Energy Consulting Market Size, Share, Trends, Growth and Forecast 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 17.54 Billion
CAGR (2026-2031)	5.12%
Fastest Growing Segment	Power Generation
Largest Market	North America
Market Size (2031)	USD 23.67 Billion

Market Overview

The Global Energy Consulting Market will grow from USD 17.54 Billion in 2025 to USD 23.67 Billion by 2031 at a 5.12% CAGR. The Global Energy Consulting Market encompasses professional advisory services that assist organizations in optimizing energy usage, ensuring regulatory compliance, and implementing sustainable transition strategies. The market is primarily driven by stringent international decarbonization mandates and the urgent necessity for grid modernization to accommodate renewable sources. Furthermore, volatile energy prices compel corporations to seek external expertise for cost stabilization and operational efficiency, cementing the role of consultants as essential strategic partners rather than discretionary vendors.

However, the sector faces a significant impediment regarding the scarcity of specialized talent capable of managing complex, multifaceted energy transitions. This skills gap limits the capacity of firms to scale operations effectively to meet surging client demand. According to the International Energy Agency, in 2024, global investment in clean energy technologies reached USD 2 trillion. This figure underscores the massive capital flow requiring expert oversight, thereby intensifying the pressure on the limited pool of qualified advisory resources available to guide these substantial investments.

Key Market Drivers

The acceleration of the renewable energy transition acts as a primary catalyst for the energy consulting sector, as utility companies and industrial conglomerates navigate the technical and financial complexities of shifting away from fossil fuels. Organizations are increasingly reliant on external advisors to conduct feasibility studies, manage regulatory approvals, and structure power purchase agreements that align with long-term sustainability mandates. This shift is economically incentivized by the competitive pricing of green technologies, which necessitates strategic portfolio adjustments to maintain market viability. According to the International Renewable Energy Agency, September 2024, in the 'Renewable Power Generation Costs in 2023' report, 81% of the newly commissioned utility-scale renewable power generation projects had lower costs than their fossil fuel-fired alternatives. This cost competitiveness drives a surge in demand for consultants who can identify viable investment opportunities and oversee the integration of these assets into existing portfolios.

Concurrent with the shift to renewables is the critical requirement for the modernization of aging power infrastructure and the deployment of smart grids to handle intermittent energy flows. Utilities face immense pressure to upgrade transmission networks and integrate digital solutions that enhance system flexibility, creating a robust market for advisory firms specializing in infrastructure planning and grid digitalization. The scale of capital required for these infrastructural overhauls is substantial, compelling firms to seek expert guidance on asset management and capital efficiency. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global investment in electricity grids was projected to reach USD 400 billion in 2024. Furthermore, the overall expansion of energy usage intensifies the need for optimized operational strategies; according to the Energy Institute, in 2024, global primary energy consumption rose by 2% to reach a record absolute high in the preceding year, further validating the necessity for expert consulting in resource management.

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Key Market Challenges

The scarcity of specialized talent represents a critical impediment restricting the expansion of the Global Energy Consulting Market. As energy transitions grow increasingly intricate, involving advanced grid modernization and rigorous decarbonization mandates, consulting firms require a workforce that possesses a rare combination of technical engineering proficiency and strategic regulatory insight. However, the current supply of qualified professionals is insufficient to match the explosive demand for these high-level advisory services. This widening skills gap creates a severe operational bottleneck, preventing consulting firms from scaling their teams effectively to service new contracts and capitalizing on the capital influx entering the sector.

The impact of this shortage is quantifiable and pervasive across the industry. According to the International Energy Agency, in 2025, more than 50% of energy-related companies reported critical hiring bottlenecks that threaten to delay projects and raise system costs. This inability to recruit essential personnel compels firms to decline potential business or extend project timelines, directly eroding revenue growth and market competitiveness. Consequently, the lack of human capital acts as a structural ceiling, limiting the market's capacity to provide the strategic oversight necessary for global energy investments.

