Deloitte, ERM, Fujitsu Services and Mahindra Satyam are among the tech service companies that will reap the benefits as large US firms spend $2.5 billion annually on technology consulting and systems integration relating to their energy and sustainability initiatives by 2015, according to a report from Verdantix.
These four companies all offer strong environmental technology services practices, the independent analyst said. The forecasted spending reflects a 47 percent increase from $1.7 billion in 2011, and a compound annual growth rate of 11 percent over the 2011-2015 period.
The report, “US Sustainable Technology Services Spend 2011-15,” covers spending by 1,833 firms across 11 different energy, environment and sustainability initiatives: climate change risk management, sustainability performance management, low carbon transport, water stewardship, enterprise energy and carbon management, renewable energy, environmental compliance, sustainable data centers, facility energy and carbon management, smart grid and smart meters.
The total US market size for all energy, environment and sustainability spending will reach $39.8 billion in 2012, according to the report, making technology services four percent of the total market.
The analysis says sectors investing the highest amounts in 2012 will be utilities ($820 million), retail ($93 million) and oil and gas ($68 million).
Spending on technology services related to six energy management initiatives — renewable energy, environmental compliance, sustainable data centers, facility energy and carbon management, smart grid and smart meters — 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. And the embryonic market for sustainability technology services — covering climate change, sustainability performance management and low carbon transport — captures just $151 million of corporate IT spending in 2012, Verdantix says.
The report forecasts smart grid technology services spending will reach $503 million and smart meter projects will total $385 this year. The $4 billion in US stimulus money targeted at smart meters has played a major role in driving this spending, says report author Stuart Neumann, Verdantix senior manager.
Other growth factors include a push by oil and gas companies to strengthen their environmental management systems. Additionally, utility-scale solar parks and wind farms are creating new IT systems requirements.
A recent Verdantix study found fewer than 20 percent of energy managers believe consultants, software firms, technology services providers and automation and controls suppliers have strong capabilities to help improve energy management.