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blogaarti · 3 years ago

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Metaverse Market Size, Share, Status and Forecasts 2022-2029

In the recent past, the world has witnessed advancements in several ground-breaking technologies such as big data, 5G networking, artificial intelligence (AI), blockchain, augmented reality, and virtual reality. These changes are revolutionizing the media and entertainment world and creating new possibilities in the gaming sector. The adoption of Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) is increasing. Moreover, the digitalisation of art, fashion, and retail industries is undergoing at a fast pace. All these factors are cumulatively leading the global metaverse market to sound maturity. Moreover, paced investments in blockchain technologies and cryptocurrency are also creating growth prospects. As digital technologies become more advanced and financially viable, more market players are showcasing interest in the metaverse. The global metaverse market is set to grow in such a business landscape.

For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/metaverse-market

Notable Developments in AR/VR Technologies to Create Growth Prospects

Notable advancements in VR technologies are fuelling the global metaverse market expansion. As AR and VR technologies are the cornerstone of the metaverse, several market players are amping up their VR technological advancements. VR technologies also enable users to communicate more easily within the virtual world. The technology is being used for instructional training for engineers, military soldiers, pilots, field workers, mechanics, and other technicians. The military, manufacturing, and oil and gas industries are emerging as major contributors to such developments. The development of more sophisticated and modern VR headsets is set to create substantial growth possibilities for the global metaverse market in the coming years.

Soaring Investments in Blockchain to Open New Avenues of Growth

The growth and sustenance of the global metaverse market are dependent on several technological innovations. One such technology is the blockchain as it allows users to safeguard their digital assets in virtual realities. By using blockchain, users can leverage a reliable cryptocurrency to build and trade NFTs and generate income in virtual environments. As of now, blockchain technology is the only reliable and foolproof technical option that can build confidence among users and market players to carry out financial transactions in the metaverse. To this end, robust investment is being made to make blockchain more secure and usable in industries such as banking and cybersecurity.

North America to Lead Metaverse Market Amidst Flourishing Entertainment and Gaming Industries

Thriving entertainment, media, and gaming industries, and the presence of several major market players are establishing North America’s supremacy in the metaverse market. Investment in AR/VR technologies is very widespread in the region. Several start-ups are also seeking to leverage this emerging market due to the highly disruptive nature of the metaverse. The gaming industry is expected to be a significant contributor to regional market expansion. Meanwhile, the metaverse market in Asia Pacific is also projected to showcase tremendous opportunity. Regional economies such as China, India, and Japan are adopting these innovative technologies at a fast pace.

Notable Market Players

The most competitive players participating in the global metaverse market include ByteDance Ltd, Facebook, Inc., Alibaba Group Holding Limited, Nextech AR Solutions Inc., NVIDIA Corporation, Huawei Technologies Co. Ltd., Roblox Corporation, and Shenzhen Zqgame Co., Ltd, Tencent, and Unity Technologies.

For More Information Visit: https://www.fairfieldmarketresearch.com/report/metaverse-market

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About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

#metaverse #metaverse market #metaverse market trends #metaverse market size #metaverse market share #metaverse market demand #metaverse market growth #metaverse market analysis #metaverse market forecast #fairfield market research

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cooldavidkentposts · 4 years ago

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Advanced pump system upgrade cuts AlburyCity Council costs

AlburyCity Council in NSW operates two water supply systems to manage and treat raw water to provide clear, potable water. The raw water scheme uses three pump stations to deliver raw water to the water filtration plant, where it is treated into safe and secure drinking water for 55,000 residents in Albury and the surrounding region. The council manages and supplies a separate raw water scheme that delivers untreated water to several large businesses in the area, including a paper mill, golf club and equestrian centre.

One section of the clear water reticulation system features a water-boosting pump station responsible for pumping to water storage tanks on a nearby hill. From here, the system uses gravity to distribute the treated water to nearby communities. It is on standby 24 hours a day, seven days a week, with actual pumping operations of between six hours per day in winter months and up to 16 hours per day during the summer months.

A result of many decades of steady development, the pumping station area now sits amongst various dwellings including a public school, as close as 20 m.

When equipment causes electrical disturbances

A problem was recognised in the power system each time the station’s pumps would start. It was causing a burdensome inconvenience and intrusive electrical disturbance whereby the lights in nearby buildings would dim each time the pumps were started or stopped.

In response, AlburyCity Council engaged ABB Channel Partner Remtron to conduct an analysis of the problem and provide a solution with long-term resolve.

Remtron identified that the power quality disturbance was caused by the system’s installed soft starter motor controller. Modern solid-state power conversion equipment (PCE), such as soft starters, is effective at soft starting a motor; however, the side effect is harmonic distortion introduced into the power network during the starting and stopping of the motor.

“When the soft starter would activate, the associated soft starting action created unwanted distortion on the power network,” said Anthony Merrett, Automation Support Engineer – Drives and Power Quality for Remtron.

The electrical stress caused by harmonics and high starting currents pollute electrical networks with dirty power that can make connected equipment behave erratically. In severe cases they can cause damage to sensitive electronic equipment and interference in communication equipment, and give false readings on measurement devices. In the case of the nearby dwellings, it was these harmonics that were responsible for interferences in their electrical lighting systems. Across summer months, when treated water consumption increases and the network demand is at its limit, the impact on the network was even greater.

It became Remtron’s goal to not only solve the network disturbances, but also assist the council in optimising its system’s overall infrastructure to reduce the risk of operational failure, extend equipment lifetime and increase energy efficiency — and therefore reduce carbon emissions and subsequent electricity costs.

