Market overview
The global energy efficiency services market is worth USD 85.6 bn in 2026 and is forecast to reach USD 168 bn by 2036, growing at a 7.0% CAGR. United States is the largest country market and Retrofits and upgrades is the largest by service segment.
| Scope | Revenue from energy audits, efficiency retrofits, performance contracting and energy-service company projects that cut energy use in buildings and industry. |
|---|---|
| Industry | Services and Utilities |
| Value 2025 | USD 80.0 bn |
| Value 2026 | USD 85.6 bn |
| Value 2036 | USD 168 bn |
| CAGR 2026-2036 | 7.0% |
| Volume 2026 | 274 thousand projects |
| Volume 2036 | 465 thousand projects |
| Average price 2026 | USD 312,300 per project |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Energy Efficiency Services market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 85.6 bn |
| 2027 | USD 91.6 bn |
| 2028 | USD 98.0 bn |
| 2029 | USD 105 bn |
| 2030 | USD 112 bn |
| 2031 | USD 120 bn |
| 2032 | USD 128 bn |
| 2033 | USD 137 bn |
| 2034 | USD 147 bn |
| 2035 | USD 157 bn |
| 2036 | USD 168 bn |
Energy Efficiency Services market segmentation
By service
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Retrofits and upgrades | 44.0% | 41.1% | USD 37.7 bn | 6.3% |
| Energy performance contracting | 24.0% | 24.6% | USD 20.5 bn | 7.3% |
| Audits and consulting | 12.0% | 10.7% | USD 10.3 bn | 5.8% |
| Monitoring and optimisation services | 20.0% | 23.6% | USD 17.1 bn | 8.8% |
By customer
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Commercial buildings | 30.0% | 29.6% | USD 25.7 bn | 6.9% |
| Industrial | 30.0% | 29.6% | USD 25.7 bn | 6.9% |
| Public sector | 24.0% | 22.6% | USD 20.5 bn | 6.4% |
| Residential | 16.0% | 18.2% | USD 13.7 bn | 8.4% |
By measure
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Lighting | 18.0% | 13.0% | USD 15.4 bn | 3.6% |
| HVAC and heat pumps | 34.0% | 36.0% | USD 29.1 bn | 7.6% |
| Building envelope and insulation | 22.0% | 22.0% | USD 18.8 bn | 7.0% |
| Motors and industrial drives | 15.0% | 15.0% | USD 12.8 bn | 7.0% |
| Controls and automation | 11.0% | 14.0% | USD 9.4 bn | 9.6% |
By funding model
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Customer-funded | 44.0% | 39.0% | USD 37.7 bn | 5.7% |
| Utility programme-funded | 21.0% | 19.0% | USD 18.0 bn | 5.9% |
| Third-party financed | 35.0% | 42.0% | USD 30.0 bn | 9.0% |
By project size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Under USD 1 million | 31.0% | 27.0% | USD 26.5 bn | 5.5% |
| USD 1 to 10 million | 44.0% | 43.0% | USD 37.7 bn | 6.8% |
| Over USD 10 million | 25.0% | 30.0% | USD 21.4 bn | 9.0% |
Top 25 countries for energy efficiency services by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 82.5% of 2026 revenue and the 25 countries below together hold 94.8%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 25.7 bn | 30.0% | USD 48.3 bn | 6.5% |
| 2 | China | USD 18.8 bn | 22.0% | USD 38.9 bn | 7.5% |
| 3 | Germany | USD 5.1 bn | 6.0% | USD 9.6 bn | 6.5% |
| 4 | Japan | USD 4.3 bn | 5.0% | USD 7.7 bn | 6.1% |
| 5 | France | USD 3.4 bn | 4.0% | USD 6.4 bn | 6.5% |
| 6 | United Kingdom | USD 3.4 bn | 4.0% | USD 6.4 bn | 6.5% |
| 7 | India | USD 3.0 bn | 3.5% | USD 8.6 bn | 11.1% |
| 8 | Italy | USD 2.6 bn | 3.0% | USD 4.9 bn | 6.6% |
| 9 | South Korea | USD 2.1 bn | 2.5% | USD 4.2 bn | 7.0% |
| 10 | Canada | USD 2.1 bn | 2.5% | USD 4.0 bn | 6.6% |
| 11 | Spain | USD 2.0 bn | 2.4% | USD 3.9 bn | 6.6% |
| 12 | Australia | USD 1.7 bn | 1.9% | USD 3.1 bn | 6.5% |
| 13 | Netherlands | USD 1.4 bn | 1.6% | USD 2.6 bn | 6.6% |
| 14 | Brazil | USD 1.1 bn | 1.3% | USD 2.5 bn | 8.7% |
| 15 | Mexico | USD 899 mn | 1.1% | USD 2.1 bn | 8.7% |
| 16 | Sweden | USD 728 mn | 0.8% | USD 1.4 bn | 6.6% |
| 17 | Poland | USD 599 mn | 0.7% | USD 1.1 bn | 6.5% |
| 18 | Turkey | USD 488 mn | 0.6% | USD 1.1 bn | 8.7% |
| 19 | Belgium | USD 394 mn | 0.5% | USD 758 mn | 6.8% |
| 20 | Switzerland | USD 325 mn | 0.4% | USD 606 mn | 6.4% |
| 21 | Austria | USD 265 mn | 0.3% | USD 505 mn | 6.7% |
| 22 | Denmark | USD 214 mn | 0.2% | USD 404 mn | 6.6% |
| 23 | Russia | USD 171 mn | 0.2% | USD 286 mn | 5.3% |
| 24 | Saudi Arabia | USD 146 mn | 0.2% | USD 337 mn | 8.8% |
| 25 | Indonesia | USD 120 mn | 0.1% | USD 303 mn | 9.7% |
| Rest of world | USD 4.5 bn | 5.2% | USD 8.3 bn | 6.4% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Johnson Controls
- Siemens
- Schneider Electric
- Honeywell
- Trane Technologies
- Engie
- Carrier Global
- ABB
Group 2: Regional and specialist players
- Ameresco
- Veolia
- Willdan Group
- CLEAResult
- Dalkia
- NORESCO
- ICF
- Enel X
- Bureau Veritas
- DNV
Group 3: Emerging and niche players
- Bright Power
- Entegrity
- Energy Efficiency Services Limited
- Resource Innovations
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the energy efficiency services market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 7.0% is calculated from the resulting values.
The market is divided by service, by customer, by measure, by funding model, by project size. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the energy efficiency services market?
The global energy efficiency services market is estimated at USD 80.0 bn in 2025 and USD 85.6 bn in 2026.
How fast will the energy efficiency services market grow?
It is forecast to reach USD 168 bn by 2036, a compound annual growth rate of 7.0% from 2026, an increase of USD 82.8 bn.
Which country is the largest market for energy efficiency services?
United States is the largest market by revenue at USD 25.7 bn in 2026, 30.0% of the global total. The three largest countries together hold 58.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 11.1% a year from 2026 to 2036.
Which energy efficiency services segment is largest?
In the by service split, Retrofits and upgrades is the largest segment with 44.0% of 2026 revenue.
Who are the leading energy efficiency services companies?
Global leaders include Johnson Controls, Siemens, Schneider Electric, Honeywell.
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