Industrial Energy Efficiency Services Market | General Electric Co. and Enel Spa – Prominent Market Vendors | Technavio

NEW YORK, June 29, 2021 /PRNewswire/ —
Technavio has been monitoring the industrial energy…

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. 

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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.

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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.

  • Service
    • EA And C
    • M And V
    • P And SO
  • Geographic Landscape
    • North America
    • Europe
    • APAC
    • South America
    • MEA

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:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • 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

Customer landscape

Geographic Landscape

  • 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

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • 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

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Report: www.technavio.com/report/industrial-energy-efficiency-services-market-industry-analysis

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