Key Market Trends

The Integration of Artificial Intelligence for Predictive Energy Analytics is fundamentally reshaping the consulting landscape as utilities and grid operators move beyond basic digitalization toward autonomous asset management. Consultants are increasingly tasked with deploying machine learning algorithms that predict equipment failures and optimize load balancing, thereby reducing operational expenditures and enhancing grid reliability. This shift requires advisory firms to bridge the gap between technical engineering and data science, ensuring that legacy infrastructure can support advanced computational models. According to Siemens, November 2025, in the 'Infrastructure Transition Monitor 2025' report, 72% of energy organizations stated that AI would transform their business operations over the next three years, driving a surge in demand for strategic digital implementation services.

Simultaneously, the Emergence of Green Hydrogen and Alternative Fuel Strategies has created a distinct high-value service stream focused on decarbonizing hard-to-abate industrial sectors. Unlike established renewable generation, the hydrogen value chain requires complex feasibility assessments, regulatory navigation for new subsidies, and the structuring of secure offtake agreements to reach final investment decisions. Advisory firms are critical in guiding these capital-intensive projects from conceptual planning to commercial viability, particularly in securing financing amidst market volatility. According to the Hydrogen Council, September 2025, in the 'Global Hydrogen Compass 2025' report, committed investment in clean hydrogen projects surpassed USD 110 billion, highlighting the rapid maturation of this sector and the corresponding need for specialized project development expertise.

Segmental Insights

The Power Generation segment represents the fastest growing category in the Global Energy Consulting Market, driven by the intensifying global transition toward renewable energy and decarbonization. Utility companies and independent power producers increasingly seek strategic advisory services to navigate complex regulatory landscapes and integrate sustainable technologies into existing infrastructure. This demand is further amplified by the need to modernize aging power grids and improve operational efficiency in compliance with strict environmental mandates. Consequently, organizations rely heavily on external expertise to manage these structural shifts and ensure long-term energy security.

Regional Insights

North America maintains the leading position in the global energy consulting market due to significant investments in grid modernization and the transition toward renewable energy sources. The region experiences high demand for advisory services to navigate complex compliance requirements from regulatory bodies such as the U.S. Department of Energy and the Environmental Protection Agency. Additionally, the widespread adoption of digital technologies within the utility sector drives the need for operational strategy improvements. These factors collectively support the market dominance of North America as companies strive to meet sustainability targets and enhance efficiency.

Recent Developments

In September 2024, McKinsey & Company released its "Global Energy Perspective 2024," a comprehensive research report analyzing the evolving dynamics of the global energy landscape. The study provided updated scenarios for the energy transition, highlighting the complex trade-offs between decarbonization, energy affordability, and system security. The research projected that global energy demand would continue to rise significantly, driven by economic development in emerging markets and population growth. It also examined the adoption pathways for low-carbon technologies and the continued role of fossil fuels, offering critical data-driven insights to help energy stakeholders and policymakers refine their long-term strategies.
In August 2024, WSP Global entered into a definitive agreement to acquire Power Engineers, a prominent US-based consulting firm specializing in the power and energy sector. This acquisition was intended to significantly expand the company's footprint in the United States and enhance its technical capabilities in electrical grid design and energy transition services. The strategic move positions the firm to capture major opportunities arising from the global shift towards renewable energy sources and grid modernization. The integration of the new team is expected to drive growth and provide holistic engineering solutions for power generation, transmission, and distribution clients.
In June 2024, ERM announced an agreement to acquire Energetics, a specialized consultancy focused on climate risk and energy transition services based in Australia. This strategic expansion was designed to strengthen the company's capabilities in decarbonization strategy, climate risk assessment, and energy market advisory across the Asia-Pacific region. By integrating the acquired entity's deep technical expertise, the firm aimed to enhance its ability to support clients in navigating the complexities of the low-carbon transition and achieving net-zero targets. The collaboration underscores the growing demand for comprehensive sustainability and energy consulting solutions in key global markets.
In May 2024, Tetra Tech announced that it was awarded a substantial single-award contract valued at $439 million by the U.S. Agency for International Development (USAID) to support energy security initiatives in Ukraine. The five-year project focuses on enhancing the resilience, reliability, and security of the nation's electricity, natural gas, and district heating sectors amid ongoing challenges. Under this agreement, the company provides strategic technical assistance to facilitate the integration of Ukraine's energy infrastructure with European networks. The initiative also aims to improve energy efficiency and promote sustainable development, reinforcing the firm's leadership in global energy consulting and critical infrastructure support.

