Energy as a Service Market Overview
Energy as a service (EaaS) refers to the business model where energy providers offer end-to-end services and energy management solutions on a subscription basis rather than just commoditized electricity or fuel supply. EaaS enables organizations to achieve energy efficiency, cost savings, and meet sustainability goals through data-driven insights. The energy as a service market industry is projected to grow from USD 74.03 Billion in 2023 to USD 125.54 billion by 2030.
Key EaaS Companies
Schneider Electric, Engie, Veolia, Enel X, EDF Renewable Energy, General Electric, Siemens, WGL Energy, Edison Energy, SmartWatt, Ameresco, and Carbon Lighthouse are the leading EaaS providers. These companies offer customized subscription services for energy optimization, procurement, supply, and management.
Strategic partnerships, mergers & acquisitions, and new service launches are major growth strategies adopted by EaaS companies to enhance technical capabilities and expand customer base. In Nov 2021, Schneider Electric acquired Operation Technology, Inc. to boost software and services for energy management and sustainability.