PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1776736
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1776736
Energy-as-a-Service Market Forecasts to 2032 - Global Analysis by Service Offering, Component, Deployment Model, Revenue Model, Enabling Technology, End User and By Geography
According to Stratistics MRC, the Global Energy-as-a-Service (EaaS) Market is accounted for $58.12 billion in 2025 and is expected to reach $130.09 billion by 2032 growing at a CAGR of 12.2% during the forecast period. Energy-as-a-Service (EaaS) is a business model where customers pay for energy services like lighting, heating, or backup power instead of owning energy assets. It typically includes energy supply, efficiency upgrades, and analytics, bundled under a subscription or performance-based contract. EaaS helps organizations reduce upfront costs, improve sustainability, and manage energy more efficiently, while leaving the operational and technical complexities to specialized providers.
According to the U.S. Energy Information Administration, average residential electricity prices rose by almost 6% from 2022 to 2023.
Market Dynamics:
Driver:
Increasing demand for energy efficiency
Organizations across sectors are actively seeking solutions to reduce operational costs and optimize energy consumption. This demand is propelled by rising energy prices, regulatory mandates for decarbonization, and the need for sustainable operations. Furthermore, technological advancements such as smart grids and real-time analytics enable more precise energy management, making EaaS offerings increasingly attractive. As businesses strive to meet environmental targets, the pursuit of energy efficiency continues to fuel market expansion.
Restraint:
Lack of awareness in developing economies
A significant restraint for the EaaS is the limited awareness and understanding of these solutions in developing economies. Many organizations remain unfamiliar with the benefits and operational models of EaaS, leading to slower adoption rates. Additionally, the absence of targeted educational initiatives and insufficient government support further hinder market penetration. This knowledge gap, coupled with concerns about upfront costs and infrastructure readiness, restricts the growth potential in emerging markets.
Opportunity:
Growing demand for renewable energy integration
The increasing focus on integrating renewable energy sources presents a substantial opportunity for the EaaS. As governments and corporations intensify efforts to reduce carbon footprints, there is heightened demand for solutions that facilitate the seamless adoption of solar, wind, and other renewables. Moreover, EaaS providers are well-positioned to offer bundled services that combine energy supply, management, and optimization, making renewables more accessible and cost-effective. This trend is further supported by government incentives and the declining costs of renewable technologies, paving the way for robust market growth.
Threat:
High competition from traditional utilities and new entrants
Traditional utility providers are leveraging their extensive infrastructure and customer relationships to introduce competing energy solutions, while agile startups are innovating rapidly with digital platforms and flexible service models. This intensifying competition can lead to margin pressures and increased customer acquisition costs. Additionally, market saturation and the challenge of differentiating service offerings may pose risks to sustained growth for existing EaaS providers.
Covid-19 Impact:
The Covid-19 pandemic had a pronounced impact on the EaaS market, with global lockdowns leading to reduced industrial and commercial energy demand. Many companies postponed or canceled capital-intensive energy projects due to economic uncertainty and liquidity constraints. While residential energy consumption increased, it was insufficient to offset declines in other sectors. However, as economies recover, there is renewed interest in cost-saving and resilient energy solutions, positioning EaaS as a strategic choice for organizations aiming to enhance operational flexibility and sustainability in a post-pandemic landscape.
The energy supply services segment is expected to be the largest during the forecast period
The energy supply services segment is expected to account for the largest market share during the forecast period, attributed to the growing need for reliable energy supply solutions that can support both grid-connected and off-grid operations. Businesses are increasingly seeking third-party providers to manage energy procurement and supply, reducing their reliance on traditional utilities. Additionally, the integration of distributed energy resources and renewables within this segment enhances operational flexibility and cost predictability, making energy supply services the preferred choice for a broad range of end users.
