How big is the Electric Service Companies Market?

The Electric Service Companies Market size is expected to reach USD 31.40 billion in 2024 and grow at a CAGR of 7.10% to reach USD 44.20 billion by 2029. Read More

What is the current Electric Service Companies Market size?

In 2024, the Electric Service Companies Market size is expected to reach USD 31.40 billion. Read More

Who are the key players in Electric Service Companies Market?

Eaton Corporation plc, Honeywell International Inc., Schneider Electric SE, Johnson Controls International plc and General Electric Company are the major companies operating in the Electric Service Companies Market. Read More

Which is the fastest growing region in Electric Service Companies Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electric Service Companies Market?

In 2024, the North America accounts for the largest market share in Electric Service Companies Market. Read More

What years does this Electric Service Companies Market cover, and what was the market size in 2023?

In 2023, the Electric Service Companies Market size was estimated at USD 29.17 billion. The report covers the Electric Service Companies Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Service Companies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electric Service Companies (ESCOs) Market Share

Statistics for the 2023 & 2024 Electric Service Companies (ESCOs) market share, created by Mordor Intelligence™ Industry Reports. Electric Service Companies (ESCOs) share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Electric Service Companies (ESCOs) Industry

The Electric Service Companies (ESCOs) market is fragmented, with several major players, such as Eaton Corporation PLC, General Electric Company, Honeywell International Inc., Schneider Electric SE, etc. These market players strive to innovate new products through extensive investments in R&D, collaborations, and mergers to cater to consumers' evolving demands.

In August 2024, Thailand's Ministry of Energy, through its Department of Alternative Energy Development and Efficiency (DEDE), unveiled an energy-saving initiative aimed at public sector agencies. The program is expected to see collaboration between the Metropolitan Electricity Authority (MEA), the Provincial Electricity Authority (PEA), and newly formed private energy service companies (ESCOs) to deliver energy-saving solutions to government entities.
In March 2024, Schneider Electric, a digital transformation of energy management and automation provider, announced its plans to invest INR 3,200 crore (USD 381.19 million) in expanding its industrial footprint in India by 2026. These investments are spread over Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh and Uttarakhand.