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North America Energy Saving and Performance Contracting Growth Opportunities

EnvironmentNorth America Energy Saving and Performance Contracting Growth Opportunities

Energy Efficiency Policies to Create Growth Pipeline for Resilient Building and Clean Energy Strategies

RELEASE DATE
01-Nov-2023
REGION
North America
Deliverable Type
Market Research
Research Code: PF5F-01-00-00-00
SKU: EN_2023_274
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EN_2023_274

North America Energy Saving and Performance Contracting Growth Opportunities
Published on: 01-Nov-2023 | SKU: EN_2023_274

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Description

Buildings are becoming more energy-intensive and with features like electric vehicle charging adding to the existing load, the need to reduce energy consumption acquires an even greater importance. Energy saving and performance contracting (ESPC) is one way to achieve energy efficiency. In that sense, North America has been the second-largest market behind China for ESPC.

The North American ESPC market witnessed a drop in its growth rate in 2021 and 2022. This can be attributed to the policy changes in the US government and delayed legislation in Canada. The public sector was the most affected but the decline in growth rate was offset by huge investments in the industrial and commercial segments, which focused on improving the standards and safety of buildings after COVID.

Frost & Sullivan estimates that the market will grow by 5.9% between 2022 and 2028. Key growth drivers in the North American ESPC market include aging infrastructure needing upgrades, rising electricity costs, rising fossil fuel usage, building 2030 and 2050 energy targets to achieve net zero energy buildings, and financing options that reduce the capital expenditure burden on customers. Growth restraints include irregular policy changes, reduced government funding for public projects, contractual complexities, and project delays due to external factors such as supply chain disruptions, delays in approvals, and natural calamities.

This study segments the market based on customer sector and energy conservation measures. By customer sector, the study analyzes federal, state/municipal, K-12 schools, tertiary education (universities), healthcare, public housing, and industrial and commercial. By energy conservation measure, the study analyzes lighting, heating, ventilation, and air conditioning (HVAC); building automation and controls (BACs); building envelope, water conservation, renewable energy, and others (including CHP and microgrids).

Reformation of energy efficiency policies, analytical platforms that complement hardware solutions, and a focus on health and well-being inside buildings along with energy efficiency will be critical to the future growth prospects of this market.

Author: Dennis Marcell Victor

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the North American Energy Savings and Performance Contracting Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Scope of Analysis (continued)

Market Segmentation

Market Segmentation (continued)

Key Competitors

Key Competitors (continued)

Global Energy Efficiency Investments

Financing for Energy Efficiency Projects

Global Status of Building Energy Codes in 2022

Measures Improving Energy Efficiency in Buildings

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Country

Revenue Forecast Analysis

Revenue Forecast by Contract Type

Revenue Forecast Analysis by Contract Type

Revenue Forecast Analysis by Contract Type (continued)

Revenue Forecast by Customer Sector

Revenue Forecast by ECM

Revenue Forecast Analysis by Customer Sector and ECM

Competitive Environment

Revenue Share of Top Participants

Revenue Share Analysis

Revenue Share Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Customer Sector

Revenue Forecast by ECM

Revenue Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Customer Sector

Revenue Forecast by ECM

Revenue Forecast Analysis

Growth Opportunity 1: Energy-efficiency Regulatory Policy Reform

Growth Opportunity 1: Energy-efficiency Regulatory Policy Reform (continued)

Growth Opportunity 2: Analytics and Software Platforms to Complement Hardware Oriented Energy Contracts

Growth Opportunity 2: Analytics and Software Platforms to Complement Hardware Oriented Energy Contracts (continued)

Growth Opportunity 3: Efficiency-as-a-service for Smaller Energy Savings and Performance Projects

Growth Opportunity 3: Efficiency-as-a-service for Smaller Energy Savings and Performance Projects (continued)

Growth Opportunity 4: Combining Health and Wellness Offerings with Existing Building Solutions

Growth Opportunity 4: Combining Health and Wellness Offerings with Existing Building Solutions (continued)

List of Companies in ‘Others’

