Energy Saving And Performance Contracting Market Trends, Share, Growth Rate, Opportunities And Mark

Global Energy Saving and Performance Contracting Market: Overview

The concept of energy saving and performance contracting (ESPC) involves several processes in order to achieve greater energy efficiency. Increasing population across the world and consequent rapid urbanization, the demand for energy is touching new peaks. Smart cities and smart buildings are now being built in budget-neutral approach to reduce energy and water consumption. Frequently, renewable energy projects are installed and technology enables wastage of the same. By working in accordance to an energy service company (ESCO), the owners of a facility can significantly curtail their energy demand on a daily basis and gain greater return of investment (ROI). Consequently, the demand in the global energy saving and performance contracting market is expected to expand at a rapid rate during the forecast period of 2016 to 2024.

This report on the global market for energy saving and performance contracting aspires to serve as a credible business document for audiences such as national and state governments, municipal authorities, real estate developers, IT solution providers, system integrators, networking solution providers, and utilities companies. All important factors that may influence the demand in ESPC market have been analyzed for their eventual impact and future revenue estimations are included in the report. The report also profiles a number of key players currently participating in the global energy saving and performance contracting market and evaluates their share of the pie as well as recent strategic decisions.

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The global market for energy saving and performance contracting can be segmented on the basis of technology into heating, ventilation, and air conditioning (HVAC), combined heat and power (CHP), district heating (DH) refurbishment, and fuel switch, indoor and outdoor lighting, renewable energy sources (RES) utilization, and others including gas distribution, reactive power, process unit, combustion improvement, and compressed air. By business contract model, the market can be segmented into guaranteed savings model, shared saving model, and others. By end-use sectors, the market for energy saving and performance contracting can be segmented into industry, tertiary, public, and residential. Geographically, the report studies the potential of energy saving and performance contracting market in several regions such as Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe.

A run of river power plant is a small hydro power plant harnessing energy from the river water. This hydropower being renewable in nature, small in size, and dependent upon the natural water flow, seems to be a suitable low-impact alternative to the existing large-scale plants.

A run of river plant produces hydropower from kinetic energy of the natural flow of a river. A small portion of the river is diverted and led to the power house through a channel or penstock. The flowing water rotates the turbine which in turn rotates the generator coupled to it. This plant can produce substantial power provided there is sufficient water flow and its kinetic energy. The kinetic energy of this flowing water can be increased by having a sufficient pitch. Hence a location having such geographical features is suitable for the power plant to operate efficiently.

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There are many advantages of a run of river power plant. A dam is required only if the available head is not enough to produce the power demanded. Existing dams can also be used to meet the dam requirement. Since dam is not necessary for such power plant, flood risks are reduced. Thus negative impact on the environment is less. Flowing river water is source of energy which is converted to electricity. It is also environment friendly as it produces no pollution or any particulate matter. It is convenient for use by factories, residential areas and all those whose power requirement is not much. The run of river is an intermittent source of power. The power produced from such plant is suitable only to meet the peak power loads and not base load. Thus its operation and maintenance cost becomes high.

The market for run of river plants has high prospects of development. In North America run of river projects are expected to perform well due to its high dependency on hydropower in renewable sector. Europe is expected to see gradual development of such market due to its high concern for the environment and less availability the most economically attractive sites. But it is also been seen as an important source of energy security among other energy sources to meet for Europe’s future energy requirement. So development but on limited levels are expected in the forecasted period. China in Asia Pacific is the largest producer of hydropower in the world. Other major countries expected to contribute to renewables through hydropower are India, Australia, Japan, Thailand, Indonesia, and the Philippines. Hence the run of power projects can be beneficial in Asia Pacific too. Brazil is the second largest hydropower producer in the world. Thus the rest of the world provides a high scope of run of river market development

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Market segmentation in run off power projects is dependent upon the water- head availability in the river. A run of river with pondage is the one where low head is available throughout the year. A pondage is a storage facility to store the water and can be utilized during dry seasons when water head is very low. In meeting the peak power demands of consumers this stored water can be used. Another type of such power plant is a run of river without a pondage. Due to enough head availability of the water in the river throughout the year. No storage is required as water availability is enough to produce the required power.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Global Energy Saving and Performance Contracting Market: Trends and Opportunities

Among the key factors driving the global ESPC market is the liberalization and restructuring of the electricity and gas markets. In addition to that, initiatives taken by public and private sectors in accordance with climate change is another factors augmenting the demand in the global energy saving and performance contracting market. Increasing awareness pertaining to the need of every conservation, higher return of investment in a longer run, government support and legislations for performance contracting, and increased investment for renewable sources of energy such as solar power are some of the other factors favoring the global market for energy saving performance contracting. On the other hand, the lack of commercially sustainable projects is hindering the market from attaining its true potential.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

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