Energy-as-a-Service Global Market Report 2025

Energy-as-a-Service (EaaS) represents a business model in which customers pay for an energy service without an initial capital investment. Typically structured as a subscription, this model involves the ownership of electrical devices by a service company or the management of energy usage to deliver the desired energy service.

Key components of energy-as-a-service include energy supply services, maintenance and operation, and energy efficiency and optimization. Energy supply services encompass the utilization of energy conversion and transmission technology, along with supporting services, ensuring a continuous supply of energy and energy carriers meeting predetermined standards at the lowest possible cost. Industrial businesses are the primary consumers of energy resources, with utility service providers and third-party providers offering these services to industrial and commercial end-users.

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 rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.

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 scenario 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 strong economic growth in emerging markets, rapid urbanization, and from the rise in digitalization.

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 rapid industrialization, increasing government support, increasing distributed energy resources, and the increasing number of smart meters. Major trends in the forecast period include focus on artificial intelligence, virtual power plants, focus on battery energy storage, use of cloud technology, focus on new subscription-based services, strategic partnerships and collaborations, and increasing investments.

The forecast of 12.4% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. Increased tariffs on solar panels, energy storage systems, and smart meters could significantly raise capital expenditure for U.S.-based Energy-as-a-Service providers, limiting adoption among commercial clients. 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 rise in global energy consumption is anticipated to significantly boost the growth of the energy-as-a-service market in the coming years. Energy consumption encompasses the usage required for various activities, including transportation, lighting, cooling, and heating in buildings, as well as in sectors like agriculture, manufacturing, and mining. For instance, in June 2024, DieselNet reported that global primary energy consumption reached a record high in 2023, rising by 2% compared to 2022 and totaling 620 Exajoules (EJ). This growth rate surpasses the previous decade's average of 1.5% per year. As energy demand increases, businesses and organizations are increasingly seeking flexible, efficient energy solutions, further driving the adoption of energy-as-a-service models.

The proliferation of smart meters is expected to play a pivotal role in driving the growth of the energy-as-a-service market in the forecast period. Smart meters, electronic devices that record energy consumption data, empower utility companies to provide comprehensive information to clients about their energy usage throughout the day. This capability allows customers to proactively manage their energy consumption. For instance, according to the European Commission, the executive body of the European Union, there is a plan to install up to 225 million smart meters for electricity and 51 million for gas in the EU by 2024. This initiative aims to provide approximately 77% of European consumers with smart electricity meters, representing a potential investment of €47 billion ($50 billion). The increasing adoption of smart meters is expected to drive the energy-as-a-service market, facilitating more efficient and informed energy management for consumers.

Major companies in the energy-as-a-service market are increasingly focusing on innovative solutions, such as integrated energy management platforms, to offer consumers flexible and cost-effective energy options that enhance sustainability and optimize energy consumption. One notable trend is the integration of community battery systems with energy retail plans, which allows customers to access and utilize stored renewable energy, leading to cost savings and improved grid reliability while promoting the use of clean energy sources. For instance, in August 2024, Ausgrid, an Australia-based electricity distributor, launched a new energy storage-as-a-service (ESaaS) offering in collaboration with Origin Energy and Energy Australia. This ESaaS initiative aims to capitalize on the growing interest in community battery energy storage systems (BESS) by providing eligible customers with an energy retail plan that allows them to access energy stored within these community batteries. This approach not only enhances energy efficiency but also supports the transition to more sustainable energy practices.

Strategic partnerships and collaborations are gaining prominence in the energy-as-a-service market, as companies aim to broaden their service portfolios and extend their geographic presence. A notable instance is the August 2022 partnership between TC Energy, a Canada-based energy infrastructure company, and Comision Federal de Electricidad (CFE), a Mexico-based electricity services provider. This collaboration focuses on jointly building essential energy infrastructure to cater to the growing central and southeast areas of Mexico, showcasing the strategic value of such partnerships in expanding energy services. Additionally, in March 2023, Honeywell, a US-based conglomerate corporation, announced a strategic investment in Redaptive, a US-based energy equipment and solutions provider. This investment aims to accelerate collaboration in bringing Energy-as-a-Service (EaaS) capabilities to privately owned commercial and industrial buildings in the private sector. The collaboration combines Honeywell's expertise in energy savings performance contracting (ESPC) and building control capabilities with Redaptive's innovative data technology and EaaS platform, facilitating the rapid deployment of technologies designed to reduce carbon emissions across a diverse portfolio of buildings. This strategic partnership exemplifies the collaborative efforts to advance energy efficiency solutions in the market.

