Asia Pacific Energy Storage As A Service Market Size, Share & Trends Analysis Report By End Use (Industrial, Residential & Commercial and Utility), By Service, By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Energy Storage As A Service Market would witness market growth of 10.9% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Energy Storage As A Service Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $325.1 million by 2031. The Japan market is expected to witness a CAGR of 10.2% during (2024 - 2031). Additionally, The India market would register a CAGR of 11.6% during (2024 - 2031).

Households are adopting ESaaS solutions to reduce reliance on traditional grid power and take advantage of solar energy storage, time-of-use energy pricing, and backup power solutions. Households can store energy during low-cost hours and use it during peak pricing periods. ESaaS provides a reliable power source in areas with frequent power outages. Microgrids and off-grid communities rely on ESaaS for sustainable power solutions. Remote areas without stable grid access can leverage ESaaS for consistent power supply. Energy storage can support disaster-stricken regions with emergency power solutions.

The adoption of energy storage as a service is rising globally, driven by increasing renewable energy deployment, government incentives, and advancements in energy storage technologies. Businesses and households are increasingly seeking ways to reduce electricity expenses. ESaaS allows customers to store energy at low rates and use it during peak hours, significantly reducing energy costs.

India’s construction sites and commercial projects traditionally rely on diesel generators for backup power, which are expensive and polluting. Adopting ESaaS-based battery storage solutions can lower costs, reduce carbon emissions, and improve energy efficiency, making it a preferred choice for developers and contractors. In conclusion, both China and India are rapidly transforming their energy landscapes, with China focusing on scaling renewable energy adoption and India driving construction-led energy storage demand.

Free Valuable Insights: The Global Energy Storage As A Service Market is Predict to reach USD 3.28 Billion by 2031, at a CAGR of 10.4%

Based on End Use, the market is segmented into Industrial, Residential & Commercial and Utility. Based on Service, the market is segmented into Customer Energy Management Services, Ancillary Services, Bulk Energy Services, Transmission Infrastructure Services, Distribution Infrastructure Services, and Other Service. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• Siemens Energy AG
• Veolia Environnement S.A.
• Honeywell International Inc.
• Tesla, Inc.
• NextEra Energy, Inc. 
• Generac Holdings, Inc.
• Engie SA
• Customized Energy Solutions Ltd.
• SREIL Energy
• Hydrostor Inc.

Asia Pacific Energy Storage As A Service Market Report Segmentation

By End Use

• Industrial, Residential & Commercial
• Utility

By Service

• Customer Energy Management Services
• Ancillary Services
• Bulk Energy Services
• Transmission Infrastructure Services
• Distribution Infrastructure Services
• Other Service

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Energy Storage As A Service Market, by End Use
1.4.2 Asia Pacific Energy Storage As A Service Market, by Service
1.4.3 Asia Pacific Energy Storage As A Service Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Energy Storage As A Service Market.
4.3 Porter Five Forces Analysis

Chapter 5. Asia Pacific Energy Storage As A Service Market by End Use
5.1 Asia Pacific Industrial, Residential & Commercial Market by Country
5.2 Asia Pacific Utility Market by Country

Chapter 6. Asia Pacific Energy Storage As A Service Market by Service
6.1 Asia Pacific Customer Energy Management Services Market by Country
6.2 Asia Pacific Ancillary Services Market by Country
6.3 Asia Pacific Bulk Energy Services Market by Country
6.4 Asia Pacific Transmission Infrastructure Services Market by Country
6.5 Asia Pacific Distribution Infrastructure Services Market by Country
6.6 Asia Pacific Other Service Market by Country

Chapter 7. Asia Pacific Energy Storage As A Service Market by Country
7.1 China Energy Storage As A Service Market
7.1.1 China Energy Storage As A Service Market by End Use
7.1.2 China Energy Storage As A Service Market by Service
7.2 Japan Energy Storage As A Service Market
7.2.1 Japan Energy Storage As A Service Market by End Use
7.2.2 Japan Energy Storage As A Service Market by Service
7.3 India Energy Storage As A Service Market
7.3.1 India Energy Storage As A Service Market by End Use
7.3.2 India Energy Storage As A Service Market by Service
7.4 South Korea Energy Storage As A Service Market
7.4.1 South Korea Energy Storage As A Service Market by End Use
7.4.2 South Korea Energy Storage As A Service Market by Service
7.5 Singapore Energy Storage As A Service Market
7.5.1 Singapore Energy Storage As A Service Market by End Use
7.5.2 Singapore Energy Storage As A Service Market by Service
7.6 Malaysia Energy Storage As A Service Market
7.6.1 Malaysia Energy Storage As A Service Market by End Use
7.6.2 Malaysia Energy Storage As A Service Market by Service
7.7 Rest of Asia Pacific Energy Storage As A Service Market
7.7.1 Rest of Asia Pacific Energy Storage As A Service Market by End Use
7.7.2 Rest of Asia Pacific Energy Storage As A Service Market by Service

