London, 13 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Off-grid Remote Sensing Power System Market 2014-2018, which is expected to grow at a rapid rate, registering a CAGR of 11.0 percent during 2013-2018.
Growing energy demand is one of the primary causes for the increased reliance on off-grid power systems as the energy generated by on-grid power systems is not sufficient to fuel the market demand for power. Remote sensing systems, including applications such as LIDAR, SCADA, and various remote monitoring systems that use telemetry, are increasingly using off-grid power devices such as fuel cells, batteries, and alternative energy to power their systems.
Key Market Drivers
- Increase in Environmental Concerns
- Demand from Oil and Gas Industry
- Growing LIDAR Market in Wind Industry
Key Market Trends
- Developments in Remote Sensing Industry
- Increasing Demand for Remote Sensing Devices from the EMEA Region
- Increased Investment in R&D
Key Vendors
- Acumentrics Corp.
- Ensol Systems Inc.
- Evergreen Energy Technologies Inc.
- SFC Energy AG
“Growing environmental concerns and rapid advances in technology in the Remote Sensing industry are expected to drive the overall market for off-grid remote sensing devices during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
