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.
The Gulf Cooperation Council states are increasing investment in energy infrastructure by utilising smart grid, Dubai, Abu Dhabi and Saudi Arabia have all announced energy policies up until 2030 to maximise energy efficiency, as has Africa.
In the MEA, where temperatures go as high as 50°C, the key to smart energy management is in heating, ventilation, and air conditioning (HVAC) solutions. In Saudi Arabia, 70% of energy consumption is used in cooling compared to 48% in Europe.
LG Air Solution offers HVAC solutions aimed at the region’s growing smart energy market.
One exemplary site is MEA’s first net zero energy city, Dubai’s 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 moments 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 maximise energy efficiency, we will contribute to the changeover of MEA cities to become intelligent.”