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Global Industrial Energy Efficiency Services Market to Grow at a CAGR of 6.26% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Industrial Energy-Efficiency Services Market 2016 - 2020” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 02/01/2017 -- 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://www.marketresearchreports.com/technavio/global-industrial-energy-efficiency-services-market-2016-2020

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