Energy and Environment Technology Services to Grow

By 2015, large firms in the U.S. market will spend $2.5 billion annually on technology consulting and systems integration relating to their energy, environment and sustainability initiatives, according to a new report from independent analyst firm Verdantix, New York. The forecasted level of investment reflects a 47 percent increase from spending of $1.7 billion in 2012 and a compound annual growth rate of 11 percent over the 2011-15 period. This compares with a total U.S. market size for all energy, environment and sustainability spending of $39.8 billion in 2012, making technology services 4 percent of the total market.

The Verdantix report, “U.S. Sustainable Technology Services Spend 2011-15,” covers spend by 1,833 firms across 11 different energy, environment and sustainability initiatives. Spending on technology services related to six energy management initiatives dominates the market opportunity, representing $1.4 billion of the $1.7 billion total in 2012. Technology services in the environmental management and water stewardship market segments will be worth $218 million in 2012. Strong environmental technology services practices will benefit from this spending. The embryonic market for sustainability technology services—climate change, sustainability performance management and low-carbon transport—captures just $151 million of corporate IT spending in 2012.