About Energy Performance Contracting
Energy performance contracting (EPC) has been commonly regarded as a critical and valuable energy conservation mechanism in urban development, under which an energy service company (ESCO) provides an energy-saving service to the energy user (EU) and shares the energy cost saving with EUs together.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Energy Performance Contracting is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Energy Performance Contracting market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABM Inc. (Hong Kong), AECOM (United States), Ainsworth (United States), Ameresco (United States), Brady Corporation (United States), Brewer-Garrett Co (United States), Burns & McDonnell (United States), Climatec (India), Consolidated Edison (United States) and Constellation NewEnergy Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Engie (France), Harshaw Trane (United States), Honeywell International Inc. (United States), Johnson Controls International plc (United States) and Lutron Electronics, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Energy Performance Contracting market by and Region.
On the basis of geography, the market of Energy Performance Contracting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Combined Heat and Power (CHP) will boost the Energy Performance Contracting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Contract Model, the sub-segment i.e. Guaranteed Savings Model, will boost the Energy Performance Contracting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Industrial will boost the Energy Performance Contracting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness Pertaining to the Need of Every Conservation and Higher Return of Investment in a Longer Run
Market Growth Drivers:
High Adoption Due To Liberalization and Restructuring of the Electricity and Gas Markets and Initiatives Taken By Public and Private Sectors In Accordance With Climate Change
Challenges:
Lack of Awareness about Energy Performance Contracting from Underdeveloped Economies
Restraints:
Lack of Commercially Sustainable Projects across the Global Market and Comparatively Capital Intensive Businesses Leading to Hinder the Business Growth
Opportunities:
Huge Demand Due to Government Support and Legislations for Performance Contracting and Increased Investment for Renewable Sources of Energy Such as Solar Power
Market Leaders and their expansionary development strategies
In February 2021, The H2020 project AmBIENCe has introduced the novel concept of Active Energy Performance Contracting (AEPC), which looks to harness a building’s energy performance potential by incorporating flexibility and demand response in addition to energy efficiency measures, under one energy performance contract.
Key Target Audience
Energy Performance Contracting Service Providers, Energy Performance Contracting Service Vendors, Performance Contracting Industry Associations, Research and Development Institutes, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.