What is Digital Energy Consulting and Management Market?
Digital Energy Consulting and Management is the natural movement of real-time information transferred among both electricity suppliers and customers. It will transform everyone involved in the fuel, electricity, and gas industries. The spread of always-on broadband connections, market liberalization, the rise of merchant generators, and wholesale power trading have all accelerated the process of energy digitization. Energy consultants assist businesses in understanding their energy usage and providing recommendations on how to improve it. Environmental issues and sustainable energy sources are frequently useful.
|Unit||Value (USD Million)|
|Key Companies Profiled||GE Energy Consulting (United States), Accenture (Ireland), Digital Energy Solutions (Germany), Cognizant (United States), BCG (United States), Deloitte (United Kingdom), Ramboll Group (Denmark), Wipro (India), Capgemini Inven (France) and IBM Corporation (United States)|
The market study is being classified by Type (Design and Analysis, Testing and Commissioning, Field service and Other), by Application (Residential and Commercial) and major geographies with country level break-up.
The local and major companies are exploring the market by adopting mergers & acquisitions, new technology expansions, investments, new launches, and collaborations as their preferred strategies. The major players are exploring new geographic regions through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the oil & gas industry. Several companies such as IBM, Accenture are operating in the market to provide customers better offer with various features & unique offerings. The market is a partially fragmented market with the presence of large market players and local players. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Digital Energy Consulting and Management market throughout the forecasted period. GE Energy Consulting (United States), Accenture (Ireland), Digital Energy Solutions (Germany), Cognizant (United States), BCG (United States), Deloitte (United Kingdom), Ramboll Group (Denmark), Wipro (India), Capgemini Inven (France) and IBM Corporation (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Honeywell International Inc. (United States), Rockwell Automation Inc. (United States), SAP SE (Germany), Siemens (Germany) and Others.
Analyst at AMA Research have segmented the market study of Global Digital Energy Consulting and Management market by Type, Application and Region.
On the basis of geography, the market of Digital Energy Consulting and Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasingly Complex Modern Digital Energy Systems
- Enabling Progress toward Continuous Digital Energy Efficiency Improvements
- Business process automation is an emerging digital transformation trend that companies must have in the upcoming year
- Renewable Energy Helps To Safeguard the Environment by Emitting Little To No Harmful Pollutants
- Lack of Awareness
- Large Amount of Data Privacy Concern
- Urban Network Has Strict Criterions on the Power Quality
- Surge in Installation of Smart Meters and Grids
- High cost of implementation
- Inadequately Documented Standards or Enforcement
- Improper Maintenance for Digital Energy Consulting and Management
Market Leaders and some development strategies
On 21th December 2021, GE Digital has offered to acquire Opus One Solutions Energy Corporation a software company that helps electric utilities optimise energy planning, operations, and market management. Opus One's renewable energy planning capabilities, combined with GE Digital's network management and optimization portfolio, will assist utilities in making decisions about how to integrate renewables and Distributed Energy Resources at scale across the electric grid.
On 16thh May 2022, GE announced the launch of Lifespan, a new digital product portfolio that allows customers to optimise renewable asset performance and operations across their fleet. The Lifespan suite of products is fully integrated, technology agnostic, and was designed in collaboration with operators to drive improved operations.
Capacity markets are emerging to address national government concerns about energy security imbalance arrangements are evolving to better reflect the changing value of flexibility with increased penetration of renewable resources transmission and distribution system operatorís roles are evolving to become smarter and regulation is changing to make demand aggregation and energy storage more easily available.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, OEM (Original Equipment Manufacturer), Regulatory Authorities, Government Bodies, End-Users and Others
Frequently Asked Questions (FAQ):1. Which factors would majorly drive the Digital Energy Consulting and Management Market?
"Increasingly Complex Modern Digital Energy Systems
" is seen as one of major growth factors of Digital Energy Consulting and Management Market in years to come.2. Can we have customized study for Digital Energy Consulting and Management Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.3. Which region will lead the Global Digital Energy Consulting and Management Market?
United States will lead Digital Energy Consulting and Management Market in coming years.