PUBLISHER: IMARC | PRODUCT CODE: 1451811
PUBLISHER: IMARC | PRODUCT CODE: 1451811
Industrial Energy Efficiency Services Market by Type, Application, and Region 2024-2032
The global industrial energy efficiency services market size reached US$ 12.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032. The rising air pollution levels worldwide, growing awareness regarding environmental impact and sustainability, and the implementation of strict energy efficient standards by governments of numerous countries represent some of the key factors driving the market.
Energy efficiency services (EES) help industrial facilities implement new technologies and other measures to optimize energy consumption. These services aid in lowering the amount of energy used and reducing costs while ensuring operational efficiency. Some commonly offered services by EES providers include software solutions, audit and consulting, contracting, efficient operations, and engineering, procurement, and construction of technology. In recent years, industrial energy efficiency services have gained immense traction in numerous industries across the globe as they offer substantial energy and cost savings and assist companies in ensuring compliance with strict government regulations.
Industrial Energy Efficiency Services Market Trends:
As a result of the significant rise in air pollution levels and the recent shift toward environmental protection and conservation, businesses are focusing on adopting sustainable development practices and opting for eco-friendly energy sources. This, coupled with the surging need to improve the energy efficiency of internal operations and processes across various industrial facilities, represents the primary factor driving the market growth. Besides this, the growing awareness regarding environmental impact and sustainability has led to the development and use of energy-efficient technologies. Moreover, the rising utilization of energy-efficient industrial systems, resulting in lower fuel consumption and fewer emissions, is creating a positive outlook for the market. Additionally, governments of various nations are introducing stringent regulations pertaining to energy security, air pollution, and decarbonization. They are also setting up advisory, disciplinary, and investigatory boards to ensure the implementation of energy efficiency measures, especially across energy-intensive sectors, including chemicals, metal processing, mining, petroleum refining, and fossil-fuel-powered electricity plants. This, in turn, has prompted the industrial sector to adopt energy efficiency services to ensure regulatory compliance. Furthermore, there is a significant surge in renewable energy consumption owing to depleting conventional fossil fuel sources, growing environmental concerns, and the rising economic burden of importing fuel commodities. In line with this, the escalating need to ensure total energy security has led to the diversification of energy sources to reduce dependence on a single or few energy sources, which in turn is propelling market growth. Other factors, including the expanding energy sector, rising government initiatives mandating companies to undertake energy audits and comply with energy efficiency standards, the ongoing shift toward clean energy, rapid industrialization, and technological advancements, are also providing a positive thrust to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global industrial energy efficiency services market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.
Type Insights:
Energy Auditing or Consulting
Product and System Optimization
Monitoring and Verification
The report has provided a detailed breakup and analysis of the industrial energy efficiency services market based on the type. This includes energy auditing or consulting, product and system optimization, and monitoring and verification.
Application Insights:
Petrochemical
Chemical Industry
Electric Power
Textile
Building Materials
Mining
A detailed breakup and analysis of the industrial energy efficiency services market based on the application has also been provided in the report. This includes petrochemical, chemical industry, electric power, textile, building materials, and mining.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for industrial energy efficiency services. Some of the factors driving the North America industrial energy efficiency services market included rapid growth in the industrial sector, increasing adoption of energy-efficient industrial systems, stringent government standards regarding energy efficiency, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global industrial energy efficiency services market. Detailed profiles of all major companies have been covered, including DuPont de Nemours Inc., Enel Spa, Engie SA, General Electric Company, Honeywell International Inc., Johnson Controls International Plc, Schneider Electric Srbija D.O.O., SGS SA, Siemens Aktiengesellschaft, Veolia Environment, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. How big is the global industrial energy efficiency services market?
- 2. What is the expected growth rate of the global industrial energy efficiency services market during 2024-2032?
- 3. What are the key factors driving the global industrial energy efficiency services market?
- 4. What has been the impact of COVID-19 on the global industrial energy efficiency services market?
- 5. What are the key regions in the global industrial energy efficiency services market?
