Energy conservation is reduction in amount of energy consumed, whereas
energy efficiency is using less energy for any constant service. Both are
energy reduction techniques. Energy conservation results in increased
environmental quality, personal financing security and national security. The
Energy efficiency markets distributes goods and services which reduces energy
used to fuel our economies.
The concern regarding carbon emissions and increase in consumption of
power has demanded for energy efficient systems. 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 1970,
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.
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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 PV’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 (ACEEE).
Some of the key players
in the energy efficiency and conservation market are ABB, Baldor Electric
Company, Regal Beloit.
Download PDF : Energy Conservation And Efficiency Market
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
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comprehensive analysis of
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- Factors limiting market growth
- Current market trends
- Market structure
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