London, 08 October 2015 – Technavio has published a new report on the global advanced energy market, which is expected to grow at a CAGR of almost 11% from 2015-2019.
About the Report
According to the new report by Technavio, integration of IT in energy management has enabled real time data analysis, web monitoring and peak pricing, which benefits the utilities and enables them to optimize the power generation based on the information available.
“The advancement in IT has also changed in the way power is consumed in the residential sector, especially with the advent of devices like intelligent thermostats, efficient lighting and HVAC systems,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the improvements in technology, such as reduction in price of the materials and improved efficiency, which has made solar and wind energy popular fields for power generation.
“Emerging technologies play an important role in diversifying the energy mix, solving the concerns of GHG emissions, and development of new materials used in the manufacturing or construction process,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global advanced energy market from 2015-2019. To calculate the market size, the report considers revenue generated from the various segments, including power generation, transportation, energy efficiency, fuel, electricity infrastructure, and others.
Key Information Covered in the Report:
Key Vendors:
- Alstom
- Brammo
- Clean Energy Fuels
- ENN Energy Holdings
- Silver Spring Networks
Market Growth Drivers:
- Growth in innovation
- For a full detailed list, view our report.
Market Challenges:
- Lack of industry standards
- For a full detailed list, view our report.
Market Trends:
- Favorable government policies
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
