UK Energy Services: Market Forecast 2018-2023
Susan Clarke
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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 areas. Verdantix forecasts that the UK energy services market, across six segments, will grow from £1.4 billion ($1.9 billion) in 2018 to £1.5 billion ($2 billion) by 2023, at a compound annual growth rate of 2%. Spending will be supported by new compliance requirements, the expansion EPC procurement frameworks and vendor innovation that is continuing to open up the mid-market. Energy services suppliers will need to plan for some challenging market dynamics given slow-growing energy prices and high price pressure in some segments. This report helps executives at energy services firms, investors and services partners to understand overall market trends and opportunities to improve business planning.Forecasting The UK Energy Services Market
Compliance Requirements And Expanding EPC Frameworks Will Support Growth Despite Sluggish Energy Prices
Energy Services Firms Will Expand Into Adjacent Segments To Find Growth
Retailers And The Public Sector Continue To Lead Energy Services Spending Levels In 2018
The UK Energy Services Market Will Grow To £1.5 Billion By 2023
Market Participants Need To Plan For Uncertainty Under Brexit And Future Policy Changes
Figure 2. The Customer Base Segmented Into Six Industry Super-Sectors
Figure 3. UK Energy Services Market By Segment 2018-2023 (£m)
Figure 4. UK Energy Services Spend By Industry Group 2018-2023 (£m)
Figure 5. 2018-2023 CAGRs For Energy Services Spending By Segment
Figure 6. 2018-2023 CAGRs For Energy Services Spending By Industry Group
About the Author
Susan Clarke
Research Director
Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace managem...
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