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Industrial Energy-Efficiency Services - Global Strategic Business Report

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    Report

  • 456 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139552

Global Industrial Energy-Efficiency Services Market to Reach $16.7 Billion by 2030

The global market for Industrial Energy-Efficiency Services estimated at US$9.9 Billion in the year 2022, is projected to reach a revised size of US$16.7 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Energy Auditing & Consulting, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$8 Billion by the end of the analysis period. Growth in the Monitoring & Verification segment is estimated at 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 9.1% CAGR

The Industrial Energy-Efficiency Services market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.6 Billion by the year 2030.

Select Competitors (Total 70 Featured) -

  • Dalkia
  • Dow, Inc.
  • DuPont de Nemours, Inc.
  • ENGIE Group
  • Honeywell Process Solutions
  • ista Energy Solutions Ltd.
  • Johnson Controls, Inc.
  • Schneider Electric SA
  • SGS SA
  • Siemens AG

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Frequently Asked Questions about the Industrial Energy-Efficiency Services Market

What is the estimated value of the Industrial Energy-Efficiency Services Market?

The Industrial Energy-Efficiency Services Market was estimated to be valued at $9.9 Billion in 2022.

What is the growth rate of the Industrial Energy-Efficiency Services Market?

The growth rate of the Industrial Energy-Efficiency Services Market is 6.8%, with an estimated value of $16.7 Billion by 2030.

What is the forecasted size of the Industrial Energy-Efficiency Services Market?

The Industrial Energy-Efficiency Services Market is estimated to be worth $16.7 Billion by 2030.

Who are the key companies in the Industrial Energy-Efficiency Services Market?

Key companies in the Industrial Energy-Efficiency Services Market include Dalkia, Dow, Inc., DuPont de Nemours, Inc., ENGIE Group, Honeywell Process Solutions, ista Energy Solutions Ltd., Johnson Controls, Inc., Schneider Electric SA, SGS SA and Siemens AG.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Growing Concerns Over Climate Change Throws the Focus Squarely on Sustainability & Energy Efficiency
  • Exhibit 1: As Global Pollution Continues to Rise, Energy Efficiency Emerges to Become a Core Aspect of the Ongoing Sustainability Drive: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
  • Global Economic Update
  • Exhibit 2: Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Exhibit 3: Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
  • Exhibit 4: Global Economy Slowly Limps Towards Recovery, Resiliently Navigating the War & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Exhibit 5: Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Competition
  • Exhibit 6: Industrial Energy-Efficiency Services - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 70 Players Worldwide in 2023 (E)
  • Influencer/Product/Technology Insights
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • The Value of Energy Efficiency is Greater Now than Ever Before. Here’s Why…
  • Unforgivable Levels of Energy Wastes Brings Power Monitoring Into the Spotlight as the First Step Towards Achieving Industrial Energy Efficiency
  • Exhibit 7: The World is Wasting More Energy than It Uses Even as Global Leaders Strategize to Reduce Carbon Emissions & Climate Change. The Time is Now Right for Energy Efficiency Solutions & Services: Energy Use Efficiency & Wastages in the U.S. (In Quadrillion British Thermal Units)
  • Despite Technology Innovations & Falling Costs of Renewables, Energy Prices Continues to Rise, Strengthening the Business Case for Energy Efficiency Services
  • Stricter Energy Efficiency Regulations Bodes Well for Market Growth
  • Growing Awareness over the Benefits of Energy Management System Adds to the Growth Momentum
  • Energy Management Software, the Key Component of EMS
  • Industrial Energy Management System (IEMS) Storms Into the Spotlight For Its Role in Conserving Energy and Driving Energy Efficiency
  • Energy Intensive Industries Are Important Consumer Clusters for Industrial Energy Management Systems (IEMS)
  • Cloud-Based Energy Management Systems & Services (IEMaaS) Rise in Popularity
  • The Time is Ripe for Leveraging IoT for Smart Energy Efficiency Management
  • Exhibit 8: Ability of IoT Powered Energy Management Systems to Predict Consumption & Spending Spurs Interest in the Technology: Global Industrial IoT Market (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
  • Energy Efficiency as a Service, an Interesting Trend to Monitor
  • Here’s How AI is Revolutionizing the Field of Industrial Energy Efficiency
  • Energy Auditing Services Rise in Importance
  • Adoption of Energy Efficient Technologies Grow Stronger
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Industrial Energy-Efficiency Services Market Analysis of Annual Sales in US$ Thousand for Years 2017 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Industrial Energy-Efficiency Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Industrial Energy-Efficiency Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 4: World 13-Year Perspective for Industrial Energy-Efficiency Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2017, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Energy Auditing & Consulting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Energy Auditing & Consulting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 7: World 13-Year Perspective for Energy Auditing & Consulting by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Monitoring & Verification by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Monitoring & Verification by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 10: World 13-Year Perspective for Monitoring & Verification by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Product & System Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Product & System Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 13: World 13-Year Perspective for Product & System Optimization by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 16: World 13-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 19: World 13-Year Perspective for Power by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Petrochemicals & Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Petrochemicals & Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 22: World 13-Year Perspective for Petrochemicals & Chemicals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Other End-Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Other End-Users by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2021 and % CAGR
  • Table 25: World 13-Year Perspective for Other End-Users by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Industrial Energy-Efficiency Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Analytics
CANADAJAPANCHINA
EUROPE
  • Industrial Energy-Efficiency Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Industrial Energy-Efficiency Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Market Analytics
AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dalkia
  • Dow, Inc.
  • DuPont de Nemours, Inc.
  • ENGIE Group
  • Honeywell Process Solutions
  • ista Energy Solutions Ltd.
  • Johnson Controls, Inc.
  • Schneider Electric SA
  • SGS SA
  • Siemens AG