According to the latest market research study, the global industrial energy efficiency services market is expected to grow at a CAGR of around 6% during the forecast period 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global industrial energy-efficiency services market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the service type
|
SERVICE TYPE |
MARKET SHARE 2015 (%) |
|
Energy Auditing/Consulting |
42.70% |
|
Monitoring and Verification |
36.40% |
|
Product and System Optimization |
20.90% |
Source: Technavio
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Industrial energy efficiency services market by auditing/consulting: Regulatory bodies across the globe are mandating industries to undertake energy audits to identify opportunities for improving energy-efficiency. These regulations for energy conservation will promote the growth of this market segment. Some of the regulations set by the government in the European countries requires large industrial facilities to identify, evaluate, and report energy-efficiency opportunities in their organizations every four years.
“Companies across the globe are participating in reporting their energy-efficiency status to the government through proven energy auditing and consulting firms. These firms are appointing an energy manager to report annually to the government about the company’s annual energy consumption,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Industrial energy efficiency services market by monitoring and verification: The monitoring and verification of various industries increases the credibility of projections for the outcome of industrial energy-efficiency investments. These credentials increase the confidence that investors and sponsors have in energy-efficiency projects, enhancing their chances of being financed. The benefits of monitoring and verification will encourage companies to appoint consultants from various advisory agencies.
Industrial energy efficiency services market by product and system optimization: The energy consultants offer certified energy-efficiency ratings and help industrial clients streamline their industrial workflow and processes. These companies help clients analyze, install, and streamline the workflow to achieve energy efficiency in a cost-effective manner. The growth of this market segment is primarily driven by the cost saving efforts from different consulting agencies.
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The top vendors operating in the global industrial energy-efficiency services market are:
- Siemens
- Honeywell
- TERI
- DuPont
The other prominent vendors in the market include Dalkia, ENGIE, Getec, ista, Johnson Controls, Schneider Electric, SGS, and Wood.
A more detailed analysis is available in the Technavio report titled, ‘Global Industrial Energy-efficiency Services Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Energy-efficient Building Market 2016-2020
- Global Energy Management Systems Market 2016-2020
- Global Energy Management Market in Railways 2016-2020
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