Press release
United States Energy as a Service (EaaS) Market to hit USD55.97 billion by 2032, North America led 44.7% of global market share | Key players:- WGL Energy, Engie, Schneider Electric, Siemens AG.
The global energy as a service (EaaS) market size was valued at USD 76.97 million in 2023 and is projected to grow from USD 89.67 million in 2024 to USD 215.20 million by 2032, exhibiting a CAGR of 13.5% during the forecast period. The energy as a service market in the U.S. is projected to grow significantly, reaching an estimated value of USD 55.97 billion by 2032, driven by the focus on renewable energy integration and grid modernization. North America dominated the energy as a service (EaaS) market with a market share of 44.7%.To deduct the total energy footprint, commercial and industrial building sector consumers are largely investing in energy efficiency and procurement of energy from more sustainable sources. The increasing adoption of these services has been mainly to reduce energy costs and decrease carbon emissions to maintain the ecological balance. Innovative business models provide new opportunities for customers to finance energy-efficient building technologies and measures. These include pay-for-performance contracts, energy savings performance contracts, power purchase agreements, and on-bill financing.
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Key Industry Development-
✅ November 2025: Schneider Electric expanded its Energy as a Service (EaaS) offerings, providing zero-upfront-cost energy management with integration of renewables like solar and battery storage to enhance sustainability and reliability for commercial users.
✅ September 2025: Schneider Electric partnered with energy providers to launch turnkey EaaS projects via long-term contracts, accelerating renewable energy adoption and grid resilience for businesses nationwide.
✅ June 2025: AES Corporation completed Phase 1 of the Bellefield solar-plus-storage project in California under a 15-year EaaS agreement with Amazon, adding 500 MW capacity to power 467,000 homes while cutting CO2 emissions.
✅ October 2025: Leading EaaS firms advanced smart grid and IoT integrations amid government incentives for carbon reduction, bolstering energy efficiency and resilience against natural disasters
Recent M&A :-
→ August 6, 2025: Blackstone announced an agreement to acquire Enverus a major energy-data and analytics platform serving energy producers, utilities, and renewables providers - in a deal valued at about USD 6.5 billion.
→ February 19, 2025: BlueDot Photonics a developer of solar-performance-enhancing devices was acquired by UbiQD.
Report Objectives
→ The global energy as a service market report would provide access to an approx. 53 market data table, 42 figures and 202 pages.
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Market Segmentation-
→ Power Generation Services (Supply Services)
Power generation services, often termed supply services, lead the service type segmentation by holding a 40.6% market share in 2025, equating to roughly USD 33.07 billion. This dominance stems from rising demand for reliable energy procurement, generation, and distribution amid industrial expansion. Businesses increasingly outsource these services to ensure stable supply and integrate renewables efficiently.
→ Energy-Efficiency and Optimization Services
Energy-efficiency and optimization services capture a notable portion of the EaaS market, contributing to overall growth through demand-side management. While exact shares vary, this segment aligns with broader optimization efforts, supporting the market's 12.6% CAGR projection to 2032. These services help reduce costs via advanced analytics and retrofitting, appealing to efficiency-focused clients.
→ Operational and Maintenance Services
Operational and maintenance services form a critical segment, enabling long-term asset performance in EaaS models. This category complements supply and optimization by focusing on upkeep, though specific 2025 sizing is integrated within the total market value of USD 81.45 billion. Adoption rises due to minimized downtime and predictive maintenance technologies.
→ Industrial End-User
The industrial end-user segment drives significant EaaS demand, accounting for around 36% market share in recent data, translating to substantial revenue within the 2025 total. Industries leverage EaaS for heavy energy needs in manufacturing and processing, benefiting from tailored supply and optimization. Growth is fueled by sustainability mandates and cost pressures.
Key Market Drivers:-
→ Rising energy costs are pushing businesses toward EaaS models, converting unpredictable expenses into fixed monthly payments for better financial predictability. Adoption of distributed energy resources (DERs) like solar panels, wind turbines, and storage systems decentralizes production, enhances grid resilience, and supports sustainability goals.
Regional insights:-
→ North America
North America holds the largest market share at approximately 44.7% , bolstered by investments in renewables, smart grids, and energy efficiency initiatives in the U.S. and Canada. This dominance stems from widespread EaaS implementation to cut operational costs and enhance sustainability.
→ Asia Pacific
Asia Pacific commands about 14.5% share in 2025, fueled by industrialization in China, India, and Japan, alongside government programs like India's Perform, Achieve and Trade scheme. The region's energy demand and renewable push position it for the fastest growth.
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Energy as a Service Companies and Competitive Landscape
→ The energy as a service market is extremely competitive with many local and international marketplaces. Product diversity, income growth and opportunities heighten the rivalry in the market. For instance, six months after signing an agreement with ENGIE to incorporate innovative energy efficiency into its manufacturing operations in Ipoh, Malaysia, UAC Berhad, the industry's top producer of fiber cement boards, enhanced its results in energy efficiency for its compressed air system by over 18 percent on electrical costs.
→ Major global energy as a service market companies includes WGL Energy, Engie, Schneider Electric, Siemens AG, Johnson Controls, General Electric, EDF Renewable Energy, Edison, Alpiq and Enel X.
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✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends
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Energy as a service is a swiftly growing and newly developed model that offers various energy related services and provides energy optimization solutions across small, medium and large businesses.
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The List of Companies
• ABB
• Schneider Electric
• Siemens
• Veolia
• Enel X S.r.l.
• WGL Holdings, Inc.
• GENERAL ELECTRIC
• ENGIE Solutions
• Johnson Controls
• Honeywell International Inc.
By Service Type
• Energy Supply Service
• Operation and Maintenance
• Optimization and Efficiency Service
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• Industrial
• Commercial
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