The research, conducted by Siemens, stated that 79 per cent of the UK’s manufacturing sector reported energy as a “business critical issue”.
Two thirds of those questioned also stated that they were planning to invest in energy management, particularly renewable and self-generation technologies, in the next 12 months.
Steve Barker, head of energy efficiency and environmental care at Siemens Industry, said: “A significant minority of manufacturers are still struggling to recognise the benefits of a strategic approach to energy management, but often the perceived barriers to investment can be easily overcome with the right information and flexible financial support.
“There are many manufacturers already leading the way and, together with expert technology partners, they can help to inspire and educate those who say they have other priorities over and above energy management.
“For UK industry, the challenges around managing energy consumption will only intensify in the years to come and doing nothing is not an option for businesses that want to thrive.”