SOURCE: Kennedy Consulting Research & Advisory

Kennedy Consulting Research & Advisory

December 15, 2009 12:33 ET

Energy Consulting -- A Pale "Green" Landscape

New Research From Kennedy Offers Critical Insight Into the Direction of the Energy Consulting Market and Provider Landscape

PETERBOROUGH, NH--(Marketwire - December 15, 2009) - Kennedy analysts find that the energy consulting marketplace mirrors the present mercurial nature of the overall consulting business environment. However, given all of the hype surrounding clean energy options in the media and legislative agendas, some may be surprised to learn that these initiatives are expected to only moderately drive energy consulting, and more toward the end of the 2009-2012 forecast period, at that.

"Cost-conscious client companies are skeptical of the return from clean initiatives as well as the viability of alternative energy," says Ashley M. Newton, Senior Research Analyst, Kennedy Consulting Research & Advisory. "Overall, energy companies are very cynical when it comes to 'clean energy.' In fact, KPMG's 2009 energy survey shows that more than half of the participating executives believe that alternative energy will not be viable for mass production by 2015. Rather than seek advice on clean energy growth strategies, most energy companies are entering engagements to help with regulatory advisory and compliance, carbon management, and cost-cutting."

Despite a lighter-than-expected "Green" landscape, which is rapidly shifting east due to the rising consulting spend of NOCs, many energy practices are preemptively evolving services to demonstrate their ability to help clients with challenges and initiatives pertaining to clean energy. Specifically, consultancies are developing capabilities to advise clients on alternative energy growth and tax strategies, carbon management, and corporate social responsibility. Many consultancies are also authoring a wealth of thought leadership on clean energy topics.

Providing comprehensive coverage of the energy consulting marketplace, Kennedy's "Energy Consulting Marketplace" offers exclusive details on market size, demand trends and growth forecasts. Data and analysis is broken out by industry subsegment (Upstream and Downstream), service line (Strategy, Operations Management, Business Advisory Services, Human Resources, and IT Consulting and Implementation), and geography (North America, EMEA [Europe, Middle East and Africa], Latin America and Asia Pacific). Additionally, the research includes exclusive profiles of leading service providers, practice capabilities ratings and rankings, and in-depth analysis of client demand and purchasing trends.

Very important, the research reveals the top seven firms serving the energy consulting market in "The Kennedy Vanguard of Energy Consulting Practices." Thirty-five practices are evaluated in total, by both their breadth and depth of services, now and moving forward. Practices assessed include: A.T. Kearney, Accenture, Altran/Arthur D. Little, Bain & Company, The Boston Consulting Group, BDO International, Booz & Company, Capgemini, Celerant Consulting, Charles River Associates, CSC, Deloitte, Ernst & Young, FTI Consulting, Fujitsu, HP/EDS, IBM Global Services, IHS CERA, Infosys, KPMG, Kroll, LECG, Logica, McKinsey & Company, Mercer, Navigant Consulting, PricewaterhouseCoopers, Roland Berger Strategy Consultants, SAIC, Schlumberger Business Consulting, Tata Consultancy Services, Tieto, Towers Perrin, Watson Wyatt, Wipro, and Wood Mackenzie.

About Kennedy Consulting Research & Advisory

Since 1970, Kennedy Consulting Research & Advisory, a division of Kennedy Information, has been the world's leading source of market analysis on the Management Consulting and IT Consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe.

Kennedy provides accurate and reliable market sizing and forecasts for consulting services world-wide; needs analysis and vendor profiling for buyers of consulting services; timely and insightful intelligence on the top consulting firms in their respective markets; and operational benchmarks that measure consulting performance. Kennedy Consulting Research & Advisory's research spans multiple service areas, client vertical industries, and geographies. Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.

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