Market Intelligence Report Modular Energy Control System Market, 2014-2020

Market Intelligence Report Modular Energy Control System Market, 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. However, use of alternative sources of technology has been limited due to various reasons such as uncertainty of alternative energy supplies (e.g. water, sunand wind), difficulty in recovering costs and difficulty in integration all the sources and devices into a single conventional electrical control system.

A modular energy control system allows an energy consumer to better balance generation, consumption and storage of electrical energy. It also allows the energy consumer to store the electrical energy generated from different sources such as PV (photovoltaic) panels, batteries, etc. With conventional use of modular energy control systems, consumers can more efficiently use the energy resources by monitoring energy supplies and projecting energy demands. However, the equipment required to integrate and coordinate energy balancing may be bulky and expensive.

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A modular energy control system is a wireless base unit which communicates with one or more wireless load manager units to receive power supply and demand projections from one or more loads connected to the wireless load manager. In case of dynamic variables such as change in electricity prices, the base unit transmits the message to the load manager to reduce power consumption by one or more loads or to shut it off if required. New load managers can be added to the system with a scalable cost and minimal configuration.

The modular energy control system is a major part of energy management, more specifically methods...

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