Chapter 8. Company Profiles
8.1 Siemens Energy AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Veolia Environnement S.A.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Honeywell International, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Tesla, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 NextEra Energy, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.6 Generac Holdings, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Engie SA
8.7.1 Company Overview
8.8 Customized Energy Solutions Ltd.
8.8.1 Company Overview
8.9 SREIL Energy
8.9.1 Company Overview
8.10. Hydrostor Inc.
8.10.1 Company Overview

TABLE 1 Asia Pacific Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 4 Asia Pacific Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 5 Asia Pacific Industrial, Residential & Commercial Market by Country, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Industrial, Residential & Commercial Market by Country, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Utility Market by Country, 2020 - 2023, USD Million
TABLE 8 Asia Pacific Utility Market by Country, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Customer Energy Management Services Market by Country, 2020 - 2023, USD Million
TABLE 12 Asia Pacific Customer Energy Management Services Market by Country, 2024 - 2031, USD Million
TABLE 13 Asia Pacific Ancillary Services Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Ancillary Services Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Bulk Energy Services Market by Country, 2020 - 2023, USD Million
TABLE 16 Asia Pacific Bulk Energy Services Market by Country, 2024 - 2031, USD Million
TABLE 17 Asia Pacific Transmission Infrastructure Services Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Transmission Infrastructure Services Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Distribution Infrastructure Services Market by Country, 2020 - 2023, USD Million
TABLE 20 Asia Pacific Distribution Infrastructure Services Market by Country, 2024 - 2031, USD Million
TABLE 21 Asia Pacific Other Service Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Other Service Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Energy Storage As A Service Market by Country, 2020 - 2023, USD Million
TABLE 24 Asia Pacific Energy Storage As A Service Market by Country, 2024 - 2031, USD Million
TABLE 25 China Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 26 China Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 27 China Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 28 China Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 29 China Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 30 China Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 31 Japan Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 32 Japan Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 33 Japan Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 34 Japan Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 35 Japan Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 36 Japan Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 37 India Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 38 India Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 39 India Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 40 India Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 41 India Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 42 India Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 43 South Korea Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 44 South Korea Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 45 South Korea Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 46 South Korea Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 47 South Korea Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 48 South Korea Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 49 Singapore Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 50 Singapore Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 51 Singapore Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 52 Singapore Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 53 Singapore Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 54 Singapore Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 55 Malaysia Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 56 Malaysia Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 57 Malaysia Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 58 Malaysia Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 59 Malaysia Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 60 Malaysia Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 61 Rest of Asia Pacific Energy Storage As A Service Market, 2020 - 2023, USD Million
TABLE 62 Rest of Asia Pacific Energy Storage As A Service Market, 2024 - 2031, USD Million
TABLE 63 Rest of Asia Pacific Energy Storage As A Service Market by End Use, 2020 - 2023, USD Million
TABLE 64 Rest of Asia Pacific Energy Storage As A Service Market by End Use, 2024 - 2031, USD Million
TABLE 65 Rest of Asia Pacific Energy Storage As A Service Market by Service, 2020 - 2023, USD Million
TABLE 66 Rest of Asia Pacific Energy Storage As A Service Market by Service, 2024 - 2031, USD Million
TABLE 67 Key Information – Siemens Energy AG
TABLE 68 Key Information – Veolia Environnement S.A.
TABLE 69 Key Information – Honeywell International, Inc.
TABLE 70 key Information – Tesla, Inc.
TABLE 71 Key Information – NextEra Energy, Inc.
TABLE 72 Key Information – Generac Holdings, INC.
TABLE 73 Key Information – Engie SA
TABLE 74 Key Information – Customized Energy Solutions Ltd.
TABLE 75 Key Information – SREIL Energy
TABLE 76 Key Information – Hydrostor Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Energy Storage As A Service Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Energy Storage As A Service Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Energy Storage As A Service Market
FIG 6 Asia Pacific Energy Storage As A Service Market share by End Use, 2023
FIG 7 Asia Pacific Energy Storage As A Service Market share by End Use, 2031
FIG 8 Asia Pacific Energy Storage As A Service Market by End Use, 2020 - 2031, USD Million
FIG 9 Asia Pacific Energy Storage As A Service Market share by Service, 2023
FIG 10 Asia Pacific Energy Storage As A Service Market share by Service, 2031
FIG 11 Asia Pacific Energy Storage As A Service Market by Service, 2020 - 2031, USD Million
FIG 12 Asia Pacific Energy Storage As A Service Market share by Country, 2023
FIG 13 Asia Pacific Energy Storage As A Service Market share by Country, 2031
FIG 14 Asia Pacific Energy Storage As A Service Market by Country, 2020 - 2031, USD Million
FIG 15 SWOT Analysis: Siemens Energy AG
FIG 16 SWOT Analysis: Veolia Environnement S.A.
FIG 17 Recent strategies and developments: Honeywell international, inc.
FIG 18 SWOT Analysis: Honeywell international, inc.
FIG 19 SWOT Analysis: Tesla, Inc.
FIG 20 SWOT Analysis: Generac Holdings, Inc.