The report forecasts the global industrial energy efficiency services market to grow at a CAGR of 6.26% during the period 2016-2020.
The Global Industrial Energy Efficiency Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is positive brand image. Corporate Social Responsibility (CSR) initiatives help companies present a positive brand image to the public. Industries worldwide are adopting energy-efficiency services to project a positive image of an environmentally responsible organization, attract investors interested in sustainable business practices, and increase share value. In addition, these systems help companies obtain green energy certificates and rebates from energy-efficiency departments in their countries.
Further, the report states that one challenge in the market is narrow margin of error in critical industrial facilities. Generally, critical industrial facilities involving specialized processes where the energy price is a significant cost of operation are ready to pay the kind of fees that ESCOs demand. However, industries typically expect exceptionally good service standards and include stringent liability clauses in agreements in to avoid setbacks in the plan. In the market, there is a very small number of ESCOs that can execute a critical industrial project with the stipulated shutdown time while simultaneously satisfying quality and performance criteria. These kinds of projects are operated by sector-specific, process-focused, and highly specialized ESCOs.
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by service
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/dnwhzk/global_industrial
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-industrial-energy-efficiency-services-market-2016-2020---corporate-social-responsibility-csr-initiatives-driving-growth---research-and-markets-300383398.html
SOURCE Research and Markets