Performance Contracting -- A Recession-proof Market with Huge Energy Savings Opportunities

News provided by

May 11, 2010, 03:00 ET

LONDON, May 11 /PRNewswire/ -- The overall European market for energy management services was worth around 15 billion euro in 2009 and has not been affected as badly as some other sectors by the downturn. Furthermore, the future looks brighter as the EU's action plan for energy efficiency aims to reduce energy consumption by 20% by 2020 and to achieve this there is a need for large investments. It gives ESCOs (energy service companies) and other companies operating in the energy management services markets a big opportunity to lead the way forward by providing crucial services to building owners.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

On this subject Frost & Sullivan will host a web conference which will take place on the 26th May 2010, at 4 pm BST. This complimentary briefing with our Industry Analyst Reka Szanto will focus in particular on two specific services types that deserve extra attention: consulting services and performance contracting. The demand of these two services have been risen and expected to continue to be rising due to their importance in achieving more efficient buildings, especially when there is a legislative pressure combined with financial restraint as it is the case for many public authorities, for instance.

"While the European Union imports around half of its energy and while demand is said to double globally from current levels to 2030, all opportunities must be used to achieve real savings in terms of consumption by using energy in a more efficient way," explains Frost & Sullivan Industry Analyst Reka Szanto.

"The Energy Service Directive provides the legal base for all types of energy services in Europe. It aims to encourage Member States to promote energy efficiency and take up a more active role. This Directive has, on the whole, activated the market for energy management services as Member States need to reduce their total energy use by 1% year on year, which is quite an ambitious target," concludes Reka.

Regarding performance contracting, there is a huge difference within Europe in terms of market maturity and growth potential. Germany, France and the UK have the most mature markets, whereas the Southern European countries lag behind in terms of readiness and opportunity. Although performance contracting is mostly aimed at the cash-trapped public buildings, there is plenty of opportunities in the commercial sector, too.

Highlights of the briefing include analyses of main market trends, market forcefield analysis, market sizing as well as overview of the competitive landscape.

Such market insight would be beneficial to all service providers, and end-users who may be interested in the advantages of a more energy efficient building system. There will be furthered discussions of major trends expectations, as well as an overview of the specific energy management services, including forecasts and competitive landscapes.

To participate in this complimentary briefing, please e-mail Chiara Carella, at [email protected], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country, and a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.