Energy Consulting Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The energy consulting market size has grown strongly in recent years. It will grow from $17.72 billion in 2024 to $18.69 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to renewable energy revolution, energy security concerns, energy liberalization and deregulation, environmental concerns, rise of electricity.

The energy consulting market size is expected to see steady growth in the next few years. It will grow to $22.01 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to energy transition, decarbonization goals, energy-as-a-service models, industrial revolution, increased government regulations. Major trends in the forecast period include innovative solutions for energy efficiency, renewable energy deployment, grid modernization, smart grid systems, digitalization, carbon capture, utilization, and storage (CCUS).

The increasing demand for energy efficiency is expected to drive the growth of the energy consulting market. Energy efficiency measures how effectively a system or device converts input energy into useful output while minimizing waste. With rising concerns about environmental sustainability, energy costs, and resource conservation, businesses, governments, and individuals are increasingly seeking energy-efficient solutions to reduce carbon emissions, conserve natural resources, and lower energy usage. Energy efficiency consulting involves analyzing and optimizing energy usage in various facilities to reduce consumption, cut costs, and improve environmental impact. For example, in November 2023, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that energy efficiency improved by 2% in 2022, though it is expected to slow to 1.3% in 2023. Additionally, a 1.7% increase in energy demand in 2023, up from 1.3% in 2022, is partly responsible for this decline in energy intensity improvement. Consequently, the rising demand for energy efficiency solutions is propelling the growth of the energy consulting market.

Major companies in the energy consulting market are concentrating on developing advanced technological solutions, such as power system analysis software, to tackle challenges related to power system modeling. These solutions are crucial for optimizing and ensuring the reliability of electrical grids by analyzing and managing complex power flow, stability, and fault scenarios. For example, in July 2023, GE Vernova, a US-based energy consulting company, introduced the redesigned Positive Sequence Load Flow Analysis (PSLF) software, providing customers with a faster and more efficient way to model their power systems. The use of PSLF software in energy consulting enables engineers to examine transfer limitations, perform economic dispatch, simulate power transfer across transmission grids, and study power system behavior under various conditions. This updated version of PSLF software features seamless data and visual integration on a future-proof platform, while retaining the fast and reliable core algorithms that PSLF users depend on. The upgrade includes enhanced data editing features, improved data visualization and analysis tools, as well as innovative drag-and-drop and one-line drawing functionalities. Built on the latest software technology platform, GE's updated PSLF software offers new capabilities for system planners and operators, all while ensuring continued reliability.

In January 2024, SLR Consulting strengthened its position in the energy consulting market through the acquisition of ITPEnergised. This strategic move combines ITPEnergised's technical advisory services with SLR's environmental and technical consultancy expertise, forming one of the largest consultancies dedicated to serving the renewables sector. ITPEnergised brings specialized expertise in energy, environmental, engineering, and planning sectors, complementing SLR's capabilities and expanding its footprint in the renewables industry.

Major companies operating in the energy consulting market are Accenture 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.

North America was the largest region in the energy consulting market in 2024. The regions covered in the energy consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the energy consulting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The energy consulting market includes revenues earned by entities providing services such as energy audits and assessments, energy management and planning, renewable energy integration, resilience planning, carbon footprints through emissions tracking, and sustainability initiatives. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Energy consulting is the professional practice of analyzing and optimizing an organization's or individual's energy consumption to achieve various objectives such as reducing costs, improving efficiency, and promoting sustainability. This involves assessing current energy usage patterns, identifying opportunities for improvement, and developing tailored strategies and recommendations to minimize energy consumption. Energy consultants work closely with businesses, homeowners, and other stakeholders to develop comprehensive plans for reducing energy usage in buildings and facilities.

The main types of energy consulting encompass reducing energy costs and managing risks. Reducing energy costs involves minimizing energy consumption to achieve similar outcomes or tasks, thus decreasing energy bills and enhancing affordability. Energy consulting aims to assist businesses and organizations in optimizing energy usage and reducing overall energy expenses. These services and solutions can be deployed through on-premise, cloud, and hybrid models, catering to both large enterprises and small and medium enterprises (SMEs). Various end-user industries benefit from energy consulting, including banking, financial services, and insurance (BFSI), healthcare, energy and utilities, information technology and telecommunications, retail and e-commerce, manufacturing, government and defense, media and entertainment, among others.

The energy consulting research report is one of a series of new reports that provides energy consulting market statistics, including the energy consulting industry's global market size, regional shares, competitors with an energy consulting market share, detailed energy consulting market segments, market trends and opportunities, and any further data you may need to thrive in the energy consulting industry. This energy consulting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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