Technological advancements and regulatory policies aimed at improving energy efficiency are important factors
January 13, 2016
The global electric motor market was valued at $99.85 billion in 2014 and is expected to reach $141.7 billion by 2022, growing at a compound annual growth rate (CAGR) of 4.5 percent from 2015 to 2022, according to a new report by Grand View Research.
DOE recently amended Section 431 of the federal energy code covering the efficiency of electric motors
November 20, 2015
The National Electrical Manufacturers Association (NEMA) Motor & Generator Section will host a second series of webinars in December related to the U.S. Department of Energy’s (DOE’s) motor regulation, which will take effect on June 1, 2016.
The Company Intends for the Chapter 11 Filing to Enable It to Seek an Acquirer
January 1, 2015
SNTech Inc., a developer of high-efficiency, “smart” electric motors for commercial and residential applications, announced that it filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Arizona. The company intends for the filing to enable it to seek an acquirer.
Awards Will Help in Advancing Energy-Saving Technology
September 10, 2014
QM Power Inc. announced that it has received two competitive funding awards from the U.S. Department of Energy (DOE) to expedite commercialization of its Q-Sync™ motor solution into the commercial refrigeration market and extend it into HVAC applications with Carrier.
New Standards Expected to Save Money and Cut Greenhouse Gas Emissions
May 20, 2014
The U.S. Department of Energy (DOE) has announced new energy efficiency standards for electric motors and for walk-in coolers and freezers. According to the DOE, these standards combined are expected to provide businesses with $26 billion in energy savings through 2030.
Discounts Available to Plumbing, HVAC, and Electrical Contractors
April 1, 2014
Pump Products is offering a new incentive to customers from the plumbing, HVAC, and electrical contracting trades. The company announced that members of the Plumbing-Heating-Cooling Contractors Association (PHCC) and Electrical Apparatus Service Association (EASA) are eligible to receive an additional discount.
Demand in the United States for electric motors is expected to increase 4.6 percent annually through 2017 to $14.4 billion, accelerating from the pace of the 2007-2012 period, when nearly every major market for these devices struggled.
The National Electrical Manufacturers Association (NEMA), its members who manufacture electric motors, and several other groups filed a petition with the U.S. Department of Energy (DOE) recommending new and more robust energy-efficiency standards for electric motors used in commercial and industrial applications.