PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424554
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1424554
Industrial Energy Efficiency Market, By Offering, Software & Solutions), By End-use Industry, By Geography
The industrial energy efficiency market size is expected to reach US$ 41.21 Bn by 2030, from US$ 23.13 Bn in 2023, growing at a CAGR of 8.6% during the forecast period.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023/2024: | US$ 23.13 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 8.60% | 2030/2031 Value Projection: | US$ 41.21 Bn |
Industrial energy efficiency refers to the practice of optimizing energy consumption in industrial processes to reduce energy waste and increase operational efficiency. As energy costs continue to rise and environmental concerns intensify, industries around the world are increasingly focusing on improving their energy efficiency. The industrial sector is one of the largest energy consumers, accounting for a significant portion of global energy use. Energy efficiency measures play a crucial role in reducing greenhouse gas emissions and addressing climate change. By adopting energy-efficient technologies and practices, industries can not only save on energy costs but also contribute to a more sustainable and environmentally friendly future.
Market Dynamics:
The market growth for industrial energy efficiency are driven by several factors that shape the industry landscape. Key drivers include increasing energy costs, rising environmental concerns, and favorable government regulations promoting energy conservation. Industries are increasingly recognizing the benefits of improving energy efficiency, such as cost savings, enhanced competitiveness, and reduced carbon footprint. However, there are also challenges and restraints that need to be addressed. These include high upfront costs of energy-efficient technologies, lack of awareness and technical expertise, and the complexity of retrofitting existing industrial facilities.
Despite the challenges, there are significant opportunities in the Industrial Energy Efficiency market. Technological advancements, such as Internet of Things (IoT)-enabled energy management systems, artificial intelligence, and advanced data analytics, offer innovative solutions to optimize energy consumption in industrial processes. Moreover, the growing emphasis on sustainability and corporate social responsibility provides opportunities for companies to differentiate themselves by offering energy-efficient solutions.
Key features of the study:
- This report provides in-depth analysis of the global industrial energy efficiency market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 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 approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global industrial energy efficiency 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 Siemens, General Electric, ABB, Johnson Controls, Schneider Electric, Honeywell, Eaton Corporation, Rockwell Automation, Emerson Electric, Mitsubishi Electric, Yokogawa Electric, Veolia Environnement, SGS, Enel X, Wartsila, Danfoss, Hitachi, Legrand, Ingersoll Rand, and Schneider Electric
- 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 industrial energy efficiency 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 industrial energy efficiency market
Industrial Energy Efficiency Market Detailed Segmentation:
- By Offering
- Equipment
- Pumps
- Motors
- Fans
- Compressors
- Heating
- Ventilation
- Air Conditioning
- Refrigeration
- Others
- Systems
- Distributed Control Systems
- Supervisory Control and Data Acquisition Systems
- Energy Management Systems
- Utility Control Systems
- Building Automation Systems
- Others
- Services
- System Optimization & Maintenance
- Consulting & Training
- Others
- Software & Solutions
- By End-use Industry
- Oil & Gas
- Upstream
- Midstream
- Downstream
- Power
- Power Generation
- Power Transmission & Distribution
- Mining
- Pulp & Paper
- Food & Beverage
- Petrochemical & Chemicals
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players
- Siemens
- General Electric
- ABB
- Johnson Controls
- Schneider Electric
- Honeywell
- Eaton Corporation
- Rockwell Automation
- Emerson Electric
- Mitsubishi Electric
- Yokogawa Electric
- Veolia Environnement
- SGS
- Enel X
- Wartsila
- Danfoss
- Hitachi
- Legrand
- Ingersoll Rand
- Schneider Electric
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Industrial Energy Efficiency, By Offering
- Market Industrial Energy Efficiency, By End-use Industry
- Market Industrial Energy Efficiency, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Supportive Government Policies and Regulations
- High Upfront Costs
- Integration with Renewable Energy Sources Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Industrial Energy Efficiency Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Industrial Energy Efficiency Market, By Offering, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
- Motors
- Pumps
- Fans
- Heating
- Compressors
- Ventilation
- Air Conditioning
- Refrigeration
- Others
- Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
- Distributed Control Systems
- Supervisory Control and Data Acquisition Systems
- Energy Management Systems
- Utility Control Systems
- Building Automation Systems
- Others
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
- System Optimization & Maintenance
- Consulting & Training
- Others
- Software & Solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
6. Industrial Energy Efficiency Market, By End-use Industry, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
- Upstream
- Midstream
- Downstream
- Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
- Power Generation
- Power Transmission & Distribution
- Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
- Pulp & Paper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
- Food & Beverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
- Petrochemical & Chemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Mn)
7. Industrial Energy Efficiency Market, By Region, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 -2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Offering, 2019-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2019-2030, (US$ Mn)
- U.S
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Offering, 2019-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2019-2030, (US$ Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Offering, 2019-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2019-2030, (US$ Mn)
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Offering, 2019-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2019-2030, (US$ Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Offering, 2019-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2019-2030, (US$ Mn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
8. Competitive Landscape
- Siemens
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- General Electric
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- ABB
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Johnson Controls
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Schneider Electric
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Honeywell
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Eaton Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Rockwell Automation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Emerson Electric
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Mitsubishi Electric
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Yokogawa Electric
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Veolia Environment
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- SGS
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategie
- Enel X
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
9. Section
- Research Methodology
- About us
