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.
The report, Global Advanced Energy Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC it also covers the landscape of the global advanced energy market and its growth prospects in the coming years.
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Sector: Energy and Natural Resources
Source: GlobeNewswire
(October 14, 2015 - 10:46 AM EDT)