Off-grid Power Systems for Remote Sensing Market - Overall Industry Analysis
Progressive Markets added a report, “Global Off-grid Power Systems for Remote Sensing Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025,” which says that the market is likely to grow at a CAGR of 6.9% from 2017 to 2025.
Off-the-grid power systems are designed to provide electricity to a smaller community. These standalone power systems help to function without the need for electrical grids. They are used in isolated areas, where electrical grid infrastructure is not available. Off-the-grid power systems find application in numerous remote sensing systems such as light detection & ranging (LIDAR) systems, sonic detection & ranging (SODAR), and supervisory control & data acquisition (SCADA) systems in oil & gas, wind, weather monitoring stations, transportation, and other industries. The different technologies used in these power systems include battery backup, fuel cell, and solar power. Among all, the battery backup is expected to be the largest segment of the global off-grid power systems for remote sensing market. The fuel cell and solar powered off-grid power systems are becoming popular due to their eco-friendliness and supportive government policies.
Market Drivers and Restraints
The report offers an analysis of the drivers and restraints impacting the growth of the global off-grid power systems for remote sensing market. The market is growing at a considerable rate due to several factors. There has been a significant increase in the number of investments for offshore wind energy plants, leading to the market growth. In addition, the growing demand for improved infrastructure in the oil and gas industry is providing an impetus for the growth of the market. On the other hand, delayed investment in projects causes the market to slow down.
Off-grid Power Systems for Remote Sensing Market Key Segmentation:
The report presents a thorough analysis of the off-grid power systems for remote sensing market based on its segmentation. The market is segmented by technology, application, end-use industry, and geography. Based on technology, the market is divided into battery backup, fuel cell, solar power, and others. By application, the industry is divided into Light Detection & Ranging (LIDAR) Systems, Sonic Detection & Ranging (SODAR) Systems, Supervisory Control & Data Acquisition (SCADA) Systems, and others. Based on end-use industry, the market is divided into oil & gas, wind energy, weather monitoring stations, and others. The geographical analysis of the off-grid power systems for remote sensing industry has been covered for North America, Europe, Asia-Pacific, and LAMEA. In North America, the market study covers the U.S., Mexico, and Canada. In Europe, the study covers the regions such as UK, Germany, France, Spain, Italy, and the rest of Europe. In Asia-Pacific, the market analysis is covered for China, Japan, India, Australia, South Korea, and the other parts of Asia-Pacific. The market study in the LAMEA region covers Brazil, Saudi Arabia, South Africa, and the rest of LAMEA.
- Battery Backup
- Fuel Cell
- Solar Power
- Light Detection & Ranging (LIDAR) Systems
- Sonic Detection & Ranging (SODAR) Systems
- Supervisory Control & Data Acquisition (SCADA) Systems
By End-use Industry
- Oil & Gas
- Wind Energy
- Weather Monitoring Stations
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
The report includes a mention of the major players operating in the global off-grid power systems for remote sensing market. They include Energy Solutions (UK) Ltd., Victron Energy B.V., Ensol Systems Inc., Acumentrics Holding Corporation, Hess Corporation (HES), SFC Energy AG, Tycon Systems Inc., UPS Systems Plc., Timber Line Electric and Control Corporation, and Evergreen Energy Technologies Inc.
Key Benefits of the Report
The report provides an overview of the global off-grid power systems for remote sensing market, which encompasses the off-grid power systems for remote sensing market size, market share analysis, market attractiveness and trends analysis, market forecast, market segmentation, market drivers and restraints, Porter’s Five Forces Analysis (PFFA), and the leading industry players. The data in the report is a result of an extensive primary and secondary research. The off-grid power systems for remote sensing market size helps identify the potential buyers and sellers in the market. The market share analysis (2014-2025) tells about how the market is performing. The Porter’s Five Forces Analysis help market players and investors determine the competitiveness and the profitability of the industry. The drivers and restraints of the market help focus on the specific areas of growth. Information about the present and future industry trends help businesses stay ahead in the market. The market segmentation helps reach consumers with specific needs, thereby bringing profitability and opportunities for growth. Information about the leading market players is provided in the off-grid power systems for remote sensing industry report. This includes their marketing strategies, recent developments, financial and business segments, and more.