Report Description

Europe Energy as a Service market is anticipated to register an impressive CAGR during the forecast period. 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 service. 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 the 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 steppingstones 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 the 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 micro turbines, 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 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 the 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, 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.

 


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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 User, 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.

Attribute

Details

Base Year

2022

Historic Data

2018– 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Service Type

End User

Country scope

United Kingdom, France, Germany, Italy, Spain, Russia, Finland, Ireland, Sweden, Netherlands

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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:

o   Power Generation Services

o   Energy Efficiency & Optimization Services

o   Operational & Maintenance Services

·         Europe Energy as a Service Market, By End User:

o   Commercial

o   Industrial

·         Europe Energy as a Service Market, By Country:

o   United Kingdom

o   France

o   Germany

o   Italy

o   Spain

o   Russia

o   Finland

o   Ireland

o   Sweden

o   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, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players.

The Europe Energy as a Service market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 Europe Energy as a Service Market

4.    Executive Summary

5.    Voice of Customers

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 Country

6.3.  By Company (2022)

6.4.  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

17.2.   Challenges

18. Market Trends & Developments

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

21. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Energy as a Service (EaaS) is defined as a service provider that provides the customers, access to energy and management services through a contract with an organization with no associated upfront costs.

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Electric cars, Motion sensor faucets, Energy-efficient windows and LED light bulbs are some of the inventions to save energy.

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Major market players in the Europe Energy as a Service Market 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.

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Leading segments in the Europe Energy as a Service Market are Service Type and End User.

profile

Parvati Sharma

Account Manager BD
Press Release

Power Generation Services to Dominate the Europe Energy as a Service Market During the Forecast Period

Jan, 2023

Government projects and increased spending on infrastructure projects to drive the Europe Energy as a Service market growth in the forecast period.