New Energy Saving Devices to Reduce Expenses

For the construction community, energy efficiency is often a big priority on projects. Today, more owners want projects to be smarter, more affordable, and more efficient.

This trend is driving the use of new energy saving devices to reduce operational expenses in buildings. Case in point: variable frequency drives.

Variable frequency drives are being employed in a wide range of end-use applications. Installation of variable frequency drives, along with a flow meter, results in energy savings. Although there is a positive outlook on the North America variable frequency drives market, a few challenges can restrain growth. These include technical anomalies associated with variable frequency drives and high initial costs of medium voltage variable frequency drives.

Still, the North America variable frequency drive market is projected to grow through 2027, according to a new research by Future Market Insights. The key factors fueling the growth of the market include an increasing emphasis on energy efficiency. Process engineers are adopting energy-saving devices to reduce operational expenses. The introduction of general purpose variable frequency drives that are compatible with existing motors is reducing obstacles to widespread adoption.

The markets is segmented be drive type. AC drive, DC drive, and Servo drive. AC drives remain the sought-after device. Pumps are the largest end-use application segment, accounting for nearly 35% revenue share of the market in 2016.

This market will become more important with construction, as energy savings becomes an even bigger priority in the market.

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