Energy as a Service Market Projected to Grow $100.34 billion by 2030 | MarketsandMarkets™
Delray Beach, FL, July 11, 2025 (GLOBE NEWSWIRE) -- What is Energy as a Service market?
Energy as a Service (EaaS) is the process in which customers pay for energy services by means of subscription or pay-per-use, rather than installing a large piece of energy infrastructure. This in effect provides businesses and consumers access to energy solutions like renewable energy generation, energy efficiency upgrades, and energy management systems without the burden of ownership and maintenance.
What are the trends in Energy as a Service?
There are three key trends that define the EaaS market, viz., growing adoption of renewable energy sources, growing smart grid technologies, and the rise in reliance on data-driven decision making for energy management.
How big is the Energy as a Service market?
The global Energy as a Service Market is expected to grow from USD 51.88 billion in 2024 to USD 100.34 billion by 2030, at a CAGR of 11.6% according to a new report by MarketsandMarkets™.
What is driving the Energy as a service market?
Major forces driving the Energy as a service market include the increased need for energy efficiency, surging energy prices, and global trends toward carbon neutrality and sustainability. Business houses are adopting EaaS solutions in order to bring their energy usage under control and reduce operational cost as they work towards achieving compliance with regulatory mandates toward decarbonizing. Higher growth in the market can be seen through the faster integration of distributed energy resources, which are mainly solar, wind, and energy storage systems. Energy management technologies such as IoT, AI, and demand response systems also now allow real-time optimization and automation of energy. Subscription-based models with minimal upfront capital expenditures and encouraging government policies regarding renewable energy will also help boost the EaaS market significantly.
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Where's the next big growth wave?
Europe needs energy services for heating, cooling, cooking, lighting, transport, and manufacturing. Renewable energy in the EU has grown very rapidly over the last two decades because of supportive policies and technological development, which have reduced greenhouse gas emissions steadily since 1990. This fully integrated internal energy market allows for the free movement of energy resources across the Union, promotes competitiveness, and hence delivers the lowest possible prices in energy. Energy efficiency policies concentrate on the reduction of pollution and greenhouse gas emissions through reduced dependence on energy imports. Decarbonizing the economy further involves acceleration of global climate programs and private investments in sustainable infrastructure and technologies. Research, innovation, and competitiveness are also strategic pillars, developing breakthroughs in low-carbon technologies through collaboration and financing efforts.
What are the challenges of energy as a service?
While outsourcing energy management to a third-party Energy-as-a-Service (EaaS) provider facilitates a limitation of control over energy systems and operations, it will not be advantageous for customers who like more personal control over managing energy use. The reliance on the third-party provider for critical energy services will create such dependency, hence undermining bargaining power and exposing them to higher prices over time. Such a blend of limited control and dependency can point out some drawbacks to the EaaS model for specific customers. Together, these will undermine the customer's confidence in EaaS solutions, hence retarding the market growth and adoption rates. To overcome this challenge, providers must address them with transparent pricing, flexible service models, and strong customer engagement.
What is an Energy as a Service company?
Some of the major companies in the energy as a service market are Johnson Controls (Ireland), Veolia (France), Schneider Electric (France), Ameresco (US), Siemens (Germany), EDF Energy (US), Edison International (US), GE Vernova (US), Honeywell International Inc. (US), Centrica plc (UK), Alpiq Holding AG (Switzerland), and Duke Energy Corporation (US) among others.
Related Reports:
Energy Management Systems Market
Distributed Energy Resource Management System Market
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