Market Overview:
The global energy ESO market is currently experiencing strong growth. Energy engineering services outsourcing (ESO) refers to hiring third-party energy service providers (ESPs) to perform tasks traditionally performed in-house. With the digital transformation, new technologies have been introduced for smart grid management, digitization of power plants, embedded product engineering, and virtual prototyping. As a result, ESPs are shifting toward more mature and advanced systems that provide more predictable, stable, and higher quality services. This has encouraged companies to opt for energy ESO to reduce labor and investment costs by outsourcing the services to ESPs. They also execute appropriate strategies and promptly complete projects, which can be accessed by a ready team of skilled and trained engineers.
The global energy ESO market is primarily driven by rapid industrialization and a substantial increase in energy demand. The rising concerns about the operating efficiency of energy plants and extensive investments in clean or renewable energy resources, which are an efficient way of reducing carbon dioxide (CO2) emissions, have increased the need for ESO services worldwide. Besides this, due to information, security and privacy concerns, companies are nowadays increasingly opting for onshore ESO that are provided to an OEM by an ESO vendor operating in its home country. There has also been a growing need for real-time analytics services to handle the requirements of the energy industry, such as analyzing vast amounts of data generated in energy production. Moreover, the utilization of advanced engineering technologies by outsourcing firms to serve their clients and enable them to exchange confidential data on project specifications and equipment performances are also contributing to the market growth. Looking forward, IMARC Group expects the global energy ESO market to grow at a CAGR of around 17% during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global energy ESO market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, service, location and energy source.
Breakup by Service:
- R&D and Designing
- Structuring and Layout
- Digitization
- Implementation and Maintenance
Breakup by Location:
Breakup by Energy Source:
- Renewable
- Non-Renewable
- Chemical Processing
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Altair Engineering Inc., ALTEN Group, Altran Technologies (Capgemini SE), Assystem (HDL Development SAS), Cyient Limited, ESI Group, Luxoft (DXC Technology Company), Mott Macdonald, QuEST Global Services Pte. Ltd., Rilco Engineering Services, Semcon and Total OutSource Inc. (UCA Group Inc).
Key Questions Answered in This Report:
- How has the global energy ESO market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global energy ESO market?
- What are the key regional markets?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the location?
- What is the breakup of the market based on the energy source?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global energy ESO market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Energy ESO Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 R&D and Designing
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Structuring and Layout
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Digitization
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Implementation and Maintenance
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Location
7.1 Onshore
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offshore
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Energy Source
8.1 Renewable
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Non-Renewable
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chemical Processing
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Altair Engineering Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 ALTEN Group
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Altran Technologies (Capgemini SE)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Assystem (HDL Development SAS)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Cyient Limited
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 ESI Group
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Luxoft (DXC Technology Company)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Mott Macdonald
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 SWOT Analysis
14.3.9 QuEST Global Services Pte. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Rilco Engineering Services
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Semcon
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Total OutSource Inc. (UCA Group Inc.)
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Energy ESO Market: Major Drivers and Challenges
Figure 2: Global: Energy ESO Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Energy ESO Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Energy ESO Market: Breakup by Service (in %), 2020
Figure 5: Global: Energy ESO Market: Breakup by Location (in %), 2020
Figure 6: Global: Energy ESO Market: Breakup by Energy Source (in %), 2020
Figure 7: Global: Energy ESO Market: Breakup by Region (in %), 2020
Figure 8: Global: Energy ESO (R&D and Designing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Energy ESO (R&D and Designing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Energy ESO (Structuring and Layout) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Energy ESO (Structuring and Layout) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Energy ESO (Digitization) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Energy ESO (Digitization) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Energy ESO (Implementation and Maintenance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Energy ESO (Implementation and Maintenance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Energy ESO (Onshore) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Energy ESO (Onshore) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Energy ESO (Offshore) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Energy ESO (Offshore) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Energy ESO (Renewable) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Energy ESO (Renewable) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Energy ESO (Non-Renewable) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Energy ESO (Non-Renewable) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Energy ESO (Chemical Processing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Energy ESO (Chemical Processing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Canada: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Canada: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Asia-Pacific: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Asia-Pacific: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: China: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: China: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Japan: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Japan: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Australia: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Australia: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Indonesia: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Indonesia: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Others: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Others: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Germany: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Germany: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: France: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: France: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: United Kingdom: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: United Kingdom: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Italy: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Italy: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Spain: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Spain: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Russia: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Russia: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Latin America: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Latin America: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Brazil: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Brazil: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Mexico: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Mexico: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Middle East and Africa: Energy ESO Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Middle East and Africa: Energy ESO Market: Breakup by Country (in %), 2020
Figure 74: Middle East and Africa: Energy ESO Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Global: Energy ESO Industry: SWOT Analysis
Figure 76: Global: Energy ESO Industry: Value Chain Analysis
Figure 77: Global: Energy ESO Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Energy ESO Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Energy ESO Market Forecast: Breakup by Service (in Million US$), 2021-2026
Table 3: Global: Energy ESO Market Forecast: Breakup by Location (in Million US$), 2021-2026
Table 4: Global: Energy ESO Market Forecast: Breakup by Energy Source (in Million US$), 2021-2026
Table 5: Global: Energy ESO Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Energy ESO Market: Competitive Structure
Table 7: Global: Energy ESO Market: Key Players