The 2024 Energy Efficiency Report provides an overview of the sector, influenced by sustainable solutions that contribute to reducing environmental impact and operational costs. The report explores the latest trends, technologies, firmographic data, and key industry players in energy efficiency. The industry caters to all sectors from manufacturing and construction to residential energy management and transportation. Progress in smart technologies, integration of renewable energy, and energy management systems highlight the evolving industry landscape.
This report was last updated in July 2024.
This energy efficiency report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.
StartUs Insights Energy Efficiency Report 2024
- Executive Summary
- Introduction to the Energy Efficiency Report 2024
- What data is used in this Energy Efficiency Report?
- Snapshot of the Global Energy Efficiency Industry
- Funding Landscape in the Energy Efficiency Industry
- Who is Investing in Energy Efficiency?
- Emerging Trends in the Energy Efficiency Industry
- 5 Energy Efficiency Startups Impacting the Industry
Executive Summary: Energy Efficiency Industry Report 2024
This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 1800+ energy efficiency startups developing innovative solutions to present five examples from emerging energy efficiency industry trends.
- Industry Growth Overview: The energy efficiency market report indicates the industry has seen an annual growth rate of 13.38% and includes more than 15700 companies.
- Manpower & Employment Growth: The industry employs 1.4 million individuals, with an employee growth of 71000 in the last year.
- Patents & Grants: The industry has over 13000 patents and has received more than 2200 grants.
- Global Footprint: Top country hubs include the US, UK, Spain, Germany, and Canada, with prominent city hubs in London, Melbourne, New York City, Sydney, and Dubai.
- Investment Landscape: The industry has witnessed over 2900 funding rounds, with an investment value of USD 18 million per round on average. Over 1400 investors and 1300 companies receiving investments demonstrate solid financial backing in the industry.
- Top Investors: Bank of America, Ardian, and European Investment Bank, among others, have collectively invested more than USD 2 billion.
- Startup Ecosystem: Five startup features include PURISM EV (AI-based EV Energy Efficiency System), Heero Technologies (Net Zero Homes App), iNESS 360 (Building Data Twin), BigDa Solutions (Energy Management & Forecasting), and SteelLeanel (Energy-saving Walls).
- Recommendations for Stakeholders: Utilities are advised to invest in smart grid technologies and implement energy-efficient programs in residential, commercial, and industrial buildings. Investors are encouraged to fund energy-efficiency solutions and startups, while companies should adopt energy-efficient technologies, enhance energy management systems, and promote sustainable practices.
Explore the Data-driven Energy Efficiency Report for 2024
The Energy Efficiency Industry Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The heatmap shown above presents key metrics from our database, illustrating the innovation landscape. With 1882 startups and more than 15700 companies, the industry had strong growth at 13.38% in the last year. Our database comprises over 13000 patents and 2200 grants, indicating advancements and funding activities.
The global manpower of 1.4 million signifies the extent of operations, with an employee growth of 71000 in the past year. Key country hubs include the US, UK, Spain, Germany, and Canada, while city hubs are London, Melbourne, New York City, Sydney, and Dubai.
What data is used to create this energy efficiency report?
Based on the data provided by our Discovery Platform, we observe that the energy efficiency industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.
- News Coverage & Publications: The industry has over 30000 publications in the last year, indicating news coverage and academic interest.
- Funding Rounds: There are more than 2900 funding rounds recorded in our database, showing investment activity.
- Manpower: With over 1 million workers and 71000 new employees added last year, the industry shows manpower growth.
- Patents: The industry holds more than 13000 patents, indicating innovation and intellectual property.
- Grants: Over 2200 grants have been received, showing the industry’s ability to secure research and development funding.
- Yearly Global Search Growth: The sector has seen a 5.56% yearly global search growth, reflecting public interest and awareness.
A Snapshot of the Global Energy Efficiency Industry
The energy efficiency industry report presents metrics that show the sector’s growth and potential. With a manpower of 1.4 million, the industry indicates its workforce. In the last year, the industry has seen an employee growth of 71000, suggesting expansion and job creation. The industry includes over 15700 companies, showing its presence in the market.
Explore the Funding Landscape of the Energy Efficiency Industry
Investment in the energy efficiency industry is active, with an average investment value of USD 18 million per round. This investment activity is backed by more than 1400 investors, who have collectively completed over 2900 funding rounds. Also, more than 1300 companies have received investments. This highlights the industry’s appeal to investors and its potential for innovation and growth.
Who is Investing in Energy Efficiency?
The energy efficiency industry has received investment from notable investors, amounting to a combined value of more than USD 2 billion. Here are some investors in the industry, along with their invested value and the number of companies they have invested in:
- Bank of America has invested USD 519 million in 3 companies, showing financial support and confidence in the sector’s growth.
