Abstract

The contemporary world faces several energy problems and struggles to balance sustainable energy and steady industrial development. In this context, the existing energy efficiency studies have not unfolded the mysteries surrounding the industrial units' energy-saving potential and the key determinants and impacts of the manufacturing units’ energy efficiency levels. Therefore, there is a need to comprehensively study the existing energy efficiency studies and clarify the above. Considering two databases, Scopus and Web of Science, the study uses bibliometric analysis and a systematic literature review to analyze the current energy efficiency literature. The bibliometric analysis is based on 619 published papers and assesses the existing energy efficiency literature to ascertain the evolution of energy efficiency studies from 2001 to 2022. This investigation adheres to the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA-2020) framework for a systematic review of ninety-three relevant papers from the existing energy efficiency literature. The systematic literature review (SLR) highlights twenty-seven theories discussed in several dimensions of the environmental and industrial linkages in the manufacturing sector. Subsequently, the study identifies energy efficiency measures and the associated methodological issues. Next, the study addresses the available set of determinants and the impacts of energy efficiency performance on manufacturing industries across the globe. It explores the potential research gap in the existing studies. Finally, the concluding remarks, discusses several policy implications, and suggests avenues for future research in the direction of theory, context, and methodology in energy efficiency domain.

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