Industrial Energy Efficiency Services Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44229
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The industrial energy efficiency services market share is expected to increase by USD 2.53 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.66%.

This industrial energy efficiency services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by service (EA and C, M and V, and P and SO) and geography (North America, Europe, APAC, South America, and MEA). The industrial energy efficiency services market report also offers information on several market vendors, including DuPont de Nemours Inc., Enel Spa, ENGIE SA, General Electric Co., Honeywell International Inc., Johnson Controls International Plc, Schneider Electric SE, SGS SA, Siemens AG, and VEOLIA ENVIRONNEMENT SA among others.

What will the Industrial Energy Efficiency Services Market Size be in 2021?

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Industrial Energy Efficiency Services Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing awareness about environmental impact and sustainability is notably driving the industrial energy efficiency services market growth, although factors such as high initial setup cost may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial energy efficiency services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • Growing awareness about environmental impact and sustainability is one of the significant factors driving the industrial energy efficiency services market growth.
  • The adoption and the use of energy-efficient systems can reduce emissions considerably during industrial operations, as it is designed to reduce environmental pollution and sustainability challenges while improving air quality.
  • The awareness about the environmental advantages of energy-efficient systems grows among the end-users.
  • The awareness about the environmental advantages of energy-efficient systems grows among the end-users. This will subsequently drive the need for energy efficiency services in industrial processes.
  • An increasing number of regulations to use energy-efficient equipment is one of the key industrial energy efficiency services market trends.
  • The rising need for power and the shortage of electricity are continuously compelling the governments of various countries to focus on the efficient utilization of electricity to achieve sustainable economic growth.
  • The governments of different countries are issuing clear directives for utility companies and industrial operators to use power in an efficient manner.
  • The focus on the efficient use of energy has increased in the industrial premises.
  • The trend is expected to have a high impact on the global industrial energy efficiency services market during the forecast period.

This industrial energy efficiency services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial Energy Efficiency Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • DuPont de Nemours Inc.
  • Enel Spa
  • ENGIE SA
  • General Electric Co.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Schneider Electric SE
  • SGS SA
  • Siemens AG
  • VEOLIA ENVIRONNEMENT SA

 

This statistical study of the industrial energy efficiency services market encompasses successful business strategies deployed by the key vendors. The industrial energy efficiency services market is fragmented and the vendors are deploying growth strategies such as constantly expanding their footprint in developing countries and are adopting automation and the IoT to differentiate themselves from regional vendors to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial energy efficiency services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Energy Efficiency Services Market?

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37% of the market’s growth will originate from APAC during the forecast period. Japan is the key market for industrial energy efficiency services market in APAC. Market growth in this region will be slower than the growth of the market in South America.

The presence of large manufacturing facilities that have a high installed capacity will facilitate the industrial energy efficiency services market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Service Segments in the Industrial Energy Efficiency Services Market?

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The industrial energy efficiency services market share growth by the EA and C segment will be significant during the forecast period. EA&C (Energy audits and consulting) are considered important instruments in recognizing the existing energy efficiency potential by adopting systematic procedures to develop a strategy to achieve energy efficiency targets. The increasing government regulations on the industrial premises to follow energy audits have provided high growth opportunities for ESCOs, and this trend is expected to gain traction and increase the global demand for EA&C.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial energy efficiency services market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Energy Efficiency Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.66%

Market growth 2021-2025

$ 2.53 billion

Market structure

Fragmented

YoY growth (%)

3.88

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 37%

Key consumer countries

US, Germany, Canada, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

DuPont de Nemours Inc., Enel Spa, ENGIE SA, General Electric Co., Honeywell International Inc., Johnson Controls International Plc, Schneider Electric SE, SGS SA, Siemens AG, and VEOLIA ENVIRONNEMENT SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Factors Covered in this Industrial Energy Efficiency Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial energy efficiency services market growth during the next five years
  • Precise estimation of the industrial energy efficiency services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial energy efficiency services industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial energy efficiency services market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial energy efficiency services market growth will increase by $2090.06 million during 2019-2024.
The industrial energy efficiency services market is expected to grow at a CAGR of 4.02% during 2019-2024.
Technavio has segmented the industrial energy efficiency services market by service (EA and C, M and V, and P and SO) and geographic (North America, Europe, APAC, South America, and MEA).
DuPont de Nemours Inc., Enel Spa, ENGIE SA, General Electric Co., Honeywell International Inc., Johnson Controls International Plc, Schneider Electric SE, SGS SA, Siemens AG, VEOLIA ENVIRONNEMENT SA are a few of the key vendors in the industrial energy efficiency services market.
North America will register the highest growth rate of 34.83% among the other regions. Therefore, the industrial energy efficiency services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial energy efficiency services market growth are:
  • Growing awareness about environmental impact and sustainability
  • Rise in focus on using renewable energy
The industrial energy efficiency services market vendors should focus on grabbing business opportunities from the ea and c segment as it accounted for the largest market share in the base year.
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