Europe Energy Storage As A Service Market Size, Share & Trends Analysis Report By End Use (Industrial, Residential & Commercial and Utility), By Service, By Country and Growth Forecast, 2024

List of Tables

The Europe Energy Storage As A Service Market would witness market growth of 10.2% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Energy Storage As A Service Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $199 million by 2031. The UK market is exhibiting a CAGR of 9.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11% during (2024 - 2031).

ESaaS finds applications across multiple sectors, including commercial and industrial enterprises, utilities, residential consumers, and microgrids. Each sector utilizes energy storage differently to improve energy efficiency, enhance grid stability, and optimize electricity costs. Businesses with high energy consumption benefit significantly from ESaaS solutions. By leveraging stored energy during peak demand hours, businesses can reduce electricity costs associated with demand charges. Industrial facilities and data centers utilize ESaaS to provide uninterrupted power during outages. Many commercial buildings pair energy storage with solar PV systems to enhance energy independence and sustainability.

Utility companies increasingly use energy storage to enhance grid reliability and balance electricity supply and demand. ESaaS helps manage grid frequency and voltage fluctuations, improving overall stability. Stored energy can be deployed during peak demand periods, reducing grid stress. Utilities use ESaaS for frequency regulation, voltage support, and spinning reserves.

The steady increase in European households, reaching 26.1 million in 2020 (+5.7%), along with the rise in mean equivalized net income to EUR 19,528 in 2019 (+7.2% over the 2010-2019 period), is fueling demand for cost-effective energy solutions. With more households consuming electricity for heating, cooling, and EV charging, the need for efficient energy storage solutions is growing. ESaaS enables homeowners to store excess energy during off-peak hours and use it when demand spikes, reducing electricity costs. In conclusion, the EU's massive investment in energy-efficient housing, social housing projects, and rising household numbers is accelerating the demand for ESaaS.

Based on End Use, the market is segmented into Industrial, Residential & Commercial and Utility. Based on Service, the market is segmented into Customer Energy Management Services, Ancillary Services, Bulk Energy Services, Transmission Infrastructure Services, Distribution Infrastructure Services, and Other Service. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

Siemens Energy AG
Veolia Environnement S.A.
Honeywell International Inc.
Tesla, Inc.
NextEra Energy, Inc.
Generac Holdings, Inc.
Engie SA
Customized Energy Solutions Ltd.
SREIL Energy
Hydrostor Inc.

Europe Energy Storage As A Service Market Report Segmentation

By End Use

Industrial, Residential & Commercial
Utility

By Service

Customer Energy Management Services
Ancillary Services
Bulk Energy Services
Transmission Infrastructure Services
Distribution Infrastructure Services
Other Service

By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Energy Storage As A Service Market, by End Use
- 1.4.2 Europe Energy Storage As A Service Market, by Service
- 1.4.3 Europe Energy Storage As A Service Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Energy Storage As A Service Market.
4.3 Porter Five Forces Analysis

Chapter 5. Europe Energy Storage As A Service Market by End Use

5.1 Europe Industrial, Residential & Commercial Market by Country
5.2 Europe Utility Market by Country

Chapter 6. Europe Energy Storage As A Service Market by Service

6.1 Europe Customer Energy Management Services Market by Country
6.2 Europe Ancillary Services Market by Country
6.3 Europe Bulk Energy Services Market by Country
6.4 Europe Transmission Infrastructure Services Market by Country
6.5 Europe Distribution Infrastructure Services Market by Country
6.6 Europe Other Service Market by Country

Chapter 7. Europe Energy Storage As A Service Market by Country

7.1 Germany Energy Storage As A Service Market
- 7.1.1 Germany Energy Storage As A Service Market by End Use
- 7.1.2 Germany Energy Storage As A Service Market by Service
7.2 UK Energy Storage As A Service Market
- 7.2.1 UK Energy Storage As A Service Market by End Use
- 7.2.2 UK Energy Storage As A Service Market by Service
7.3 France Energy Storage As A Service Market
- 7.3.1 France Energy Storage As A Service Market by End Use
- 7.3.2 France Energy Storage As A Service Market by Service
7.4 Russia Energy Storage As A Service Market
- 7.4.1 Russia Energy Storage As A Service Market by End Use
- 7.4.2 Russia Energy Storage As A Service Market by Service
7.5 Spain Energy Storage As A Service Market
- 7.5.1 Spain Energy Storage As A Service Market by End Use
- 7.5.2 Spain Energy Storage As A Service Market by Service
7.6 Italy Energy Storage As A Service Market
- 7.6.1 Italy Energy Storage As A Service Market by End Use
- 7.6.2 Italy Energy Storage As A Service Market by Service
7.7 Rest of Europe Energy Storage As A Service Market
- 7.7.1 Rest of Europe Energy Storage As A Service Market by End Use
- 7.7.2 Rest of Europe Energy Storage As A Service Market by Service

