VFD Market Forecast to Grow
The global variable frequency drives (VFDs) market is forecast to grow steadily at a compound annual growth rate (CAGR) of nearly 8 percent by 2020, according to a report from ReportsnReports.
The market report notes that low power rating drives of less than 1 MW are slowly gaining popularity and technological advances have enabled energy-efficient devices that use low power rating drives.
The prospects for growth in this market are being driven by the growing demand for electric motors in various applications. VFDs are increasingly being applied in HVAC systems as energy management tools. VFDs act as energy-saving devices in fans, pumps, air handling units, and chillers. They are increasingly used in equipment having variable load applications. Typically, energy savings vary from 30 percent to 50 percent when using a VFD.
The ac drives segment currently dominates the market and is seen to further enhance its hold on the market by 2020 owing to its extensive utilization in all types of industries. Moreover, its augmented usage in heavy industries, such as metals and mining, oil and gas, cement, paper, power generation, wind energy, water and wastewater, and marine, will result in a substantial market share of more than 84 percent by 2020.
In the market study, analysts estimate the low-voltage variable frequency drives segment to account for more than 81 percent of the total market share by 2020. Since these drives have high flexibility, they can be configured to meet the precise requirements of industrial applications. Rapid development in the infrastructure and manufacturing sectors will lead to the healthy growth of this market segment during the forecast period.
According to the report, leading vendors in the variable frequency drives market are: ABB, Siemens, Toshiba, and Yaskawa. Other prominent vendors in the market are: American Electric Technologies, Amtech Electronics India, Delta, Emerson, Fuji Electric, Hiconics Drive Technology, Hitachi, Honeywell, Johnson Controls, Mitsubishi Electric, and Schneider Electric.
Municipal Infrastructure at Risk
One third of Canada’s municipal infrastructure is at risk of rapid deterioration, according to the 2016 Canadian Infrastructure Report Card (CIRC).
Informing the Future: The 2016 Canadian Infrastructure Report Card assessed the state of municipal roads and bridges, public transit, buildings, sprot and recreation facilities, stormwater, wastewater and potable water infrastructure. The results indicate that much of Canada’s municipal infrastructure is at a critical juncture.
The 2016 report card found that almost 60 per cent of Canada’s core public infrastructure, including bridges, roads, transit lines and water infrastructure, is owned and maintained by municipal governments and that one-third of that municipal infrastructure is in fair, poor or very poor condition. It shows that current reinvestment levels are not meeting our infrastructure needs, and continuing down this path will result in a gradual decline of physical condition levels that will impact municipal services and increase repair costs in the future.
The time is now for all levels of government to play a role in supporting municipal infrastructure and in responding to new needs such as population and economic growth, climate change and extreme weather, and new regulations like the federal wastewater standards. There is also an urgent need to invest in and renew local infrastructure. CCA believes governments have to take action to address the lagging rate of investment in rehabilitation and maintenance to ensure that existing assets continue to meet the needs of Canadians.
The report card is the continuation of a collaboration struck in 2012 between the CCA, the Canadian Public Works Association (CPWA), the Canadian Society for Civil Engineering (CSCE) and the Federation of Canadian Municipalities (FCM). The 2016 edition also received support from the Canadian Urban Transit Association (CUTA) as well as the Federal-Provincial/Territorial Sport, Physical Activity and Recreation Committee.
FCM 2016 Sustainable Communities Awards
The Sechelt Water Resource Centre (featured in spring 2015 MCABC magazine) has earned a 2016 FCM Sustainable Communities Award. It was among a number of recipients in different categories which showcase the very best in local environmental practices. Canada’s municipalities are recognized as consistent drivers of innovation, delivering local actions that lead to national results. Primary among them is reduction in greenhouse gas emissions.
Municipalities were recognized for delivering innovative solutions in the following categories: brownfields, energy, neighbourhood development, transportation, waste and water. The outcomes of municipal sustainability initiatives include more integrated community planning, and economic, social and environmental benefits.
This year, award-winning projects also included a ground-breaking financing approach for energy-efficient retrofits for private and residential buildings; a seamless active transportation corridor; a plan to boost local clean technology and sustainable energy sectors; a facility to turn organic waste into gas and generate revenue. For full list of winners, go to: fcm.ca