Key Takeaways
- The global energy consulting market was valued at USD 12.5 billion in 2022 and is expected to grow at a CAGR of 7.2% from 2023 to 2030, driven by increasing demand for renewable energy integration.
- In 2023, the U.S. energy consulting sector generated revenues of approximately USD 4.8 billion, marking a 5.8% increase from 2022 due to decarbonization initiatives.
- Europe's energy consulting market is projected to reach EUR 8.2 billion by 2028, expanding at a CAGR of 6.5% amid the EU Green Deal implementation.
- Deloitte held 12.5% market share in the global energy consulting industry in 2023, leading with USD 2.3 billion in revenues from energy practices.
- McKinsey & Company captured 9.8% share in energy consulting in 2023, generating USD 1.8 billion from oil, gas, and renewables advisory.
- BCG (Boston Consulting Group) accounted for 8.2% of the market in 2023 with USD 1.5 billion in energy sector revenues.
- The energy consulting industry employed 450,000 professionals worldwide in 2023, with 5.2% YoY growth.
- In the U.S., energy consultants numbered 85,000 in 2023, average salary USD 112,500 annually.
- Europe had 120,000 energy consulting jobs in 2023, 12% increase since 2020 due to green transition.
- 76% of renewable energy projects involved consulting services in design phase 2023.
- Oil & gas decommissioning consulting accounted for 18% of industry revenues in 2023.
- Demand-side management consulting grew 14.2% in 2023, 12% of total services.
- North America accounted for 38.2% of global energy consulting revenues in 2023.
- Europe generated 29.4% of worldwide energy consulting market in 2023, led by Germany and UK.
- Asia-Pacific region captured 22.1% share in 2023, with China at 11.5% alone.
Energy consulting is growing globally, driven by demand for renewable energy integration and decarbonization efforts.
Employment and Workforce
- The energy consulting industry employed 450,000 professionals worldwide in 2023, with 5.2% YoY growth.
- In the U.S., energy consultants numbered 85,000 in 2023, average salary USD 112,500 annually.
- Europe had 120,000 energy consulting jobs in 2023, 12% increase since 2020 due to green transition.
- Asia-Pacific region employed 145,000 in energy consulting in 2023, led by China with 65,000.
- 28% of energy consultants globally held engineering degrees in 2023, down from 35% in 2018.
- Women represented 22.4% of the energy consulting workforce worldwide in 2023, up 4% from 2020.
- Average tenure of energy consultants was 4.7 years in 2023, with 18% annual turnover rate.
- 65% of energy consulting firms reported skills shortages in renewables expertise in 2023 survey.
- U.S. energy consulting employment grew 6.1% in 2023, adding 5,100 jobs primarily in Texas and California.
- UK's energy sector consultants totaled 25,000 in 2023, with 7.3% growth driven by net-zero plans.
- Germany's workforce in energy consulting reached 35,000 in 2023, 9% up amid Energiewende.
- India's energy consulting employees numbered 18,000 in 2023, projecting 12% annual growth.
- Australia's sector employed 12,500 consultants in 2023, average salary AUD 145,000.
- 42% of energy consultants worked remotely at least 3 days/week in 2023 post-pandemic.
- Entry-level energy consultant salaries averaged USD 75,000 globally in 2023, seniors USD 180,000+.
- 15,200 new hires in energy consulting occurred in China in 2023, focusing on EV and solar.
- Brazil added 2,800 energy consulting jobs in 2023, mostly in offshore wind and hydro.
- Saudi Arabia's energy consulting workforce grew to 8,500 in 2023, up 11% with Aramco expansions.
- 31% of energy consultants upskilled in AI/ML for energy forecasting in 2023.
- France employed 14,000 energy consultants in 2023, with nuclear expertise in high demand.
- Canada's workforce stood at 11,200 in 2023, 8.5% growth in oil sands transition roles.
- South Africa's energy consulting jobs totaled 4,500 in 2023, shortage of 1,200 skilled workers.
- 52% of firms increased headcount by 10%+ in energy consulting in 2023 for sustainability teams.
- Global energy consulting freelancers numbered 45,000 in 2023, 22% YoY growth via platforms.
