Energy Efficiency: Understanding a Growing Industry

Table of Contents

• DATAMONITOR VIEW
  • CATALYST
  • SUMMARY
• ANALYSIS
  • After major gains from 2001-05, energy (power) efficiency in the EU is leveling out
    • Europe' s lead over the US in energy efficiency will narrow in the coming decade
    • Although power consumption is increasing, labor productivity gains mean the energy efficiency of major economies will rise
    • The UK will remain one of the most energy efficient major economies
    • Many countries are now experiencing a downward convergence in the carbon intensity of their economies
  • New housing construction across the EU will spur the purchase of newer, more efficient large appliances
    • Sales of residential appliances track new home construction, which highlights these important energy-saving opportunities
    • Housing booms in Spain and France will create new energy efficiency opportunities
    • European homes spend much less energy on large appliances than American homes, but more on space cooling and lighting
    • In the UK, fridges and freezers are the only appliances with steady, absolute improvements in energy efficiency since the 1970s
    • Cooking appliances and home electronics are flattening out in terms of potential future energy efficiency gains
    • Europeans dramatically increased purchases of refrigerators in 2006
  • Voluntary energy certification programs can produce major gains in energy efficiency
    • Energy Star is the world' s most successful voluntary energy efficiency labeling program
  • Energy Star market penetration and energy-saving results have soared in recent years
    • Energy Star has become an international energy efficiency standard
    • Much of the success of Energy Star comes from investment in professional brand management
  • In some European markets the energy services industry is growing at a rapid pace
    • Energy efficiency as a business offering is rolled into the energy services divisions of many utilities
    • Economic growth and energy market liberalization will drive growth in energy services markets
    • France, Germany and the UK are Europe' s largest energy services markets
    • Latvia and Romania will become the fastest growing energy services markets
• APPENDIX
  • Definitions
  • Datamonitor Consultancy
  • Ask the Analyst
  • Further reading
  • Disclaimer
  • List of Figures
    • Figure 1: Growth in wealth compared to growth in energy efficiency
    • Figure 2: Labor productivity and power consumption in the US and Europe
    • Figure 3: Energy efficiency of economic growth (based on power consumption)
    • Figure 4: Carbon output per unit of GDP
    • Figure 5: Home building and new appliances purchase trends in the EU
    • Figure 6: New housing constructed annually
    • Figure 7: Breakdown of residential energy use in Europe and the US
    • Figure 8: Energy efficiency improvements with British appliances per decade
    • Figure 9: Energy efficiency trends in British appliances
    • Figure 10: Sales of top energy-consuming residential appliances in the EU
    • Figure 11: Increase in key Energy Star performance factors from 2000-06
    • Figure 12: Energy services markets in Europe
    • Figure 13: Growth in European energy services markets