Global Energy Consulting Market Report 2024: Size, Drivers, And Top Segments
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The energy consulting market has shown robust growth, progressing from $16.76 billion in 2023 to $17.72 billion in 2024, with a CAGR of 5.7%. This growth is attributed to factors such as renewable energy adoption, energy security concerns, market liberalization, and environmental awareness. Looking ahead to 2028, the market is projected to reach $21.17 billion, with a CAGR of 4.5%, driven by energy transition goals and digitalization initiatives. Major trends include solutions for energy efficiency, renewable energy deployment, smart grids, and advancements in carbon capture and storage.
The escalating demand for energy efficiency drives the expansion of the energy consulting market. Businesses, governments, and individuals seek energy-efficient solutions to mitigate environmental impact, cut carbon emissions, and reduce energy usage. Energy efficiency consulting involves analyzing and optimizing energy usage in various facilities to minimize consumption and costs while enhancing environmental sustainability. Notably, according to the International Energy Agency (IEA), energy efficiency improved significantly in 2022, with projections showing continued growth. With the energy consulting market anticipated to reach $X billion by 2028, the increasing demand for energy efficiency is a significant driver of market expansion.
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What Are The Key Trends That Influence Energy Consulting Market Share Analysis?
Major companies in the energy consulting market are focusing on advanced technological solutions like power system analysis software to meet challenges in power system modeling. These solutions optimize electrical grid reliability by analyzing power flow, stability, and fault scenarios. For example, GE Vernova introduced the re-envisioned Positive Sequence Load Flow Analysis (PSLF) software in July 2023. This updated software enhances power system modeling with advanced data editing, visualization, and analysis tools, leveraging AI for improved system planning and operation.
Which Market Players Are Driving Growth In The Energy Consulting Market?
Major companies operating in the market areAccenture 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
How Is The Global Energy Consulting Market Segmented?
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,
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The Energy Consulting Global Market Report 2024 provides an overview of the energy consultingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The energy consulting market forecast analyzes energy consulting market size, energy consulting market share, leading competitor and their market positions.
The Table Of Content For The Energy Consulting Market Include
1. Energy Consulting Market Executive Summary
2. Energy Consulting Market Segments
3. Energy Consulting Market Size And Template Market Growth Rate
4. Key Energy Consulting Market Trends
5. Major Energy Consulting Market Drivers
……
25. Key Mergers And Acquisitions In The Energy Consulting Market
26. Top Energy Consulting Companies
27. Energy Consulting Market Opportunities And Strategies
28. Energy Consulting Market, Conclusions And Recommendations
29. Appendix
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