Energy Efficiency: Global Products and Services Markets Forecast to 2023

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ReportsnReports Presented
Energy Efficiency Global Products and Services
Markets
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The global energy efficiency (EE) market
encompasses product and service markets that
enable residential, commercial and industrial
energy consumers to use less energy and save
money. EE products include EE building goods, EE
appliances, EE consumer electronics, smart
meters, EE lighting, motor efficiency
controllers, power management software and EE
vehicles. EE services encompass smart grid,
demand response, cloud computing and consulting
and auditing services and also include energy
service companies (ESCOs). SBI Energy estimates
in 2012, the total global energy efficiency
market totaled a hefty 595.45 billion. Although
growth slipped a bit during the global recession
of 2008-2009, business has picked back up and
many market segments are now thriving. The future
of the global EE market remains bright, as some
segments enjoy especially prosperous growth.
Smart meters are projected to experience a near
732.9 hike between 2012 and 2023, while EE
appliances are expected to grow nearly 574 in
the same time period. A number of driving and
inhibitory factors are affecting growth in this
many-faceted market, some impacting the market as
a whole and others only specific market segments.
One of the most noteworthy factors influencing
the total EE market is an increase in the number
and stringency of regulations and other EE
requirements around the world. This movement has
helped to spur growth in many EE markets, as
governments, manufacturers, businesses and others
strive to reduce energy use in order to meet the
new standards. Going green has become popular,
not only among regulators and governments, but
also in the consumer world. People around the
globe are becoming increasingly aware of their
environment and personal health and also want to
do their part to lower GHG emissions and reduce
the use of natural resources. Not all those
delving into the world of energy efficiency are
inspired to go green simply to save the earth,
however incorporating energy efficiency products
and services also often saves money at least in
the long run. For perspective on what these
savings equate to, the Environmental Protection
Agency calculates that if every appliance
purchased in the United States in 2011 would have
carried the Energy Star tag, two billion KWh of
electricity could have been saved, which would
have equated to a savings of 585 million in
annual energy costs. Request a sample of this
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