Manufacturing Industries are one of the major consumers of power. The motors used In Industries consume majority amount of power generated due to which energy efficient standards for motors was generated. This caused approval of energy efficient standards for electric motors. Different agencies have been assigned for the electric motors to be more energy efficient. After the energy crisis of 1 970, governments have involved importance of energy conservation and use of energy efficient devices all over the world.
All these reasons such as government regulations and high oil prices have made the market for energy efficient systems. The increase in global oil prices has motivated technological innovations and enhanced efficiency in various sectors. The drivers of energy efficient market in emerging economies are related to economic development, reliability of supply and energy security. The energy efficiency investments are promoted In Industries but they can be difficult to identify. Energy security Is also reason that has brought energy efficiency to front as they contribute towards reduction In energy.
Technology such as low E;glass and building energy consumption are widely applied across the world. Some of the governments issued policies to support building energy conservation. Some of the other technologies such as Building integrated P.S. and golden sun are practiced mainly in China and European countries. The increase in demand for consumer goods like refrigerators, air conditioners, and washing machines has motivated the market for power saving machines and low horsepower motors.
The application of energy efficiency market is classified on the basis of its uses in industrial, commercial and residential sector. Major Energy-Efficient countries are U. K. , U. S. , Japan, Germany and Italy according to American Council for an Energy- Efficient Economy (CACHE). Mom of the key players In the energy efficiency and conservation market are ABA, This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include North America Asia Pacific Europe Rest of the World This report provides comprehensive analysis of Market growth drivers Factors limiting market growth Current market trends Market structure Market projections for upcoming years This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players.
