Transparency Market Research has released a new
market report titled “Off-grid Power Systems for Remote Sensing
Market - Global Industry Analysis, Size, Share, Growth Trends, and
Forecast 2016 - 2024.” According to this report, the global
off-grid power systems for remote sensing market was valued at US$
1,193.85 Mn in 2016 and is projected to reach US$ 2,105.95 Mn by 2024
at a CAGR of 7.35% from 2016 to 2024.
The global off-grid power systems for remote sensing
market is driven by the need for power surge protection through fuel
cells and backup batteries coupled with the growing
applications/adoption of LIDAR in the wind energy sector. Increasing
investments in offshore wind energy plants will also create a demand
for off-grid power systems for remote sensing.
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Major players of the industry focus on research and
technology to develop a remote sensing product with highest accuracy.
The end-user industries are dependent on the data provided by the
remote sensing systems for proper operations. Hence, accuracy of
remote sensing systems will play an important role in the growth of
the off-grid power systems for remote sensing market.
Use of off-grid technologies reduces the reliability
on grid power, enabling smooth operations in remote sensing
activities. Battery backup uses batteries with lead acid, lithium
ion, and nickel cadmium, among others as a material to ensure longer
battery life for smooth performance. Solar PV technology also uses
battery backup due to its intermittent power supply problem. Fuel
cells is a new and emerging technology and the market for fuel cells
is anticipated to expand at a high rate in the next few years. In
terms of technology, battery backup is anticipated to be the largest
segment of the global off-grid power systems for remote sensing
market during the forecast period. The battery backup segment is
driven by the use of advanced technologies and the influx of
investments in battery manufacturing.
High investments in battery manufacturing are
resulting in advancements such as increased energy for longer
runtimes and improved power for high current load requirements which
are particularly required in remote sensing applications. Significant
efforts are being undertaken to develop the battery technology for
remote sensing applications. For instance, the ratio capacity to size
is increasing. This enables a higher number of power consuming
activities such as longer flights and heavier payloads. In terms of
new development, major companies are developing remote power systems
for outdoor backup power solutions which provide uninterrupted power
supply for monitoring activities in oil & gas and wind energy
sector.
Fuel cells are also used as one of the off-grid power
supply options for remote sensing in oil & gas and wind energy
sectors. Fuel cell technologies are being developed in order to
support climate change and meet energy security goals in several
industries, such as transportation, industry, buildings, and power.
Fuel cell companies are seeking government help to accelerate the
development and deployment of fuel cell technologies by ensuring
continued research, development, and demonstration (RD&D) funding
for hydrogen generation and conversion technologies, such as
electrolyzers and fuel cells.
Other technologies considered in off-grid power
systems for remote sensing market include solar PV and hybrid
technology. Solar PV can be used as a source of power for UAVs
(Unmanned Aerial Vehicles) in remote sensing, usually for large-sized
platforms with long flying missions. Solar cells combined with Li Po
(Lithium Ion Polymer) and Li S (Lithium Ion Sulfide) batteries
constitute a day/night power solution for several days of flight
which is a hybrid technology of solar cells and battery backup.
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The oil & gas end-user segment dominated the
off-grid power systems for remote sensing market in 2014. Growth of
the LIDAR market and demand for alternate energy have fueled the
demand for off-grid power systems for remote sensing market. The wind
energy sector uses SODAR (SOnic Detection and Ranging) and LiDAR
(Light Detection and Ranging) technologies to support wind resource
assessments. These remote sensing devices are quite easy to use and
move from site to site. Remote sensing is used in various other
industries such as water resource management, military, weather
stations, agriculture, and bioenergy. Remote sensing devices coupled
with off-grid technologies are used to acquire accurate data with the
help of images taken from space using satellites or using aircrafts.
Wind energy is becoming a prevalent source of
renewable energy based power generation for electricity in windy
areas. Wind resource assessment is an essential and necessary step
for appropriate wind turbine selection. A typical wind energy
development project has three important aspects of measurement:
quantification of available wind resource, study of geographical and
geological conditions of the project site, and wind turbine power
curve. The wind energy assessment process could include usage of
remote sensing data to assess any of the components such as precision
of extrapolations from tower data, shear coefficients to be used with
tower data, hub-height wind speeds and directions, and wind resource
variability across the site. Remote sensing equipment such as SODAR
and LIDAR are used to support wind resource assessments. These
provide wind turbine hub-heights, wind speeds and direction, vertical
wind speeds, and wind shear and veer above the heights of typical
meteorological (met) tower measurements.
Other end-user industries where remote sensing is
used through off-grid power systems include water resource
management, forestry, agriculture, military, and weather stations.
Different data sources such as field survey, aerial photography, and
satellite imagery are used to gather various information requirements
in forest management, depending upon the level of details required
and extension of the area under study.
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Key players in the global off-grid power systems for
remote sensing market include Acumentrics Holding Corporation, Tycon
Systems Inc., UPS Systems Plc., Timber Line Electric and Control
Corporation, SFC Energy AG, Victron Energy B.V., HES Energy Systems
Pte. Ltd., Ensol Systems Inc., Evergreen Energy Technologies Inc.,
and Energy Solutions (UK) Ltd. The report provides an overview of
these companies, followed by their financial revenues (on
availability), business strategies, SWOT analysis, and recent
developments.
The off-grid power systems for remote sensing
market has been segmented as:
Off-grid Power Systems for Remote Sensing Market:
By Technology Type
- Battery Backup
- Fuel Cells
- Others
Off-grid Power Systems for Remote Sensing Market:
By End-users
- Oil & gas
- Wind
- Others
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