Off-grid Power Systems for Remote Sensing Market Driven by Increased R&D by Market Players

Published By : 21 Jun 2016 | Published By : QYRESEARCH

Off-grid are systems that are not connected to the main power grid or the local power grid.  These systems work on the secondary power source such as fuel cells and batteries. Off-grid systems are used in situations and places where the availability of grid lines is not possible. These systems are used in order to reduce the load from the main grid and in situations where standalone power is necessary. Off grid power systems are witnessing a heightened demand from various end user industries and thus, lobal off-grid power systems for remote sensing market is expected to expand at a CAGR of 7.35% from 2016 to 2024, states a report by Transparency Market Research (TMR).

Growing adoption of LIDAR Drives Off-grid Power Systems for Remote Sensing Market

The global off-grid power systems for remote sensing market is driven by the rising applications of LIDAR in the wind energy sector. The growing demand for power surge protection by use of back up batteries and fuel cells is also helping the global off-grid power systems for remote sensing market to grow significantly. Other factors benefitting the growth of the market include: rising investments in offshore wind energy plants and the rising focus of market players on R&D for the development of remote sensing systems with enhanced accuracy. 

Battery Backup Anticipated to be Largest Segment of Off-Grid Power Systems For Remote Sensing Market 

On the basis of technology, the global off-grid power systems for remote sensing market is segmented into battery back-up, fuel cells, and others. Of these, the battery back-up segment will be the largest segment in the market in the coming years. The battery back-up segment is expected to be motivated by rising investments in battery manufacturing, use of advanced technology, and the need for an improved power for high current load requirements. Moreover, companies operating in the off-grid power systems for remote sensing market are developing remote power systems for outdoor backup power solutions that can offer uninterrupted power supply in the wind and oil and gas sectors.

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