Valued to be $11.5 Billion by 2026, Industrial Energy-Efficiency Services Slated for Robust Growth Worldwide
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SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Energy-Efficiency Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
- Global competitiveness and key competitor percentage market shares
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Edition: 6; Released: January 2022
Executive Pool: 18062
Companies: 46 - Players covered include Dalkia; DowDuPont, Inc.; ENGIE Group; Honeywell Process Solutions; ista Energy Solutions Ltd.; Johnson Controls, Inc.; Schneider Electric SA; SGS SA; Siemens AG and Others.
Coverage: All major geographies and key segments
Segments: Segment (Auditing & Consulting, Product & System Optimization (P&SO), Monitoring & Verification (M&V))
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World
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ABSTRACT-
Global Industrial Energy-Efficiency Services Market to Reach $11.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Energy-Efficiency Services estimated at US$8.7 Billion, is projected to reach a revised size of US$11.5 Billion by 2026, growing at a CAGR of 4.6% over the analysis period. Auditing & Consulting, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$5.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Product & System Optimization (P&SO) segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $2 Billion by 2026
The Industrial Energy-Efficiency Services market in the U.S. is estimated at US$2.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2026 trailing a CAGR of 4.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Monitoring & Verification (M&V) Segment to Reach US$3.9 Billion by the year 2026
In the global Monitoring & Verification (M&V) segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion will reach a projected size of US$3.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
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