The International Energy Agency (IEA) have conducted an energy efficiency report on the global Energy Service Company (ESCO) market. This survey was conducted in 2018 across 25 countries and has revealed a significant increase in the global ESCO market value.
By looking at ESCOs across the G20 and major emerging economies (Brazil, China, India, Indonesia, Mexico and South Africa), IEA findings reveal that the global ESCO market grew 8% in 2017 to a value of $28.6 billion. However, findings also show that the European ESCO market is significantly underdeveloped in comparison to other regions. Additionally, the IEA survey provides further analysis on the involvement of Energy Performance Contracts, ESCO financial models and policy measures.
To supplement this study, the IEA have referenced some of QualitEE’s market research.