Growing demand for electrical efficiency and increasing investment in modernization of infrastructure will drive the global VFD (variable frequency drives)/VSD (variable speed drives)/ASD (adjustable speed drives)/inverters market to $18,854 million by 2017, with a CAGR of 8.7% from 2012 to 2017.
US demand to rise more than 10% annually through 2017 US demand for high efficiency lighting is forecast to increase more than 10 percent annually to $11.7 billion in 2017, supported by technological improvements and regulatory changes designed to lower electricity used in lighting applications.
This Market Update analyses the UK electricity market, covering the four main elements of the industry: generation; transmission; distribution and supply. Electricity generation is achieved through the conversion of fuels, such as coal, natural gas, petroleum, wind power, hydro and solar power, and nuclear energy.
New Yorkers recognize the value of switching from incandescent light bulbs to more energy-efficient options, according to a recent survey conducted for the New York State Energy Research and Development Authority (NYSERDA).
Energy efficiency is one of the most cost-effective, easy and rapid ways to reduce energy consumption and emissions. Efficiency gains can be measured through software tools, sensor networks and predictive analytics.
The total United States lighting controls market is estimated to be well over $1 billion by the end of 2013. This figure includes lighting controls, devices, systems and gears. The market is expected to show a considerable growth through the forecast period. The systems market is expected to grow at a much faster rate.