Global Energy Consulting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Energy Consulting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The energy consulting industry is a sub-discipline of environmental consulting, focusing on optimizing the energy use of enterprises and the source of actual energy. Energy consultation usually focuses on reducing operating costs, specifically identifying the problem of reducing energy efficiency, and ensuring the efficient, economical and sustainable procurement, scheduling and use of energy. Helping customers to assess, understand and implement can reduce the organization's carbon footprint and overall energy use, and provide suggestions on how to change this situation.

Market Overview:

The latest research study on the global Energy Consulting market finds that the global Energy Consulting market reached a value of USD 17101.71 million in 2022. It’s expected that the market will achieve USD 23526.98 million by 2028, exhibiting a CAGR of 5.46% during the forecast period.

Drivers

Energy transition drives industry development

The energy industry includes fossil fuels, nuclear energy, renewable energy, power generation, transmission and distribution, etc., and is the cornerstone of the economic development of countries, enterprises and individuals. The energy transition is happening right now, and it's happening fast. More and more companies are setting decarbonization goals, buying greener energy and implementing smart technologies. Intelligent strategic analysis, better data support, more objective contract selection advice and intelligent risk management. This has a significant impact on the entire value chain of the energy consulting industry. Driven by multiple external factors such as transportation and heating electrification, with increased corporate demand and increased customer activity, the energy consulting industry will usher in a series of opportunities for business growth and industry-leading development.

Limitations

Lack of comprehensive skilled personnel

Energy consulting experts not only need to understand the energy market, but also master corporate management strategies, risk management knowledge, timely updated regulatory knowledge, the application of related energy technologies, etc. Comprehensive talents are an important part of market development, which not only guarantees the quality of the industry but also helps to explore the development areas and service characteristics of the industry. The lack of comprehensive talents limits the expansion of the industry.

Opportunities

Global energy crisis

The rising global energy prices are increasingly affecting enterprises and consumers, and it is difficult to alleviate them in the short term. The high investment also brings continuous pressure on power grid operation and transmission costs. Supply chain disruption and rising energy prices caused by the Russian-Ukrainian conflict also have an impact on global power generation. The high cost of liquefied natural gas and other fuels has led to the shutdown of some generator sets. In addition, drought may also make the cooling water of hydropower or thermal generators urgent, resulting in a shortage of power supply. In addition to extreme temperatures, severe weather conditions in the Atlantic, Pacific, and Indian Ocean basins may cause direct damage to the power infrastructure, while floods and other weather influences may cause indirect damage. Therefore, climate change may affect seasonal temperature and weather patterns and pose a greater threat to the reliability of the power supply. Security incidents affecting power infrastructure may cause local power supply interruption in some countries and regions. It is both a challenge and an opportunity for the energy consulting industry.

Company Overview:

Accenture
Accenture plc is a multinational company headquartered in Ireland, providing consulting and professional services.

Engie Impact

ENGIE Impact, a sustainability & energy management company, partners with multi-site businesses that aim to thrive in a sustainable world.

Accenture is one of the major players operating in the Energy Consulting market, holding a share of 11.84% in 2022.

Segmentation Overview:

Reducing Energy Costs
Energy consultants help optimize energy use in buildings and investment portfolios to reduce energy consumption, thereby reducing utility bills and carbon emissions. Energy consulting service experts can work together to guide the financing and implementation of complex energy efficiency projects, as well as the impact of operation and maintenance, so as to ensure that customers achieve maximum energy cost savings. Energy consultants work with client companies to identify and implement energy cost savings opportunities in buildings and investment portfolios that meet financial and investment return requirements.

Managing Risks

The management of risks associated with the energy industry has become more and more complex. Energy risk management involves the process of accurately positioning, evaluating and prioritizing risks associated with uncertainties in the energy market. Controlling energy risks can provide companies such as oil and gas producers, power suppliers, and natural gas utility companies with greater market guarantees. Consulting companies usually have a good understanding of the energy industry, and they can help companies develop reliable energy risk management plans.

By type, Reducing Energy Costs segment accounted for the largest share of market in 2021.

Application Overview:

Large Enterprises
Large Enterprises pays particular attention to risk management, especially energy companies. Risk management can help companies avoid risks. Large companies also attach great importance to social responsibility. The implementation of sustainable strategies helps companies establish a sense of social responsibility.
SMEs

There are a large number of SMEs in the market, and the production and development of enterprises are subject to strict energy supervision, and enterprises also attach great importance to energy management. Experts based on consulting companies are more specialized in energy issues, and the demand for energy consulting is increasing.

The market's largest segment by application is the segment Large Enterprises, with a market share of 71.59% in 2021.

Key Companies in the global Energy Consulting market covered in Chapter 3:

Accenture
E&C Energy Consulting
Enel X
Energy Edge Consulting
AFRY
Antea Group
Consultus
Verde Solutions
ISG Enterprise Energy Solutions
Engie Impact
NV5
Arthur D. Little
360 Energy Group
Tradition Energy
NUS Consulting

In Chapter 4 and Chapter 14.2, on the basis of types, the Energy Consulting market from 2018 to 2029 is primarily split into:

Reducing Energy Costs
Managing Risks
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Energy Consulting market from 2018 to 2029 covers:

Large Enterprises
SMEs
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)