The Embedded view component allows you to include an entire view inside another. Using this component allows you to select a view to display, and to pass parameters into the view. Because of this, views can easily act as templates for information.
For example, you could create a tank view and embed several into another, larger view that shows an overview of the facility.
The embedded view is different than a container because you cannot alter the contents of a view using the Embedded View. A new container would allow you to create a new grouped set of components.