Featuring Schneider Electric, Engie, Siemens, Veolia, Enel X, Alpiq, Enertika, Orsted, Blackstone Energy, Carbon Lighthouse – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Europe Energy as a Service Market By Service Type, By End User By Region, Competition Forecast & Opportunities, 2018-2028” report has been added to ResearchAndMarkets.com’s offering.
Europe Energy as a Service market is anticipated to register an impressive growth rate to 2028
In the power sector, a service business model based on energy (commonly called energy as a service) provides energy services, such as lighting, to customers for a recurring fee. Customers can benefit from using their devices while parallelly benefiting from paying direct electricity bills, avoiding expensive appliance and software upgrades or device services. Similar to service models in other sectors, EaaS makes better technology (such as energy devices and software) more accessible, potentially benefiting consumers, service companies, the power grid, and society at large.
Although the term Energy-as-a-Service has historically been used primarily to describe business models related to energy efficiency, it also covers other business models used in the energy sector that are unrelated to energy efficiency, such as Solar Energy Subscriptions.
According to the Energy Information Administration (EIA), renewable energy will account for more than half of the world’s electricity generation by 2050. Global energy consumption is expected to increase as the world’s population and urbanization rate increase. EaaS has historically created value not just for customers but for society as well.
Market Drivers
Extensive research into renewables is lowering the cost of installing climate-neutral systems. Photovoltaic, wind, and marine energy sources are becoming reliable sources, and their energy share is gaining significant importance. The combination of large batteries allows energy to be stored during lower demand periods and released during peak demand.
The Internet of Things and Cloud Computing are some of the innovations that make it possible to integrate renewable and traditional energy, collect and measure large amounts of data, and automate complicated supply processes. With numerous data sets, IoT for surveillance, and continuous logging, the energy sector can only achieve efficiencies by embracing digitization. Regulating energy consumption using demand response algorithms or subscription models for EV chargers are all stepping stones into the world of energy as a service, thus propelling the market to grow during the forecast period.
The adoption of microgrid technology in various industries is boosting market growth due to its ability to generate electricity using solar and wind energy. Increasing adoption of distributed energy resources (DER) in emerging markets is also a major driver of market growth due to their energy efficiency and cost efficiency. In addition, DER reduces emissions intensity and power system expansion costs, improves reliability, and supports revenue growth.
Additionally, there are significant applications in rooftop solar power systems, biomass generators, electric vehicles, and microturbines, which are expected to drive the market.
Latest Developments in Europe Energy as a Service Market
DIF Capital Partners (“DIF”), the world’s leading independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, acquired Bernhard, LLC (“Bernhard”), the largest privately owned Energy-as-a-Service ) (“EaaS”) is a US solutions company, a subsidiary of Bernhard Capital Partners in the year 2021.
ENGIE signed a 3-year agreement with GOOGLE for a 24*7 carbon-free energy supply agreement in Germany. This 3-year deal is a part of Google’s 2030 Carbon-Free Energy initiative for its data centers, cloud regions, and offices all over the globe. This will ensure that Google’s German operations are nearly 80% carbon-free by 2030.
Lack of Skilled Labors & Investment Restraining the Market Growth
Replacing conventional energy sources with renewable energy sources requires huge investments to install smart grids and devices, which may hinder market growth. Moreover, the installation of such smart grids requires appropriate skills and knowledge. Lack of skilled labor is also one of the major factors restraining the growth of the market.
In addition, the transportation of raw materials required to manufacture electronic components has caused supply chain disruptions due to strict government regulations. Additionally, many industrial and commercial sectors have closed, leading to a collapse in energy demand.
Market Segmentation
Europe Energy as a Service market is segmented into service type and end user. Based on Service Type, the market is bifurcated into Power Generation Services, Energy Efficiency & Optimization Services, and Operational & Maintenance Services. On the basis of End Users, the market is bifurcated into Commercial and Industrial.
Market Players
Major market players in the Europe Energy as a Service market are Schneider Electric SE, Engie SA, Siemens AG, Veolia Environment SA, Enel X, Alpiq AG, Enertika Ltd., Orsted AS, Blackstone Energy Services Inc., Carbon Lighthouse Inc.
Report Scope:
In this report, Europe Energy as a Service Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Europe Energy as a Service Market, By Service Type:
- Power Generation Services
- Energy Efficiency & Optimization Services
- Operational & Maintenance Services
Europe Energy as a Service Market, By End User:
- Commercial
- Industrial
Europe Energy as a Service Market, By Region:
- United Kingdom
- France
- Germany
- Italy
- Spain
- Russia
- Finland
- Ireland
- Sweden
- Netherlands
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Europe Energy as a Service market.
