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Manufacturing could increase energy efficiency by 17.9%

By Niranjan Mudholkar,

Added 14 August 2015

Study by Siemens Financial Services highlights the need for more electricity-efficient equipment to be made available in the Indian market.

The manufacturing sector globally is now estimated to account for 42 percent of total annual electricity consumption. The sector has therefore become keenly focused on installing more electricity-efficient equipment to reduce the consumption and cost of electricity.

As a result, an increasing range of electricity-efficient solutions are now available to manufacturers that help reduce electricity consumption, reduce transmission losses, improve business performance, reduce lifecycle costs and meet environmental regulations.

Specialist financiers, who understand in great detail the payback that can be obtained from electricity-efficiency technologies, are stepping into the gap to provide financing arrangements that can help the country in energy savings thus offsetting the cost of acquiring energy-efficient equipment.

Methodology: Independent research was conducted amongst the global top 20 industrial equipment manufacturers between late 2014 and early 2015. Respondent organizations were asked to estimate the base-level potential for electricity-efficiency in the examined geographies - China, France, Germany, India, Poland, Russia, Scandinavia, Spain, the UK, the US and Turkey - based on today's available electricity-efficient technology. An average of respondents' estimates was then calculated for each country studied.
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