Retrofitting in plants will buoy the market for energy-efficient solutions in the mature industrial sector, finds Frost & Sullivan
Kaula Lumpur (Malaysia): The market for energy efficiency may have slowed a bit in the industrial sector but in the transport and building sectors, it is all set to grow sharply. With building energy consumption accounting to approximately 40 percent of the total energy consumed in both Europe and North America, the building sector is garnering significant attention from policy makers and technology developers.
Similarly, the intensifying demand for fuel efficiency and better road, air and seaway connectivity has necessitated superior machine handling and operation, driving the adoption of energy-efficient engines and vehicles.
New analysis from Frost & Sullivan, Energy Efficiency in Transport, Buildings and Industry, finds that governments globally are actively promoting energy efficiency through programs such as star rating for equipment and designing of energy efficient buildings. They have also introduced numerous policies mandating low energy consumption and are conducting awareness campaigns for their citizens. (PRNewswire)