This growth will be driven in part by the expansion of ESCO offerings to encompass a suite of energy-efficient services and products, including a greater focus on renewable energy, demand side management, and high-efficiency lighting.
Several major categories of industry players are currently competing within the market: building equipment manufacturers, utility-affiliated ESCOs, architectural and engineering companies, and independent ESCOs.
However, according to the Pike Research’s study, ‘The US Energy Service Company Market’, which analyzes the framework for rapid growth in this market, with forecasts that include base case and growth scenarios through 2020, ESCO industry is now in the midst of a transformative period following which building equipment manufacturers will emerge as the winner of the market share battle.
The report examines the commercial buildings market by end-use, identifying the opportunities for ESCOs and highlighting key industry drivers.
Jevan Fox, a research analyst of Pike Research, said: “ESCO industry consolidation over the past several years has reshaped the competitive landscape.
“With federal energy service performance contracts in particular, a smaller number of players represent an increasingly larger portion of the total market.
“This leadership position will be critically important as ESCOs expand their presence beyond the institutional and federal sectors, and into the private commercial building market.”