The industrial sector segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the industrial sector segment is predicted to witness the highest growth rate, driven by the sector's substantial energy consumption and the pressing need to optimize costs and improve sustainability. Industrial enterprises are adopting EaaS models to access advanced energy management technologies, ensure compliance with environmental regulations, and achieve operational efficiencies. Furthermore, the shift towards automation and digitalization in manufacturing amplifies the demand for tailored energy solutions, positioning the industrial sector as a key growth engine for the EaaS market.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share. This leadership stems from early adoption of energy efficiency initiatives, robust regulatory frameworks, and significant investments in renewable energy infrastructure. The presence of established energy service companies and a mature industrial base further accelerates EaaS uptake. Moreover, government incentives and a strong focus on sustainability encourage businesses to transition to EaaS models, solidifying North America's position as the leading regional market for these services.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. Rapid industrialization, urbanization, and increasing energy demand in countries such as China and India are major contributors to this growth. Governments in the region are actively promoting renewable energy integration and supporting smart grid development. Additionally, the expanding commercial and industrial sectors are adopting EaaS solutions to address energy efficiency challenges and reduce operational costs. These factors collectively drive Asia Pacific's emergence as the fastest-growing market for EaaS offerings.
Key players in the market
Some of the key players in Energy-as-a-Service (EaaS) Market include Schneider Electric SE, Siemens AG, Honeywell International Inc., Engie SA, Veolia Environnement S.A., Johnson Controls International plc, General Electric Company, Enel S.p.A., Orsted A/S, EDF (Electricite de France), Centrica plc, Wendel SE, NORESCO LLC, Bernhard LLC, Entegrity Energy Partners, Redaptive, Inc., Keppel Corporation Limited and Tata Power Trading Company Limited.
Key Developments:
In June 2025, Tata Power-Delhi Distribution Ltd, in collaboration with Japan-based Nissin Electric Co Ltd, has commissioned India's first micro substation with a power voltage transformer (PVT) to provide a low-cost and reliable power supply to consumers in Delhi.The project is part of the International Demonstration Project on Japan's Energy Efficiency Technologies, publicly solicited by the New Energy and Industrial Technology Development Organisation (NEDO).
In April 2025, a new survey commissioned by AlphaStruxure, a leader in Energy as a Service (EaaS) infrastructure solutions, and Schneider Electric, the leader in the digital transformation of energy management and automation, in partnership with Data Center Frontier, provides insights into the significant energy challenges faced by the data center sector. The survey of 149 American and Canadian data center executives was conducted between January - February 2025 and points to a growing "time to power" challenge that's leading the industry to look to alternative solutions to grid power.
In October 2024, Tata Power Trading Company Limited, a wholly-owned subsidiary of Tata Power, one of India's largest integrated power companies, and Keppel, a Singapore-headquartered global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity, have entered into a collaboration arrangement to launch sustainable Cooling-as-a-Service (CaaS) solutions in India.
Service Offerings Covered:
- Energy Supply Services
- Operational & Maintenance (O&M) Services
- Energy Efficiency & Optimization Services
- Integrated EaaS Solutions
- Other Value-Added Services
Components:
- Software Platforms
- Hardware & Equipment
Deployment Models Covered:
- Onsite
- Offsite
- Hybrid
Revenue Models Covered:
- Subscription-Based
- Pay-Per-Use
- Performance-Based Contracting
