Global Remote Renewable Management Systems Market 2017-2021
About Remote Renewable Management Systems
The remote renewable management system optimizes and centralizes operations of clean energy manufacturers by providing an extensive range of solutions, such as real-time monitoring, weather and production forecasting, high scalability to manage multiple sources of energy, such as hundreds of wind turbines, along with integration with the other systems. The global remote renewable management systems market is primarily dependent on the number of renewable energy projects that are in operation.
Technavio’s analysts forecast the global remote renewable management systems market to grow at a CAGR of 7.69% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global remote renewable management systems market for 2017-2021. 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 Renewable Management Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global remote renewable management systems market: Cummins, Northern Power Systems, OutBack Power, and SMA Solar Technology.
Other Prominent Vendors in the market are: 6th Energy, ABB, Dexdyne, GE, ETAP, DNV GL, CGI Group, ISOTROL, GREENBYTE, Advantech, Ameresco, CivicSolar, Photon Energy, Nova Energy, and Enfo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of centralized remote control. An increasing number of vendors in the market are offering centralized software solutions that monitor and control the entire renewable plant and enhance the user interface and convenience. The equipment is connected to the remote communication terminal (RCT) which transmits the information through a Modbus or an Ethernet.”
According to the report, one driver in the market is benefits of remote renewable management systems. Remote renewable management systems are basically platforms that monitor and control the entire portfolio of renewables in real time. They also simultaneously manage the project's operational performance. As the efficiency of the renewable power plants is increased, losses are reduced leading to increased revenues. The remote renewable management system, on the basis of evaluation losses, prioritizes the intervention of the system. Due to remote management, there is a faster response to failures, which results in the higher availability of the power plant along with decreased downtime.
Further, the report states that one challenge in the market is high operational costs. High initial costs of production and the implementation of renewable energy generation systems are affecting the market growth. This is because the installation, operation, and maintenance of renewable energy plants and assets are cost intensive. Also, the production of energy from various renewable source systems, such as solar panels and wind turbines, is expensive as it involves the use of advanced innovative technologies.
Cummins, Northern Power Systems, OutBack Power, SMA Solar Technology, 6th Energy, ABB, Dexdyne, GE, ETAP, DNV GL, CGI Group, ISOTROL, GREENBYTE, Advantech, Ameresco, CivicSolar, Photon Energy, Nova Energy, and Enfo.
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