UK Energy Services: Market Forecast 2017-2022

Published 7 December 2017 by Susan Clarke
Energy Management Facilities Management Smart Buildings Market Size & Forecast

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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 2017 to £1.5 billion by 2022, at a compound annual growth rate of 1.5%. Across the forecast period, the retail sector will continue to lead spending, reflecting a high engagement with the energy management agenda. The public sector will maintain investment levels through energy performance contracts as NHS trusts look to tackle challenges with backlogs in building maintenance. Our analysis finds that during the forecast period, the market will be shaped by softly growing energy prices, limited energy efficiency policies and mounting price pressure on commoditized services. 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 2017-2022
Forecasting The UK Energy Services Market
Energy Services Market Will See Lacklustre Growth Amidst Commoditisation And Price Pressure
Retailers And The Public Sector Will Contribute Most To Energy Services Spend In 2017
The UK Energy Services Market Will Grow To £1.5 Billion By 2022 

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 2017-2022 (£m)
Figure 4. UK Energy Services Spend By Industry Group 2017-2022 (£m)
Figure 5. 2017-2022 CAGRs For Energy Services Spending By Segment
Figure 6. 2017-2022 CAGRs For Energy Services Spending By Industry Group

Organisations mentioned

BMSi, British Gas, Carbon and Energy Fund, Carbon Credentials, Cynergin, Department of Business, Energy & Industrial Strategy, E.ON, ESG, Gloucestershire Royal Hospital, Ignite Energy, Imtech Low Carbon Solutions, Interserve, Love Energy Savings, Matrix, Mitie, Morecambe Bay NHS Foundation, NHS, RE:FIT, Schneider Electric, Siemens, Sheffield Children’s Hospital, SSE, Stark, Utilitywise, Veolia, Vital Energi, WHSmith.

About the author

Susan Clarke

Principal Analyst

Susan is a Principal Analyst in the Verdantix Real Estate, Energy and Facilities Optimization Practice. Her current research agenda focuses on integrated solutions for real estate management and energy services. Susan has eight years of experience in technology research. She holds a MSc from the University of London in Sustainable Development.

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