- Leasing/Financing Model
Enabling Technologies Covered:
- Smart Grid Technology & Grid Integration
- Internet of Things (IoT) & Sensors
- Artificial Intelligence (AI) & Machine Learning (ML)
- Big Data Analytics
- Blockchain
- Cloud Computing
End Users Covered:
- Commercial Sector
- Industrial Sector
- Residential Sector
- Government & Municipalities
- Utilities
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Energy-as-a-Service (EaaS) Market, By Service Offering
- 5.1 Introduction
- 5.2 Energy Supply Services
- 5.2.1 On-site Generation
- 5.2.2 Off-site Procurement
- 5.3 Operational & Maintenance (O&M) Services
- 5.3.1 Predictive and Preventive Maintenance
- 5.3.2 Remote Monitoring and Diagnostics
- 5.3.3 Asset Management and Optimization
- 5.4 Energy Efficiency & Optimization Services
- 5.4.1 Energy Audits and Consulting
- 5.4.2 HVAC Optimization and Building Energy Management Systems (BEMS)
- 5.4.3 Smart Lighting Solutions
- 5.4.4 Demand Response and Load Management
- 5.5 Integrated EaaS Solutions
- 5.6 Other Value-Added Services
6 Global Energy-as-a-Service (EaaS) Market, By Component
- 6.1 Introduction
- 6.2 Software Platforms
- 6.2.1 Energy Management Systems (EMS) & Building Management Systems (BMS) Software
- 6.2.2 Energy Monitoring & Analytics Platforms
- 6.2.3 Virtual Power Plant (VPP) Software
- 6.2.4 Distributed Energy Resource Management Systems (DERMS)
- 6.3 Hardware & Equipment
- 6.3.1 Energy Storage Systems
- 6.3.2 Distributed Generation Equipment
- 6.3.3 Smart Meters, Sensors, and Control Devices
- 6.3.4 Energy-Efficient HVAC Systems
- 6.3.5 Smart Lighting Hardware
7 Global Energy-as-a-Service (EaaS) Market, By Deployment Model
- 7.1 Introduction
- 7.2 Onsite
- 7.3 Offsite
- 7.4 Hybrid
8 Global Energy-as-a-Service (EaaS) Market, By Revenue Model
- 8.1 Introduction
- 8.2 Subscription-Based
- 8.3 Pay-Per-Use
- 8.4 Performance-Based Contracting
- 8.5 Leasing/Financing Model
9 Global Energy-as-a-Service (EaaS) Market, By Enabling Technology
- 9.1 Introduction
- 9.2 Smart Grid Technology & Grid Integration
- 9.3 Internet of Things (IoT) & Sensors
- 9.4 Artificial Intelligence (AI) & Machine Learning (ML)
- 9.5 Big Data Analytics
- 9.6 Blockchain
- 9.7 Cloud Computing
10 Global Energy-as-a-Service (EaaS) Market, By End User
- 10.1 Introduction
- 10.2 Commercial Sector
- 10.2.1 Educational Institutions
- 10.2.2 Corporate Offices & Business Parks
- 10.2.3 Data Centers
- 10.2.4 Hospitals & Healthcare Facilities
- 10.2.5 Retail & Hospitality
- 10.2.6 Airports & Transportation Hubs
- 10.2.7 Other Commercial Spaces
- 10.3 Industrial Sector
- 10.3.1 Manufacturing & Processing
- 10.3.2 Oil & Gas
- 10.3.3 Mining & Metals
- 10.3.4 Agriculture & Food Processing
- 10.3.5 Chemicals & Petrochemicals
- 10.3.6 Others Industrial Facilities
- 10.4 Residential Sector
- 10.5 Government & Municipalities
- 10.6 Utilities
11 Global Energy-as-a-Service (EaaS) Market, By Geography
- 11.1 Introduction
- 11.2 North America
- 11.2.1 US
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 Italy
- 11.3.4 France
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 Japan
- 11.4.2 China
- 11.4.3 India
- 11.4.4 Australia
- 11.4.5 New Zealand
- 11.4.6 South Korea
- 11.4.7 Rest of Asia Pacific
- 11.5 South America
- 11.5.1 Argentina
- 11.5.2 Brazil
- 11.5.3 Chile
- 11.5.4 Rest of South America
- 11.6 Middle East & Africa
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 Qatar
- 11.6.4 South Africa
- 11.6.5 Rest of Middle East & Africa
12 Key Developments
- 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 12.2 Acquisitions & Mergers
- 12.3 New Product Launch
- 12.4 Expansions
- 12.5 Other Key Strategies
13 Company Profiling
- 13.1 Schneider Electric SE
- 13.2 Siemens AG
- 13.3 Honeywell International Inc.
- 13.4 Engie SA
- 13.5 Veolia Environnement S.A.
- 13.6 Johnson Controls International plc
- 13.7 General Electric Company
- 13.8 Enel S.p.A.
- 13.9 Orsted A/S
- 13.10 EDF (Electricite de France)
- 13.11 Centrica plc
- 13.12 Wendel SE
- 13.13 NORESCO LLC
- 13.14 Bernhard LLC
- 13.15 Entegrity Energy Partners
- 13.16 Redaptive, Inc.
