The global off-grid remote sensing power system market to grow at a CAGR of 10.16% during the period 2016-2020.
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.
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.
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.
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.
- Ensol Systems
- SFC Energy
- Tycon Systems
Other prominent vendors
- Victron Energy
- Evergreen Energy Technologies
- Timber Line Electric and Control
- UPS Systems
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-users
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/wg78sk/global_offgrid
Related Topics: Electricity
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SOURCE Research and Markets