Key Market Players

Deloitte Touche Tohmatsu Limited
Accenture plc
McKinsey & Company
Boston Consulting Group
IHS Markit Ltd.
Navigant Consulting, Inc.
KPMG International Limited
Jacobs Engineering Group
RINA S.p.A.
Enviros Consulting Ltd.

By Service Type	By Application	By Region
Advisory Services Management Consulting Technical Consulting Regulatory Consulting	Power Generation Oil & Gas Renewable Energy Utilities	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Energy Consulting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Energy Consulting Market, By Service Type:

Advisory Services
Management Consulting
Technical Consulting
Regulatory Consulting

Energy Consulting Market, By Application:

Power Generation
Oil & Gas
Renewable Energy
Utilities

Energy Consulting Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Energy Consulting Market.

Available Customizations:

Global Energy Consulting Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Energy Consulting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Energy Consulting Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Service Type (Advisory Services, Management Consulting, Technical Consulting, Regulatory Consulting)

5.2.2. By Application (Power Generation, Oil & Gas, Renewable Energy, Utilities)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Energy Consulting Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Service Type

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Energy Consulting Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Service Type

6.3.1.2.2. By Application

6.3.2. Canada Energy Consulting Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Service Type

6.3.2.2.2. By Application

6.3.3. Mexico Energy Consulting Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Service Type

6.3.3.2.2. By Application

7. Europe Energy Consulting Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Service Type

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Energy Consulting Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Service Type

7.3.1.2.2. By Application

7.3.2. France Energy Consulting Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Service Type

7.3.2.2.2. By Application

7.3.3. United Kingdom Energy Consulting Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Service Type

7.3.3.2.2. By Application

7.3.4. Italy Energy Consulting Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Service Type

7.3.4.2.2. By Application

7.3.5. Spain Energy Consulting Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Service Type

7.3.5.2.2. By Application

8. Asia Pacific Energy Consulting Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Service Type

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Energy Consulting Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Service Type

8.3.1.2.2. By Application

8.3.2. India Energy Consulting Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Service Type

8.3.2.2.2. By Application

8.3.3. Japan Energy Consulting Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Service Type

8.3.3.2.2. By Application

8.3.4. South Korea Energy Consulting Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Service Type

8.3.4.2.2. By Application

8.3.5. Australia Energy Consulting Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Service Type

8.3.5.2.2. By Application

9. Middle East & Africa Energy Consulting Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Service Type

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Energy Consulting Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Service Type

9.3.1.2.2. By Application

9.3.2. UAE Energy Consulting Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Service Type

9.3.2.2.2. By Application

9.3.3. South Africa Energy Consulting Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Service Type

9.3.3.2.2. By Application

10. South America Energy Consulting Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Service Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Energy Consulting Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Service Type

10.3.1.2.2. By Application

10.3.2. Colombia Energy Consulting Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Service Type

10.3.2.2.2. By Application

10.3.3. Argentina Energy Consulting Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Service Type

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Energy Consulting Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Deloitte Touche Tohmatsu Limited

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Accenture plc

15.3. McKinsey & Company

15.4. Boston Consulting Group

15.5. IHS Markit Ltd.

15.6. Navigant Consulting, Inc.

15.7. KPMG International Limited

15.8. Jacobs Engineering Group

15.9. RINA S.p.A.

15.10. Enviros Consulting Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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