Energy consumption has grown incredibly fast over the last few decades. Energy efficiency plays a substantial role in cushioning the impact of climate change. Energy efficiency has become crucial in today's global industry scenario, because of the continuous increase in power and fuel costs. In all industries, energy cost is a major component of the cost of production, varying in the range of 5% and 45%. Energy conservation is often the most inexpensive solution to energy shortage, and it is a kinder alternative to increased energy production as it helps save the environment.
Energy efficiency also makes excellent business sense as it is one of the most attractive and cost effective tool that can reduce the cost of production and could contribute to increased pro?tability. It enables resource conservation, thus contributing to reduced greenhouse gas emissions and sustainable development. For the industry, excellence in energy efficiency ensures a healthy bottom line, based on the most productive consumption of all forms of energy
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