Power Generation Services to Dominate the Europe Energy as a Service Market During the Forecast Period
Government
projects and increased spending on infrastructure projects to drive the Europe
Energy as a Service market growth in the forecast period.
According to TechSci Research report, “Europe Energy as a Service Market
- By Region, Competition Forecast & Opportunities, 2018-2028F”
the Europe Energy as a Service Market is expected to register a robust
CAGR during the forecast period 2024-2028. Energy as a Service (EaaS) is defined as a service provider that
provides customer access to energy and management services through a contract
with an organization with no associated upfront costs. Customers pay only for
ongoing service, avoiding infrastructure and device fees, similar to the
software-as-a-service model. These services are specifically tailored to the
client's goals, such as reducing energy consumption, increasing sustainability
and improving bottom line. Energy as a Service also provides flexibility for
customer choices regarding pricing and ownership. It also helps operators
customize power generation projects based on customers' varying power
requirements, both robust and modern. The service also enables easy and fast
integration of energy storage systems into distributed generation systems. The European market is driven through the support of governmental and institutional political frameworks for the implementation of green energy solutions and the critical installation of power generation technologies in various locations. Germany, UK and Italy are some of the major contributors to the Energy as a Service market. Additionally, increased investments and plans to strengthen and expand grid infrastructure networks to support the growing number of renewable energy installations are projected to continue driving business forward.
As the population grows, energy demand and energy conservation are becoming
essential for long-term sustainability. Private companies, with government support,
are focusing on the commercial segment to expand their services in the future. EaaS provide complete management of energy resources and services.
By pooling customer resources into one large smart energy community, the EaaS
provider can consolidate markets, provide predictable load balancing, and
update the grid in multiple ways.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Europe Energy as a Service Market"
The Europe Energy as a
Service Market is segmented into service type and end user. Based on service
type, the market is divided into Power
Generation Services, Energy Efficiency & Optimization Services, and Operational
& Maintenance Services. During the projected period, the Power
Generation Services is expected to dominate the market in the
forecast period of 2024-2028. Consumers are looking for reliable power supplies
that can work reliably off-grid as prices rise. Additionally, the
Energy-as-a-Service model primarily supports renewable energy due to its low
cost, low carbon footprint, high energy efficiency, and environmental
friendliness. This is because renewable energy is gaining attention as a
variety of energy sources, including biomass, renewable energy, fossil fuels, nuclear
power, and biofuels.
Based on end user, the market is segmented
into Commercial and Industrial. During the projected
period, the commercial segment is expected to dominate the market in the
forecast period of 2024-2028. Services offered by EaaS companies that conserve
energy or provide electricity for different needs, are included in commercial
spaces. EaaS providers offer a variety of technology and software solutions to
help businesses understand their electricity consumption patterns. The
commercial sector is expected to have the largest market share and fastest
growing market due to the implementation of energy services required by
business sectors, worldwide. This is mainly due to significant structural
impacts, especially economic expansion. Additionally, Energy as a Service
provides commercial users with access to energy efficiency and helps reduce
energy consumption.
Based on region, UK is
expected to dominate the market in the forecast period of 2024-2028. The UK government announced
in April 2021 that it will cut emissions by 78% by 2035. This is 15 years ahead
of their 2050 net-zero target. If the UK hits this target, it will be one of
the first countries to achieve this cut. The UK made this commitment ahead of
COP 26 to demonstrate its commitment to net zero target. The government has set
this target to encourage businesses to track their carbon footprint and to plan
for their emissions to help the UK meet their 2050 target.
Key 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.
Download Free Sample Report
Customers can also request for 10% free customization on this report.
"With increasing awareness for renewable
resources, Europe is trying saving to save energy by implementing new policies
and coming with alternatives and also becoming an example for others.
Automation has greatly helped the Energy as a Service
(EaaS) market to grow.
UK is expected to be the dominant region during the forecast period due to
their target of reducing emissions by the year 2035 till 78%. " said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Europe Energy as a Service Market By
Service Type (Power Generation Services, Energy
Efficiency & Optimization Services, Operational & Maintenance Services),
By End User (Commercial, Industrial), By Region, Competition Forecast & Opportunities,
2018-2028F,” has evaluated the future growth potential
of Europe Energy as a Service Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
Europe Energy as a Service Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com