About Energy Consulting Service
Energy consulting services helps to stop energy loss, increase energy efficiency, and lower energy costs. This type of services optimizes the energy consumption, distribution, and supply. It provides the commercial and industrial facility, so that they can provide the best solutions to the customers. The energy consulting services customizes the energy management plan to help meet your goals for energy reduction, process optimisation, and cost savings.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Energy Consulting Service market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wire Group (India), WSP (Canada), Black & Veatch (United States), Ramboll Group (Denmark), Atkins (United Kingdom), Arup (United Kingdom), AlixPartners (United States), Penstein Group (United States) and Cushman & Wakefield (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kimley-Horn (United States), ICF (United States), GL Hearn (United Kingdom) and SMEC (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Energy Consulting Service market by Type (Investment Assessment & Auditing, Permitting & Compliance, Project & Information Management, Monitoring & Testing and Others), Application (Geothermal energy, Hydropower, Nuclear energy and Solar) and Region.
On the basis of geography, the market of Energy Consulting Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users, the sub-segment i.e. Commercial will boost the Energy Consulting Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Implementation of Green Technologies Such as Solar Energy and Wind Energy
Market Growth Drivers:
Increasing Adoption of Energy Efficient Solutions Is Fuelling the Market Growth and Rising Demand for Certified Energy Consultants
Challenges:
Presence of major players may hamper the market growth
Restraints:
Increasing Government Regulations
Opportunities:
Increasing Demand for Implementation of Energy Efficient Solutions and Increasing Awareness about the Use of Clean Energy
Market Leaders and their expansionary development strategies
In December 2021, Accenture Acquired Energy Consulting Firm Zestgroup. Zestgroup, the latest acquisition, supports customer transitions to sustainable energy sources, such as solar, water, heat, wind and biogas, and helps clients achieve net-zero carbon, the seller indicated.
In May 2019, Engie was awarded an energy efficiency performance contract by UAC Berhad It is a Malaysian manufacturing company, to improve energy efficiency by more than 18% electricity costs savings, up to 520 tons of CO2 per year. This agreement was signed to improve the energy efficiency of the compressed air system at UAC.
Key Target Audience
Energy producers, Government associations, Research organisations, software vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.