DUBLIN, Mar 6, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Energy Efficient Devices Market, Analysis & Forecast: 2016 to 2022; (Focus on Product Types; Applications and Regions)" report to their offering.
Electricity is one of the most critical energy forms being utilized in commercial and industrial applications and a majorly used energy resource by consumers, therefore electrical energy efficiency is of prime importance in the present scenario.
Electricity consumption is set to increase in the coming future due to increasing urbanization and rising disposable income of consumers. Lighting as well as heating and ventilation take up a significantly large share of consumption of electricity in commercial and industrial sectors.
Purchasing electrical energy efficient devices such as consumer electronics and appliances, lighting, smart meters and air conditioning products help end users reduce the share of electricity consumption and secure energy resources for future sustainable development.
The energy efficient devices market is expected to reach a market size of $908.49 billion by 2022. The increasing demand for reduction in energy consumption and greenhouse gas emissions along with concerns over climatic changes are some of the factors driving the overall market growth for this industry.
Consumer electronics and appliances acquired a major revenue throughout the forecast period. Growing population and rising income levels are two of the most critical factors which are driving the market demand for such appliances. Residential buildings account for approximately 40% of the total energy consumption. The prospective savings of energy efficiency in the residential vertical can substantially contribute to a global reduction of energy consumption. Energy savings across the residential sector reduces the overall demand for energy which significantly contribute to a nation's compliance with regulatory targets for the reduction of greenhouse gas emissions. Residential application vertical acquired a major revenue throughout the forecast period.
North America dominated the global market in 2015 due to the presence of tech-savvy consumers. The Asia Pacific region is estimated to grow at a highest CAGR from 2016 to 2022 owing to development of smart cities and adoption of green technologies.
- Acuity Brands
- Cree Inc.
- Crompton Greaves
- Elster Group
- GE Electric
- Koninklijke Philips N.V.
- Osram Group
- Samsung Electronics
- Schneider Electric
- Zumtobel Group
Key Topics Covered:
1 Research Scope and Methodology
2 Market Dynamics
3 Competitive Landscape
4 Industry Analysis
5 The Global Energy Efficient Devices Market, Analysis and Forecast
6 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/z6fpn5/global_energy
Research and Markets
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SOURCE Research and Markets