ENERGY CONSULTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global energy consulting market is estimated to be valued at USD 17.16 Bn in 2024 and is expected to reach USD 24.56 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Energy consulting services help organizations reduce costs, optimize processes, comply with environmental regulations, and develop sustainable energy strategies. Consulting firms provide a range of services including energy assessments, auditing and testing, development of renewable energy sources, and retrofitting and upgrading facilities for higher efficiency. With growing concerns around reducing carbon footprint and energy security, the demand for energy consulting is on the rise across industries like oil & gas, manufacturing, utilities, and commercial buildings to improve efficiency and transition to cleaner sources of energy.
Market Dynamics
The global energy consulting market is driven by the need for energy optimization and management across industries. Stringent government regulations regarding energy efficiency and carbon emission cuts are also prompting industries to seek consulting. For instance, the European Union had set targets in 2023 to reduce at least 32.5% of greenhouse gas emissions by 2030 from 2005 levels. The market is also presented with opportunities with increasing investments in renewable energy sources globally. However, budget constraints of SMEs and lack of technical knowhow are restraining the demand to some extent. Moreover, shifting priorities of organizations due to ongoing pandemic situations also impacts market growth.
Key Features of the Study
- This report provides in-depth analysis of the global energy consulting market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global energy consulting market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Deloitte Consulting LLP, Accenture plc, McKinsey & Company, Boston Consulting Group (BCG), Wood Mackenzie, IHS Markit Ltd., Navigant Consulting, Inc., KPMG International, Jacobs Engineering Group, Golder Associates, RINA S.p.A., Enviros Consulting Ltd., Ecofys (a Navigant company), SgurrEnergy (a Wood Group company), and Eversheds Sutherland
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global energy consulting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global energy consulting market
Market Segmentation
Market Segmentation
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