Available Customizations:
Europe Energy as a Service With the given market data, the publisher offers customizations according to a company’s specific needs.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 Europe Energy as a Service Market
4. Executive Summary
5. Voice of Customers
5.1. Factors Influencing Purchase Decision
5.2. Challenges/Issues Faced Post Purchase
5.3. Future Purchase Planning Product Awareness
6. Europe Energy as a Service Market Overview
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Service Type (Power Generation Services, Energy Efficiency & Optimization Services, Operational & Maintenance Services)
6.2.2. By End User (Commercial, Industrial)
6.2.3. By Region
6.2.4. By Company (2022)
6.3. Market Map
7. Germany Energy as a Service Market Overview
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Service Type
7.2.2. By End User
8. France Energy as a Service Market Overview
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Service Type
8.2.2. By End User
9. United Kingdom Energy as a Service Market Overview
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Service Type
9.2.2. By End User
10. Italy Energy as a Service Market Overview
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Service Type
10.2.2. By End User
11. Spain Energy as a Service Market Overview
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Service Type
11.2.2. By End User
12. Russia Energy as a Service Market Overview
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Service Type
12.2.2. By End User
13. Finland Energy as a Service Market Overview
13.1. Market Size & Forecast
13.1.1. By Value
13.2. Market Share & Forecast
13.2.1. By Service Type
13.2.2. By End User
14. Ireland Energy as a Service Market Overview
14.1. Market Size & Forecast
14.1.1. By Value
14.2. Market Share & Forecast
14.2.1. By Service Type
14.2.2. By End User
15. Sweden Energy as a Service Market Overview
15.1. Market Size & Forecast
15.1.1. By Value
15.2. Market Share & Forecast
15.2.1. By Service Type
15.2.2. By End User
16. Netherlands Energy as a Service Market Overview
16.1. Market Size & Forecast
16.1.1. By Value
16.2. Market Share & Forecast
16.2.1. By Service Type
16.2.2. By End User
17. Market Dynamics
17.1. Drivers
17.1.1. Use of renewable sources
17.1.2. Increasing use of Cloud Computing
17.1.3. Increasing adoption of distributed energy resources (DER)
17.2. Challenges
17.2.1. Lack of skilled labors & investment restraining the market growth
18. Market Trends & Developments
18.1. Acquisition of Bernhard, LLC
18.2. Engie agreement with Google
19. Company Profiles
19.1. Schneider Electric SE
19.1.1. Business Overview
19.1.2. Key Revenue and Financials (If available)
19.1.3. Recent Developments
19.1.4. Key Personnel
19.1.5. Key Product/Services
19.2. Engie SA
19.2.1. Business Overview
19.2.2. Key Revenue and Financials (If available)
19.2.3. Recent Developments
19.2.4. Key Personnel
19.2.5. Key Product/Services
19.3. Siemens AG
19.3.1. Business Overview
19.3.2. Key Revenue and Financials (If available)
19.3.3. Recent Developments
19.3.4. Key Personnel
19.3.5. Key Product/Services
19.4. Veolia Environment SA
19.4.1. Business Overview
19.4.2. Key Revenue and Financials (If available)
19.4.3. Recent Developments
19.4.4. Key Personnel
19.4.5. Key Product/Services
19.5. Enel X
19.5.1. Business Overview
19.5.2. Key Revenue and Financials (If available)
19.5.3. Recent Developments
19.5.4. Key Personnel
19.5.5. Key Product/Services
19.6. Alpiq AG
19.6.1. Business Overview
19.6.2. Key Revenue and Financials (If available)
19.6.3. Recent Developments
19.6.4. Key Personnel
19.6.5. Key Product/Services
19.7. Enertika Ltd.
19.7.1. Business Overview
19.7.2. Key Revenue and Financials (If available)
19.7.3. Recent Developments
19.7.4. Key Personnel
19.7.5. Key Product/Services
19.8. Orsted AS
19.8.1. Business Overview
19.8.2. Key Revenue and Financials (If available)
19.8.3. Recent Developments
19.8.4. Key Personnel
19.8.5. Key Product/Services
19.9. Blackstone Energy Services Inc
19.9.1. Business Overview
19.9.2. Key Revenue and Financials (If available)
19.9.3. Recent Developments
19.9.4. Key Personnel
19.9.5. Key Product/Services
19.10. Carbon Lighthouse Inc.
19.10.1. Business Overview
19.10.2. Key Revenue and Financials (If available)
19.10.3. Recent Developments
19.10.4. Key Personnel
19.10.5. Key Product/Services
20. Strategic Recommendations
20.1. Key focus on Segment
20.1.1. More focused on Power Generation Services
20.1.2. More focused on Commercial segment
21. About the Publisher & Disclaimer
A selection of companies mentioned in this report includes
- Schneider Electric SE
- Engie SA
- Siemens AG
- Veolia Environment SA
- Enel X
- Alpiq AG
- Enertika Ltd
- Orsted AS
For more information about this report visit https://www.researchandmarkets.com/r/b7nb1n
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