- 6. Who are the key players/companies in the global industrial energy efficiency services market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Energy Efficiency Services Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Energy Auditing or Consulting
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Product and System Optimization
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Monitoring and Verification
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Petrochemical
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Chemical Industry
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Electric Power
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Textile
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Building Materials
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Mining
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 DuPont de Nemours Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Service Offered
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Enel Spa
- 13.3.2.1 Company Overview
- 13.3.2.2 Service Offered
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Engie SA
- 13.3.3.1 Company Overview
- 13.3.3.2 Service Offered
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 General Electric Company
- 13.3.4.1 Company Overview
- 13.3.4.2 Service Offered
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Honeywell International Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Service Offered
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Johnson Controls International Plc
- 13.3.6.1 Company Overview
- 13.3.6.2 Service Offered
- 13.3.7 Schneider Electric Srbija D.O.O.
- 13.3.7.1 Company Overview
- 13.3.7.2 Service Offered
- 13.3.8 SGS SA
- 13.3.8.1 Company Overview
- 13.3.8.2 Service Offered
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Siemens Aktiengesellschaft
- 13.3.9.1 Company Overview
- 13.3.9.2 Service Offered
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Veolia Environment
- 13.3.10.1 Company Overview
- 13.3.10.2 Service Offered
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.1 DuPont de Nemours Inc.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Industrial Energy Efficiency Services Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Energy Efficiency Services Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Industrial Energy Efficiency Services Market: Breakup by Type (in %), 2023
- Figure 5: Global: Industrial Energy Efficiency Services Market: Breakup by Application (in %), 2023
- Figure 6: Global: Industrial Energy Efficiency Services Market: Breakup by Region (in %), 2023
- Figure 7: Global: Industrial Energy Efficiency Services (Energy Auditing or Consulting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Industrial Energy Efficiency Services (Energy Auditing or Consulting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Industrial Energy Efficiency Services (Product and System Optimization) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Industrial Energy Efficiency Services (Product and System Optimization) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Industrial Energy Efficiency Services (Monitoring and Verification) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Industrial Energy Efficiency Services (Monitoring and Verification) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Industrial Energy Efficiency Services (Petrochemical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Industrial Energy Efficiency Services (Petrochemical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Industrial Energy Efficiency Services (Chemical Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Industrial Energy Efficiency Services (Chemical Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Industrial Energy Efficiency Services (Electric Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Industrial Energy Efficiency Services (Electric Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Industrial Energy Efficiency Services (Textile) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Industrial Energy Efficiency Services (Textile) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Industrial Energy Efficiency Services (Building Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Industrial Energy Efficiency Services (Building Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Industrial Energy Efficiency Services (Mining) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Industrial Energy Efficiency Services (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: North America: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: North America: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: United States: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: United States: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Canada: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Canada: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Asia-Pacific: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Asia-Pacific: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: China: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: China: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Japan: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Japan: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: India: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: India: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: South Korea: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: South Korea: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Australia: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Australia: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Indonesia: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Indonesia: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Others: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Others: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Europe: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Europe: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Germany: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Germany: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: France: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: France: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: United Kingdom: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: United Kingdom: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Italy: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Italy: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Spain: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Spain: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Russia: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Russia: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Latin America: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Latin America: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Brazil: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Brazil: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Mexico: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Mexico: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Middle East and Africa: Industrial Energy Efficiency Services Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Middle East and Africa: Industrial Energy Efficiency Services Market: Breakup by Country (in %), 2023
- Figure 73: Middle East and Africa: Industrial Energy Efficiency Services Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Global: Industrial Energy Efficiency Services Industry: Drivers, Restraints, and Opportunities
- Figure 75: Global: Industrial Energy Efficiency Services Industry: Value Chain Analysis
- Figure 76: Global: Industrial Energy Efficiency Services Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Energy Efficiency Services Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Industrial Energy Efficiency Services Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Industrial Energy Efficiency Services Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Industrial Energy Efficiency Services Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Industrial Energy Efficiency Services Market: Competitive Structure
- Table 6: Global: Industrial Energy Efficiency Services Market: Key Players
