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UK Energy Services: Market Forecast 2016-2021

Date: 29 September 2016

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12 pages

EXECUTIVE SUMMARY

The UK energy services market is very broad, incorporating a wide range of service lines – from simple energy audits to energy management propositions that cover multiple service lines. Verdantix forecasts that the UK energy services market, across six segments, will grow from £1.4 billion in 2016 to £1.5 billion by 2021, at a compound annual growth rate of 2%. Across the forecast period the retail sector and public sector will continue to lead spending, reflecting a high engagement with the energy management agenda across these sectors. Our analysis finds that during the forecast period, the market will be shaped by weakening policy support for energy efficiency, softly growing customer budgets for energy management, and electricity prices that will grow in the medium term. This report helps energy services providers, partners and investors forecast revenue streams, define sales and marketing strategies, and budget accordingly.

TABLE OF CONTENTS

UK Energy Services: Market Forecast 2016-2021
Forecasting The UK Energy Services Market
Market Sizing And Forecasting Approach
UK Energy Services Market Will Total £1.4 Billion In 2016
Energy Efficiency Project Implementation Will Be The Focus Of Spend In 2016
Retailers And Public Sectors Will Contribute Most To Energy Services Spend In 2016

Future Spend Will Be Constrained By Softly Growing Energy Prices And Uncertain Policies
Forecasting The UK Energy Services Market

TABLE OF FIGURES

Figure 1. Definitions Of Energy Services Spend Areas
Figure 2. The Customer Base Segmented Into Six Industry Super-Sectors
Figure 3. UK Energy Services Market By Segment 2016-2021 (£m)
Figure 4. UK Energy Services Spend By Industry Group 2016-2021 (£m)
Figure 5. 2016-2021 CAGRs For Energy Services Spending By Segment
Figure 6. 2016-2021 CAGRs For Energy Services Spending By Industry Group

ORGANIZATIONS MENTIONED

Ameresco, BT, Buckinghamshire County Council, Carbon and Energy Fund, Carbon Credentials, Department for Energy and Climate Change, Department Of Business, Energy and Industrial Strategy, E.ON, EE, ENGIE, ESG, European Union, Greater London Authority, IMF, Marks & Spencer, Matrix, RE:FIT, Sainsbury’s, Schneider Electric, Siemens, SSE, Tesco, University of Oxford, Utilitywise, Vodafone