The global energy ESO market is facing challenges due to growing environmental concerns around the world. Various governments are placing bans and regulations on the usage of fossil fuels to generate energy in order to reduce carbon emissions. This is negatively impacting the revenue stream of traditional energy companies.
Opportunities: Growing focus on renewable sources of energy
Environmental regulations are driving huge opportunities for energy service companies. The focus on renewable sources of energy, such as solar and wind, is increasing tremendously. This is leading to a massive demand for engineering, procurement, and construction (EPC) services for new solar and wind projects. Companies delivering energy management services are witnessing high growth as industries seek to optimize energy consumption through their initiatives.
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