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Global off-Grid Remote Sensing Power System Market to Grow at a CAGR of 10.16% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Off-grid Remote Sensing Power System Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 09/07/2016 -- Report forecast the global off-grid remote sensing power system market to grow at a CAGR of 10.16% during the period 2016-2020.

The rise in energy demand is one of the primary causes for the growing dependence on off-grid power systems. The present amount of power generated by on-grid power systems is not sufficient to meet the global demand. Remote sensing technologies, such as supervisory control and data acquisition (SCADA), light detection and ranging (LiDAR), and remote monitoring systems that use telemetry are powered by off-grid power devices like fuel cells, batteries, and alternative energy.

The report covers the present scenario and the growth prospects of the global off-grid remote sensing power system market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for off-grid remote sensing power systems from different end-users in each region and corresponding key countries.

The market is divided into the following segments based on geography:
- Americas

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.

Global Off-Grid Remote Sensing Power System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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.

Market driver
- Need for improved infrastructure in oil and gas industry
- For a full, detailed list, view our report

Market challenge
- Deferred investments and projects
- For a full, detailed list, view our report

Market trend
- Developments in remote sensing industry
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 55 pages and 28 Exhibit "Global Off-grid Remote Sensing Power System Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-users, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Key vendor analysis, Appendix.

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