The report,now available on ASDReports, recognizes the following companies as the key players in the global off-grid remote sensing power system market: Acumentrics, Ensol Systems, HES, SFC Energy, and Tycon Systems.
Other Prominent Vendors in the market are: Victron Energy, Evergreen Energy Technologies, Timber Line Electric and Control, and UPS Systems.
Commenting on the report, an analyst said: “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 CO? 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.”
According to the report, rise in natural calamities will be a key driver for market growth. The 2004 Indian Ocean tsunami was one of the deadliest natural disasters. Samoa and Chile were hit by destructive tsunami waves in 2009 and 2010, respectively. In 2011, the east coast of Japan was devastated by the Tohoku earthquake and subsequent tsunami. The impact of these natural disasters in Tohoku caused a nuclear catastrophe in Japan. These disasters highlight the need for improved methodologies such as remote sensing for risk assessment, management, and mitigation. Though earthquakes cannot be predicted, a network of remote sensing devices can facilitate emergency response by providing early warnings about the location and tremor intensity to tsunami-prone regions.
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Sep 5, 2016