Pike Research Report Estimates ESCO Market at $5.1 Billion

Craig DiLouie March 1, 2012

The energy service company (ESCO) market for energy efficiency project installations and services exceeded $5.1 billion in 2011, according to a new report by Pike Research. This market is expected to continue to grow faster than the domestic economy and reach $16 billion in sales by 2020.

This Pike Research report describes the continuing evolution of the ESCO market, detailing drivers and barriers to deeper penetration of energy efficiency in the U.S. economy. The study focuses on the role that performance contracting is playing as a vehicle for financing efficiency projects for public entities that face budget and credit limitations, as well as the convergence of new technologies and service offerings into traditional energy conservation projects. Key industry players are profiled in depth and market forecasts extend through 2020.

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