Energy ESO market is anticipated to grow at a CAGR of 24.2% during the forecast period (2023-2030). Energy engineering offerings outsourcing (ESO) refers to the strategic practice of entrusting specialized energy engineering tasks and duties to external service providers or organizations. these duties encompass a broad spectrum of activities, which includes, energy audits and assessments, energy-efficient system design and implementation, energy management and optimization, renewable energy integration, and energy sustainability planning.

In April 2022, Britain announced that it will launch a publicly-owned system operator to take over some of the responsibilities of the National Grid and help the country meet its net zero emissions climate target. Britain is striving to reach net zero emissions by 2050, a goal that will require a huge increase in renewable electricity, much greater use of electric vehicles and a change in the way Britons heat their homes. Most currently rely on natural gas.

Segmental Outlook 

The global Energy ESO market is segmented on the service, location, and energy source. Based on the service, the market is sub-segmented into R&D and designing, structuring & layout, digitization, and implementation & maintenance. based on location, the market is sub-segmented into onshore and offshore. And based on the energy source, the market is sub-segmented into renewable, non-renewable, and chemical processing. Among the location, the Onshore sub-segment is anticipated to hold a considerable share of the market, owing to concerns regarding information security and privacy. Onshore services include the offerings provided to an OEM by an ESO vendor operating in its home country. Demographic factors such as language, communication, and working in the same time zone are expected to significantly contribute to the dominance of the onshore segment. 

In February 2023, SolarEdge Technologies, Inc. announced the launch of its first Battery Virtual Power Plant supporting Great Britain’s National Grid ESO Demand Flexibility Service. The service is available to thousands of SolarEdge Home Battery owners across Great Britain with eligible smart meters, that are now able to earn financial incentives utilizing their stored battery energy during DFS peak demand events, which will be used to stabilize the grid.

The Non-Renewable Sub-Segment is Anticipated to Hold a Considerable Share of the Global Energy ESO Market

Among the energy source, the non-renewable sub-segment is expected to hold a considerable share of the global Energy ESO market. This segmental growth is attributed to non-renewable power plants, can substantially benefit from ESO services geared closer to decreasing emissions. These services involve a thorough analysis of combustion processes, the identification of cleaner fuel options, and the implementation of superior emission manage technologies. These efforts are lined with world initiatives to fight air pollution and tackle climate change. 

Regional Outlook

The global Energy ESO market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia pacific is anticipated to hold a prominent share of the market across the globe, owing to increasing demand for distributed energy resources and growing importance of energy storage. Moreover, increasing investments in clean energy sources are also expected to drive the growth of the energy ESO market in the region.

Global Energy ESO Market Growth, by Region 2023-2030

The European Region is Expected to Grow at a Significant CAGR in the Global Energy ESO Market

Among all regions, the European regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to several factors such as, increasing demand for renewable energy resources, and growing digitization in the energy sector. hence, the market players are continuously working on strategic development such as, merger, acquisition, adding innovation and partnership to stay competitive in the market.  For instance, In June 2023, Grain LNG, Europe's largest LNG terminal, announced the initiation of a market auction process for 375 GWh/d (approximately 9 mtpa) of existing capacity. This offering is specifically tailored for entities interested in acquiring a significant share in a major terminal in Northwest Europe. Compared to new-build projects, this opportunity provides advantages such as reduced costs and shorter contract durations.

Market Players Outlook

The major companies serving the Energy ESO market include Capgemini Engineering (Altran), Cubic Corp, Cyient Ltd., ESI Group, Luxoft Holding, Inc., Mott MacDonald, QUEST GLOBAL, Rilco Engineering Services, Segula Technologies, SemcomMott Macdonald, Total Outsource Inc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, GE Digital announced that its long-term partner National Grid Electricity System Operator (ESO) has successfully implemented GE Digital's innovative Effective Inertia Metering & Forecasting solution across the electricity network in Great Britain. By leveraging GE Digital's advanced technology, National Grid ESO can effectively manage the complexities of the electricity network and ensure a reliable power supply to consumers.

The Report Covers

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Energy ESO market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.