Global Energy as a Service Market Projected to Expand at 12.4% CAGR by 2029

November 14, 2025 by The Business Research Company

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How Is The Energy as a Service Market Size Likely To Evolve From 2025 Through 2034?

The market encompassing energy as a service has experienced swift expansion lately, projected to increase from $72.53 billion in 2024 to $81.15 billion come 2025, signifying a compound annual growth rate (CAGR) of eleven point nine percent; this historical upward trajectory is underpinned by several factors, including the wider uptake of renewable energy sources, ongoing efforts toward energy efficiency, favorable governmental regulations, the incorporation of smart building technologies and the Internet of Things (IoT), the drive to lower expenses and optimize budgets, and a growing prioritization of sustainability.

Projected to experience swift expansion, the market encompassing energy-as-a-service solutions anticipates reaching a valuation of $129.41 billion by 2029, exhibiting a steady compound annual growth rate (CAGR) of 12.4%. This upward trajectory throughout the projection period stems from several key factors, including the growing intricacy associated with energy administration, the proliferation of distributed energy setups, heightened focus on bolstering energy resilience and security, worldwide adoption of enabling commercial models, and the incorporation of sophisticated data analytics and artificial intelligence capabilities. Furthermore, principal shifts observed within this timeframe involve the convergence with blockchain technology, continuous technological progression, the development of decentralized energy frameworks, the utilization of data analysis for anticipating maintenance needs, and increased adoption of demand response mechanisms.

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What Are The Main Drivers Boosting The Energy as a Service Industry’s Expansion?

Projected expansion in the sphere of energy derived from sustainable sources is anticipated to be the catalyst for expanding the energy as a service market in the imminent future. Renewable power refers to electricity harnessed from resources that naturally replenish, yet possess finite flow rates, rendering them effectively endless in duration but restricted in the amount of energy that can be extracted within a given timeframe. As the adoption of this renewable power escalates, a corresponding boost in the energy as a service sector is inevitable. To illustrate this trend, data published by the Energy Information Administration, a governmental entity in the United States, indicated that renewable power accounted for a quarter, specifically 24%, of all US electricity production in the initial six months of 2022, marking an uptick from the 21% recorded during the identical timeframe the previous year. Consequently, the burgeoning necessity for greater output capacity from sustainable energy streams directly fuels the forward momentum of the energy as a service industry.

What Are The Leading Segments Analyzed In The Energy as a Service Market?

The energy as a service market covered in this report is segmented –

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

Which Market Trends Are Creating New Opportunities In The Energy as a Service Industry?

A notable pattern emerging in the energy as a service sector involves increased collaboration and formal arrangements between various corporations, as entities within this market establish alliances and contracts specifically to satisfy client requirements. Illustratively, in June of 2024, Adventist Health, which operates as a nonprofit, faith-based integrated healthcare provider serving upwards of ninety locales across the West Coast and Hawaii, publicized the commencement of a monumental three-decade Energy-as-a-Service (EaaS) pact with Bernhard, an American energy infrastructure specialist, establishing what is recognized as the largest EaaS undertaking ever recorded in the United States; this cooperative venture intends to fundamentally transform Adventist Health’s energy infrastructure, guaranteeing a twenty percent drop in yearly utility expenditures alongside marked improvements in sustainability practices across their entire operational scope, an initiative valued at 457 million dollars that will fund vital upgrades to energy facilities, resulting in considerable decreases in the emission of greenhouse gases, specifically a 61.1 percent cut in electricity procurement and a 63.7 percent reduction in Scope 2 emissions at chosen sites.

Which Key Market Players Are Investing In Expansion And Innovation Of Energy as a Service Market?

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.

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How Is Energy as a Service Market Demand Varying Across Different Regions?

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.

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