Dublin, March 10, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Energy Efficient Devices Market, Analysis & Forecast: 2016 to 2022; (Focus on Product Types; Applications and Regions)" report to their offering. The energy efficient devices market is expected to reach a market size of $908.49 billion by 2022
The increasing demand for reduction in energy consumption and greenhouse gas emissions along with concerns over climatic changes are some of the factors driving the overall market growth for this industry. Consumer electronics and appliances acquired a major revenue throughout the forecast period. Growing population and rising income levels are two of the most critical factors which are driving the market demand for such appliances. Residential buildings account for approximately 40% of the total energy consumption. The prospective savings of energy efficiency in the residential vertical can substantially contribute to a global reduction of energy consumption.
Energy savings across the residential sector reduces the overall demand for energy which significantly contribute to a nation's compliance with regulatory targets for the reduction of greenhouse gas emissions. Residential application vertical acquired a major revenue throughout the forecast period. North America dominated the global market in 2015 due to the presence of tech-savvy consumers. The Asia Pacific region is estimated to grow at a highest CAGR from 2016 to 2022 owing to development of smart cities and adoption of green technologies. Key Topics Covered: 1 Research Scope and Methodology 1.1 Scope of the Report 1.2 Global Energy Efficient Devices Market Research Methodology 2 Market Dynamics 2.1 Market Drivers 2.1.1 Rising Energy Prices 2.1.2 Regulatory Reforms and Initiatives 2.1.3 Issue of Global Warming 2.2 Market Challenges 2.2.1 Financial Barrier 2.2.2 Awareness Among Individuals and Lack of Market Demand 2.2.3 Interoperability Issue and Lack of Industry Standards 2.3 Market Opportunities 2.3.1 Development of Smart Cities 2.3.2 Technological Advancement such as IoT 3 Competitive Landscape 3.1 Key Market Developments & Strategies 3.2 Industry Attractiveness 4 Industry Analysis 4.1 Patent Analysis 4.2 Consortium, Association and Regulatory Bodies 4.3 Supply Chain Analysis 5 The Global Energy Efficient Devices Market, Analysis and Forecast 5.1 Assumptions and Limitations for Analysis and Forecast of the Global Energy Efficient Devices Market 5.2 Market Overview 5.3 The Global Energy Efficient Devices Market by Product Type 5.3.1 Heating , Ventilation and Air Conditioning (HVAC) Energy Efficient Devices 5.3.2 Consumer Electronics and Appliances 5.3.3 Smart Electric Meters 5.3.4 Smart Lighting 5.4 The Global Energy Efficient Devices Market by Applications 5.4.1 Residential Application Vertical 5.4.2 Commercial Application Vertical 5.4.3 Industrial Application Vertical 5.5 The Global Energy Efficient Devices Market by Geography 6 Company Profiles 6.1 GE Electric 6.2 Cree Inc. 6.3 Aclara 6.4 Koninklijke Philips N.V. 6.5 Honeywell 6.6 Crompton Greaves 6.7 Osram Group 6.8 Acuity Brands 6.9 Legrand 6.10 Zumtobel Group 6.11 Schneider Electric 6.12 Samsung Electronics 6.13 Itron 6.14 Toshiba 6.15 Trane 6.16 Carrier 6.17 Mitsubishi 6.18 LG 6.19 Daikin For more information about this report visit http://www.researchandmarkets.com/research/j7...bal_energy
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