Power Conversion forsees the electrification trend doublling over the next 20 years. The oil and gas industry will lead the trend and use electrical systems to extract and transport natural gas more efficiently.
A supplier of power generation and energy-deli equipment says the first step in the integration of its acquisition of Converteam is to rename it Power Conversion. The company’s skill in process controls, automation, and high-efficiency power electronics, motors, and generators will let the company better meet the needs of customers looking to improve operational efficiency and productivity.
Large industrial companies are replacing mechanical processes with high-efficiency, customized electric alternatives that deliver better reliability, require less maintenance and create lower emissions in industrial processes. This electrification trend is expected to double over the next 20 years. One of the trend’s leading drivers is the oil and gas industry, which is using electrical systems to extract and transport natural gas more efficiently.
About 25% of electricity produced globally is used to power electric motors in a wide range of industrial applications. Power Conversion’s solutions could help improve their energy efficiency by 30%, helping reduce electricity consumption and energy intensity. Power Conversion, with GE’s Industrial Solutions business will address all steps in the energy conversion chain with a portfolio built around rotating machines, power electronics, wind converters, solar inverters, and process control technologies.
The fastest growth in the industrial automation sector is expected to be in Brazil, Russia, India, and China, and the Middle East. The expansion will be driven by a demand in energy efficiency, and integrated electrical and mechanical equipment critical to customers competing in highly competitive industries.
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