Advancements in Renewable Energy Sector to Drive Demand within Global Off-grid Power Systems for Remote Sensing Market
The global off grid power systems for remote sensing market is growing alongside advancements in the renewable energy sector. The presence of offshore wind and solar farms has played an integral role in the growth of the global market. There is a recurring need for developing plush renewable energy bases across the world. The viability of renewable energy sources such as wind and solar power plants has given a thrust to market growth. The complex nature of such plants necessitates the presence of remote sensing technologies.
The use of off-grid power systems can help in maintaining the integrity of renewable energy power plants. The need for charging fuel cells, and developing a permanent power base across wind farms, has accentuated the need for remote sensing technologies. It is expected that the global off-grid power systems for remote sensing market would tread along a lucrative path in the years to follow. Fuel cells and other forms of battery backup technologies are slated to become the sought-after devices for the renewable energy sector in the years to follow.
The wind energy sector has attracted substantial investments from national and international entities. The viability of offshore power grids has led several governments to capitalise on their renewable energy sector. Regions with multiple ports have especially shown a sense of accountability in developing a robust sector for renewable energy generation. This factor has also created fresh opportunities for growth within the global off grid power systems for remote sensing market.
A study by Transparency Market Research (TMR) projects the global off grid power systems for remote sensing market to rise at a CAGR of 7.35% during 2016–2024. This market is expected to reach worth of US$2,105.95 mn by 2024-end; it stood at US$1,193.85 mn in 2016.
Improvements in Oil and Gas Exploration Activities
The oil and gas industry has managed its oil and gas exploration operations with a complex network of sensing technologies. Advancements in the oil and gas industry have played an integral role in the growth of the global off-grid power systems for remote sensors market. Moreover, increasing use of light detection and ranging systems and supervisory control and data acquisition (SCADA) systems has also generated fresh opportunities for growth across the global off-grid power systems for remote sensors market. Use of monitoring devices is an inherent part of the renewable energy sector. Furthermore, the oil and gas industry also deploys monitoring and control technologies to get a pinpoint view of its operations.
The need for developing wind farms across new areas has also created increased demand within the global off-grid power systems for remote sensing market. Furthermore, the renewable energy industry is attracting fresh investments from multiple vendors.
Scandinavia to Emerge as the Focal Region for Improvement in Renewable Energy Sector
Several of Scandinavian countries including Finland and Denmark have made serious efforts to improve their renewable energy sector. These countries have received global lauding due to their steadfastness in maintaining high standards across the green energy domain. This factor has given a thrust to the growth of the global off grid power systems for remote sensing market in recent times. Furthermore, the presence of robust systems for renewable energy generation have given a mark of supremacy to these regions in terms of liveability.
The review is based on TMR’s report titled, “Off-grid Power Systems for Remote Sensing Market (Technology - Battery Backup and Fuel Cells; End User - Oil & Gas and Wind) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 – 2024.”
The global off-grid power systems for remote sensing market is segmented as:
- Battery Backup
- Fuel Cells
- Oil & gas
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- South & Central America
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC