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

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

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Asia-Pacific Energy as a Service Market Trends

Rising virtual power plants (VPPs) deployments, leveraging EaaS models to aggregate distributed energy resources (DERs) and provide grid services, demand response, and energy trading opportunities will augment the market landscape. Increasing adoption of renewable energy sources, driven by government policies and sustainability initiatives in addition to the rise of smart cities and digitalization will drive the deployment of the platform leading to improved business growth.

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.