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Europe Residential Energy as a Service (EaaS) Market Trends

Report ID: GMI9503
Published Date: May 2024
Report Format: PDF

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Europe Residential Energy as a Service Market Trends

Rising strategic alliances among key players to enable access to complementary expertise, technologies, and financing mechanisms, facilitating the development and deployment of integrated solutions to address customer needs effectively will lead to market expansion. Additionally, growing investments in enhancing the customer experience and engagement throughout the entire lifecycle, thereby expanding the target audience, will stimulate the product penetration.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Europe residential energy as a service (EaaS) industry size was worth USD 2.3 billion in 2023 and will grow at a 9.7% CAGR between 2024 and 2032, driven by the increasing awareness and adoption of sustainable energy solutions, the convenience of outsourcing energy management and the potential for long-term cost savings.

The operational and maintenance services segment will surpass USD 2.4 billion by 2032, primarily due to the increasing complexity of energy systems and the need for hassle-free management.

France residential energy as a service (EaaS) industry will exceed USD 0.4 billion by 2032, propelled by its strong commitment to renewable energy transition and ambitious sustainability targets.

Some of the key Europe residential energy as a service market players are Edison Energy, ENGIE Impact, GridX.Inc, Honeywell International Inc, Johnson Controls, Schneider Electric, Siemens AG, and WGL Energy, among others.