An estimated 3 percent of every sales dollar in the United States is spent on solving power quality (PQ) problems, according to Christopher Forthaus, senior product manager, test division, Ideal Industries Inc., Sycamore, Ill.
the North American geothermal market is expected to reach $147.6 million in revenue by 2017. Opportunities abound for electrical contractors to bring cost-effective heating and cooling options to their residential customers, according to market research firm Frost & Sullivan.
Plug loads, according to a pilot study performed by New York-based green technology company ThinkEco Inc., make up the fastest growing end-use of electricity in the commercial sector. As the amount of electricity used by plug loads grows, it becomes increasingly important to manage it.
As part of the growing trend to mitigate the environmental effects of energy consumption and production, sustainable energy planning is increasingly being implemented to develop long-range policies that will help guide the future of a local, regional or the national energy system.
Market research and consulting firm Navigant Research has found consumer motivations and government influence drive the demand for innovative new products to save energy through energy-efficiency upgrades in older buildings.
Home energy management (HEM) continues to be a growing opportunity for electrical contractors. With the increased energy-efficiency concerns of consumers, along with utility energy-efficiency programs in both deregulated and more highly regulated markets, there’s greater demand.
Energy management is emerging as a focal point in construction conversations. Electrical contractors (ECs) need to be aware of the latest trends and understand their role in promoting energy management. They also should know how to expand that role.
Many electrical contractors wonder if energy services will remain a viable market in 2013 and beyond. This concern is understandable, given the uncertainty in the domestic and global energy markets today.
With electricity demand in the United States predicted to grow by at least 40 percent by 2032, business could be impacted by higher operating costs and reduced profits from increased energy demand and constrained supply, a decline in sales of energy-using products, a loss of competitiveness in energ
Steps No. 8 and No. 9 of the energy services project delivery process involve procurement, installation, and integration of materials and equipment into operational systems to meet the customer’s energy conservation, efficiency, production and reliability needs.
Fuel cells are an evolving technology and a current new market for the electrical contractor (EC). As a result of research and development, fuel cells have become feasible to implement with greater capacity, reduced costs, increased reliability and improved efficiency.
With the Institute of Electric Efficiency reporting more than 36 million smart meters installed from 2007 through May 2012 and a target of 65 million by 2015, it appears that smart meters are here to stay.