March 08, 2010 10:27 ET

ICT Products and Solutions Save Global Energy, Amass Billions

NEW YORK, NY--(Marketwire - March 8, 2010) -  SBI Energy, the leading industrial market research firm behind bestselling titles "Electric Vehicle (EV) Infrastructure Manufacturing" and "Smart Grid Micro Grid Energy T&D and Storage," has added "ICT Energy Efficiency: Commercial and Industrial" to its growing catalog of reports covering sustainable power resources worldwide.

"ICT Energy Efficiency: Commercial and Industrial" details the global market for information and communications technology (ICT) products. The report forecasts the global value of ICT products and solutions across all sectors will grow from $170 billion in 2010 to over $478 billion in 2015. 

The ICT sector is a large and fast-growing sector of the global energy economy. It is important because the energy consumed in using ICT products -- computers, data centers, cell phones -- is enormous. According to SBI Energy report analysts Shannon Shuflat and Akash Shah, the use of ICT products across wide ranging applications currently accounts for 6% of the world's electricity consumption and 2% of global carbon emissions.

Ongoing technological innovations are enabling the ICT sector to improve the in-use energy efficiency of its products, including personal computers and peripherals, data center equipment and telecommunications devices and networks. These innovations are expected to improve overall ICT product energy efficiency by 38% by 2015 as compared to 2005 levels.

ICT products are capable of reducing energy losses in the generation and transmission of electric power, reducing the energy consumed in transportation and storage logistics, and reducing energy consumption of buildings from design through operations, among other capabilities. ICTs also offer solutions that can enable grid modernization and optimization which can be more cost effective and faster to implement than solely adding new infrastructure to the world's electric grids.

The ICT sector is making significant advances in the energy efficiency of the products it produces and the application of its energy efficient technologies to reduce energy consumption and emissions by other sectors. "ICT Energy Efficiency: Commercial and Industrial" identifies the need for improved energy efficiency and introduces several of the most significant opportunities to improve energy efficiency through the use of ICTs over the next five years.

Three factors driving demand for ICTs are, increasing demand for energy due to population and economic growth; increasing fuel prices and limited fuel availability; and regulatory intervention to reduce greenhouse gas emissions. "Enabling energy efficiency across a range of sectors, in addition to improving the in-use energy efficiency of its own products, makes the ICT market one to watch," says Shelley Carr, publisher for SBI Energy.

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