Chapter 8. Company Profiles

8.1 Siemens Energy AG
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
  - 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.6 SWOT Analysis
8.2 Veolia Environnement S.A.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
  - 8.2.5.1 Acquisition and Mergers:
- 8.2.6 SWOT Analysis
8.3 Honeywell International, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
  - 8.3.5.1 Partnerships, Collaborations, and Agreements:
  - 8.3.5.2 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
8.4 Tesla, Inc.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
8.5 NextEra Energy, Inc.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental Analysis
- 8.5.4 Recent strategies and developments:
  - 8.5.4.1 Partnerships, Collaborations, and Agreements:
8.6 Generac Holdings, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 Recent strategies and developments:
  - 8.6.5.1 Acquisition and Mergers:
- 8.6.6 SWOT Analysis
8.7 Engie SA
- 8.7.1 Company Overview
8.8 Customized Energy Solutions Ltd.
- 8.8.1 Company Overview
8.9 SREIL Energy
- 8.9.1 Company Overview
8.10. Hydrostor Inc.
- 8.10.1 Company Overview

LIST OF TABLES

TABLE 1 Europe Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 2 Europe Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 3 Europe Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 4 Europe Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 5 Europe Industrial, Residential & Commercial Market by Country, 2020 - 2023, USD Million
TABLE 6 Europe Industrial, Residential & Commercial Market by Country, 2024 - 2031, USD Million
TABLE 7 Europe Utility Market by Country, 2020 - 2023, USD Million
TABLE 8 Europe Utility Market by Country, 2024 - 2031, USD Million
TABLE 9 Europe Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 10 Europe Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 11 Europe Customer Energy Management Services Market by Country, 2020 - 2023, USD Million
TABLE 12 Europe Customer Energy Management Services Market by Country, 2024 - 2031, USD Million
TABLE 13 Europe Ancillary Services Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Ancillary Services Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Bulk Energy Services Market by Country, 2020 - 2023, USD Million
TABLE 16 Europe Bulk Energy Services Market by Country, 2024 - 2031, USD Million
TABLE 17 Europe Transmission Infrastructure Services Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Transmission Infrastructure Services Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Distribution Infrastructure Services Market by Country, 2020 - 2023, USD Million
TABLE 20 Europe Distribution Infrastructure Services Market by Country, 2024 - 2031, USD Million
TABLE 21 Europe Other Service Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Other Service Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Energy Storage As A Service Market by Country, 2020 - 2023, USD Million
TABLE 24 Europe Energy Storage As A Service Market by Country, 2024 - 2031, USD Million
TABLE 25 Germany Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 26 Germany Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 27 Germany Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 28 Germany Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 29 Germany Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 30 Germany Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 31 UK Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 32 UK Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 33 UK Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 34 UK Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 35 UK Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 36 UK Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 37 France Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 38 France Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 39 France Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 40 France Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 41 France Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 42 France Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 43 Russia Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 44 Russia Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 45 Russia Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 46 Russia Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 47 Russia Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 48 Russia Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 49 Spain Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 50 Spain Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 51 Spain Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 52 Spain Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 53 Spain Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 54 Spain Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 55 Italy Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 56 Italy Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 57 Italy Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 58 Italy Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 59 Italy Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 60 Italy Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 61 Rest of Europe Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 62 Rest of Europe Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 63 Rest of Europe Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 64 Rest of Europe Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 65 Rest of Europe Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 66 Rest of Europe Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 67 Key Information - Siemens Energy AG
TABLE 68 Key Information - Veolia Environnement S.A.
TABLE 69 Key Information - Honeywell International, Inc.
TABLE 70 key Information - Tesla, Inc.
TABLE 71 Key Information - NextEra Energy, Inc.
TABLE 72 Key Information - Generac Holdings, INC.
TABLE 73 Key Information - Engie SA
TABLE 74 Key Information - Customized Energy Solutions Ltd.
TABLE 75 Key Information - SREIL Energy
TABLE 76 Key Information - Hydrostor Inc.

LIST OF FIGURES

FIG 1 Methodology for the research
FIG 2 Europe Energy Storage As A Service Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Energy Storage As A Service Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter's Five Forces Analysis - Energy Storage As A Service Market
FIG 6 Europe Energy Storage As A Service Market share by End Use, 2023
FIG 7 Europe Energy Storage As A Service Market share by End Use, 2031
FIG 8 Europe Energy Storage As A Service Market by End Use, 2020 - 2031, USD Million
FIG 9 Europe Energy Storage As A Service Market share by Service, 2023
FIG 10 Europe Energy Storage As A Service Market share by Service, 2031
FIG 11 Europe Energy Storage As A Service Market by Service, 2020 - 2031, USD Million
FIG 12 Europe Energy Storage As A Service Market share by Country, 2023
FIG 13 Europe Energy Storage As A Service Market share by Country, 2031
FIG 14 Europe Energy Storage As A Service Market by Country, 2020 - 2031, USD Million
FIG 15 SWOT Analysis: Siemens Energy AG
FIG 16 SWOT Analysis: Veolia Environnement S.A.
FIG 17 Recent strategies and developments: Honeywell international, inc.
FIG 18 SWOT Analysis: Honeywell international, inc.
FIG 19 SWOT Analysis: Tesla, Inc.
FIG 20 SWOT Analysis: Generac Holdings, Inc.

Europe Energy Storage As A Service Market Size, Share & Trends Analysis Report By End Use (Industrial, Residential & Commercial and Utility), By Service, By Country and Growth Forecast, 2024 - 2031

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