- 13.17 Keppel Corporation Limited
- 13.18 Tata Power Trading Company Limited
List of Tables
- Table 1 Global Energy-as-a-Service (EaaS) Market Outlook, By Region (2024-2032) ($MN)
- Table 2 Global Energy-as-a-Service (EaaS) Market Outlook, By Service Offering (2024-2032) ($MN)
- Table 3 Global Energy-as-a-Service (EaaS) Market Outlook, By Energy Supply Services (2024-2032) ($MN)
- Table 4 Global Energy-as-a-Service (EaaS) Market Outlook, By On-site Generation (2024-2032) ($MN)
- Table 5 Global Energy-as-a-Service (EaaS) Market Outlook, By Off-site Procurement (2024-2032) ($MN)
- Table 6 Global Energy-as-a-Service (EaaS) Market Outlook, By Operational & Maintenance (O&M) Services (2024-2032) ($MN)
- Table 7 Global Energy-as-a-Service (EaaS) Market Outlook, By Predictive and Preventive Maintenance (2024-2032) ($MN)
- Table 8 Global Energy-as-a-Service (EaaS) Market Outlook, By Remote Monitoring and Diagnostics (2024-2032) ($MN)
- Table 9 Global Energy-as-a-Service (EaaS) Market Outlook, By Asset Management and Optimization (2024-2032) ($MN)
- Table 10 Global Energy-as-a-Service (EaaS) Market Outlook, By Energy Efficiency & Optimization Services (2024-2032) ($MN)
- Table 11 Global Energy-as-a-Service (EaaS) Market Outlook, By Energy Audits and Consulting (2024-2032) ($MN)
- Table 12 Global Energy-as-a-Service (EaaS) Market Outlook, By HVAC Optimization and Building Energy Management Systems (BEMS) (2024-2032) ($MN)
- Table 13 Global Energy-as-a-Service (EaaS) Market Outlook, By Smart Lighting Solutions (2024-2032) ($MN)
- Table 14 Global Energy-as-a-Service (EaaS) Market Outlook, By Demand Response and Load Management (2024-2032) ($MN)
- Table 15 Global Energy-as-a-Service (EaaS) Market Outlook, By Integrated EaaS Solutions (2024-2032) ($MN)
- Table 16 Global Energy-as-a-Service (EaaS) Market Outlook, By Other Value-Added Services (2024-2032) ($MN)
- Table 17 Global Energy-as-a-Service (EaaS) Market Outlook, By Component (2024-2032) ($MN)
- Table 18 Global Energy-as-a-Service (EaaS) Market Outlook, By Software Platforms (2024-2032) ($MN)
- Table 19 Global Energy-as-a-Service (EaaS) Market Outlook, By Energy Management Systems (EMS) & Building Management Systems (BMS) Software (2024-2032) ($MN)
- Table 20 Global Energy-as-a-Service (EaaS) Market Outlook, By Energy Monitoring & Analytics Platforms (2024-2032) ($MN)
- Table 21 Global Energy-as-a-Service (EaaS) Market Outlook, By Virtual Power Plant (VPP) Software (2024-2032) ($MN)
- Table 22 Global Energy-as-a-Service (EaaS) Market Outlook, By Distributed Energy Resource Management Systems (DERMS) (2024-2032) ($MN)
- Table 23 Global Energy-as-a-Service (EaaS) Market Outlook, By Hardware & Equipment (2024-2032) ($MN)
- Table 24 Global Energy-as-a-Service (EaaS) Market Outlook, By Energy Storage Systems (2024-2032) ($MN)
- Table 25 Global Energy-as-a-Service (EaaS) Market Outlook, By Distributed Generation Equipment (2024-2032) ($MN)
- Table 26 Global Energy-as-a-Service (EaaS) Market Outlook, By Smart Meters, Sensors, and Control Devices (2024-2032) ($MN)
- Table 27 Global Energy-as-a-Service (EaaS) Market Outlook, By Energy-Efficient HVAC Systems (2024-2032) ($MN)
- Table 28 Global Energy-as-a-Service (EaaS) Market Outlook, By Smart Lighting Hardware (2024-2032) ($MN)
- Table 29 Global Energy-as-a-Service (EaaS) Market Outlook, By Deployment Model (2024-2032) ($MN)
- Table 30 Global Energy-as-a-Service (EaaS) Market Outlook, By Onsite (2024-2032) ($MN)
