A growing selection of energy efficient products have been spreading throughout this industry worldwide. More than half of the states in the United States have officially enacted quantitative energy efficient targets. More than 30 of these states offer incentives to drive reductions in energy demand. In Asia, several countries on the forefront of this region are looking for new cheaper and and cleaner energy resources. Currently, more than half of the annual energy consumption in the world is consumed by the Asian region alone.
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In the United States market, natural gas and clean power are chipping away at the coal industry. Natural gas production in the US is estimated to grow more than 56% in next 25 years. Even some of the largest and longest coal plants in the United States are getting closed by authorities and States.