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Global Industrial Energy Efficiency Services Market 2019-2023 | Growing Adoption of IoT to Boost Growth | Technavio

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LONDON--(BUSINESS WIRE)--Dec 7, 2018--The global industrial energy efficiency services market research report by predicts the market to post a CAGR of close to 6% during the period 2019-2023.

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Technavio has released a new market research report on the global industrial energy efficiency services market for the period 2019-2023. (Graphic: Business Wire)

A key driver for the global industrial energy efficiency services market is the growing awareness of environmental impact and sustainability. The development and use of energy-efficient technologies are becoming the major focus for sustainable development practices globally. The energy that is consumed or the amount of fuel that needs to be burnt in any industrial premises is directly impacted by the increase in the adoption of energy-efficient systems. A reduction in energy production results in lower fuel consumption and lesser emissions.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the growing adoption of IoT to leverage the energy efficiency potential as one of the key trends in the global industrial energy efficiency services market:

Global industrial energy efficiency services market: Growing adoption of IoT to leverage the energy efficiency potential

IoT will be the future technology adopted by utility companies and electricity aggregators to distribute power between grids and consumers. The benefits of IoT have been continuously increasing the adoption rate of smart devices into grids and consumer premises. The utility and electricity aggregators are focusing on implementing automation extensively to experience control over transmission and distribution systems over the Internet.

“The electricity aggregators are planning to deploy two-way communication devices in demand response programs. The two-way communication devices can use Wi-Fi or cellular networks to couple with smart data analytics and engineering. Additionally, they can offer valuable insights to utilities and electricity aggregators,” says a senior research analyst at Technavio.

Global industrial energy efficiency services market: Segmentation analysis

This industrial energy efficiency services market analysis report segments the market by service (EA&C, M&V, and P&SO) and geography (the Americas, APAC, and EMEA).

The EA&C segment held the largest industrial energy efficiency services market share in 2017, accounting for around 43% of the market. This segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2018 with more than 45% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 12/07/2018 09:50 AM/DISC: 12/07/2018 09:50 AM