New SFS research reveals potential electrical savings

New research from Siemens Financial Services (SFS) has revealed that all around the world, considerable untapped potential for electricity savings is available to the manufacturing industry.

The study estimates the industrial electricity-efficiency potential. This quantity is defined as the proportion of current electricity consumption that could be saved if more electricity-efficient equipment were installed. From the examined geographies, the figures for potential energy savings range from approximately 14% to levels approaching 20%. In the UK, the industrial electricity-efficiency potential is about 14.2%. Together with Spain (14.2%), it ranks among the leading countries in industrial electricity-efficiency, followed by Germany (14.5%) and France (15.1%). The electricity-efficiency potential is even greater in developing economies such as China (17.2%) and Russia (19.1%).

The task of optimising electricity consumption is becoming an increasing challenge for the manufacturing sector. Electricity usage in manufacturing has risen three times faster than overall energy use over the last 40 years. A quarter of industrial energy consumption now comes from electricity usage.

All around the world manufacturers are increasingly enthusiastic to focus on installing more electricity-efficient equipment to reduce the consumption and cost of electricity.

Adapted from press release by Joseph Green

Read the article online at: https://www.worldcement.com/europe-cis/12062015/sfs-research-potential-electrical-savings-4/