North America Energy as a Service (EaaS) Market Size to Reach $87.9 Billion by 2035

North America energy as a service (EaaS) market size reached $31.7 billion in 2025 and is projected to expand to $87.9 billion by 2035, growing at a CAGR of 10.8% during the forecast period (2026–2035). Market growth is supported by increasing demand for decarbonization, rising distributed energy adoption, and corporate focus on operational cost optimization.

Browse the full report description of “North America Energy as a Service (EaaS) Market Size, Share & Trends Analysis Report by Type (Power Generation Services, Operational and Maintenance Services, and Others) by End-User (Commercial, Industrial, and Others), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/north-america-energy-as-a-service-eaas-market

Key Market Drivers

• Rising adoption of distributed energy resources across commercial and industrial facilities.
  • Corporate decarbonization targets driving outsourced energy solutions.
  • Increasing energy price volatility encouraging long-term service contracts.
  • Expansion of on-site renewable generation and storage systems.
  • Growing demand for energy efficiency upgrades in aging infrastructure.

Regional Analysis

North America represents a mature and expanding market for energy as a service solutions, supported by policy incentives and strong private-sector participation. The United States accounts for the largest share, driven by federal tax credits for renewable energy, state-level clean energy mandates, and corporate sustainability commitments. Industrial and commercial customers increasingly adopt EaaS models to avoid upfront capital expenditure while improving energy resilience and reliability. Canada is also experiencing steady growth, supported by national climate targets and provincial programs promoting electrification, energy efficiency, and low-carbon infrastructure. Canadian municipalities and industrial operators are deploying EaaS contracts to modernize energy systems, integrate renewables, and manage long-term operating costs.

Competitive Landscape

Key companies operating in the North America energy as a service (EaaS) market include Ameresco, Inc., Honeywell International Inc., Johnson Controls International plc, NextEra Energy, Inc., Duke Energy Corporation, Enphase Energy, Inc., and Bloom Energy Corporation. These companies operate in project development, distributed energy deployment, energy efficiency retrofits, microgrid integration, and long-term performance-based service contracts. Market competition is shaped by the ability to combine renewable generation, battery storage, digital energy management platforms, and financing models under service-based agreements. Strategic focus remains on subscription-style energy delivery, resiliency solutions, decarbonization programs, and grid-interactive infrastructure across commercial, industrial, and municipal end users in the United States and Canada.

Recent Market Developments

• In October 2025, Ameresco, Inc. secured a $197 million Energy Savings Performance Contract (ESPC) with the U.S. Naval Research Laboratory to modernize critical energy infrastructure. The project includes upgrades to steam generation and distribution, chilled water systems, LED lighting, and deployment of SCADA technology for real-time monitoring, and is expected to deliver more than $362 million in savings over a 21-year period.

• In March 2025, Honeywell and Verizon Business announced connected smart meters with 5G capabilities. These meters provide remote utility management, real-time energy usage data, and resiliency improvements, supporting grid reliability and enabling enhanced EaaS delivery through data-driven energy optimization.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2024
• Forecast period- 2026-2035
• Segment Covered-
  • By type
  • By end user
• Region Covered-
  • North America

Competitive Landscape- Ameresco, Inc., Honeywell International Inc., Johnson Controls International plc, NextEra Energy, Inc., Duke Energy Corporation, Enphase Energy, Inc., and Bloom Energy Corporation.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

North America Energy as a Service (EaaS) Market Report Segment

By type

• Power Generation Services
• Operational and Maintenance Services
• Energy Efficiency and Optimization Services

By end user

• Commercial
• Industrial
• Others (Government)

North America Energy as a Service (EaaS) Market Report Segment by Region

• United States
• Canada

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