The report, now available on ASDReports, 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 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Oct 2, 2015