The Market for Energy Service Companies Is Expected to Grow from $15 Billion in 2017 to More than $30 Billion in 2026

Related business models and financing structures can help organizations realize sustainability mandates while meeting operational, financial, and human capital goals

A new report from Navigant Research examines the market for energy service companies (ESCOs) across North America, Western Europe, and Asia Pacific, providing forecasts, segmented by region, country, and customer and equipment type, through 2026.

ESCOs, which execute a variety of building energy efficiency services, have been instrumental in providing access to energy efficiency technologies and services in market segments that would not normally be able to consider or afford these types of capital-intensive projects. The energy savings performance contract financing structure, which requires little to no upfront capital and moves the financial risk of the project from the end-use customer to the ESCO, is driving the market forward in mature and maturing regions, particularly for public sector customers, as well as for municipalities, universities, schools, and hospitals. Click to tweet: According to a new report from @NavigantRSRCH, the global ESCO market is expected to grow from $15.0 billion in 2017 to $30.8 billion in 2026.

“Globally, the ESCO business model and the energy performance contract financing structure are emerging as a valuable way for public and private organizations to realize sustainability mandates while meeting operational, financial, and human capital goals,” says Tom Machinchick, principal research analyst with Navigant Research. “Some ESCOs also leverage intelligent digital tools that can tune into new and unique sources of information and add value before, during, and after a performance contracting project is complete.”

According to the report, data captured from existing and new projects has allowed ESCOs to develop sophisticated statistical models to help stakeholders understand building performance and end-use customer operational, maintenance, and comfort issues.

The report, ESCO Market Overview, analyzes the global ESCO market, with a focus on three key regions: North America, Western Europe, and Asia Pacific. The study provides an analysis of market dynamics for the main ESCO customer segments, including market barriers and drivers, regional opportunities and challenges, and the competitive landscape. Global market forecasts, segmented by region, country, and customer and equipment type, extend through 2026. The report also examines the ESCO value chain and financing models. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, ESCO Market Overview, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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