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.