TechRepublic.com reported in October 2014 that the United States has more electrical grid blackouts than any other developed nation and that, according to the U.S. Department of Energy (DOE), demand for electricity has outpaced transmission rates by 25 percent every year since 1982.
In its paper, “Intelligent Efficiency: Innovations Reshaping the Energy Efficiency Market,” Greentech Media notes that efficiency is an untapped energy resource that is already embedded in every commercial building, manufacturing facility and corporate campus.
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.