Off-Grid Remote Sensing Power System Market Research Report—Global Forecast till 2030

Off-Grid Remote Sensing Power System Market Research Report: Information by Technology Type (Battery Backup and Fuel Cells), End Use (Oil & Gas, Wind, and Weather Monitoring Systems), and Region (North America, South America, Europe, Asia- Pacific, and Middle East & Africa)—Forecast till 2030

ID: MRFR/E&P/8557-HCR | August 2021 | Region: Global | 111 Pages         

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List of Assumptions

4 Market Landscape

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat of New Entrants

5.5.2 Bargaining Power of Buyers

5.5.3 Bargaining Power of Suppliers

5.5.4 Threat of Substitutes

5.5.5 Intensity of Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Off-Grid Remote Sensing Power System Market, byTechnology Type

6.1 Introduction

6.2 Battery Backup

6.2.1 Market Estimates & Forecast, 2020–2026

6.2.2 Market Estimates & Forecast, by Region, 2020–2026

6.3 Fuel Cells

6.3.1 Market Estimates & Forecast, 2020–2026

6.3.2 Market Estimates & Forecast, by Region, 2020–2026

6.3.3 Market Estimates & Forecast, 2020–2026

7 Global Off-Grid Remote Sensing Power System Market, byEnd Use

7.1 Introduction

7.2 Oil & Gas

7.2.1 Market Estimates & Forecast, 2020–2026

7.2.2 Market Estimates & Forecast, by Region, 2020–2026

7.3 Wind

7.3.1 Market Estimates & Forecast, 2020–2026

7.3.2 Market Estimates & Forecast, by Region, 2020–2026

7.4 Weather Monitoring Stations

7.4.1 Market Estimates & Forecast, 2020–2026

7.4.2 Market Estimates & Forecast, by Region, 2020–2026

8 Global Off-Grid Remote Sensing Power System Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.2.2 Market Estimates & Forecast, byEnd Use, 2020–2026

8.2.3 Market Estimates & Forecast, by Country, 2020–2026

8.2.4 US

8.2.4.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.2.4.2 Market Estimates & Forecast, by End Use, 2020–2026

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.2.5.2 Market Estimates & Forecast, by End Use, 2020–2026

8.2.6 Mexico

8.2.6.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.2.6.2 Market Estimates & Forecast, by End Use, 2020–2026

8.3 Europe

8.3.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.3.2 Market Estimates & Forecast, byEnd Use, 2020–2026

8.3.3 Market Estimates & Forecast, by Country, 2020–2026

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.3.4.2 Market Estimates & Forecast, by End Use, 2020–2026

8.3.5 Russia

8.3.5.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.3.5.2 Market Estimates & Forecast, by End Use, 2020–2026

8.3.6 UK

8.3.6.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.3.6.2 Market Estimates & Forecast, by End Use, 2020–2026

8.3.7 France

8.3.7.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.3.7.2 Market Estimates & Forecast, by End Use, 2020–2026

8.3.8 Rest of Europe

8.3.8.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.3.8.2 Market Estimates & Forecast, by End Use, 2020–2026

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.4.2 Market Estimates & Forecast, byEnd Use, 2020–2026

8.4.3 Market Estimates & Forecast, by Country, 2020–2026

8.4.4 China

8.4.4.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.4.4.2 Market Estimates & Forecast, by End Use, 2020–2026

8.4.5 India

8.4.5.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.4.5.2 Market Estimates & Forecast, by End Use, 2020–2026

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.4.6.2 Market Estimates & Forecast, by End Use, 2020–2026

8.4.7 Australia

8.4.7.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.4.7.2 Market Estimates & Forecast, by End Use, 2020–2026

8.4.8 Malaysia

8.4.8.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.4.8.2 Market Estimates & Forecast, by End Use, 2020–2026

8.4.9 Rest of Asia-Pacific

8.4.9.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.4.9.2 Market Estimates & Forecast, by End Use, 2020–2026

8.5 Middle East& Africa

8.5.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.5.2 Market Estimates & Forecast, byEnd Use, 2020–2026

8.5.3 Market Estimates & Forecast, by Country, 2020–2026

8.5.4 Saudi Arabia

8.5.4.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.5.4.2 Market Estimates & Forecast, by End Use, 2020–2026

8.5.5 UAE

8.5.5.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.5.5.2 Market Estimates & Forecast, by End Use, 2020–2026

8.5.6 South Africa

8.5.6.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.5.6.2 Market Estimates & Forecast, by End Use, 2020–2026

8.5.1 Rest of Middle East & Africa

8.5.1.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.5.1.2 Market Estimates & Forecast, by End Use, 2020–2026

8.6 South America

8.6.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.6.2 Market Estimates & Forecast, byEnd Use, 2020–2026

8.6.3 Market Estimates & Forecast, by Country, 2020–2026

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.6.4.2 Market Estimates & Forecast, by End Use, 2020–2026

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.6.5.2 Market Estimates & Forecast, by End Use, 2020–2026

8.6.6 Rest of South America

8.6.6.1 Market Estimates & Forecast, byTechnology Type, 2020–2026

8.6.6.2 Market Estimates & Forecast, by End Use, 2020–2026

9 Competitive Landscape

9.1 Competitive Benchmarking of the Global Off-Grid Remote Sensing Power System Market

9.2 Market Share Analysis: Global Off-Grid Remote Sensing Power System Market

9.3 Product Developmentsin the Off-Grid Remote Sensing Power System Market

9.4 Mergers & Acquisitions in the Off-Grid Remote Sensing Power System Market

9.5 Partnerships/Collaborations/Joint Ventures in the Off-Grid Remote Sensing Power System Market

9.6 Contracts & Agreements in the Off-Grid Remote Sensing Power System Market

9.7 Expansions &Investments in the Off-Grid Remote Sensing Power System Market

10 Company Profile

10.1 Acumentrics

10.1.1 Company Overview

10.1.2 Products/ServicesOffered

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Key Strategies

10.1.6 SWOT Analysis

10.2 Energy Solutions (UK) Ltd

10.2.1 Company Overview

10.2.2 Products/ServicesOffered

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Key Strategies

10.2.6 SWOT Analysis

10.3 Ensol System

10.3.1 Company Overview

10.3.2 Products/ServicesOffered

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Key Strategies

10.3.6 SWOT Analysis

10.4 HES Infra Pvt Ltd

10.4.1 Company Overview

10.4.2 Products/ServicesOffered

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Key Strategies

10.4.6 SWOT Analysis

10.5 SFC Energy AG

10.5.1 Company Overview

10.5.2 Products/ServicesOffered

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Key Strategies

10.5.6 SWOT Analysis

10.6 Solar Energy Company

10.6.1 Company Overview

10.6.2 Products/ServicesOffered

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Key Strategies

10.6.6 SWOT Analysis

10.7 Timber Line Electric and Control Corp.

10.7.1 Company Overview

10.7.2 Products/ServicesOffered

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Key Strategies

10.7.6 SWOT Analysis

10.8 Tycon Systems Inc.

10.8.1 Company Overview

10.8.2 Products/ServicesOffered

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Key Strategies

10.8.6 SWOT Analysis

10.9 UPS Systems Plc.

10.9.1 Company Overview

10.9.2 Products/ServicesOffered

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Key Strategies

10.9.6 SWOT Analysis

10.10 Victron Energy B.V.

10.10.1 Company Overview

10.10.2 Products/Services Offered

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Key Strategies

10.10.6 SWOT Analysis

 

List of Tables

Table 1 Global Off-Grid Remote Sensing Power System Market, by Region, 2020–2027 (USD Million)

Table 2 North America Off-Grid Remote Sensing Power System Market, by Country, 2020–2027

Table 3 Europe Off-Grid Remote Sensing Power System Market, by Country, 2020–2027 (USD Million)

Table 4 Asia-Pacific Off-Grid Remote Sensing Power System Market, by Country, 2020–2027 (USD Million)

Table 5 Middle East & Africa Off-Grid Remote Sensing Power System Market, by Country, 2020–2027

Table 6 South America Off-Grid Remote Sensing Power System Market, by Country, 2020–2027 (USD Million)

Table 7 Global Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 8 North America Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 9 Europe Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 10 Asia-Pacific Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 11 Middle East & Africa Off-Grid Remote Sensing Power System Market, by Technology Type,

Table 12 South America Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 13 Asia-Pacific Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 14 Middle East & Africa Off-Grid Remote Sensing Power System Market, by End Use,

Table 15 South America Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 16 Global Off-Grid Remote Sensing Power System Market: by Region, 2020–2027 (USD Million)

Table 17 North America Off-Grid Remote Sensing Power System Market, by Country, 2020–2027

Table 18 North America Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 19 North America Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 20 US Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 21 US Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 22 Canada Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 23 Canada Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 24 Mexico Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 25 Mexico Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 26 Europe Off-Grid Remote Sensing Power System Market, by Country, 2020–2027 (USD Million)

Table 27 Europe Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 28 Europe Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 29 UK Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 30 UK Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 31 France Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 32 France Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 33 Germany Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 34 Germany Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 35 Russia Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 36 Russia Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 37 Rest of Europe Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 38 Rest of Europe Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 39 Asia-Pacific Off-Grid Remote Sensing Power System Market, by Country, 2020–2027

Table 40 Asia-Pacific Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 41 Asia-Pacific Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 42 China Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 43 China Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 44 India Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 45 India Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 46 Japan Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 47 Japan Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 48 Australia Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 49 Australia Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 50 Malaysia Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 51 Malaysia Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 52 Rest of Asia-Pacific Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 53 Rest of Asia-Pacific Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 54 Middle East & Africa Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 55 Middle East & Africa Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 56 Middle East & Africa Off-Grid Remote Sensing Power System Market, by Region, 2020–2027

Table 57 Saudi Arabia Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 58 Saudi Arabia Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 59 UAE Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 60 UAE Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 61 South Africa Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 62 South Africa Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 63 Rest of Middle East & Africa Off-Grid Remote Sensing Power System Market, by Technology Type,

Table 64 Rest of Middle East & Africa Off-Grid Remote Sensing Power System Market, by End Use,

Table 65 South America Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 66 South America Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

Table 67 South America Off-Grid Remote Sensing Power System Market, by Country, 2020–2027

Table 68 Brazil Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 69 Brazil Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 70 Argentina Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027 (USD Million)

Table 71 Argentina Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027 (USD Million)

Table 72 Rest of South America Off-Grid Remote Sensing Power System Market, by Technology Type, 2020–2027

Table 73 Rest of South America Off-Grid Remote Sensing Power System Market, by End Use, 2020–2027

List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approaches

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Off-Grid Remote Sensing Power System Market Share, byTechnology Type, 2019 (%)

Figure 9 Global Off-Grid Remote Sensing Power System Market, byTechnology Type, 2020–2027 (USD Million)

Figure 10 Global Off-Grid Remote Sensing Power System Market Share, byEnd Use, 2019 (%)

Figure 11 Global Off-Grid Remote Sensing Power System Market, byEnd Use, 2020–2027 (USD Million)

Figure 12 Global Off-Grid Remote Sensing Power System Market Share (%), byRegion, 2019

Figure 13 Global Off-Grid Remote Sensing Power System Market, by Region, 2020–2027 (USD Million)

Figure 14 North America Off-Grid Remote Sensing Power System Market Share (%), 2019

Figure 15 North America Off-Grid Remote Sensing Power System Market, by Country, 2020–2027 (USD Million)

Figure 16 Europe Off-Grid Remote Sensing Power System Market Share (%), 2019

Figure 17 Europe Off-Grid Remote Sensing Power System Market, by Country, 2020–2027 (USD Million)

Figure 18 Asia-PacificOff-Grid Remote Sensing Power System Market Share (%), 2019

Figure 19 Asia-PacificOff-Grid Remote Sensing Power System Market, by Country, 2020–2027 (USD Million)

Figure 20 Middle East & Africa Off-Grid Remote Sensing Power System Market Share (%), 2019

Figure 21 Middle East & Africa Off-Grid Remote Sensing Power System Market, by Region, 2020–2027 (USD Million)

Figure 22 South America Off-Grid Remote Sensing Power System Market Share (%), 2019

Figure 23 South America Off-Grid Remote Sensing Power System Market, by Region, 2020–2027 (USD Million)

Off-Grid Remote Sensing Power System Market

Off-Grid Remote Sensing Power System Market is projected to reach a valuation of USD 2,101.9 million by 2027 at ~7% CAGR between 2021 and 2027.

$2,101.9 Million

Market Size


7%

CAGR


North America

Dominating Region

2021-2027

Forecast Period

Segmentation

By Technology Type Battery Backup Fuel Cells
By End-Use Oil & Gas Wind Weather Monitoring Systems

Key Players

  • Acumentrics (US)
  • Energy Solutions (UK) Ltd (UK)
  • Ensol System (Canada)
  • HES Infra Pvt Ltd (India)
  • SFC Energy AG (Germany)
  • Solar Energy Company (India)
  • Timber Line Electric and Control Corp. (US)
  • Tycon Systems Inc. (US)
  • UPS Systems Plc. (UK)
  • Victron Energy B.V. (Netherlands)

Drivers

  • Increasing share of wind energy sources in the global energy mix
  • Growing demand for energy efficiency and the changing energy landscape
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Off-Grid Remote Sensing Power System Market Scenario


A remote sensing power system for off-grid applications is an important component of the overall off-grid power distribution network. The increased demand for energy efficiency and the changing energy landscape are two main reasons driving the global off-grid remote sensing power system market. The networks that were constructed a few decades ago are still in use and need to be transformed to meet the growing demand for reliable electricity. As a result, utilities are working on increasing the efficiency of power grids by incorporating renewable energy and utilizing modern information and communication technologies, such as off-grid remote sensing power systems.


The increased demand for energy efficiency and the changing energy landscape are two main reasons driving the global off-grid remote sensing power system market. The networks that were constructed a few decades ago are still in use and need to be transformed to meet the growing demand for reliable electricity. As a result, utilities are working on increasing the efficiency of power grids by incorporating renewable energy and utilizing modern information and communication technologies, such as off-grid remote sensing power systems.

The off-grid remote sensing power system market size is projected to reach a valuation of USD 2,101.9 million by 2027 at ~7% CAGR between 2021 and 2027.


An off-grid remote sensing power system is an integral part of the entire off-grid power distribution network. However, the demand for off-grid remote sensing power systems has been impacted drastically due to COVID-19 impact, thereby negatively impacting the off-grid network, resulting in more complexities. Moreover, the end-users of remote sensing power systems such as the oil & gas and wind industry experienced a sudden decline in demand due to lockdown situations worldwide. For instance, the impact of COVID-19 and the oil prices war proved to be a two-pronged crisis for oil & gas companies. Oil prices dropped due to failed agreements on production cuts and travel restrictions due tothe global pandemic. Additionally, the wind energy industry also experienced an initial slowdown in terms of projects delay, but the first lockdown was the strictest and occurred during the spring. Hence, the demand for remote sensing systems kept on fluctuating during the outbreak of COVID-19.


The major factors driving the growth of the global off-grid remote sensing power system marketincludethe growing demand for energy efficiency and the changing energy landscape. The grids installed a few decades ago operate in a conventional manner and need a transformation in response to the increasing demand for reliable electricity. Therefore, utilities are focusing on makingpower grids more efficient by integrating renewable energy and taking advantage of advanced information and communication technologies, including off-grid remote sensing power systems.


The key factor driving the demand foroff-grid remote sensing power systemsisthe increasing share of wind energy sources in the global energy mix. COVID-19 has had a deep impact on global energy demand, and most sources in the global energy mix have witnessed a decline in demand. However, during this period, renewable electricity has registered a growth in demand in the share of electricity supply to off-grid applications. As perstatistical data from the International Energy Agency (IEA), the demand for renewable electricity grew by 1.56% from Q1 2019 to Q1 2020. The growth was witnessed due to numerous wind projects being commissioned in 2019. These energy sources are dispatched to consumers in preference to other energy sources, as they are cleaner and cheaper than other sources. In the renewable energy mix, wind grew at the fastest rate in 2019 and is expected to maintain a high growth rate during the forecast period. Furthermore, according to statistical data from the IEA, distributed wind power accounted for ~12% of the renewable capacity installed in 2019, with the majority of the end users being individuals and small & medium enterprises. The installation of wind turbines is likely to grow significantly during the forecast period, primarily due to the growing demand for clean energy. Thus, the increasing share of wind energy sources in the global energy mix is expected to drive the growth of the global off-grid remote sensing power system market during the forecast period. This sensing power system helps analyze the data and optimize electricity usage.


Many major players such asAcumentrics, Ensol Systems, and SFC Energyare actively focusing on providing a broad product portfolio and entering profitable contracts related to off-grid remote sensing power systems. For instance, in 2016, Atrex Energy, a major player in clean and reliable fuel cell solutions, appointed Ensol Systems as a new distributor partner in Canada.Similarly, SFC Energy manufactures and distributes portable DMFC systems for the industrial and military markets. The company is one of the most successful consumer fuel cell companies that have sold over 23,000 fuel cellstill 2016. Such developments are expected to drive the growth of the global off-grid remote sensing power systemmarket during the forecast period.


Market Segmentation


The global off-grid remote sensing power system market has been segmented based on technology type andend use. Based on technology type, the off-grid remote sensing power system market is divided into battery backup and fuel cells. The fuel cellsegment is expected to hold the larger share in the global market during the forecast period.Fuel cells have becomea major source of power fortelecoms towers in areas with uncertaingrid reliability and are also beginning to be used in consumer electronics. Moreover, fuel cellsare also increasingly used in the wind and oil & gas end-use industries for providing power whenever required. These cells are used as per the voltage requirement of the application in which they are used. For instance, higher system voltage means more 2V cells in series,so fewer parallel strings will be needed to gain the same amount ofenergy storage.


Based on end use, the off-grid remote sensing power system market is divided into oil & gas, wind, and weather monitoring stations. The oil & gas segment accounts for the largest share within the global market.These off-grid remote sensing power systems are deployed when the grid lines are unavailable. So, in order to reduce the load on the primary network and unreliable power, these power systems are deployed in the oil & gas sector. Off-grid power systems are increasingly used in various end-use applications by installing various monitoring systems, including supervisory control and data acquisition (SCADA) systems, light detection and ranging (LiDAR) systems, and other remote monitoring devices.



Off-Grid Remote Sensing Power System market Segmentation
The global off-grid remote sensing power system market is expected to registerhigh growth during the forecast perioddue to theincrease in power protection generated through fuel cells and backup batteries.This is expected to drive the demand for off-grid remote sensing power systemsduring the forecast period.


Based on region, the off-grid remote sensing power system market is segmented into Asia-Pacific, North America, Europe, the Middle East&Africa, and South America. North America holds the largest share in the off-grid remote sensing power system market due to increasing off-grid oil & gas production in the region.The North American off-grid remote sensing power systems market is expected to register a strong growth rate.For instance, the US power system has more than 50 GW of behind-the-meter flexible resources at its disposal, consisting of distributed energy resources (DERs) already enrolled in demand response programs. All these factors are likely to drive the demand for off-grid remote sensing power systems in the region as the grid complexity will lead to the increased installation of off-grid power remote sensing power systems. Moreover, various major players are focusing on innovation in introducing new products which would enhance their portfolio related to off-grid remote sensing power systems.


Key Players


The key players operating in the globaloff-grid remote sensing power systemmarket are Acumentrics (US), Energy Solutions (UK) Ltd (UK), Ensol System (Canada), HES Infra Pvt Ltd (India), SFC Energy AG (Germany), Solar Energy Company (India), Timber Line Electric and Control Corp. (US), Tycon Systems Inc. (US), UPS Systems Plc. (UK), and Victron Energy B.V. (Netherlands)


Industry News



  • Under India's Pradhan Mantri Sahaj Bijlee Har Ghar Yojana (SAUBHAGYA) program, The Assam Power Distribution Company Limited requested bids for off-grid rural electrification with 71,199 standalone solar systems on a turnkey basis in September 2021.

  • After CrossBoundary Energy agreed to finance a 1.2 MW solar system backed by up to 2 MWh of energy storage, the broadband network in Freetown, Sierra Leone's capital, is poised to become the first green network in the sub-region as of September 2021.

  • Ensol Systems was appointed as a new distributor partner in Canada by Atrex Energy, a major player in clean and reliable fuel cell solutions for Off-Grid Remote Sensing Power Systems.


Intended Audience



  • Government and Research Organization

  • Consulting Companies in the Power Industry

  • Research Consultants

  • Investors and Shareholders

Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 2,101.9 million
  • 2030 : Significant value

    		•
      CAGR   ~7% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Technology Type, End Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Acumentrics (US), Energy Solutions (UK) Ltd (UK), Ensol System (Canada), HES Infra Pvt Ltd (India), SFC Energy AG (Germany), Solar Energy Company (India), Timber Line Electric and Control Corp. (US), Tycon Systems Inc. (US), UPS Systems Plc. (UK), and Victron Energy B.V. (Netherlands)
      Key Market Opportunities   North America holds the largest share in the off-grid remote sensing power system market.
      Key Market Drivers

  • Increasing share of wind energy sources in the global energy mix
  • Growing demand for energy efficiency and the changing energy landscape

    		•


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    Frequently Asked Questions (FAQ) :

    Off Grid Remote Sensing Power System market is predicted to grow at ~7% through forecast period of 2020-2027.

    The forecast period for Off Grid Remote Sensing Power System market research report is 2020-2027.

    Global Off Grid Remote Sensing Power System market is dominated by North America region.