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.
More than 8 billion lamps illuminate the United States, accounting for nearly 20 percent of all electricity consumption in the nation, according to a study released by the Department of Energy (DOE). The “2010 U.S.
Lighting continues to be a huge chunk of a building’s annual energy costs—between 20 and 40 percent. While the need for light will never go away, analyzing its costs through energy modeling can help secure the installation of more efficient technologies.
Is it possible that some T5 lighting fixtures are perfectly efficient? One might get that idea based on some efficiency ratings of 98–100 percent, although it might not seem possible. Such a rating must be a mistake, right? But it’s not.
Analysis from Verdantix, an independent analyst focused on energy, environment and sustainability issues for business, shows that the market for carbon and energy management software in the United States will grow to $558 million by 2014.
As technology advances and more information about industrial energy use becomes available, the industrial energy management software and services market will evolve rapidly. According to an October 2011 report from Pike Research, under current conditions, the U.S.
According to the U.S. Department of Energy (DOE), the average energy use per home per year costs $2,000. With 110 million homes in the country, that’s a large sum of money. It is one reason why the relatively new home energy management (HEM) market is beginning to mature.