This paper presents a literature review of recent research on introducing the Industry 4.0 approach to improving energy efficiency, especially in the wood industry. While researchers focus on processes, service, and customer concepts, the effect on energy consumption is less addressed in these studies and applications. This paper focuses on previous works that discuss how to apply Industry 4.0 concepts to energy issues, such as to achieve better efficiency and performance for the industry in general and the wood industry in particular. The complexity of the study requires a multistep development. First, we define each concept separately and the relationships between them. Second, we apply a search algorithm to find related articles with specific terms, and then use the PRISMA method to select the most important ones, eliminating duplicates and excluding articles that do not mention energy efficiency and Industry 4.0 in the manufacturing or wood industry. Third, we explain and categorize the results and consolidate the study with brief examples from other industries. Finally, we conclude the study by mentioning the limitations and perspectives.