Press release
Key Energy Consulting Market Trend for 2025-2034: Key Players Revolutionize Power System Modeling With Enhanced Solutions
"What Is the Future Outlook for the Energy Consulting Market's Size and Growth Rate?The energy consulting market has experienced strong growth in recent years. It is projected to expand from $17.72 billion in 2024 to $18.69 billion in 2025, at a compound annual growth rate (CAGR) of 5.5%. The growth is driven by the renewable energy revolution, energy security concerns, energy liberalization and deregulation, environmental concerns, and the rise of electricity.
The energy consulting market will grow to $22.01 billion by 2029 at a CAGR of 4.2%, influenced by energy transition, decarbonization goals, and energy-as-a-service models. Key trends include energy efficiency solutions, renewable deployment, and smart grid systems.
What Is Stimulating Growth in the Energy Consulting Market?
The increasing demand for energy efficiency is expected to propel the energy consulting market. Energy efficiency refers to the effectiveness of systems or devices in converting energy into useful output while minimizing waste. As environmental sustainability and energy costs become more pressing concerns, there is growing demand for energy-efficient solutions. Energy efficiency consulting helps optimize energy usage in facilities, reducing consumption and costs while improving environmental impact. For instance, in November 2023, the International Energy Agency reported that energy efficiency improved by 2% in 2022, with a forecasted decrease to 1.3% in 2023. A 1.7% rise in energy demand in 2023 is contributing to this reduced improvement. Therefore, the demand for energy efficiency is propelling the energy consulting market.
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Which Key Market Leaders Are Driving Energy Consulting Industry Growth?
Major companies operating in the energy consulting market are Accentur*e 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
What Are the Main Segments in the Energy Consulting Market?
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,
Subsegments:
1) By Reducing Energy Costs: Energy Efficiency Audits, Renewable Energy Solutions, Energy Procurement Strategies, Energy Storage Systems, Demand Response Programs, Energy Consumption Monitoring And Management
2) By Managing Risks: Energy Price Hedging, Regulatory Compliance, Risk Assessment And Mitigation, Carbon Emissions Management, Supply Chain Risk Management, Disaster Recovery And Business Continuity Planning
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Which Geographic Area Leads the Energy Consulting Market?
North America was the largest region in the energy consulting market in 2024. The regions covered in the energy consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Energy Consulting Global Market Report?
- Market Size Analysis: Analyze the Energy Consulting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Energy Consulting Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Energy Consulting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Energy Consulting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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