- Table 31 Global Energy-as-a-Service (EaaS) Market Outlook, By Offsite (2024-2032) ($MN)
- Table 32 Global Energy-as-a-Service (EaaS) Market Outlook, By Hybrid (2024-2032) ($MN)
- Table 33 Global Energy-as-a-Service (EaaS) Market Outlook, By Revenue Model (2024-2032) ($MN)
- Table 34 Global Energy-as-a-Service (EaaS) Market Outlook, By Subscription-Based (2024-2032) ($MN)
- Table 35 Global Energy-as-a-Service (EaaS) Market Outlook, By Pay-Per-Use (2024-2032) ($MN)
- Table 36 Global Energy-as-a-Service (EaaS) Market Outlook, By Performance-Based Contracting (2024-2032) ($MN)
- Table 37 Global Energy-as-a-Service (EaaS) Market Outlook, By Leasing/Financing Model (2024-2032) ($MN)
- Table 38 Global Energy-as-a-Service (EaaS) Market Outlook, By Enabling Technology (2024-2032) ($MN)
- Table 39 Global Energy-as-a-Service (EaaS) Market Outlook, By Smart Grid Technology & Grid Integration (2024-2032) ($MN)
- Table 40 Global Energy-as-a-Service (EaaS) Market Outlook, By Internet of Things (IoT) & Sensors (2024-2032) ($MN)
- Table 41 Global Energy-as-a-Service (EaaS) Market Outlook, By Artificial Intelligence (AI) & Machine Learning (ML) (2024-2032) ($MN)
- Table 42 Global Energy-as-a-Service (EaaS) Market Outlook, By Big Data Analytics (2024-2032) ($MN)
- Table 43 Global Energy-as-a-Service (EaaS) Market Outlook, By Blockchain (2024-2032) ($MN)
- Table 44 Global Energy-as-a-Service (EaaS) Market Outlook, By Cloud Computing (2024-2032) ($MN)
- Table 45 Global Energy-as-a-Service (EaaS) Market Outlook, By End User (2024-2032) ($MN)
- Table 46 Global Energy-as-a-Service (EaaS) Market Outlook, By Commercial Sector (2024-2032) ($MN)
- Table 47 Global Energy-as-a-Service (EaaS) Market Outlook, By Educational Institutions (2024-2032) ($MN)
- Table 48 Global Energy-as-a-Service (EaaS) Market Outlook, By Corporate Offices & Business Parks (2024-2032) ($MN)
- Table 49 Global Energy-as-a-Service (EaaS) Market Outlook, By Data Centers (2024-2032) ($MN)
- Table 50 Global Energy-as-a-Service (EaaS) Market Outlook, By Hospitals & Healthcare Facilities (2024-2032) ($MN)
- Table 51 Global Energy-as-a-Service (EaaS) Market Outlook, By Retail & Hospitality (2024-2032) ($MN)
- Table 52 Global Energy-as-a-Service (EaaS) Market Outlook, By Airports & Transportation Hubs (2024-2032) ($MN)
- Table 53 Global Energy-as-a-Service (EaaS) Market Outlook, By Other Commercial Spaces (2024-2032) ($MN)
- Table 54 Global Energy-as-a-Service (EaaS) Market Outlook, By Industrial Sector (2024-2032) ($MN)
- Table 55 Global Energy-as-a-Service (EaaS) Market Outlook, By Manufacturing & Processing (2024-2032) ($MN)
- Table 56 Global Energy-as-a-Service (EaaS) Market Outlook, By Oil & Gas (2024-2032) ($MN)
- Table 57 Global Energy-as-a-Service (EaaS) Market Outlook, By Mining & Metals (2024-2032) ($MN)
- Table 58 Global Energy-as-a-Service (EaaS) Market Outlook, By Agriculture & Food Processing (2024-2032) ($MN)
- Table 59 Global Energy-as-a-Service (EaaS) Market Outlook, By Chemicals & Petrochemicals (2024-2032) ($MN)
- Table 60 Global Energy-as-a-Service (EaaS) Market Outlook, By Others Industrial Facilities (2024-2032) ($MN)
- Table 61 Global Energy-as-a-Service (EaaS) Market Outlook, By Residential Sector (2024-2032) ($MN)
- Table 62 Global Energy-as-a-Service (EaaS) Market Outlook, By Government & Municipalities (2024-2032) ($MN)
- Table 63 Global Energy-as-a-Service (EaaS) Market Outlook, By Utilities (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
