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:
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.
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