The energy consulting global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Energy Consulting Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The energy consulting market size has grown strongly in recent years. It will
grow from $16.76 billion in 2023 to $17.72 billion in 2024 at a compound annual
growth rate (CAGR) of 5.7%. The growth
in the historic period can be attributed to renewable energy revolution, energy
security concerns, energy liberalization and deregulation, environmental
concerns, rise of electricity.
The energy consulting market size is expected to see steady growth in the next
few years. It will grow to $21.17 billion in 2028 at a compound annual growth
rate (CAGR) of 4.5%. The growth in the
forecast period can be attributed to energy transition, decarbonization goals,
energy-as-a-service models, industrial revolution, increased government
regulations. Major trends in the forecast period include innovative solutions
for energy efficiency, renewable energy deployment, grid modernization, smart
grid systems, digitalization, carbon capture, utilization, and storage (CCUS).
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Scope Of Energy Consulting Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Energy Consulting Market Overview
Market Drivers -
The increasing demand for energy efficiency is expected to propel the growth of
the energy consulting market going forward. Energy efficiency is the measure of
how effectively a system or device converts input energy into useful output
while minimizing waste. Businesses, governments, and individuals
demand energy-efficient solutions to cut carbon emissions, conserve
natural resources, and reduce energy usage as environmental
sustainability, energy costs, and resource conservation concern continues
to grow. Energy efficiency consulting involves the analysis and
optimization of energy usage in various facilities to reduce energy consumption
and costs while improving environmental impact. For instance, in November 2023,
according to the International Energy Agency (IEA), a France-based autonomous
intergovernmental organization, energy efficiency improved significantly by 2%
in 2022, and it's projected to drop to 1.3% in 2023. Moreover, a 1.7% rise in
energy demand in 2023 compared to 1.3% in 2022 is mostly responsible for the
lower energy intensity improvement rate. Therefore, the increasing demand for
energy efficiency is driving the growth of the energy consulting market.
Market Trends -
Major companies operating in the energy consulting market are focused on
developing advanced technological solutions, such as power system analysis
software, to meet their power system modeling challenges. These solutions are
essential for optimizing and ensuring the reliability of electrical grids by
analyzing and managing complex power flow, stability, and fault scenarios. For
instance, in July 2023, GE Vernova, a US-based energy consulting services
company, launched the new, re-envisioned Positive Sequence Load Flow Analysis
(PSLF) software, offering customers a faster and more efficient way to model
their power systems. The use of PSLF software in energy consulting allows
engineers to examine transfer limitations, execute economic dispatch, simulate
power transfer across transmission grids, and research power system behavior
under different conditions. This re-envisioned PSLF software incorporates
seamless data and visual integration on a future-ready platform, maintaining
the powerful and fast-core algorithms that PSLF users rely on. The update
includes advanced data editing features, improved data visualization, and
analysis tools, and innovative drag-and-drop and one-line drawing capabilities.
It is built on the latest software technology platform, and GE's re-envisioned
PSLF maintains reliability while introducing new capabilities for system
planners and operators.
The energy consulting market covered in this report is segmented –
1) By Type: Reducing Energy Costs, Managing Risks
2) By Component: Solution, Services
3) By Deployment Model: On-Premise, Cloud, Hybrid
4) By Application: Large Enterprises, Small And Medium Enterprises (SMEs)
5) By Industry: Banking, Financial Services And Insurance (BFSI), Healthcare,
Energy And Utility, Information Technology And Telecommunication, Retail And
E-Commerce, Manufacturing, Government And Defense, Media And Entertainment,
Other Industries,
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Regional Insights -
North America was the largest region in the energy consulting market in 2023.
The regions covered in the energy consulting market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the energy consulting market are Accenture plc,
Schneider Electric SE, Arthur D. Little Inc., Tradition Energy, Stantec Inc.,
AFRY AB, Arup Group Limited, Ramboll Group, ICF International Inc., Enel X, Clearway
Energy Group LLC, The ERM International Group Limited, Golder Associates, RPS
Group PLC, NV5 Global Inc., ENGIE Impact, ISG Enterprise Energy Solutions,
Conservice LLC, NUS Consulting, Antea Group, The Consultus International Group,
E&C Energy Consulting, Energy Edge Consulting LLC, Facility Engineering
Associates P.C., American Utility Management Inc., Verde Solutions LLC,
Iconergy Ltd., 360 Energy Group
Table of Contents
1. Executive Summary
2. Energy Consulting Market Report Structure
3. Energy Consulting Market Trends And Strategies
4. Energy Consulting Market – Macro Economic Scenario
5. Energy Consulting Market Size And Growth
…..
27. Energy Consulting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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