- Japan had 9,800 energy consultants in 2023, focusing on hydrogen and efficiency.
- Mexico's sector employed 5,200 in 2023, growing with Pemex reforms.
- UAE added 1,200 jobs in energy consulting in 2023, ADNOC driving demand.
- 67% of energy consultants aged 25-34 in 2023, millennials dominating entry.
- Energy consulting firms trained 120,000 employees in ESG skills in 2023 globally.
Employment and Workforce Interpretation
Key Players and Market Share
- Deloitte held 12.5% market share in the global energy consulting industry in 2023, leading with USD 2.3 billion in revenues from energy practices.
- McKinsey & Company captured 9.8% share in energy consulting in 2023, generating USD 1.8 billion from oil, gas, and renewables advisory.
- BCG (Boston Consulting Group) accounted for 8.2% of the market in 2023 with USD 1.5 billion in energy sector revenues.
- PwC's energy consulting arm had 7.1% global share in 2023, revenues of USD 1.3 billion focused on sustainability.
- Accenture dominated digital energy consulting with 11.4% share in 2023, USD 2.1 billion revenues.
- EY (Ernst & Young) held 6.9% market share in 2023, with USD 1.26 billion from energy transformation services.
- Wood Mackenzie led upstream energy consulting with 14.3% share in oil & gas segment in 2023.
- Rystad Energy captured 10.2% share in energy analytics consulting in 2023, serving 95% of top oil majors.
- DNV GL had 9.7% share in renewable energy certification consulting in 2023 globally.
- Siemens Energy Consulting division accounted for 7.5% of industrial energy services market in 2023.
- Schneider Electric held 8.9% share in energy management consulting in 2023, with strong IoT focus.
- ICF International commanded 6.4% share in U.S. energy policy consulting in 2023.
- Guidehouse (ex-NRG RWE) had 5.8% global share in grid modernization consulting 2023.
- AFRY Group captured 7.2% share in Nordic energy consulting markets in 2023.
- Black & Veatch led engineering consulting in power sector with 11.1% U.S. share 2023.
- Fluor Corporation held 9.3% share in EPC energy consulting globally in 2023.
- Bechtel had 8.7% share in mega-project energy advisory in Middle East 2023.
- S&P Global Platts dominated commodity energy consulting with 15.6% share 2023.
- Enverus captured 12.4% share in North American upstream data consulting 2023.
- Genscape (Veritas) led real-time energy market intelligence with 13.8% share 2023.
- Kpler held 10.1% share in global LNG trading consulting 2023.
- Argus Media accounted for 11.9% in pricing advisory consulting 2023.
- In India, Tata Consultancy Services (TCS) had 14.2% share in energy IT consulting 2023.
- In China, State Grid Consulting held 18.5% domestic market share in 2023.
- UK's Arup captured 9.6% share in sustainable energy design consulting 2023.
- Australia's Worley had 12.7% share in resources energy consulting 2023.
- In Europe, Ramboll led offshore wind consulting with 10.4% share 2023.
- U.S.-based EnerNOC (Schneider) had 11.2% share in demand response consulting 2023.
- Global top 10 firms controlled 62.3% of energy consulting market in 2023.
- Big Four (Deloitte, PwC, EY, KPMG) collectively held 32.7% market share in 2023.
- Strategy firms (McKinsey, BCG, Bain) accounted for 24.1% of high-end energy strategy consulting 2023.
Key Players and Market Share Interpretation
Market Size and Growth
- The global energy consulting market was valued at USD 12.5 billion in 2022 and is expected to grow at a CAGR of 7.2% from 2023 to 2030, driven by increasing demand for renewable energy integration.
- In 2023, the U.S. energy consulting sector generated revenues of approximately USD 4.8 billion, marking a 5.8% increase from 2022 due to decarbonization initiatives.
- Europe's energy consulting market is projected to reach EUR 8.2 billion by 2028, expanding at a CAGR of 6.5% amid the EU Green Deal implementation.
- The Asia-Pacific energy consulting industry is forecasted to grow from USD 3.1 billion in 2023 to USD 5.9 billion by 2030 at a CAGR of 9.8%, fueled by rapid urbanization and energy demand.
