Research and Markets reportedly announced the addition of Frost & Sullivan's (News - Alert) new report “Strategic Analysis of Green Technologies Market - Energy Efficiency (HVAC, BAS, and Lighting)” to its offering.

 

Frost & Sullivan’s report presents the growth opportunities and barriers in green technologies market with regards to energy efficiency in the application spaces of heating, ventilating and air conditioning or “HVAC,” building automation system or “BAS” and lighting in Asia Pacific.

 

The report provides overview of green technologies market- both global and specific to Asia Pacific region. It discusses current issues associated with green technologies market. The report also gives an outlook of the future of the market.

 

The green trend is taking wing in the Asia Pacific, with various governments implementing national or regional initiatives and programs to encourage energy conservation activities, said officials at Research and Markets.

 

Recently, Frost & Sullivan found that various governments in the Asia Pacific region have mandated utilities to modernize their grids with smart grid technology. The report, “Asia Pacific Smart Grid Market” finds that the utilities, spurred on by government funding and the cost saving benefits of the advanced technology, have started moving toward smart grids.

 

Another trend, the green building is breaking out of the confines of the Japanese market and is gaining currency in many other countries in the Asia Pacific. Despite green technologies high costs, consumers are increasingly basing their purchase decisions on the products environment friendliness and their ability to reduce energy costs and carbon footprints.

 

The growing conscience among consumers is motivating companies to invest in green HVAC, BAS, and lighting systems, the agency noted. Even the businesses and building owners that deem these technologies too expensive to install and maintain can be persuaded with a demonstration of the technology's long-term returns on investment.

 

Research and Markets said that green HVAC, BAS and lighting technologies can greatly improve the bottom line of the business, provided that they are applied properly. They could generate financial benefits through energy efficiency, energy and water savings, reduced wastage, improved indoor environmental quality, greater employee comfort or productivity, as well as lower operations and maintenance costs.

 

Companies in the HVAC, BAS, and lighting systems segments are adopting innovative technologies. For example, the HVAC segment has been using advanced technology that allow air conditioners to intelligently lower power levels once the ideal ambient temperature is reached, which, in turn, lowers users electricity bills, the agency noted.

In the BAS sector, building owners and facility managers are provided with a Web-based BAS that unifies diverse equipment systems and control devices into a single, easy-to-navigate Web site.

 

An innovation in the lighting sector, energy management systems installed in lighting fixtures has a detector that measures the amount of natural light from any nearby windows or natural light source to control the dimness of the lighting equipment.

Analysts say since R&D plays a vital role in developing new green HVAC, BAS, and lighting technologies, governments or NGOs have to provide financial grants or assistance to the developers.

 

Also, leading market players could also establish strong linkages among international or regional research institutions in green technology in order to stay abreast of the latest technological developments.