November 18, 2017

Education Will Be the Largest Market for Energy Service Companies in the United States Through 2020, According to Navigant Research
K-12 schools will represent the largest single market, while universities and colleges will be the fastest growing segment

January 31, 2014

Rebounding from a tough two years of slowing growth, the energy service company (ESCO) market in the United States is expected to resume its expansion in the coming years. The primary markets for ESCOs include K-12 schools, state and local governments, universities and colleges, and hospitals. Click to tweet: According to a recent report from Navigant Research, education - combining K-12 and universities/colleges - will be the largest market segment for ESCOs, representing more than $22 billion in cumulative revenue from 2013 through 2020.

'The ESCO market continues to be concentrated in municipalities, universities, schools, and hospitals, known as the 'MUSH' market,' says Eric Bloom, senior research analyst with Navigant Research. 'K-12 schools, which present the largest opportunity for ESCOs, are designed to last for many decades, and many public school buildings in operation today are characterized by out-of-date HVAC, lighting, and control systems that could benefit considerably from system upgrades.'

For facility managers, school boards, mayors' offices, and other K-12 stakeholders, energy is rarely the chief concern. Other priorities, such as teacher salaries and curriculum development, tend to command more attention than energy-related matters. As a result, many ESCOs find that success in the K-12 sector involves the ability to address a wide range of concerns that go beyond energy in facilities, such as replacing roofs and facades and upgrading interior furnishings, according to the report.

The report, 'The U.S. Energy Service Company Market', examines the ESCO market in the United States, detailing drivers and barriers to the deeper penetration of energy efficiency in the U.S. economy. The report covers all ESCO sectors, including municipalities, universities, schools, and hospitals, federal, commercial and industrial, and public housing. Market forecasts for ESCO revenue in the United States, segmented by sector and technology, extend through 2020. The report also analyzes various ESCO financing models and energy efficiency technologies, and profiles key industry players. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, and Smart Buildings sectors. Additional information about Navigant Research can be found at

About Navigant

Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at

* The information contained in this press release concerning the report, 'The U.S. Energy Service Company Market,' is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.