FY2011 Market Survey Results on Systems to Visualize Energy Saving

The Yano Research Institute, a Japanese market research and consulting company, released on July 17, 2012, the results of a survey that it conducted from April to June 2012 on the domestic market of systems and services for measuring and displaying energy saved.

The market for systems and services for measuring and displaying energy saved refers to equipment, devices, systems and services that measure, manage and visualize the energy consumption of businesses, in real time, with the goal of identifying wasteful consumption and promoting energy conservation. The market is grouped into two categories: equipment and systems to measure and control energy consumption load control; and related consulting services.

The survey estimates that, with increasing demand for energy conservation, the market grew to 50.1 billion yen (about US$634.2 million) in fiscal 2011, up 13.9% from the previous year, and is likely to further expand in fiscal 2012, reaching 55.7 billion yen (about US$705 million), up 11.2% year-on-year.

As businesses are required to make energy conservation efforts amid concerns about shortages in electricity supply, Yano Research expects long-term growth of the market with an ongoing price reduction trend.

Related JFS article:
MLIT Announces 2012 Subsidy for Energy-Saving Renovations in Private-Sector Buildings