About advanced energy
Advanced energy includes a broad range of products, services, and technologies that allows the sustainable, secure, and affordable use of energy by making use of best available technologies and practices. Continuous innovation through R&D and dynamic government policies are enabling rapid growth and adoption of newer technology, which is changing how energy is being produced and consumed. Advanced energy works to make existing energy systems work in a more secure, clean, efficient, and affordable way.
Technavio’s analysts forecast the global advanced energy market to grow at a CAGR of 10.74% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global advanced energy market for the period 2015-2019. To calculate the market size, the report considers revenue generated through the following technologies:
Technavio Announces the Publication of its Research Report – Global Advanced Energy Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Advanced Energy Market: Alstom, Brammo, Clean Energy Fuels, ENN Energy Holdings and Silver Spring Networks
Other Prominent Vendors in the market are: ABB, GE, Areva, Tesla, Goldwind, and Abengoa Bioenergia.
Commenting on the report, an analyst from Technavio’s team said: “Government policies play an important role in driving investments and innovation, as energy sectors are highly regulated by governments. The government’s energy policy sets the road map for achieving the target set, thereby driving investments and R&D for this sector. One of the most talked about government policy is the EU’s 20-20-20 Policy that aims of reducing 20% carbon emissions, 20% of the power generation from renewable source, and achieve 20% energy efficiency by 2020.”
According to the report, with a surge in electricity generation worldwide due to growing population, utilities are running the plants at full capacity to generate more power from the existing infrastructure. They are working on improving the efficiency of the power generation facilities by adding incorporating innovations like substation automation, demand response system for power supply, and energy management systems to conserve energy in conventional plants.
Further, the report states that though solar and wind power are available abundantly, utilities are unable to utilize these sources effectively due to lack of infrastructure.
Brammo, Clean Energy Fuels, ENN Energy Holdings, Silver Spring Networks, ABB, GE, Areva, Tesla, Goldwind, Abengoa Bioenergia.