About Energy Saving Solutions
Energy saving solutions help to overcome energy consumption through the number of services and solutions. Increasing usage and waste of energy in various forms is the major factor driving the energy saving solutions market growth. There are many methods to save energy such as investing in energy-efficient appliances for the home, using power strips if possible, switching to LED light bulbs, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.2% |
Global Energy Saving Solutions is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Solutions and Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
UpTake Networks (United States), Merck & Co., Inc. (aka MSD) (United States), Next Generation Mobile Networks (Germany), ROSS Intelligence (Canada), DiviGas (Singapore), Amyris (United States), BASF (Germany), CropX (Israel), Signol (United Kingdom), Blackford Analysis (United Kingdom) and Origami Energy (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Energy Saving Solutions market by Type (Smart Power Strips, Charging Stations, LED Lights, Smart Thermostats, Energy Saving Apps and Others), Application (Waste Heat to Power, Motor Energy Saving and Building Energy Saving) and Region.
On the basis of geography, the market of Energy Saving Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Intelligent lighting solutions will boost the Energy Saving Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Need for Energy Saving and Drastically Reduction of Fuels across the Globe
Market Growth Drivers:
Peoples Shift towards the use of Eco-friendly Product and Switch to Renewable Energy Sources
Challenges:
The Environmental concern Associated with the Energy Saving Solutions
Restraints:
High Cost Associated with the Energy Saving Products and Lack of Awareness about Importance of Energy among Peoples
Opportunities:
Government Investments in the Development of Energy Saving Plants
Market Leaders and their expansionary development strategies
In Feb 2021 Uptake announced today its acquisition of Edmonton-based ShookIOT, a leader in cloud-native data integration and integrity, strengthening its capabilities to accelerate digital transformation in asset-intensive industries. Bridging the data gap between OT and IT, the ShookIOT and Uptake combination simplifies data migration for easy deployment of Uptake's Industrial AI applications.
In November 2021, Next Generation Mobile Networks has released a new energy saving solution named “Green Future Networks: Network Energy Efficiency”, for reducing the energy consumption of mobile networks.
Appliance standards mandate that new equipment must meet minimum energy efficiency standards., Industry-wide standards help reduce adoption costs and maintain a level playing field among, manufacturers. Standards help reduce the cost of efficiency because manufacturers seek least-cost ways of, reducing energy consumption in order to compete in the price-sensitive share of the market (Nadel et al., 2005). Such standards, by increasing the overall efficiency of a product, also reduce the effects of many, barriers to long-term energy savings, e.g., split incentives. Split incentives arise when those who, purchase equipment do not have to pay for energy operating costs, such as home developers or landlords, and who make decisions based only on initial capital costs.
Key Target Audience
Energy Saving Solutions Providers, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.