Energy As A Service Market 2021 Outlook and Future Growth Opportunities: Schneider Electric SE, Engie SA, Honeywell International Inc, Veolia Environnement SA, Electricite de France (EDF) SA, Johnson Controls International PLC

Energy As A Service Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Energy As A Service market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The energy as a service market is expected to grow at a CAGR of around 5.5% during the forecast period. 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Energy As A Service Market: Schneider Electric SE, Engie SA, Honeywell International Inc, Veolia Environnement SA, Electricite de France (EDF) SA, Johnson Controls International PLC, Bernhard, Enel SpA, and Spark Community Investment Co. and others.

Industry News and Updates:

Schneider Electric and Huck Capital Launch ‘Energy-as-a-Service’ Microgrids for the Mass Market

August 18, 2020: The past decade has seen an evolution in the microgrid market aimed at bringing the benefits of emergency backup generation — and in some cases, the clean-energy value of solar and batteries — to a class of customers that can’t afford the complex, site-specific engineered systems of the past. 

“Modular microgrids,” built around standard technology platforms like fossil-fueled generators, combined-heat-and-power systems or battery-backed solar systems, and offering customers low-cost, long-term contracts for the energy and resiliency they provide, have been an important step in expanding the potential market. Now leading microgrid developer Schneider Electric and “sustainable energy” private equity investor Huck Capital are expanding this concept, with an “energy-as-a-service” provider of microgrids for small and medium-sized commercial and industrial (C&I) buildings.

The new company, GreenStruxure, which has received lead investment from Inclusive Capital Partners' Spring Fund, promises to offer no-money-down solar, battery and on-site generation systems of up to 5 megawatts. (The partners plan to roll out the name of the service in the next four to six weeks.) Customers will pay them off via long-term power-purchase agreements for energy that’s cheaper than what they can get from their utility or the competitive energy market.

Engie reorganises into four business units, creates EQUANS

July 1 2021- Engie SA’s (EPA:ENGI) new organisational structure is now in place as of July 1, consisting of four global business units and a newly created entity, called EQUANS, the French energy company announced on Wednesday.

Engie unveiled plans to simplify its structure in May along with an intention to boost renewables investments, increasing its installed capacity in renewables to 50 GW by 2025 and 80 GW by 2030.

The four units, reflecting the company’s core businesses are Renewables, Energy Solutions, Networks and Thermal & Supply.

Engie has also created EQUANS, previously known under the project name "Bright", as an autonomous entity within the group. EQUANS is set up as a multi-technical service provider with expertise in the areas of electrical, HVAC (heating, ventilation, and air conditioning), cooling, mechanical, digital and IT, and facility management that will support customers in their energy, industrial and digital transitions. It has 74,000 employees across 17 countries and an annual turnover of more than EUR 12 billion (USD 14.3bn).

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Market Overview:

- With a significant number of commercial spaces available and high consumption of electricity during 2019, it is expected that the commercial segment is likely to dominate the market during the forecast period.

- Energy as a service concept is still at its nascent stage, especially in developing nations, but in developed nations; the service is on-demand. Various industries, such as metal or fabrication companies, have opted for the service so that it can reduce its operating expenses for energy consumption. Developing nations with high consumption of energy is likely to have ample opportunity for such a market. Countries like India, which have a huge population and have a large number of industries, consuming nearly 42% of the total electricity consumption in 2018, can be an opportunity for such service, where conservation of electricity is on a top priority of the DISCOM companies/government due to its emphasis on reduction of operating expenses.

- North America is expected to witness significant growth during the forecast period, with the majority of the demand coming from the United States.

Commercial Segment to Dominate the Market

- The commercial segment includes the services that are provided by an Energy as a Service (EaaS) company to conserve energy or electricity on multiple uses. EaaS company offers various technical and software solutions through which the company understands the pattern of electricity consumption.
- Energy is used across various sectors, but the commercial is one of the significant segments that use a high amount of energy to operate district heating facilities and electrical applicants.
- Most existing technologies burn fossil fuels and emit carbon dioxide. With electricity consumption increasing in the commercial sector, fossil fuel consumption to generate electricity is also likely to increase. The commercial sector's adoption of EaaS is expected to reduce electricity consumption from fossil fuels and would thereby help meet emission targets necessary to avoid severe climatic change.
- Sparkfund, an EaaS company, backed by leading utility company Royal Dutch Shell, is one of the prominent companies that provide bundled energy services, including EaaS, to various commercial spaces in the United States.
- With a growing population, energy requirement, energy conservation, is essential to maintain its sustainability for a longer duration. Private entities, with government support, are concentrating on the commercial segment to expand its services in the near future.

North America to Witness Significant Growth

- North America is one of the prominent regions to have implemented EaaS in various sectors. Especially in the commercial industry, the region has adopted various projects that are expected to increase energy efficiency and would help to cut down its operating expenses.
- The United States has inducted a pay-for-performance approach to achieve energy efficiency. It is estimated that the approach can help to cut down energy consumption by nearly 15%. This approach in the country has created an opportunity for various energy or utility company to extend a service line that can provide services to save electricity.
- For instance, in California, energy efficiency policies have mandated that at least 60% of the savings achieved in obligation schemes need to be delivered by third-party service providers. Thus, such measurement in the region is likely to help the market growth during the forecast period.
- Subscription of the services in two prominent hotels of Miami, the Aloft Miami Doral, and The Element Miami Doral is an example of the service in the region. It is estimated that the hotels would cut down its energy expenses by near USD 89000 per year.    

Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Energy As A Service market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Energy As A Service market deployed in the region. While an important piece of the Energy As A Service market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Energy As A Service market: Where are the opportunities? What does the future look like for Energy As A Service? What will be the market size in the next 5 years?
Energy As A Service Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Energy As A Service market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Energy As A Service market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

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