Inefficiencies identified in the existing pumping system

Analysis of the existing soft starter and motor pumping system indicated efficiency gains can be realised by using variable speed drive control.

A more efficient method to pump water is by using variable flow control and operating at the pump’s best efficiency point (BEP). The BEP is found along the pumping curve by measuring water flow rate and pressure.

After installing a variable speed drive (VSD), it was observed that when operating at motor frequency 45 Hz water was pumping at 176 litres per second. As a comparison, when the motor frequency was increased to 50 Hz, water was pumping at a higher flow rate of 210 litres per second. Remtron determined that although that 50 Hz achieves a greater flow rate, because it’s not at the BEP, it costs significantly more to pump.

AlburyCity Council’s pumping system interface, with pressure and flow rate indicators.

Pumping chart shows the flow rate at 45 and 50 Hz, and the relative energy consumed in amps (A).

Technologies to solve the problem, easily

A drive and motor package was identified to be the best solution for AlburyCity Council. It featured ABB’s ACQ580 ultralow harmonic (ULH) variable speed drives (VSD) and ABB’s M2BAX IE3 premium efficiency motor.

ACQ580 water-dedicated drives are engineered to reduce harmonics in the power network. They easily integrate into the council’s existing system without concerns of wider disruption. This meant there was no need to oversize the electrical system or budget for broader investment in additional infrastructure. Also, by using this clean technology, the need for any additional filters or power quality equipment is eliminated.

Alternative 6-pulse drives emit 30–45% total harmonic distortion (THDi), compared to ULH drives which typically emit less than 3%. In contrast to other harmonic mitigation technology that use external filters, ACQ580 ULH drives are also much easier to install, with minimal wiring required thanks to their design and small footprint.

ABB’s drive and motor package, installed in AlburyCity Council’s pump room.

Installed ABB ACQ580 ULH variable speed drive onsite at the water pumping station operated by AlburyCity Council.

Second ABB ACQ580 ULH drive installed in the pump room on site, used to optimise existing application as a customised approach by Remtron to give AlburyCity Council the best outcome. The control system also features ABB automation equipment including an ABB AC500 PLC and ABB CP610 HMI touch screen visual display unit for digitalised monitoring.

The ACQ580 drives improved the quality of the power network and enabled the system to advance from a fixed speed application to variable speed. The ULH drive ensured that THDi was less than 3%, even when the motor pump speed was varied.

“We knew we would be saving energy by knocking a couple of Hz off the speed of a motor by installing a VSD, but through this project we now understand how to choose the best motor speed and more importantly all of the other benefits achieved by installing a VSD,” said Mitch Palmer, Electrical Supervisor for Construction and Maintenance at AlburyCity.

AlburyCity Council now benefits from the efficiency delivered by variable speed motor control. It was proven that running at 50 Hz full speed results in pumping 1.03 litres per second per ampere; however, this was less efficient than running at 45 Hz, which results in higher efficiency pumping at 1.22 litres per second per ampere consumed.

By lowering the speed of the pump, the council benefits from better performance overall whilst lowering energy consumption. “It’s essentially optimising the demands of the process with less wear and tear, lower pump cavitation and hydraulic stress through the pipes, just by being able to reduce motor speed by 10% via the drive,” said Merrett.

“But first and foremost, it solves the original problem — there’s no more light flickering for any building in the area.”

ABB’s M2BAX low-voltage IE3 premium efficiency motors were also installed at the pumping station site. The motors, supplied by ABB Channel Partner A1 Electric Motors, are a cast iron motor especially designed for applications like pumping, because they’re robust even in tough, ambient conditions.

The electricity needed to power equipment like motors has long known to be the culprit of lofty operating costs. Premium, high-efficiency motors provide greater overall cost savings for users thanks to their low energy operational needs and long-term product life cycle. This also supports the reduction of environmental impact across the entire motor lifetime.

Results that exceed expectations

The newly upgraded system equipment has allowed the Council to run its pump at BEP. The council has already gained 20–30% in energy savings, which has resulted in reduced electricity running costs. During the starting of the pump there have been no disturbances to the power system.

The harmonics remain low during operation, exceeding Australian AS61000 standards guidelines, and the pump efficiency can now be matched to the system efficiency, slowing the pump to 45 Hz, to achieve greater overall energy efficiency.

In reflecting on the project work he undertook with ABB Channel Partners Remtron and A1 Electric Motors, Palmer said, “I had a somewhat thorough knowledge of motors and drives and, while I knew there was more to learn, these guys blew me away. I really enjoyed working alongside Remtron and A1 Motors. Not only did they share their knowledge of equipment solutions and all things electrical, their mechanical comprehension was invaluable. The effects mechanical and electrical components can have on one another when there is a problem is profound, but equally so when all factors have been considered and aligned. The results are genuinely impressive.

“Using energy efficient motors and ultralow harmonic drives, with the added benefit of unity power factor, has allowed us to capture cost savings in total power consumption.”

To learn more, read the full case study here.

Top image caption: (L to R) Anthony Merrett from Remtron and Mitchell Palmer from AlburyCity Council, beside ABB’s M2BAX IE3 high-efficiency motor.

source http://sustainabilitymatters.net.au/content/energy/article/advanced-pump-system-upgrade-cuts-alburycity-council-costs-82106565

from WordPress https://davidkent.home.blog/2021/03/31/advanced-pump-system-upgrade-cuts-alburycity-council-costs-2/

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