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Energy Service Company Market Overview by Navigant Research

The energy service company (ESCO) industry in the United States follows a modest revenue growth trajectory generated by the business of implementing comprehensive facility upgrades. Europe is expected to be the first key international market for the largest U.S. ESCOs. Although ESCOs have faced obstacles in developing markets outside the United States, a tipping point is nearing and momentum is expected in the mid- and long-term. According to Navigant Research, the U.S. ESCO market is expected grow from $6.3 billion in 2015 to $11.5 billion in 2024, while ESCO revenue in Europe is projected to grow from $2.7 billion to $3.1 billion. This Navigant Research report assesses the ESCO market for energy performance contracts (EPCs).