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts
List of Figures
  • Investment in Energy Efficiency, Electrification, and Renewables for End Uses by Sector, Global, 2022
  • Investment Spending on Energy Efficiency and Electrification by Region, Global, 2022
  • Status of Building Energy Codes, Global, 2022
  • Factors Contributing to Energy Efficiency Improvement in Buildings, Global, 2022
  • Energy Service and Performance Contracting Market: Growth Metrics, North America, 2022–2028
  • ESPC Market: Growth Drivers, North America, 2023–2028
  • ESPC Market: Growth Restraints, North America, 2023–2028
  • ESPC: Revenue Forecast, North America, 2020–2028
  • ESPC: Revenue Forecast by Country, North America, 2020–2028
  • ESPC: Revenue Forecast by Contract Type, North America, 2020–2028
  • Government Investment in Energy Efficiency and Renewable Energy, By Funding Mechanism, United States, 2015–2022
  • ESPC: Revenue Forecast by Customer Sector, North America, 2020–2028
  • ESPC: Revenue Forecast by ECM, North America, 2020–2028
  • ESPC: Competitive Environment, North America, 2022
  • ESPC: Revenue Share of Top Participants, North America, 2022
  • EPC: Growth Metrics, North America, 2022
  • EPC: Revenue Forecast, North America, 2020–2028
  • EPC: Revenue Forecast by Customer Sector, North America, 2020–2028
  • EPC: Revenue Forecast by ECM, North America, 2020–2028
  • ESC: Growth Metrics, North America, 2022
  • ESC: Revenue Forecast, North America, 2020–2028
  • ESC: Revenue Forecast by Customer Sector, North America, 2020–2028
  • ESC: Revenue Forecast by ECM, North America, 2020-2028
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Buildings are becoming more energy-intensive and with features like electric vehicle charging adding to the existing load, the need to reduce energy consumption acquires an even greater importance. Energy saving and performance contracting (ESPC) is one way to achieve energy efficiency. In that sense, North America has been the second-largest market behind China for ESPC. The North American ESPC market witnessed a drop in its growth rate in 2021 and 2022. This can be attributed to the policy changes in the US government and delayed legislation in Canada. The public sector was the most affected but the decline in growth rate was offset by huge investments in the industrial and commercial segments, which focused on improving the standards and safety of buildings after COVID. Frost & Sullivan estimates that the market will grow by 5.9% between 2022 and 2028. Key growth drivers in the North American ESPC market include aging infrastructure needing upgrades, rising electricity costs, rising fossil fuel usage, building 2030 and 2050 energy targets to achieve net zero energy buildings, and financing options that reduce the capital expenditure burden on customers. Growth restraints include irregular policy changes, reduced government funding for public projects, contractual complexities, and project delays due to external factors such as supply chain disruptions, delays in approvals, and natural calamities. This study segments the market based on customer sector and energy conservation measures. By customer sector, the study analyzes federal, state/municipal, K-12 schools, tertiary education (universities), healthcare, public housing, and industrial and commercial. By energy conservation measure, the study analyzes lighting, heating, ventilation, and air conditioning (HVAC); building automation and controls (BACs); building envelope, water conservation, renewable energy, and others (including CHP and microgrids). Reformation of energy efficiency policies, analytical platforms that complement hardware solutions, and a focus on health and well-being inside buildings along with energy efficiency will be critical to the future growth prospects of this market. Author: Dennis Marcell Victor
More Information
Deliverable Type Market Research
Author Dennis Marcell Victor
Industries Environment
No Index No
Is Prebook No
Keyword 1 Energy Saving Market Research
Keyword 2 Performance Contracting Trends
Keyword 3 North America Energy Efficiency Reports
List of Charts and Figures Investment in Energy Efficiency, Electrification, and Renewables for End Uses by Sector, Global, 2022~ Investment Spending on Energy Efficiency and Electrification by Region, Global, 2022~ Status of Building Energy Codes, Global, 2022~ Factors Contributing to Energy Efficiency Improvement in Buildings, Global, 2022~ Energy Service and Performance Contracting Market: Growth Metrics, North America, 2022–2028~ ESPC Market: Growth Drivers, North America, 2023–2028~ ESPC Market: Growth Restraints, North America, 2023–2028~ ESPC: Revenue Forecast, North America, 2020–2028~ ESPC: Revenue Forecast by Country, North America, 2020–2028~ ESPC: Revenue Forecast by Contract Type, North America, 2020–2028~ Government Investment in Energy Efficiency and Renewable Energy, By Funding Mechanism, United States, 2015–2022~ ESPC: Revenue Forecast by Customer Sector, North America, 2020–2028~ ESPC: Revenue Forecast by ECM, North America, 2020–2028~ ESPC: Competitive Environment, North America, 2022~ ESPC: Revenue Share of Top Participants, North America, 2022~ EPC: Growth Metrics, North America, 2022~ EPC: Revenue Forecast, North America, 2020–2028~ EPC: Revenue Forecast by Customer Sector, North America, 2020–2028~ EPC: Revenue Forecast by ECM, North America, 2020–2028~ ESC: Growth Metrics, North America, 2022~ ESC: Revenue Forecast, North America, 2020–2028~ ESC: Revenue Forecast by Customer Sector, North America, 2020–2028~ ESC: Revenue Forecast by ECM, North America, 2020-2028~
Podcast No
WIP Number PF5F-01-00-00-00