monitor , and manage energy data . According to the International Energy Agency , the global energy intensity , i . e . the amount of energy utilized per unit of GDP , improved by 1.8 % in 2015 and this industry is estimated to witness double digit growth in the near future ; the commercial sector is expected to account for major share of the growth . Favorable support from regulatory bodies and government institutions is likely to drive the industrial energy efficient services market . However , economic & financial , regulatory , and Informational barriers may impede the implementation of energy efficient measures .
Based on service , the energy efficient market can be segmented into energy auditing & consulting , product & system optimization , and monitoring & verification . The energy auditing and consulting segment accounted for the major share of the industrial energy efficient services market in 2015 . The segment is anticipated to dominate the market during the forecast period , led by the increase in governmental efforts to mandate companies to undertake energy audits and comply with energy efficient standards . In terms of region , North America held the prominent share of the industrial energy efficient services market in 2015 , driven by the energy efficient initiatives in the region and rise in need to enhance energy consumption to achieve development goals . China leads the industrial energy efficient services market in Asia Pacific , driven by its 13th five year plan to achieve energy efficiency standards . The country is estimated to attract further investment in the sector considering the sheer size of its domestic energy usage . China has also developed stringent and energy efficient Monitoring and Verification ( M & V ). This segment is projected to witness significant growth during the forecast period .
The global industrial energy efficient services market is highly competitive due to the presence of a large number of regional and global vendors . Key players operating in the industrial energy efficient services market are Siemens , Honeywell , TERI , DuPont , Dalkia , ENGIE , Getec , Johnson Controls , Schneider Electric , SGS , and Wood .
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The report offers a comprehensive evaluation of the market . It does so via in-depth qualitative insights , historical data , and verifiable projections