Report forecast the global industrial energy efficiency
services market to grow at a CAGR of 6.26% during the period 2016-2020.
Energy-efficiency services provide a promising opportunity
to the industrial sector to achieve greenhouse gas emissions reductions. ESCOs
are already operating successfully in developed countries, primarily in North
America and Western Europe. Despite gaining some moderate success in countries
such as South Korea and Brazil, ESCOs are yet to gain a significant share in
developing countries. China has become a notable exception. The country
experienced a massive growth in the ESCO industry and achieved an annual
investment of approximately $3 billion in energy-efficiency services in 2014.
The report covers the present scenario and the growth
prospects of the global industrial energy efficiency services market for
2016-2020. To calculate the market size, the report considers the revenue
generated from diagnostic consulting, auditing, product and system
optimization, and measurement and verification (M&V) services for
calculating the market value in the process and discrete industries.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market is
positive brand image. Corporate Social Responsibility (CSR) initiatives help
companies present a positive brand image to the public. Industries worldwide
are adopting energy-efficiency services to project a positive image of an
environmentally responsible organization, attract investors interested in
sustainable business practices, and increase share value. In addition, these
systems help companies obtain green energy certificates and rebates from
energy-efficiency departments in their countries.
Further, the report states that one challenge in the market
is narrow margin of error in critical industrial facilities. Generally,
critical industrial facilities involving specialized processes where the energy
price is a significant cost of operation are ready to pay the kind of fees that
ESCOs demand. However, industries typically expect exceptionally good service
standards and include stringent liability clauses in agreements in to avoid
setbacks in the plan. In the market, there is a very small number of ESCOs that
can execute a critical industrial project with the stipulated shutdown time
while simultaneously satisfying quality and performance criteria. These kinds
of projects are operated by sector-specific, process-focused, and highly
specialized ESCOs.
Global Industrial Energy Efficiency Services Market
2016-2020, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
key players in the global industrial energy efficiency
services market: Siemens, Honeywell, TERI, and DuPont.
Other Prominent Vendors in the market are: Dalkia, ENGIE,
Getec, ista, Johnson Controls, Schneider Electric, SGS, and Wood.
Market driver
- Support from regulatory bodies for energy-efficiency services.
- For a full, detailed list, view our report
Market challenge
- Client preference for in-house energy-efficiency solutions and other priorities.
- For a full, detailed list, view our report
Market trend
- Increased use of standards for energy-efficiency investments and their documentation.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages and 31 Exhibits “Global
Industrial Energy-Efficiency Services Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by service, Geographical segmentation, Market
drivers, Impact of drivers, Market challenges, Impact of drivers and challenges,
Market trends, Vendor landscape, Appendix.
For
more information Visit at: http://mrr.cm/3RV
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