With proven technological track record, LG Electronics to lead the smart energy industry with its total HVAC solution
As a leader in the
HVAC industry, LG Electronics is strengthening its foothold as a pioneering provider
of smart energy solutions in the Middle East & African (MEA) market.
According to Mordor Intelligence, a global market research company, the energy management system market in the MEA region is expected to grow at an annual rate of 11.87% to reach USD 3.76 billion by 2021. As such, continuous research and development of efficient energy management policy is undergoing in government and international organization-scale in the MEA region.
In particular, members of the Gulf Cooperation
Council are increasing investment in energy infrastructure by utilizing smart
grid, Dubai, Abu Dhabi and Saudi Arabia have all announced energy policies up
until 2030 to maximize energy efficiency. Africa is not an exception. According
to the International Renewable Energy Agency, energy demand in Africa is expected
to increase 2 fold by 2030[ii],
while United Nations Environment Program analyzed that in regions like Africa
where energy access is restricted, efficient energy management is significant in
times where demand skyrockets.
In tropical climates like the MEA, where temperature goes high as 50°C, the key to smart energy management is in heating, ventilation, and air conditioning (HVAC) solutions. Representatively in Saudi Arabia, 70% of energy consumption is used in cooling compared to 48% in Europe.
To tackle such needs, LG Air Solution provides
highly efficient HVAC solutions. LG’s
representative line for its HVAC solution is the VRF system, MULTI V, is equipped with ever powerful
and reliable LG’s ultimate inverter compressors, which are vital to the
efficiency of a VRF. LG inverter technology offers maximum efficiency in part
load as well as full load conditions with a large range of frequency operation,
and an enhanced compressor reliability. Numerous MULTI
Vs are currently successfully under operation in diverse sites in the MEA region.
One exemplary site is MEA’s first net zero energy city, the Sustainable
City by Diamond Developers. Requiring a highly efficient HVAC solution, especially needing a part load operation and controlling
and monitoring the AC units from a smartphone, all the challenges were met by LG
and the City is now enjoying the best energy efficiency.
LG also provides smart energy management with its BECON
(Building Energy Control) Cloud Solution, an IoT-based platform. Through numerous
sensors in the BECON Cloud, remote real-time monitoring, energy efficiency management,
and energy saving is possible. Maintenance service teams are also set up in the
MEA region with a strong basis in Dubai, UAE and several sites in the region
have adapted BECON Cloud and are receiving remote maintenance service.
Expanding into the smart energy business with its
technologies in HVAC solution, LG’s capabilities have been demonstrated in Korea’s
LG Science Park, a world class R&D complex with an area of around 175,207m2.
Not only the most up-to-date HVAC system has been adapted, but the innovative
energy solution for energy management and renewable energy facilities have been
realized. For instance, simulation for energy use based on information on
weather, building facility data, operating history, etc. is held to predict
energy demand with BECON solutions and manage energy supply and demand. Review
and analysis of energy production, saving, and load is also undergone through
renewable energy facilities for smart energy management. With these advanced
technical capabilities realized in LG Science Park, LG will move on to globally
expand its technological leadership in smart energy management.
James Lee, President of LG Electronics Middle East and Africa said, “Starting
from 2020, the MEA region is welcoming key momenta with numerous international
events and government-led construction projects that can lead to
high demand in energy solutions. With LG’s smart energy solutions that can
maximize energy efficiency, we will contribute to the changeover of MEA cities
to become intelligent.”
Mordor Intelligence. “Middle East and Africa Energy Management Systems Market – By Type (Hardware, Software, Services), Type of Energy Management System (HEMS, BEMS, FEMS), Industry, Countries, Trends, Forecast – (2017 – 2022)”. www.mordorintelligence.com. https://www.mordorintelligence.com/industry-reports/middle-east-and-africa-energy-management-systems-market-industry (accessed June 17, 2019)
International Renewable Energy Agency. Africa 2030: Roadmap for a Renewable Energy Future. PDF file. 2015. https://www.res4africa.org/wp-content/uploads/2016/05/Africa-2030-a-roadmap-for-a-renewable-energy-future.pdf
Ayhan Demirbas, Ayman A. Hashem & Ahmed A. Bakhsh (2017) The cost analysis of electric power generation in Saudi Arabia, Energy Sources, Part B: Economics, Planning, and Policy, 12:6, 591-596, DOI: 10.1080/15567249.2016.1248874