Now a days, there is lot of alternatives available, which provides green and renewable energy. Through these alternatives, the consumer’s demand for energy is being satisfied. It is important to use the available energy in a systematic and efficient way so that there are many benefits. The purpose of this study is to briefly identify the various prospects, problems, and policies for energy efficiency in industries. Basis of purpose on the negative impacts caused due to the increased use of energy consumption in industries. This literature study is based from practical examples of industries, industrial applications and other new technology. As the electric motor system operates most of the industrial processes, the electricity consumption of motors in industries accounts for two thirds of total energy consumption. Influencing energy efficiency in industries provides substantial advantages. Various motor applications such as pumps, fans, air compressors, cooling compressors, variable speed drives is studied for their operation and working conditions. The utilization of energy efficient technologies to a greater extent can perceive savings to the industries. In spite of being aware of potentials of using energy efficient technologies in industries, energy efficient technologies are not widely used. A barrier to energy efficiency is explained as a practice that inhibits the industrial decision of being efficient in terms of energy and finance. The barriers consent with energy efficiency in industries is fair enough to be considered, while compromising energy for temporary prosperity is not upright. Influence of increased energy efficiency in market areas need coordination of all industries and commercial area throughout the country. The coordination between the industries and commercial sectors can be closely achieved by raising energy policies and energy regulations. The energy efficient policies are considered as cognizance for market transformation and this can maintain the industry, the environment, and the energy. The options available for market transformation are enormous. It is suggested to implement the energy efficient policies as energy efficiency is important for sustainable future. By adopting the right policy, at right situation can provide enormous benefits to the process, industry, and nation. A basis of energy efficiency in industrial application can provide potential energy savings for the present and future industrial situation. This can provide a balance between INDUSTRY-ENVIRONMENT-ENERGY.