The global EaaS market is estimated to grow at a significant CAGR during the forecast period. Mergers and acquisitions and partnerships as a strategy allow providers of EaaS model to expand their reach and offerings across regions. With the increasing focus to reduce energy consumption, several industries and commercials have shifted towards energy-efficient models that can contribute to increase their energy savings while reducing the carbon footprint. EaaS allows the management of energy consumption while using remotely controlled intelligent devices, which in turn, enables to minimize load during peak demand hours. As a result, the energy service providers are looking forward EaaS as an area of opportunistic growth that can support to expand their global reach, as well as market share. Some crucial strategies reported in the market include-
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- In December 2019, RWE Renewables declared a partnership with Schneider Electric’s NEO Network, a community of organizations that advance cost-effective and reliable cleantech and renewable energy and solutions across the globe. Under the partnership, Schneider Electric will support RWE on its expansion activities for renewable energy and will offer performance optimization services. With NEO Network, RWE Renewables will increase their effectiveness in the power purchase agreements (PPA) market for European corporate, as well as favorable services to considerably advance transactions related to renewable energy.
- In September 2019, Honeywell International entered into an agreement with NRStor C&I L.P. for the introduction of Experion Energy Program. Under the agreement, both the companies will develop and operate 300 MW of renewable battery energy storage systems across North America from early 2020. These systems will be operated remotely and offer customers with saving on electricity costs, improved resiliency and sustainability. Along with NRStor, Honeywell is looking forward to make their industrial operations more efficient and sustainable across North America.
- In June 2019, Centrica plc acquired SmartWatt, a provider of energy services and solutions. With this acquisition, Centrica will enhance its footprint in the US and deliver augmented capabilities to fulfil the rising customers need for integrated energy solutions. This will further accelerate the company’s integrated energy solutions for businesses and other major energy users by incorporating a variety of commercial options and distributed energy technologies to improve cost management and performance, strengthen resilience, and drive sustainability.
- In December 2018, Enel X and Infracapital entered into a partnership agreement for the introduction of a platform designed for energy efficiency projects for industrial and commercial in Italy. This collaboration will enable Enel X to continuously work towards its growth strategy for innovative energy efficiency solutions in Italy. The company’s objective is to leverage this business model across the globe, providing advanced technological services that are tailored as per the requirement of all potential customers.
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Global EaaS Market- Segmentation
By Type
- Power Generation Services
- Operational and Maintenance Services
- Energy Efficiency and Optimization Services
By End-User
- Commercial
- Industrial
- Others (Government)
Global EaaS Market– Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Bernhard
- Blackstone Energy Services Inc.
- Carbon Lighthouse Inc.
- Centrica plc
- ON SE
- EDF Trading Ltd.
- Edison International
- Enel X s.r.l.
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