energy services
Image credit: Stock

Siemens together with Schneider Electric and Ameresco have been named leading energy services companies by Guidehouse Insights.

After exploring how 10 energy services global market vendors are executing their business, the three have been identified as the ones leading in innovating technology & financing options for comprehensive energy management, infrastructure upgrades, decarbonisation, and other customer needs.

Sasha Wedekind, a research analyst with Guidehouse Insights, said: “These companies are innovating technology and financing options within and outside of energy savings performance contract (ESPC) structures to address growing customer interest in comprehensive energy management, infrastructure upgrades, decarbonization, and other beyond energy efficiency solutions.

Read more about:
Siemens
Guidehouse Insights

“While traditional ESPCs are not expected to go away anytime soon, it will be harder for ESCOs that do not evolve to meet new customer expectations and trends to maintain market share and achieve growth.”

Energy service companies are facing increased pressure to respond to changing consumer expectations and the competitive landscape associated with emerging turnkey energy as a service offerings, according to Guidehouse Insights.

These market forces are widening the gap between ESCO market leaders and other companies as some ESCOs innovate in beyond efficiency solutions while others play catch-up in terms of developing comprehensive, integrated technology and financing capabilities.

The energy services market is highly mature and many market participants are highly skilled at managing risk and have historically offered comparable capabilities serving a traditional set of customers, such as educational institutions and local governments.

Click here for more information about leading companies within the energy services market.