The Asia-Pacific Energy as a Service (EaaS) market is projected to grow at a modest CAGR during the forecast period (2022-2028). The key aspect that drives the growth of the market includes increasing focus on renewable energy sources for reducing carbon footprints, growing distributed energy resources across the region, and increasing energy consumption in various sectors such as commercial, industrial, governments, and others. Tax benefits by government for energy efficiency projects and decreasing cost of renewable power generation is also significantly accelerating the growth of the market. Further developments in sustainable energy sources, and adoption of approaches such as pay-for-use in major economies of the region is expected to create lucrative opportunities during in the market during the forecast period. 

The energy as service market in Asia-Pacific region is hardly hit by the impact of COVID-19 pandemic. The demand for energy and consumption is also reduced owing to the closure of various verticals. In addition, to stop the further spreading of coronavirus, the government of major economies has imposed lockdown. The imposition of lockdown resulted in the delay of new coming energy efficiency projects. Global energy demand in 2020 is estimated to decline by 6% compared to 2019.The consumption of energy especially electricity was dropped down in commercial and industrial sectors, on the other hand, it was high in residential sectors owing to the fact the people were working from home to stop the spread of the virus.

Asia-Pacific Energy as a Service market is bifurcated on the basis of type and end-user. Based on type, the market is segmented into power generation services, operational and maintenance services, and energy efficiency and optimization services. Based on end-user, the energy as a service market in Asia-Pacific is categorized into commercial, industrial, and others (government). Among these, the energy as a service in industrial end-user is anticipated to hold the largest share in the market during the forecast period. Whereas commercial sector is anticipated to be the fastest-growing during the forecast period owing to the establishment of educational institutions, healthcare institutes, information centers, airports, and others and increasing energy demand by these end-users.

Based on the demographic viewpoint, the Asia-Pacific Energy as a Service market has been segmented into China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific. China is likely to hold a major share in the Asia-Pacific Energy as a Service market over the forecast period. The large share is attributed to the increasing distributed energy resources, and growing energy consumption due to large population base. Further, ENN Energy Holdings Ltd., Johnson Controls International PLC, Tata Power Solar Systems Ltd., Suzlon Energy Ltd., Tencent Holdings Ltd., Mitsubishi Corp., INPEX Corp., China Yangtze Power Co. Ltd., among others are some of the prominent players functioning in the Asia-Pacific Energy as a Service market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

RESEARCH METHODOLOGY

The market study of the Asia-Pacific Energy as a Service market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market.

• Whitepapers, research-papers, and news blogs

• Company websites and their product catalog

The report is intended for Energy as a Service companies, building and construction companies, transportation companies, chemical companies, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Energy as a Service Market Research and Analysis by Type

2. Asia-Pacific Energy as a Service Market Research and Analysis by End-User 

The Report covers:

• Comprehensive research methodology of the Asia-Pacific Energy as a Service market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific Energy as a Service market.
• Insights about market determinants which are stimulating the Asia-Pacific Energy as a Service market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.