- Ardian has contributed USD 345.5 million across 4 companies, indicating a commitment to energy efficiency initiatives.
- European Investment Bank has allocated USD 273.5 million to 3 companies, emphasizing the bank’s focus on sustainable development.
- Oaktree Capital Management has invested USD 250 million in 3 companies, showing backing for energy-efficient technologies.
- Generation Investment Management has contributed USD 214.7 million to 2 companies, highlighting their focus on impactful investments.
- BPI France has allocated USD 141.1 million to 4 companies, reflecting their strategic support for the industry.
- U.S. Department of Agriculture has invested USD 136.9 million in 7 companies, emphasizing their role in promoting energy efficiency in agriculture.
Access Top Energy Efficiency Innovations & Trends with the Discovery Platform
Explore the key trends driving energy efficiency along with the firmographic data:
- Building Energy Efficiency is a growing trend with 1346 companies identified. The industry employs 129700 individuals, with 6200 new employees added in the last year. The annual trend growth rate of 27.91% indicates interest and investment in technologies and practices that reduce energy consumption in buildings.
- Transportation Energy Efficiency is a trend with 83 companies operating in this sector. The industry employs 11300 workers, with 580 new employees added in the past year. This growth is due to innovations in electric vehicles, fuel-efficient technologies, and alternative transportation methods. With an annual trend growth rate of 30.48%, the transportation sector is adapting to energy efficiency standards.
- Lighting-as-a-Service is influenced by the shift towards subscription-based lighting solutions that offer cost savings, energy efficiency, and maintenance services. It is a trend with 49 companies identified in the industry. The sector employs 983 individuals, adding 113 new employees in the last year. The annual trend growth rate of 9.9% shows progress in adopting such shared energy business models.
5 Top Examples from 1800+ Innovative Energy Efficiency Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
PURISM EV creates EV AI Energy Efficiency System
Taiwan-based startup PURISM EV provides an AI energy efficiency system that optimizes motor and battery performance based on driving patterns. The startup’s IoT device offers real-time vehicle monitoring by onboarding throttle control and data collection. Further, the Cloud Base Digital Twin platform predicts battery and motor lifetime using AI, allowing for custom vehicle tuning based on battery and motor life degradation. This technology proves beneficial for fleet owners, light EV manufacturers, and off-road e-bike enthusiasts.
Heero Technologies builds Net Zero Homes App
UK-based startup Heero Technologies develops software for homeowners to deliver personalized home energy insights, financing alternatives, and installation guidance. The startup’s software engine simplifies the energy retrofit process, aiding homeowners in lowering energy costs and reaching net-zero homes. The application also tackles issues like the disturbance from invasive retrofit actions, uncertainty about financing and government grants for energy efficiency, and the restricted options over technology, installers, and manufacturers.
iNESS 360 creates Building Data Twins
US-based startup iNESS 360 focuses on creating data twins of commercial buildings. Its BDex indoor positioning and real-time sensor system transform buildings into valuable data sources. Building owners are able to sell this data to interested parties, encouraging energy conservation and eliminating risks associated with physical inspections. The platform provides data-driven insights for building managers and cost savings for tenants. BDex analyzes human behavior, occupancy changes, and usage patterns, optimizing applications and operations.
BigDa Solutions enables Energy Management & Forecasting
Spanish startup BigDa Solutions offers BEMP, an intuitive forecast as a service (FaaS) platform for Industry 4.0. It digitizes, monitors, and predicts energy consumption for electricity, gas, water, and compressed air. Leveraging IoT networks, BEMP collects real-time energy data from devices and external sources. The platform filters and adjusts data quality and creates a valid dataset for analysis. Further, AI predictive models enable custom variables and accurate forecasts. BEMP generates alarms, reports, and real-time alerts to optimize energy efficiency and comply with ISO 50001 standards
SteelLeanel offers Robotized Manufacturing of Energy-saving Walls
Finnish startup SteelLeanel focuses on robotic manufacturing for eco-friendly near-zero energy building walls. Its robotized manufacturing process creates energy-efficient walls with scalable production. These walls reduce building energy consumption while facilitating good recyclability and reusability, minimizing waste and the need for virgin raw materials. From airtightness to eliminating cold bridges, its design optimizes thermal performance. SteelLeanel’s prefabricated walls cater to new construction, renovation, and additional floor extensions in existing buildings.
Gain Comprehensive Insights into Energy Efficiency Trends, Startups, or Technologies
The 2024 Energy Efficiency Industry Report suggests that the sector is prepared for consistent growth, driven by innovation and increased investment. Trends such as building energy efficiency, transportation energy efficiency, and lighting-as-a-service are expected to influence the future. Contact us to explore all 1800+ startups and scaleups, as well as all industry trends impacting energy efficiency companies.
