Energy-efficient ICT-enabled energy savings market to grow at 21.47% during 2011-2015

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Energy-efficient ICT-enabled energy savings market to grow at 21.47% during 2011-2015

Greentech Lead U.K: Global energy-efficient information
and communication technologies-enabled energy savings market is estimated to grow
at a CAGR of 21.47 percent over the period 2011-2015, according to a recent
report from TechNavio.

Key vendors dominating this market space are Landis+Gyr
AG, Echelon Corp., Itron Inc., Elster Group SE, and GE Energy LLC.

The report, “Global Energy-efficient Information and
Communication Technologies-enabled Energy Savings Market
2011-2015” finds that the key factors contributing to this market
growth is the need to support a complex billing process.

The errors of conventional energy meters can be avoided
by the installation of smart energy meters. In the case of smart energy meters,
the involvement of human speculation is, to a large extent, limited and
therefore the chance of error is also low.

The Global EEICT-enabled Energy Savings market has also been
witnessing carbon emissions trading. However, increased exposure to
cyber-attacks could pose a challenge to the growth of this market.

Commenting on the report, an analyst from TechNavio’s
Clean Tech team said: ”One of the major trends observed in this market is the
introduction of the carbon emissions trading technique by several international
bodies. This technique, which aims to reduce carbon emissions, is expected to
lead to the growth of the Global Energy-efficient Information and Communication
Technologies (EEICT)-enabled Energy Savings market.”

According to the report, one of the major challenges
confronting the market is the increased exposure to cyber-attacks.

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