The Europe Energy ESO Market would witness market growth of 17.4% CAGR during the forecast period (2023-2030).
Energy ESO represents a strategic evolution from the traditional role of grid operators. It encompasses advanced technologies, real-time data analytics, and innovative control mechanisms that empower operators to manage electricity flows efficiently, balance supply and demand, and ensure the overall reliability of the grid. The adoption of these ESO is not just a response to technological trends; it is necessary in a world where the energy landscape is profoundly transforming.
The application of these ESO solutions extends across the entire electricity value chain, offering a holistic approach to grid management. Among the principal applications is the grid integration of renewable energy sources. The intermittent nature of these sources poses challenges in maintaining grid stability. These ESO technologies are pivotal in forecasting, scheduling, and dynamically adjusting the grid to accommodate these fluctuations.
As per the data provided by the Government of the United Kingdom in 2022, the transportation revolution in the United Kingdom is firmly established. This is evidenced by the 74,677 electric vehicle registrations that have been recorded in the north of England by 2021. The number of electric vehicles currently operating on UK highways exceeds a quarter million, and plug-in vehicle registrations have reached an all-time high of 327,000 in 2021 alone – a 77% increase compared to 2020. Therefore, rising electric vehicle adoption in Europe will help expand the regional market.
The Germany market dominated the Europe Energy ESO Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $41,207.8 Million by 2030. The UK market is exhibiting a CAGR of 16.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 18.4% during (2023 - 2030).
Based on Location, the market is segmented into Onshore, and Offshore. Based on Source, the market is segmented into Non-renewable, Renewable, and Chemical Processing. Based on Service, the market is segmented into Structuring & Layout, R&D & Designing, Digitization, and Implementation & Maintenance. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Energy ESO Market will Hit $737.3 Billion by 2030, at a CAGR of 18%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Semcon AB (Ratos AB), Assystem S.A, Segula Holding, Quest Global Services Pte. Ltd, Mott MacDonald Group Limited, Luxoft Holding, Inc, (DXC TECHNOLOGY COMPANY), ESI Group, Cyient Limited, ALTEN and Altair Engineering, Inc.
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