The Asia Pacific Energy as a Service Market size is projected to reach USD 32.71 billion by 2030, growing at a CAGR of 14.3% from 2024 to 2030. The Asia Pacific region is experiencing a significant surge in renewable energy deployment, positioning it as the global leader in new solar and wind installations. This development is not only making the clean energy market more accessible but has also transformed the way energy is generated, giving EaaS providers a chance to deliver energy solutions that are more flexible and resilient. EaaS companies offer a mix of different energy sources, maximize output, and deliver a firm and reliable supply to industrial and commercial customers by leveraging this growing renewable capacity.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250177423
The operational and maintenance services segment to record second-highest CAGR in Asia Pacific energy as a service market, by service type, during forecast period.
Operations and maintenance (O&M) services play a critical role in ensuring industrial and commercial energy assets operate efficiently. By utilizing real-time monitoring, predictive maintenance, and proactive system management, these services minimize energy losses, prevent unplanned downtime, and extend the life of equipment. As a result, businesses achieve better performance; reduce total cost of ownership; and have reliable, cost-effective, and sustainable energy operations while remaining focused on their core activities.
The commercial segment, by end user, to hold second-largest share of Asia Pacific energy as a service market throughout forecast period.
The energy as a service helps commercial buildings improve the performance of HVAC, lighting, and other critical systems. By using advanced monitoring, automation, and predictive analytics, EaaS providers reduce energy consumption and lower operating costs through more efficient system management. This approach eliminates the need for large upfront investments, allowing building operators to maintain reliable, sustainable, and cost-effective energy operations while focusing on their core business activities.
China to account for largest share of Asia Pacific energy as a service market throughout forecast period
China has witnessed a substantial increase in investment in renewable energy, electrifying buildings and systems, and upgrading efficiency across every industry as part of a national strategy to achieve its goal of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. China’s enterprises are under increasing environmental regulatory pressure; there is a growing need to reduce their dependence on coal for power generation, and the government is also providing support for subsidizing distributed solar, energy storage, and digital energy platforms. As a result, the trend of using outsourced energy solutions is growing in China. The EaaS provider solution enables enterprises to comply with evolving policies that require the integration of renewables into their operations, and reduces the capital costs and complexities associated with installing renewable systems.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=250177423
The Asia Pacific energy as a service market is dominated by major players with a wide regional presence. Some key players in this market are Johnson Controls (Ireland), Veolia (France), Schneider Electric (France), Ameresco (US), Siemens (Germany), EDF Energy (US), Edison International (US), GE Vernova (US), Honeywell International Inc. (US), Centrica plc (UK), Alpiq Holding AG (Switzerland), and Duke Energy Corporation (US), among others.
Ameresco
Ameresco is a leading clean technology integrator with a comprehensive portfolio of energy efficiency and renewable energy supply solutions. It also includes energy supply management solutions, energy savings performance contracts, and the development and operation of central utility plants. Additionally, the company supports distributed generation projects, facilitates solar deployments through power purchase agreements, and provides microgrid and energy storage systems. The portfolio further extends to electric vehicle infrastructure, sustainability advisory services, renewable natural gas initiatives, and long-term asset sustainability management.
Schneider Electric
Schneider Electric is a leader in the digital transformation of energy management and automation. It specializes in industrial automation, energy management, digital automation, sustainability, innovation, digitalization, artificial intelligence, engineering, cybersecurity, renewables, digital supply chain, manufacturing, electrification, building management systems, power systems and services, microgrids, industrial software design and optimization, solar and energy storage, and software-centric automation and solutions. The company has geographic reach across North America, Europe, Asia, the Middle East & Oceania, and Africa.