Home > Energy & Power > Renewable Energy > Asia-Pacific Energy as a Service (EaaS) Market

Asia-Pacific Energy as a Service (EaaS) Market Size

Report ID: GMI8637
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

Asia-Pacific Energy as a Service Market Size

Asia-Pacific Energy as a Service Market Size was valued USD 46.8 Billion in 2023 and is anticipated to grow at a CAGR of 8.4% by 2032. It is a business model where energy-related services are provided to end-users comprehensively and flexibly. Customers pay for the energy they consume or for specific energy-related outcomes, instead of owning energy infrastructure outright, including reduced energy costs or carbon emissions.

To get key market trends

Download Free Sample

Government policies promoting renewable energy adoption and sustainability coupled with innovations in energy management technologies and digital solutions will augment the industry landscape. Growing awareness of environmental issues and the need for carbon reduction initiatives will boost the business statistics.

Asia-Pacific Energy as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia-Pacific Energy as a Service Market Size in 2023:	USD 46.8 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8.4%
2024 – 2032 Value Projection:	USD 97.7 Billion
Historical Data for:	2019 to 2022
No. of Pages:	140
Tables, Charts & Figures:	100
Segments covered:	Type, End-Use and Country
Growth Drivers:	Supportive policies and incentives Smart City Initiatives Rising Demand for Decentralized Energy Solutions
Pitfalls & Challenges:	High Initial Investment Costs

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia-Pacific market for energy as a service was reached USD 46.8 billion in 2023 and is expected to register 8.4% CAGR from 2024 to 2032, owing to increasing government policies promoting renewable energy adoption and sustainability in the region.

The energy supply services segment is expected to reach over USD 34 billion by 2032 due to increasing energy demand necessitating reliable and efficient energy supply solutions.

China Energy as a Service industry is expected to cross USD 81 billion by 2032 due to Strong government support and favorable policies including subsidies for renewable energy projects and incentives for energy efficiency improvements in the area.

Contemporary Energy Solutions, Capstone Green Energy Corporation, EDF Energy, Edison Energy, Enel X, ENGIE, Honeywell International Inc, Keppel Corporation, Schneider Electric, Siemens AG, and WGL Energy, are some of the major Energy as a Service (EaaS) companies in Asia Pacific.