In May 2022, GE Digital, a US-based industrial software and IoT services provider and a subsidiary of General Electric, acquired Opus One Solutions, a Canada-based software company, for an undisclosed sum. This strategic acquisition enhances GE Digital's capabilities in helping utilities make decisions on the integration of renewables and Distributed Energy Resources (DERs) across the electric grid at scale. Opus One Solutions specializes in supporting electric utilities with energy planning, operations, and market management optimization.

Major companies operating in the energy-as-a-service market include Schneider Electric SE, Veolia Environment S.A., Engie SA, Enel S.p.A, Siemens AG,Honeywell International Inc., EDF, Bernhard Energy Solutions, AltaGas Ltd, Johnson Controls International PLC, China Shenhua Energy Company, Envision Energy, Mingyang, Gamesa, Shanghai Electric, CSSC, Suzlon Energy Limited, Adani Green Energy Limited, G3 Holdings and NTPC Limited, Centrica, E. ON UK., Npower, ScottishPower, CEZ, Contemporary Energy Solutions, Duke Energy, Edison International, General Electric Company, NextEra Energy, Green Mountain Energy, TPI Composites, Renewable Energy Group, Inc, Clearway Energy, First Solar Inc, PlanEt, Tesla, IOGEN Corporation, Bio-EnPower Inc, Ag-west Bio, Nulife Green Tech, Innergex/Alterra Power, Bullfrog Power, 3G Energy, KEPCO Energy Service Company, CFE, Pemex, Shell, Baker hughes, Tenaries, Moka Power, SOLARVIEW, FLEXIMETAL BRASIL, RVT Energia, Wiseful, GreenStudio Energy Efficiency, DS-Engenharia-Solar, Oika Tecnologia & Inovacao, Yellow Door Energy, Enova, Alfanar Energy, Solar Africa, Rensource Distributed Energy Ltd, powergen renewable energy, Powerhive, Daystar Power, Juabar

North America was the largest region in the energy-as-a-service market in 2024. North America is expected to be the fastest-growing region in 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, Italy, Spain, Canada.

The energy-as-a-service market consists of revenue earned by offering end-to-end management of a customer's energy assets and services. 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 Service: Energy Supply Services, Operation And Maintenance, Optimization And Efficiency Services
• 2) By Provider: Utility Service Provider, Third Party Provider
• 3) By End User: Residential, Commercial, Industrial
• Subsegments:
• 1) By Energy Supply Services: Renewable Energy Supply; Grid Energy Supply; Distributed Energy Resources
• 2) By Operation And Maintenance: System Monitoring And Management; Preventive And Corrective Maintenance; Performance Reporting
• 3) By Optimization And Efficiency Services: Energy Audits; Demand Response Management; Energy Management Systems
• Companies Mentioned: Schneider Electric SE; Veolia Environment S.A.; Engie SA; Enel S.p.A; Siemens AG;Honeywell International Inc.; EDF; Bernhard Energy Solutions; AltaGas Ltd; Johnson Controls International PLC; China Shenhua Energy Company; Envision Energy; Mingyang; Gamesa; Shanghai Electric; CSSC; Suzlon Energy Limited; Adani Green Energy Limited; G3 Holdings and NTPC Limited; Centrica; E. ON UK.; Npower; ScottishPower; CEZ; Contemporary Energy Solutions; Duke Energy; Edison International; General Electric Company; NextEra Energy; Green Mountain Energy; TPI Composites; Renewable Energy Group, Inc; Clearway Energy; First Solar Inc; PlanEt; Tesla; IOGEN Corporation; Bio-EnPower Inc; Ag-west Bio; Nulife Green Tech; Innergex/Alterra Power; Bullfrog Power; 3G Energy; KEPCO Energy Service Company; CFE; Pemex; Shell; Baker hughes; Tenaries; Moka Power; SOLARVIEW; FLEXIMETAL BRASIL; RVT Energia; Wiseful; GreenStudio Energy Efficiency; DS-Engenharia-Solar; Oika Tecnologia & Inovacao; Yellow Door Energy; Enova; Alfanar Energy; Solar Africa; Rensource Distributed Energy Ltd; powergen renewable energy; Powerhive; Daystar Power; Juabar
• 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.