Rising Demand for Renewable Energy and Digitalization to Drive the Energy as a Service (EaaS) Market at a CAGR of 9.05% during the Forecast Period 2025 to 2035

Market Research Future (MRFR) has published a comprehensive research report on the “Energy as a Service (EaaS) Market,” covering the period from 2019 to 2035.

The Energy as a Service (EaaS) Market is estimated to register a CAGR of 9.05% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Energy as a Service (EaaS) Market: NextEra Energy, RWE, General Electric, EDP Renewables, Schneider Electric, Centrica, Honeywell, Wärtsilä, Siemens, Itron, E.ON, Duke Energy, Enel, ENGIE, and Accenture.

Energy as a Service Market Highlights

The Energy as a Service (EaaS) Market was valued at USD 46.26 billion in 2024 and is projected to reach USD 120 billion by 2035, registering a CAGR of 9.05% during the forecast period. The market’s expansion is driven by the rising demand for renewable energy, growing sustainability initiatives, and government policies promoting energy efficiency and emission reduction.

The EaaS model is transforming the global energy sector by offering consumers a flexible, subscription-based approach to managing, optimizing, and generating energy efficiently. Key services such as Energy Management, Demand Response, and Distributed Energy Resource Management are gaining traction as awareness of cost savings and carbon footprint reduction grows.

Technological advancements, including smart grids, IoT-based monitoring systems, and AI-driven analytics, are further reshaping the energy landscape. These solutions enable real-time tracking, predictive maintenance, and enhanced energy performance, driving operational efficiency for industries and municipalities alike.

The market is also benefiting from the global shift toward decentralized, customer-centric energy models that emphasize transparency, digitalization, and sustainability. The Energy Management Services segment alone is expected to grow from USD 15 billion in 2024 to USD 39 billion by 2035, highlighting the strong potential for digital transformation in the energy industry.

Segment Analysis

The Global Energy as a Service (EaaS) Market has been segmented based on Service Type, End User, Energy Source, Solution Type, and Region.

Based on Service Type, the market is segmented into Energy Supply Services, Energy Management Services, Demand Response Services, and Distributed Energy Resource Management Services. Among these, Energy Management Services hold the largest share in 2024, valued at USD 15 billion, and are expected to reach USD 39 billion by 2035, driven by rising corporate demand for sustainable and cost-effective energy operations. Demand Response Services are projected to grow from USD 10 billion in 2024 to USD 25.5 billion by 2035, driven by grid optimization efforts and renewable energy integration.

The market is categorized into Residential, Commercial, Industrial, and Government, based on End User. The Commercial and Industrial sectors dominate due to rising energy costs, decarbonization mandates, and increasing adoption of digital energy management platforms. The Government segment also plays a critical role in driving demand through incentive programs and carbon neutrality goals.

Based on Energy Source, the market is divided into Renewable Energy, Conventional Energy, and Hybrid Energy. Renewable Energy is gaining the highest momentum, supported by favorable policies, corporate sustainability targets, and declining technology costs in solar and wind generation.

The market, by Solution Type, includes Software Solutions, Hardware Solutions, and Integrated Solutions. Software Solutions dominate this category, enabling real-time analytics, monitoring, and automation, while Integrated Solutions—which combine digital and physical infrastructure—are projected to witness rapid adoption as enterprises shift toward end-to-end energy ecosystems.

Regional Analysis

By Region, the Global Energy as a Service (EaaS) Market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America dominated the market in 2024, valued at USD 20 billion, supported by robust renewable energy initiatives, the proliferation of smart grids, and a well-established base of EaaS providers. The U.S. leads the region with strong investments in energy optimization and sustainability programs.

Europe accounted for USD 15 billion in 2024, driven by stringent government regulations promoting energy efficiency and decarbonization. Countries like Germany, France, and the U.K. are actively adopting EaaS models to achieve climate-neutrality goals by 2050.

The Asia-Pacific (APAC) region is projected to record the fastest growth, increasing from USD 6 billion in 2024 to over USD 25 billion by 2035. Rapid industrialization, urbanization, and the adoption of renewable energy in China, India, and Southeast Asia are driving regional expansion.

South America and the Middle East & Africa collectively accounted for USD 5 billion in 2024, with growth driven by infrastructure modernization and diversification of energy sources to reduce dependency on fossil fuels.

Key Findings of the Study

• The Global Energy as a Service Market is projected to reach USD 120 billion by 2035, growing at a CAGR of 9.05% (2025–2035).


• North America dominates the market, while Asia-Pacific is expected to witness the fastest growth.


• Energy Management Services remain the most significant service segment, fueled by corporate sustainability initiatives.


• Renewable Energy leads the energy source segment, driven by global climate commitments.


• NextEra Energy, Siemens, Schneider Electric, ENGIE, and Enel are key players shaping the market through technological innovation, mergers, and strategic partnerships.