Growing energy
demand is one of the primary causes of increased reliance on off-grid power, as
grid-connected power is found to be insufficient to meet the market demand.
Remote sensing systems, such as light detection and ranging (LIDAR) systems,
supervisory control and data acquisition (SCADA) systems, and various
remote-monitoring systems using telemetry, are increasingly using off-grid
power. The end-users of this market include the Oil and Gas industry, Wind
industry, weather stations, and monitoring sites. Off-grid power helps in
providing long-term and stable power supply for remote-sensing devices.
Increased demand for off-grid power means that vendors are looking for
alternative fuel sources such as fuel cells and advanced batteries.
Analysts forecast
the Global Off-grid
Remote Sensing Power System market to grow at a CAGR of 11.0 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in the Global Off-grid
Remote Sensing Power System Market: Acumentrics Corp., Ensol Systems Inc.,
Evergreen Energy Technologies Inc. and SFC Energy AG.
Other Prominent
Vendors in the market are: Timber Line Electric and Control, Tycon Power
Systems and UPS Systems.
One of the emerging
trends in the market is the development of the remote sensing industry which is
driven by the need to collect accurate data and information for proper
operational management in any particular industry. The development of the
Remote Sensing industry will directly influence the market for powering devices
such as fuel cells and advanced batteries.
Covered in this Report
The Global Off-grid
Remote Sensing Power System market can be divided into three end-user segments:
Oil and Gas Industry, Weather Stations and Monitoring Sites, and Wind Industry.
Global Off-grid
Remote Sensing Power System Market 2014-2018, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers
the Americas, and the EMEA and APAC regions; it also covers the Global Off-grid
Remote Sensing Power System market landscape and its growth prospects in the
coming years. The report also includes a discussion of the key vendors
operating in this market.
According to the
report, one of the major drivers in the market is the increase in environmental
concerns. The need to reduce the emissions and oil spill from various
end-users, especially in the Oil and Gas industry, has led to an increase in
the adoption of remote sensing technology for continuous monitoring. Continuous
monitoring has significantly reduced the environmental impact and increased the
market for power systems.
Further, the report
states that the need to meet the varying requirements of customers is one of
the major challenges confronting the market. Demand varies in terms of the size
and capacity of the powering devices used in remote sensing systems. Therefore,
vendors need to customize the powering systems according to the needs of the
end-user, which affects the profit margin of the vendors.
