Global Remote Power Generator Monitoring Market 2018-2022

Global Remote Power Generator Monitoring Market 2018-2022

About Remote Power Generator Monitoring

Remote power generator monitoring refers to the remote monitoring of generator and engine operations to detect failures, which will improve the efficiency of generators and ensure quick response to service problems.

Technavio’s analysts forecast the global remote power generator monitoring market will post a revenue of more than USD 630 million by 2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global remote power generator monitoring market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Remote Power Generator Monitoring Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• ABB
• Cummins
• Eaton
• General Electric
• Honeywell
• Siemens

Market driver

• Increasing adoption of Wi-Com
• For a full, detailed list, view our report

Market challenge

• Growing number of activities associated with renewable power
• For a full, detailed list, view our report

Market trend

• Growing trend of predictive maintenance
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Press Release

Technavio Announces the Publication of its Research Report – Global Remote Power Generator Monitoring Market 2018-2022

Technavio recognizes the following companies as the key players in the global remote power generator monitoring market: ABB, Cummins, Eaton, General Electric, Honeywell, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing trend of predictive maintenance. The adoption of predictive maintenance is increasing significantly in developed countries such as the US Germany, Japan, Canada, Switzerland, and the UK. The change from preventive and condition-based maintenance to predictive maintenance is growing across the world, especially for remote power generator monitoring systems.”

According to the report, one driver in the market is increasing adoption of Wi-Com. The increasing adoption of Wi-Com technologies by most end-user industries is driving the growth of the global remote power generator monitoring market. Wi-Com technology, which was restricted to consumer appliances such as cell phones, is now being used in industries for various applications such as remote power generator monitoring.

Further, the report states that one challenge in the market is growing number of activities associated with renewable power. The emission of greenhouse gases (GHGs) affects the environment. One of the major sources for these emissions is the extensive use of fossil fuels to generate power. Hence, several developed and developing countries such as China, India, Germany, and the US are coming up with new environmentally-conscious initiatives that promote the use of renewable power sources.

Companies Mentioned

ABB
Cummins
Eaton
General Electric
Honeywell
Siemens