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With so many businesses looking for ways to reduce their energy consumption—because of cost, environmental concerns or the need to comply with regulations— the opportunities to build businesses that deliver on those needs are large and growing. Analysts expect double-digit growth in this energy-efficiency market over the next few years, with more than 70% from commercial and industrial customers, and the rest from residential. That will include about $400 billion in energy-efficient hardware and machines and $200 billion in consulting, data management and other energy services.
More manufacturers are considering how energy-efficiency programs can improve their sustainability, economic stability and image, even as the regulatory environment of energy efficiency continues to take shape
There is one business area that can help industrial goods manufacturers to become more stable, and definitely more profitable: service.
Customer loyalty has never been more important for utilities, since liberalization in European markets makes it easy for consumers to switch providers. Bain’s study on customer loyalty reveals the most common reasons for staying or leaving.
The Chinese market is developing at a uniquely dynamic pace.
The switch on the iron ore market from long-term to short-term supply agreements will not only bring about greater fluctuations in steel prices.
The more consistently companies position themselves as solutions providers, the better they will fare through the crisis.
The global recession and financial crisis is feeding through to a profound downturn in the German mechanical and plant engineering sector.
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