NEW YORK, June 29, 2021 /PRNewswire/ —
Technavio has been monitoring the industrial energy efficiency services market, operating under the industrials sector. The latest report on the industrial energy efficiency services market, 2020-2024, estimates it to register an incremental growth of by USD 2.09 bn, at a CAGR of about 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 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 are among some of the major market participants.
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Growing awareness about environmental impact and sustainability has been instrumental in driving the growth of the market. Reduction in emissions due to the adoption and usage of energy-efficient systems is one of the major factors driving the adoption of the industrial energy efficiency services market during the forecast period. However, the higher cost of energy-efficient equipment may be a bigger challenge among the extremely price-sensitive customers, especially in emerging economies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Industrial Energy Efficiency Services Market 2020-2024: Segmentation Analysis
Based on geographic segmentation, 35% of the market’s growth originated from North America during the forecast period. The presence of large manufacturing facilities having high installed capacity will lead the region to contribute to this growth. In addition, EA and C services led the market growth and will continue to witness considerable growth as more and more companies engage in consulting and data recording services for the various equipment used across the industries. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrials energy efficiency services market size.
- EA And C
- M And V
- P And SO
- Geographic Landscape
- North America
- South America
Industrial Energy Efficiency Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial energy efficiency services market report covers the following areas:
- Industrial Energy Efficiency Services Market Size
- Industrial Energy Efficiency Services Market Trends
- Industrial Energy Efficiency Services Market Industry Analysis
This study identifies a rise in focus on using renewable energy as one of the prime trends driving the industrial energy efficiency services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Industrial Energy Efficiency Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist industrial energy efficiency services market growth during the next five years
- Estimation of the industrial energy efficiency services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial energy efficiency services market
- 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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Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- EA and C – Market size and forecast 2019-2024
- M and V – Market size and forecast 2019-2024
- P and SO – Market size and forecast 2019-2024
- Market opportunity by Service
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Competitive scenario
- Vendors covered
- Market positioning of vendors
- 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
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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