- North American energy consulting services market size stood at USD 5.2 billion in 2023, with a projected CAGR of 6.9% through 2032, supported by shale gas and renewables.
- Global energy management consulting market reached USD 15.4 billion in 2023 and is anticipated to exhibit a CAGR of 8.1% from 2024 to 2031.
- The oil & gas energy consulting segment was valued at USD 4.2 billion globally in 2022, growing at 5.3% CAGR to 2030 due to energy transition pressures.
- Renewable energy consulting market size was USD 2.8 billion in 2023, expected to surge to USD 6.7 billion by 2030 at 13.2% CAGR.
- In 2024, the Middle East energy consulting market is valued at USD 1.9 billion, projected to grow at 7.5% CAGR to USD 3.4 billion by 2030.
- Latin America's energy consulting industry hit USD 1.2 billion in 2023, with 8.4% CAGR forecast through 2029 driven by hydro and solar projects.
- The worldwide energy efficiency consulting market was USD 10.3 billion in 2023, set to reach USD 18.9 billion by 2032 at 6.9% CAGR.
- China's energy consulting sector grew to CNY 45 billion (USD 6.3 billion) in 2023, with 10.1% YoY growth due to carbon neutrality goals.
- India's energy consulting market expanded to INR 120 billion (USD 1.45 billion) in FY2023, projecting 11.5% CAGR to 2030.
- Australia's energy consulting industry revenue reached AUD 2.1 billion in 2023, up 6.2% from prior year amid net-zero targets.
- Canada's energy consulting market size was CAD 3.4 billion in 2023, forecasted at 7.8% CAGR to CAD 6.2 billion by 2030.
- Japan's energy consulting services market valued at JPY 850 billion (USD 5.7 billion) in 2023, growing 5.9% annually.
- South Korea's market for energy consulting hit KRW 15 trillion (USD 11.2 billion) in 2023, with 8.7% CAGR projection.
- Brazil's energy consulting sector reached BRL 8.5 billion (USD 1.7 billion) in 2023, up 9.2% YoY.
- Germany's energy consulting market was EUR 2.9 billion in 2023, expected to grow at 6.4% CAGR to 2030.
- France's sector valued at EUR 1.8 billion in 2023, projecting 7.1% CAGR driven by nuclear and renewables.
- UK energy consulting industry generated GBP 3.2 billion in 2023, with 5.5% growth forecast.
- Saudi Arabia's market size hit SAR 12 billion (USD 3.2 billion) in 2023, 8.9% CAGR to Vision 2030.
- UAE energy consulting revenues were AED 9.5 billion (USD 2.6 billion) in 2023, growing 7.3%.
- South Africa's energy consulting market reached ZAR 25 billion (USD 1.4 billion) in 2023, up 10.2%.
- Mexico's sector valued at MXN 45 billion (USD 2.3 billion) in 2023, 6.8% CAGR projected.
- Nigeria's energy consulting industry grew to NGN 500 billion (USD 0.3 billion) in 2023, 12.1% YoY.
- The global smart grid consulting market was USD 4.1 billion in 2023, expected to reach USD 9.8 billion by 2030 at 13.2% CAGR.
- Energy storage consulting segment valued at USD 1.5 billion in 2023, projecting 15.4% CAGR to 2032.
- Hydrogen energy consulting market size stood at USD 0.8 billion in 2023, forecasted 22.7% CAGR.
- Carbon capture consulting services reached USD 2.2 billion globally in 2023, 11.3% CAGR ahead.
Market Size and Growth Interpretation
Regional and Global Distribution
- North America accounted for 38.2% of global energy consulting revenues in 2023.
- Europe generated 29.4% of worldwide energy consulting market in 2023, led by Germany and UK.
- Asia-Pacific region captured 22.1% share in 2023, with China at 11.5% alone.
- Middle East held 6.3% global share in 2023, dominated by Saudi Arabia and UAE.
- Latin America represented 3.2% of global market in 2023, Brazil leading at 1.8%.
- Africa contributed 0.8% to global energy consulting in 2023, South Africa key hub.
- U.S. alone was 32.7% of North American market, 87% regional dominance 2023.
