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Energy efficiency initiatives enjoy considerable government support all over the world, which is evident from the roll out of programs such as the ecoENERGY Efficiency for Industry program in Canada, Low Energy Apartment Futures (LEAF) in Europe and China Utility-Based Energy Efficiency Finance Program (CHUEE) in China. Most of the government programs provide tax incentives and grants to industrial participants as well as the citizens.
"Countries such as Singapore, the US, India and Canada have specific home and building energy programs. Building energy efficiency and management technologies have benefitted greatly from the government programs and schemes," said TechVision Research Analyst Guhan Sriram R V. "However, it is vehicle efficiency that is gaining the attention of technology developers and government bodies. A considerable portion of the funds is directed towards vehicle and engine efficiency. Canada, Europe and the US have a lot of programs targeted at improving vehicle efficiency."
Urbanization has caused an increase in the number of commercial and light duty vehicles, which obviously, have absorbed a sizable portion of the investments made to improve fuel efficiency. Another outcome of the urbanization is the growing interest towards smarter and energy efficient buildings. Most of the innovations would be towards automation and better equipment control. Building materials, air handling units and building temperature control are few areas those hold the key to improve energy efficiency in buildings.
"The Southeast Asian nations are emerging as a highly enthusiastic set of adopters of energy-efficient products," noted Sriram. "In the future, better energy policies and sizable funding are likely to attract investors and new technologies to this region."
Energy Efficiency in Transport, Buildings and Industry, part of the TechVision (Sustainable Energy) subscription, analyzes the adoption of energy efficiency solutions in the three major market segments: transportation, buildings and industries. The analysis is based on six dimensions: intellectual property analysis, funding, market potential, impact of Mega Trends, region-wise adoption and sector-wise adoption.
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Energy Efficiency in Transport, Buildings and Industry
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-surge-for-energy-efficient-technologies-in-building-and-transport-sectors-300297870.html
SOURCE Frost & Sullivan