Industrial Energy Efficiency Services Market Report 2026

The industrial energy efficiency services market size has grown strongly in recent years. It will grow from $11.59 billion in 2025 to $12.18 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing industrial energy consumption, adoption of basic energy audits, rising cost of electricity and fuel, introduction of environmental regulations, early implementation of equipment retrofitting.

The industrial energy efficiency services market size is expected to see strong growth in the next few years. It will grow to $15.09 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to advancements in energy management software, integration of iot-based monitoring systems, growing demand for process optimization services, stricter energy efficiency regulations, expansion of industrial energy consulting services. Major trends in the forecast period include integration of real-time energy monitoring systems, adoption of automated energy management software, growth in equipment upgrades and retrofitting services, expansion of energy auditing and consulting services, implementation of process optimization services across industries.

The increasing emphasis on decarbonization is expected to drive the growth of the industrial energy efficiency services market in the future. Decarbonization refers to the process of reducing or eliminating carbon dioxide (CO₂) emissions across various sectors of the economy, particularly in energy production, transportation, and industry. This focus on decarbonization is fueled by the urgent need to combat climate change and the rising regulatory pressures requiring lower greenhouse gas emissions. Industrial energy efficiency services are vital to this effort, assisting industries in reducing their energy consumption, decreasing greenhouse gas (GHG) emissions, and transitioning to cleaner, more sustainable practices. For example, in April 2024, the United States Department of Energy reported on a blueprint aimed at decarbonizing U.S. buildings, which targets a 65% reduction in greenhouse gas emissions by 2035 and a 90% reduction by 2050. Thus, the growing focus on decarbonization is propelling the industrial energy efficiency services market.

Leading companies in the industrial energy efficiency services market are concentrating on developing innovative solutions, such as industrial energy-efficient manufacturing technologies, to enhance their offerings and meet the increasing demand for sustainable solutions. These technologies refer to advanced methods and systems aimed at reducing energy consumption and improving efficiency in manufacturing processes. For instance, in August 2024, VTT Technical Research Centre of Finland, a limited liability company based in Finland, launched the Energy First initiative, a collaborative project aimed at developing sustainable, energy-efficient, and recyclable fiber-based products for the forestry and textile sectors. This initiative seeks to address major challenges related to energy and resource consumption in these industries, with primary goals of reducing water use by up to 90% and energy consumption by 50%, while also creating viable alternatives for cardboard packaging, hygiene products, and non-woven fabrics. The initiative aligns with EU sustainability directives, enhancing resource efficiency and promoting recyclable materials in the forestry and textile sectors.

In July 2023, EMCOR Group Inc., a U.S.-based mechanical and electrical construction company, acquired ECM Holding Group LLC for an undisclosed amount. This acquisition aims to strengthen EMCOR Group's energy efficiency specialty services and expand its sustainability solutions by utilizing ECM's expertise and client relationships, thus providing a more comprehensive range of services. ECM Holding Group LLC is a U.S.-based cleantech contractor specializing in industrial energy efficiency services.

Major companies operating in the industrial energy efficiency services market are Siemens AG, Schneider Electric SE, Honeywell International Inc, Johnson Controls International plc, ABB Ltd, ENGIE SA, Ameresco Inc, Trane Technologies plc, Eaton Corporation plc, Rockwell Automation Inc, DNV Group AS, WSP Global Inc, Tetra Tech Inc, Bureau Veritas SA, SGS SA, ISTA SE, Getec Energy Solutions (G+E GETEC Holding GmbH), DuPont de Nemours Inc, TERI (The Energy and Resources Institute), EnerNOC (Energy Network Company), EnergyCAP LLC, NORESCO LLC, Ecofys (now part of Navigant/WSP), E.ON Energy Consulting.

North America was the largest region in the industrial energy efficiency services market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial energy efficiency services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial energy efficiency services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial energy efficiency services market includes revenues earned by entities by providing services such as energy audits and assessments, process optimization, equipment upgrades, waste heat recovery, and power factor correction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.