Energy As A Service Market To Reach $145.18 Billion By 2030

Energy As A Service Market Growth & Trends

The global energy as a service market size is estimated to reach USD 145.18 billion by 2030, registering a CAGR of 12.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. Upsurge in energy supply along with rising awareness regarding the adoption of green energy sources has transformed the energy and power industry.

Rising volatility of crude oil prices is likely to positively influence the growth of the market for Energy as a Service (EaaS). Relaxation in the privatization and Foreign Direct Investment (FDI) norms is another significant factor enabling the market growth. Governments across the world are increasingly financing various energy projects, which in turn is projected to fuel the demand for energy and power plants in the forthcoming years.

Collective use of smart metering and smart grids are likely to aid for the superior management of energy and power services. Improved infrastructural amenities are also estimated to fuel the market expansion in the forthcoming years. Increasing expenditure on oil and gas is an additional factor likely to motivate the market growth over the forecast period.

Increasing investments in energy efficient projects sponsored by governing bodies will also encourage the market expansion. The diffusion of renewable energy sources is on the rise and will, fuel up the demand for energy. Rise in the adoption of Distributed Energy Resources (DER), various transformation in the transportation sector by electrification such as electric vehicles and sustainably improved emphasis on energy.

Asia Pacific is projected to witness a significant CAGR over the forecast period. The presence of a large enterprises customer base in the region is projected to bode well for the regional growth. Even if the energy as a service is a novel concept in Asia Pacific, energy is projected to be a notable element for the purpose of electricity generation with the exhaustion of fossil fuels.

The key market players include Schneider Electric; Engie; Siemens; Honeywell International Inc.; Veolia; Enel X S.r.l.; and EDF. Schneider Electric is a major player in automation and energy management. The company is inclined toward providing microgrids as services to commercial and governmental institutions. The company has signed several agreements in order to enhance the EaaS business model which is disturbing the space and thus aiding the consumers to accept the microgrids.

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Energy As A Service Market Report Highlights

• In 2024, the demand services dominated the global energy-as-a-service industry and held the largest revenue share of 40.5%, attributed to the increasing energy prices and the need for reliable energy supply.

• The energy optimization services are expected to grow at a CAGR of 12.6% over the forecast period, owing to the rising government initiatives aimed at promoting renewable energy and enhancing energy efficiency.

• By end-use, the commercial segment accounted for the largest revenue share of 52.2% in 2024, driven by an increasing emphasis on sustainability and cost efficiency.

• The North America dominated the global market with a revenue share of 42.7% in 2024, attributed to the increasing investments in renewable energy and a shift towards sustainable practices.

Energy As A Service Market Segmentation

Grand View Research has segmented the global energy as a service market based on service type, end-use, and region:

Energy As A Service Type Outlook (Revenue, USD Million, 2018 - 2030)

• Supply Services

• Demand Services

• Energy Optimization Services

Energy As A Service End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial

• Industrial

Energy As A Service Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Italy

  • Spain

  • France

  • Netherlands

  • Sweden

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Malaysia

  • Singapore

  • Thailand

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Energy As A Service Market

• Schneider Electric

• Siemens

• Engie

• Honeywell International Inc.

• Veolia

• EDF

• Johnson Controls

• Bernhard

• General Electric

• Entegrity

• Enel SpA

• Ørsted A/S

• NORESCO, LLC

• Centrica plc

• Wendel