A new Leaderboard Report from Guidehouse Insights evaluates the Strategy and Execution of 10 energy service companies (ESCOs), with Schneider Electric, Siemens, and Ameresco ranked as the leading market players.
ESCOs are facing increased pressure to respond to changing consumer expectations and the competitive landscape associated with emerging turnkey energy as a service (EaaS) offerings. 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. Click to tweet: According to a new Leaderboard report from @WeAreGHInsights, Schneider Electric, Siemens, and Ameresco are the leading ESCOs.
“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,” says Sasha Wedekind, research analyst with 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.”
According to the report, the ESCO market is highly mature. Most players in the market offer robust capabilities across HVAC, mechanical equipment, building envelope, building automation, water, and a variety of renewable technologies, such as solar, wind, and biomass in addition to energy storage, microgrids, and other DER solutions. 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.
The report, Guidehouse Insights Leaderboard: Energy Service Companies, ranks 10 leading ESCO market incumbents on their ability to innovate and increase technology and financing options available to clients, through ESPCs and other contracting mechanisms. Guidehouse Insights uses a proprietary Leaderboard methodology to profile, rate, and rank ESCOs with the goal of providing an objective assessment of their relative strengths and weaknesses in the ESCO market. These players are rated on 10 criteria: vision; go-to-market strategy; partnerships; technology; geographic reach; sales, marketing, and distribution; depth of ESCO offerings; project portfolio; financing; and staying power. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Energy Service Companies, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.