KARACHI / DUBAI – 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, 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 the 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 enhanced compressor reliability. Numerous MULTI Vs are currently successfully under operation in diverse sites in the MEA region.
