Generally Stable with Steady Progress: 2024 Energy Conservation Service Industry Development Report Released Grandly

Source: Energy Conservation Service Industry Committee of China Energy Conservation Association

In June 2025, the Energy Conservation Service Industry Development Report (2024) (hereinafter referred to as the Report) was grandly released by the Energy Conservation Service Industry Committee of China Energy Conservation Association during the 2025 Industrial Energy Conservation and Carbon Reduction Forum. Based on the 2024 census data of the energy conservation service industry, the Report focuses in depth on the industrial development trend, providing government competent departments, energy conservation service companies, energy-using units, financial institutions, scientific research institutes and other stakeholders with trend analysis and cutting-edge insights to understand the current development characteristics, opportunities, challenges, suggestions and prospects of the energy conservation service industry.

In 2024, competent departments at all levels strengthened top-level design, improved the policy system, clarified the green development path, and effectively stabilized market expectations; implemented the "new infrastructure and new-type urbanization" policies and special energy conservation and carbon reduction actions, arranged central budgetary investment to strongly support equipment upgrading and energy conservation transformation, and stimulated energy conservation demand in key industries; deepened technological innovation, guided and promoted continuous breakthroughs in energy conservation and low-carbon technologies; and used fiscal and taxation policies to reduce enterprise operating costs. These systematic measures have injected strong momentum into the development of the energy conservation service industry from the dimensions of policy, market, technology and so on, and strongly supported the sustainable development of the industry.

In 2024, the energy conservation service industry maintained an overall stable performance with steady progress. The number of enterprises continued to increase rapidly: 2,388 new enterprises with energy performance contracting (EPC) as their core business were added, bringing the total number of registered energy conservation service companies to 16,189; the workforce continued to expand, with the number of employees exceeding one million. The annual total output value of the industry reached 528.003 billion yuan, the annual new investment in energy performance contracting hit 170.23 billion yuan, and the annual energy-saving capacity formed reached 45.39 million tons of standard coal, equivalent to reducing carbon dioxide emissions by 111.66 million tons, making it an important force in promoting the realization of the "dual carbon" goals.

In terms of industrial layout and innovative development, the energy conservation service industry has distinct characteristics. In terms of project types, the number of newly signed government-led projects ranked first, the public service sector gave full play to its demonstration and leading role, and investment enthusiasm in emerging fields such as data centers continued to rise; in terms of business models, contract types continued to diversify, with energy-saving benefit-sharing models still dominating; in terms of technology application, newly signed projects were concentrated in directions such as HVAC and refrigeration, energy digital intelligence, and industrial energy conservation; in terms of industry innovation, enterprises actively innovated in technology R&D, service models and business formats, driving the industry to accelerate its transformation and upgrading towards integration, intelligence and customization.

At the same time, the industrial development still faces challenges and many potential risks. In terms of capital, the problems of financing difficulties, payment collection difficulties and high costs are prominent; in terms of policy mechanisms, policy implementation still needs to be accelerated and the market mechanism needs to be further improved; in terms of technology, R&D investment is seriously insufficient and faces iteration risks; in terms of market, competition is fierce and service products are homogenized; in terms of talents, the reserve of professional talents is insufficient, and the current professional title evaluation system is not well adapted to the energy conservation service industry. To address these issues, continuous efforts are needed in strengthening the financial support system, optimizing the market development environment, accelerating technological innovation and R&D, improving the quality of industry services, and improving the talent introduction and training system.

Looking to the future, the energy conservation service industry will accelerate its evolution towards digital intelligence, and its integration with various industries will be further deepened. It is expected that by 2030, the annual total output value of the energy conservation service industry will reach 1 trillion yuan, playing a more critical role in supporting the new requirements of carbon emission "double control" and promoting the comprehensive green transformation of the economy and society.

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