Global Off-grid Remote Sensing Power System Market 2016-2020
About Off-Grid Power Systems
The rise in energy demand is one of the primary causes for the growing dependence on off-grid power systems. The present amount of power generated by on-grid power systems is not sufficient to meet the global demand. Remote sensing technologies, such as supervisory control and data acquisition (SCADA), light detection and ranging (LiDAR), and remote monitoring systems that use telemetry are powered by off-grid power devices like fuel cells, batteries, and alternative energy.
Technavio’s analysts forecast the global off-grid remote sensing power system market to grow at a CAGR of 10.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global off-grid remote sensing power system market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for off-grid remote sensing power systems from different end-users in each region and corresponding key countries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Off-Grid Remote Sensing Power System Market 2016-2020
Technavio recognizes the following companies as the key players in the global off-grid remote sensing power system market: Acumentrics, Ensol Systems, HES, SFC Energy, and Tycon Systems.
Other Prominent Vendors in the market are: Victron Energy, Evergreen Energy Technologies, Timber Line Electric and Control, and UPS Systems.
Commenting on the report, an analyst from Technavio’s team said: “Developments in remote sensing industry will be a key trend for market growth. The offshore wind capacity is expected to grow as it is seen as an alternative source of power to reduce the CO₂ emission. Most of the remote sensing technologies such as LiDAR and sonic detection and ranging are being adopted in the wind industry due to the growing turbine size as taller METs are losing their advantage of being low-cost and reliable. Since LiDAR and sonic detection and ranging require constant power, these devices are being powered by solar PV, small wind turbines, and fuel cells.”
According to the report, rise in natural calamities will be a key driver for market growth. The 2004 Indian Ocean tsunami was one of the deadliest natural disasters. Samoa and Chile were hit by destructive tsunami waves in 2009 and 2010, respectively. In 2011, the east coast of Japan was devastated by the Tohoku earthquake and subsequent tsunami. The impact of these natural disasters in Tohoku caused a nuclear catastrophe in Japan. These disasters highlight the need for improved methodologies such as remote sensing for risk assessment, management, and mitigation. Though earthquakes cannot be predicted, a network of remote sensing devices can facilitate emergency response by providing early warnings about the location and tremor intensity to tsunami-prone regions.
Further, the report states that need for customization will be a challenge for the market. One of the key deciding factors for vendors of off-grid remote sensing power systems will be ensuring that the customization needs of the customers are met. Customers will have specific demands regarding the size and capacity of off-grid remote sensing power systems. These requirements will also vary based on industries; operating conditions, such as standard to hard and harsh conditions; and diverse project locations. Therefore, each project will require a different configuration of off-grid systems. Hence, there is a need to keep the price of the components of these systems reasonable to provide flexibility for vendors and customers.
Acumentrics, Ensol Systems, HES, SFC Energy, Tycon Systems, Victron Energy, Evergreen Energy Technologies, Timber Line Electric and Control, and UPS Systems.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook