London, 05 Oct 2015 – Technavio, a tech-focused research firm, has published a new report on the global remote renewable management system market, which is expected to grow at a CAGR of close to 9% from 2015-2019.
According to the new report by Technavio, remote renewable management systems improves economic performance and asset management in renewable power generation. As renewable generation plants are located in remote locations, asset management and monitoring becomes cumbersome.
“Remote renewable management systems analyze key performance indicators, equipment health, maintenance schedules, and application of field data, which reduces turnaround time by streamlining the workflow and improves profit margins by increasing system uptime,” says Faisal Ghaus, Vice President of Technavio.
The new report by Technavio also discusses the vendors that are offering centralized software, which monitor and control the whole renewable plant and enhances user-convenience. The equipment is connected to the remote communication terminal (RCT) that transmits information through a Modbus or Ethernet.
“Vendors are also developing wireless hubs that can transmit and receive signals from the remote control to other systems or devices. Such advances in technology will stimulate the growth of the remote renewable management system market during the forecast period,” adds Ghaus.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
