PUBLISHER: The Business Research Company | PRODUCT CODE: 1760106
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760106
Energy solutions encompass technologies, services, and strategies developed to meet energy demands in an efficient, sustainable, and cost-effective manner. These solutions are designed to generate, store, manage, and utilize energy in ways that reduce environmental impact, enhance reliability, and contribute to economic and social development goals.
The primary categories of energy solutions include solar energy, wind energy, hydropower, geothermal energy, biomass energy, thermal energy, and various other solution types. Solar energy solutions involve systems and technologies that harness sunlight and convert it into usable energy for purposes such as electricity generation, heating, and other applications. The market is segmented by service type into supply services, demand services, and energy optimization services. Energy solutions are applicable across diverse settings and are classified by application into commercial, residential, and industrial sectors.
The energy solutions market research report is one of a series of new reports from The Business Research Company that provides energy solutions market statistics, including energy solutions industry global market size, regional shares, competitors with a energy solutions market share, detailed energy solutions market segments, market trends and opportunities, and any further data you may need to thrive in the energy solutions industry. This energy solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The energy solutions market size has grown strongly in recent years. It will grow from $739.84 billion in 2024 to $801.77 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth during the historic period can be attributed to greater investment in battery storage development, rising government expenditures, the growing digitalization of utility operations, increased consumer awareness regarding energy usage, and the rising demand for microgrid installations.
The energy solutions market size is expected to see strong growth in the next few years. It will grow to $1,088.43 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to the growing adoption of renewable energy sources, increased investments in grid modernization, heightened consumer awareness around reducing carbon footprints, rising electricity demand due to urbanization, and expanding investments in green hydrogen production facilities. Key trends expected during this period include technological progress in battery storage, innovations in smart grid infrastructure, advancements in hydrogen energy, ongoing research and development to improve solar efficiency, and the evolution of energy management systems.
The growing demand for electricity is expected to drive the expansion of the energy solutions market in the coming years. Electricity is generated by the movement of electrons, which travel through conductors to power various electrical systems and devices. This demand is increasing due to rapid urbanization, the ongoing electrification of transport and industrial sectors, and expanding digitalization. Delivering electricity efficiently and sustainably depends on robust energy solutions that encompass generation, storage, and grid management. For example, according to the Eurasian Research Institute, a Kazakhstan-based research organization, electricity consumption in Iran is growing at an annual rate of 6.5% and is projected to reach 444 million megawatt-hours by 2030. Consequently, rising electricity demand is contributing to the growth of the energy solutions market.
Leading companies in the energy solutions sector are focusing on developing advanced technologies such as battery energy storage systems (BESS) to improve grid stability, enhance storage capacity, decrease dependence on fossil fuels, and offer more efficient and reliable energy solutions. A BESS is a system that stores electrical energy in batteries for later use, helping to maintain a balance between supply and demand on the power grid. It also enables better integration of renewable energy by storing excess generation during off-peak periods and releasing it when demand is high. For instance, in April 2024, MAPNA Group, an Iranian conglomerate engaged in thermal and renewable energy, oil and gas, and rail transportation, introduced its first domestically developed BESS in Iran. The system delivers 250 kilowatts of power and stores one megawatt-hour of energy, providing up to four hours of electricity. It includes four battery clusters, a power electronics converter, switchgear, and an integrated fire safety system. This deployment enhances grid reliability and flexibility, helps balance energy supply and demand throughout the day, improves the performance of power lines and plants, and reduces fuel usage in power generation.
In February 2024, Swell Energy Inc., a U.S.-based company specializing in energy management and smart grid technologies, acquired Renu Energy Solutions for an undisclosed amount. This acquisition is intended to accelerate the development of virtual power plants (VPPs) by combining Swell's VPP technology platform and financing capabilities with Renu's experience in solar energy and energy storage installations. Renu Energy Solutions is a U.S.-based provider of solar installation and energy storage services.
Major players in the energy solutions market are JERA Co. Inc., First Solar Inc., Sunrun Inc., Bloom Energy Corporation, Ormat Technologies Inc., Albioma S.A., Neoen, Infinis, Grenergy Renovables, Orcan Energy AG, Solar Liberty Energy Systems, Inc., Moxion Power Co., DLO Energy Resources Group (Pty) Ltd, Next Energy Technologies Inc., Serengeti Energy Limited, Inlyte Energy Inc., PlanET Biogas USA Inc., Glint Solar AS, Nightpeak Energy LLC, Eden Energy.
North America was the largest region in the energy solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in energy solutions report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the energy solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The energy solutions market consists of revenues earned by entities providing services such as energy management, energy audits, and grid modernization services. The market value includes the value of related goods sold by the service provider or included within the service offering. The energy solutions market also includes sales of hydropower systems, battery energy storage systems, and smart meters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Energy Solutions Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on energy solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for energy solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The energy solutions market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.