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11:15 | 14.11.2017
Navigant Research Expects the Market for Energy Service Companies to Grow from $15 Billion in 2017 to More than $30 Billion in 2026

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.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at 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.View source version on businesswire.com: http://www.businesswire.com/news/home/20171114005505/en/


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