Modular Energy Control System Market Global Industry Analysis, size, share and Forecast 2014-2020
As demand for energy is increasing worldwide along environmental conservation measures and volatility in energy prices, there is urgent need for development of alternative energy sources and energy conservation. Some of the developments include automatic timers and programmable thermostats which turn off lights when not needed and control their heating and cooling systems to reduce consumption.
As demand for energy is increasing worldwide along environmental conservation measures and volatility in energy prices, there is urgent need for development of alternative energy sources and energy conservation. Some of the developments include automatic timers and programmable thermostats which turn off lights when not needed and control their heating and cooling systems to reduce consumption.
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<strong>Modular</strong> <strong>Energy</strong><br />
<strong>Control</strong> <strong>System</strong><br />
<strong>Market</strong><br />
Share, <strong>Global</strong> Trends,<br />
<strong>Analysis</strong>, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> <strong>Forecast</strong>,<br />
<strong>2014</strong>– <strong>2020</strong><br />
Future <strong>Market</strong> Insights<br />
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Report Description<br />
As dem<strong>and</strong> for energy is increasing worldwide along environmental conservation measures <strong>and</strong><br />
volatility in energy prices, there is urgent need for development of alternative energy sources<br />
<strong>and</strong> energy conservation. Some of the developments include automatic timers <strong>and</strong><br />
programmable thermostats which turn off lights when not needed <strong>and</strong> control their heating <strong>and</strong><br />
cooling systems to reduce consumption. However, use of alternative sources of technology has<br />
been limited due to various reasons such as uncertainty of alternative energy supplies (e.g.<br />
water, sun<strong>and</strong> wind), difficulty in recovering costs <strong>and</strong> difficulty in integration all the sources <strong>and</strong><br />
devices into a single conventional electrical control system.<br />
A modular energy control system allows an energy consumer to better balance generation,<br />
consumption <strong>and</strong> storage of electrical energy. It also allows the energy consumer to store the<br />
electrical energy generated from different sources such as PV (photovoltaic) panels, batteries,<br />
etc. With conventional use of modular energy control systems, consumers can more efficiently<br />
use the energy resources by monitoring energy supplies <strong>and</strong> projecting energy dem<strong>and</strong>s.<br />
However, the equipment required to integrate <strong>and</strong> coordinate energy balancing may be bulky<br />
<strong>and</strong> expensive.<br />
A modular energy control system is a wireless base unit which communicates with one or more<br />
wireless load manager units to receive power supply <strong>and</strong> dem<strong>and</strong> projections from one or more<br />
loads connected to the wireless load manager.
Report Description<br />
In case of dynamic variables such as change in electricity prices, the base unit transmits the<br />
message to the load manager to reduce power consumption by one or more loads or to shut it<br />
off if required. New load managers can be added to the system with a scalable cost <strong>and</strong> minimal<br />
configuration.<br />
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183<br />
The modular energy control system is a major part of energy management, more specifically<br />
methods for controlling energy generation <strong>and</strong> consumption devices, better known as smart<br />
power grids. The energy management system focuses primarily on energy consumption,<br />
however, by integrating dem<strong>and</strong> <strong>and</strong> supply side options with energy consumption choices,<br />
various modular energy control systems can be used to increase energy <strong>and</strong> cost savings. A<br />
modular energy control system is equally efficient where the dem<strong>and</strong> forecasting from electrical<br />
power <strong>and</strong> supply from the energy sources are weather dependent, such as PV panels.<br />
For instance, a business pays electricity bills on perkilowatt-hour basis. The company bears an<br />
additional charge for peak hours during the billing period. Using modular energy control<br />
systems, the instantaneous energy usage can be monitored. The system can then be adjusted so<br />
as to discourage peaky consumption because of high cost, for a short period.
Report Description<br />
If the dem<strong>and</strong> exceeds a threshold, dem<strong>and</strong> from the grids can be reduced using batteries or<br />
critical energy users like freezers, which can be easily unplugged or disconnected using direct<br />
controls, controllable relays or sensors.<br />
The need for efficient energy generation, consumption <strong>and</strong> storage is the major market driver<br />
for modular energy control systems. The use of renewable energy resources for generation of<br />
electrical power on a large scale is one of the major challenges for the modular energy control<br />
systems, as the stability of the grid is affected. The market for modular energy control system<br />
can be segmented into software <strong>and</strong> hardware solution providers. Top ten EMS (<strong>Energy</strong><br />
Management Software) providers are JouleX <strong>Energy</strong> Manager, Utilities Direct, SAPSE, <strong>Energy</strong>CAP,<br />
Schneider Electric,PowerLogic ION EEM, CRedit360, eSight <strong>Energy</strong>, C3 <strong>Energy</strong>, Hara EEM <strong>and</strong> CA<br />
Technologies.<br />
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