Europe Energy as a Service Market

The Europe energy as a service market is projected to reach USD 28.99 billion by 2030 from USD 15.31 billion in 2024, registering a CAGR of 11.2% during the forecast period (2024–2030). Energy as a service (EaaS) is the process in which customers pay for energy services by means of subscription or pay-per-use, rather than installing energy infrastructure. This provides businesses and consumers access to renewable energy generation, energy efficiency upgrades, and energy management systems without the need for ownership and maintenance. The mounting adoption of renewable energy sources, the advances in smart grid technologies, and the reliance on data-driven decision-making for energy management contribute to the regional market growth.

Key players in the Europe energy as a service market include Johnson Controls (Ireland), ENGIE (France), Schneider Electric (France), Siemens (Germany), and Ameresco (US). These companies adopt growth strategies, such as investments, expansions, contracts, and agreements, to increase their product portfolios and expand their business.

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For instance, in October 2024, ENGIE partnered with OCP Group, headquartered in Morocco, to accelerate OCP’s energy transition in Morocco. The partnership focuses on developing an integrated energy ecosystem for OCP Group, encompassing renewable energy generation, storage, and efficient utilization.

Schneider Electric (France)

Schneider Electric is one of the leaders in the digital transformation of energy management and automation. The company specializes in industrial automation, energy management, digital automation, sustainability, innovation, digitalization, artificial intelligence, engineering, cybersecurity, and renewables. It also focuses on digital supply chain, electrification, power systems and services, microgrids, solar and energy storage, and software-centric automation & solutions. The EcoStruxure digital platform, the company’s EaaS portfolio, energy management tools, and financing-led EaaS models based on the global service scale contribute to its growth in the market. It focuses on outcome-based contracts, increasing ongoing digital services, and partnerships. Besides, its EaaS products are in line with customers’ sustainability and decarbonization targets.

ENGIE (France)

ENGIE is one of the leading suppliers of EaaS in Europe, providing integrated low-carbon energy solutions that include on-site generation, energy efficiency upgrades, heating and cooling utility services, renewable energy supply, and long-term performance contracting. The company offers energy-efficient devices to customers and guarantees them the lowest possible cost through a scheme where the customer only pays for what they use. It commits to being the supplier of choice for companies looking to decarbonize without capital expenditure through its high-end and innovative capabilities in district energy networks, on-site utilities, and digital performance management. Its European strategy is centered around providing turnkey EAAS packages that encompass everything from engineering and financing to optimization and lifecycle asset management, thus helping clients in their journey toward the zero-carbon target.

Related Reports:

Europe Energy as a Service (EaaS) Market by Type (Energy Supply Services, Operational & Maintenance Services, Energy Efficiency & Optimization Services) and End User (Industrial, Commercial) - Trends and Forecast to 2030

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