- China's energy consulting imports reached USD 1.2 billion in services from abroad 2023.
- Germany's export of energy consulting services hit EUR 1.1 billion in 2023.
- UK's outbound consulting to developing markets: GBP 850 million in 2023.
- India's energy consulting exports grew 15% to USD 180 million in FY2023.
- Australia's regional share in APAC: 9.2% of consulting flows 2023.
- France's African energy consulting footprint: 22% of continent's services 2023.
- Canada's exports to Latin America: CAD 120 million in energy advisory 2023.
- Saudi Arabia imported USD 450 million in specialized consulting 2023.
- Brazil's intra-LAC consulting trade: BRL 2.1 billion in 2023.
- South Africa's SADC regional dominance: 45% of consulting 2023.
- Japan's Asian exports: JPY 120 billion in energy tech consulting 2023.
- UAE's global outreach: 15% of ME consulting exported worldwide 2023.
- Mexico's U.S.-bound services: USD 320 million cross-border 2023.
- Nigeria hosted 60% of West Africa's energy consulting projects 2023.
- EU-27 internal market: 78% of Europe's consulting stayed domestic 2023.
- Southeast Asia (ASEAN) grew 18% in consulting demand 2023, 4.1% global share.
- Russia exported USD 280 million in oil/gas consulting despite sanctions 2023.
- Turkey as Eurasia hub: 12% of regional consulting flows 2023.
- Indonesia's domestic market: 2.3% global share via geothermal push 2023.
- Scandinavia (Nordics) specialized 35% in wind consulting exports 2023.
- Argentina's Vaca Muerta consulting attracted 70% of LatAm upstream 2023.
- Egypt's North Africa share: 28% in gas consulting 2023.
- Global consulting flows to renewables: 55% directed to APAC and Europe 2023.
Regional and Global Distribution Interpretation
Services and Segments
- 76% of renewable energy projects involved consulting services in design phase 2023.
- Oil & gas decommissioning consulting accounted for 18% of industry revenues in 2023.
- Demand-side management consulting grew 14.2% in 2023, 12% of total services.
- Grid integration services for renewables comprised 22.5% of consulting engagements in 2023.
- Energy storage feasibility studies represented 9.8% of projects in 2023.
- Carbon pricing and compliance advisory made up 15.3% of services in EU markets 2023.
- Digital twin implementations in energy assets: 11.2% of consulting revenues 2023.
- M&A advisory in clean energy deals: 8.7% segment share in 2023.
- Regulatory compliance consulting for utilities: 17.4% of U.S. services 2023.
- Energy procurement optimization services grew to 13.1% market share 2023.
- Offshore wind farm planning consulting: 6.5% global, but 25% in Europe 2023.
- EV charging infrastructure advisory: 10.4% rising segment in 2023.
- Hydrogen production pathway assessments: 4.2% but fastest growing at 28% YoY 2023.
- Building energy audits and retrofits: 19.6% of commercial services 2023.
- Supply chain decarbonization consulting: 7.9% share emerging in 2023.
- 45% of consulting projects involved AI-driven energy forecasting in 2023.
- Risk management for energy transition: 12.8% of corporate services 2023.
- Microgrid design and deployment: 5.3% segment in developing markets 2023.
- LNG trading optimization consulting: 9.1% of gas sector services 2023.
- Power purchase agreement (PPA) negotiations: 14.7% of renewables services 2023.
- In China, solar PV project development consulting was 28% of services 2023.
- U.S. battery storage integration services: 16.2% growth segment 2023.
- EU ETS compliance advisory: 21% of regulatory services 2023.
- Australia's NEM market modeling: 18.5% of local services 2023.
- Brazil's hydropower optimization: 23.4% dominant segment 2023.
- Saudi Aramco vendor advisory: 15.6% of oil services 2023.
- 33% of consulting firms offered bundled ESG + digital services in 2023.
- North America saw 62% of consulting focused on regulatory filings 2023.
- Asia's coal-to-clean transition advisory: 11.8% segment 2023.
- 25.7% of services were feasibility studies for green hydrogen in 2023.
- Cybersecurity for energy grids consulting rose to 8.9% share 2023.
Services and Segments Interpretation
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