Energy Contract Manufacturing Market is expected to grow at a considerable rate during the forecast period 2018-2023. Energy contract manufacturers provide support on several energy projects of commercials and government. Various services offered by energy contract manufacturers include design & engineering, manufacturing, assembly, testing & inspection, and maintenance. The government of different countries is working to meet their targeted renewable energy installations. Thus, the government is providing contracts for companies to build new energy solutions. For instance, in March 2016, the Ontario government has selected around 11 companies for renewable energy projects in the province. These 11 companies include EDP Renewables Canada Ltd. and Ontario Power Generation, Inc. The government provided 16 contracts for building seven solar projects, five wind projects, and four hydroelectric projects. Additionally, the growing focus of government of Asia-Pacific countries towards renewable energy sources is also expected to create a significant opportunity for the global energy contract manufacturing market.
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Moreover, there are some factors driving the growth of the global energy contract manufacturing market which includes increasing adoption of renewable energy across the globe and the growing trend of outsourcing energy services. In addition, rising demand for energy efficient technologies and increasing oil & gas production across the globe are further contributing towards the market growth. However, there are certain restraining factors hindering the growth of the global energy contract manufacturing market, including high initial investment and stringent government regulations regarding sustainable development.
Furthermore, the global energy contract manufacturing market is segmented on the basis of end-user, service and source type. Based on the end-user segment, the market is classified into commercial and government. Based on the service segment, the market is classified into manufacturing, design & engineering, assembly, testing & inspection, and maintenance. Based on the type, the market is classified into renewable and non-renewable energy sources. Renewable energy sources are further sub-segmented into solar, geothermal, wind, hydropower and bio-energy. Non-renewable energy sources are further sub-segmented into coal, natural gas, nuclear energy, and petroleum. Increasing demand for electricity generation through renewable energy sources globally is encouraging the growth of the renewable energy segment.
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Global Energy Contract Manufacturing Market Segmentation
By End-User
Commercial
Government
By Services
Manufacturing
Design & Engineering
Assembly
Testing & Inspection
Maintenance
By Source Type
Renewable Energy Sources
Solar
Geothermal
Wind
Hydropower
Bio-Energy
Non-Renewable Energy Sources
Coal
Natural Gas
Nuclear Energy
Petroleum
Competitive Landscape
Key Company Analysis
Key Strategy Analysis
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
RoE
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of The World
Company Profiles
ABB Ltd.
B&W Energy Services
Black & Veatch Holding Co.
Bladt Industries A/S
Bruce Power LP
Edison SPA
Engie SA
Eni SPA
First Solar, Inc.
Flexenergy, Inc.
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