Energy as a Service Global Market Report 2025

The energy as a service market encompasses the sales of solutions and services for managing energy usage to deliver desired energy services. Energy-as-a-service (EaaS) involves clients paying for energy services without upfront costs, often through a subscription model for electrical devices or energy usage management.

Energy as a Service primarily consists of solutions and services. Energy supply services play a key role in delivering various forms of energy, including fuels, electricity, and thermal energy, from suppliers to end consumers. These services encompass supply, demand, and energy optimization, catering to a diverse range of end users such as commercial enterprises and industries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.

The energy as a service market research report is one of a series of new reports from The Business Research Company that provides energy as a service market statistics, including energy as a service industry global market size, regional shares, competitors with an energy as a service market share, detailed energy as a service market segments, market trends and opportunities, and any further data you may need to thrive in the energy as a service industry. This energy as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The energy as a service market size has grown rapidly in recent years. It will grow from $72.53 billion in 2024 to $81.15 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to renewable energy adoption, energy efficiency initiatives, regulatory support, smart building and IoT integration, cost reduction and budget optimization, demand for sustainability.

The energy as a service market size is expected to see rapid growth in the next few years. It will grow to $129.41 billion in 2029 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to increasing complexity in energy management, rise of decentralized energy systems, energy resilience and security, global expansion of east models, data analytics and AI integration. Major trends in the forecast period include integration with blockchain technology, technological advancements, decentralized energy systems, data analytics and predictive maintenance, demand response integration.

The forecast of 12.4% growth over the next five years reflects a sligth reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through slower adoption of smart grid solutions, as tariffs increase expenses for cloud-based energy management software and hardware primarily developed in India and Israel. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The anticipated surge in renewable energy generation is expected to drive the expansion of the energy-as-a-service market in the foreseeable future. Renewable energy refers to energy derived from naturally replenishing but flow-limited sources that are essentially infinite in length but limited in the energy accessible per unit of time. The utilization of renewable energy is on the rise, contributing to the growth of the energy-as-a-service market. For instance, in September 2022, as per reports published by the Energy Information Administration, a U.S.-based government agency, during the first half of 2022, 24% of electricity generation in the United States originated from renewable sources. This marked an increase from 21% recorded for the same period in the previous year. Consequently, the escalating demand for increased renewable energy generation is a key driver propelling the growth of the energy-as-a-service market.

The energy-as-a-service market is poised for growth, driven by changing consumer preferences and a shift towards sustainable and efficient energy solutions. Sustainable and efficient energy solutions involve the use of environmentally friendly technologies and practices to responsibly meet energy needs. The dynamic energy-as-a-service market is instrumental in shaping consumer preferences by offering accessible, customizable, and eco-friendly energy options, contributing to the broader adoption of sustainable and efficient energy solutions. For instance, data from the International Energy Agency, a France-based intergovernmental organization, indicates a significant shift in consumer preferences in 2022. The global adoption of sustainable energy solutions continued to rise, with renewables accounting for approximately 30% of the electricity mix. This trend is expected to gain momentum, reaching nearly 50% by 2030. It reflects an increasing demand for clean energy technologies and a noticeable transition away from fossil fuels. In this context, the evolving preferences and trends towards sustainable and efficient energy solutions play a crucial role in propelling the growth of the energy-as-a-service market.

Major players in the energy-as-a-service market are strategically focusing on product launches to enhance their offerings. A notable example is the introduction of the Renewable Energy Digital suite, designed to optimize the performance and operations of renewable assets, including onshore and offshore wind, hydro, and other renewable energy technologies. This comprehensive digital solution, exemplified by General Electric's Lifespan launched in May 2022, aims to elevate the management, performance, and maintenance of renewable energy assets through real-time control, deep insights, and technology-agnostic capabilities. The Lifespan suite from General Electric offers a range of features tailored for the energy-as-a-service market. These features include real-time command and control, deep insights into fleet and site performance, condition-based maintenance, an integrated user experience, efficient data management, and technology-agnostic solutions. By incorporating these features, the suite enhances the efficiency of managing renewable energy assets, contributing to the energy-as-a-service market by enabling more effective, data-driven, and integrated management practices. This, in turn, ensures the delivery of reliable and sustainable energy services.

In June 2024, Yokogawa Electric Corporation, a Japan-based multinational company, acquired BaxEnergy for an undisclosed amount. This acquisition is intended to strengthen Yokogawa's capabilities in the energy-as-a-service (EaaS) sector by incorporating BaxEnergy's advanced software solutions for energy management and optimization. BaxEnergy is an Italy-based technology company specializing in renewable energy solutions and energy management.

In May 2022, Caterpillar Inc., a US-based manufacturing company, acquired Tangent Energy Solutions for an undisclosed amount. This acquisition aims to bolster Caterpillar's capabilities in energy management and sustainability, expanding its portfolio of innovative technologies that promote efficient energy usage and carbon reduction across industries. Tangent Energy Solutions, a US-based EaaS company, specializes in innovative energy management solutions, focusing on optimizing energy consumption, integrating renewable energy, and enhancing grid resilience for commercial and industrial clients.

Major companies operating in the energy as a service market include Enel S.p.A., Engie SA, Siemens AG, General Electric Company, Veolia Environnement S.A., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Centrica plc, Duke Energy Corporation, Johnson Controls International plc, Eaton Corporation, Edison International, Alpiq Holding SA, Tetra Tech Inc., EDF Renewable Energy, Ameresco Inc., WGL Energy, ABB India Ltd., Bernhard LLC, SmartWatt Energy Inc., Entegrity Partners LLC, Enertika Inc., Contemporary Energy Solutions LLC, Solarus Energy Inc.

North America was the largest region in the energy as a service market in 2024. Middle East and Africa are expected to be the fastest-growing regions in the energy as a service market during the forecast period. The regions covered in the energy as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the energy as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The energy as a service market includes revenues earned by entities by providing cloud-based energy services and solutions to monitor and manage energy requirements based on real-data collections and also procuring, storing, and producing energy solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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 as a Service 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 as a service 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.

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Where is the largest and fastest growing market for energy as a service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The energy as a service 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 market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Component: Solutions; Services
• 2) By End-User: Commercial; Industrial
• Subsegments:
• 1) By Solutions: Energy Management Systems; Renewable Energy Solutions; Energy Storage Solutions
• 2) By Services: Consulting Services; Implementation Services; Maintenance And Support Services
• Companies Mentioned:Enel S.p.A.; Engie SA; Siemens AG; General Electric Company; Veolia Environnement S.A.; Mitsubishi Electric Corporation; Schneider Electric SE; Honeywell International Inc.; Centrica plc; Duke Energy Corporation; Johnson Controls International plc; Eaton Corporation; Edison International; Alpiq Holding SA; Tetra Tech Inc.; EDF Renewable Energy; Ameresco Inc.; WGL Energy; ABB India Ltd.; Bernhard LLC; SmartWatt Energy Inc.; Entegrity Partners LLC; Enertika Inc.; Contemporary Energy Solutions LLC; Solarus Energy Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.