Off-grid Power Systems for Remote Sensing Market anticipated to expan sep 2016 | Page 2

Off-grid Power Systems for Remote Sensing
Market

REPORT DESCRIPTION

Off-grid Power Systems for Remote Sensing Market - Global Industry Analysis, Size, Share,
Growth Trends, and Forecast 2016 - 2024
Transparency Market Research has released a new market report titled “Off-grid Power Systems for Remote
Sensing Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024.”
According to this report, the global off-grid power systems for remote sensing market was valued at US$
1,193.85 Mn in 2016 and is projected to reach US$ 2,105.95 Mn by 2024 at a CAGR of 7.35% from 2016 to
2024.
The global off-grid power systems for remote sensing market is driven by the need for power surge
protection through fuel cells and backup batteries coupled with the growing applications/adoption of LIDAR
in the wind energy sector. Increasing investments in offshore wind energy plants will also create a demand
for off-grid power systems for remote sensing. Major players of the industry focus on research and
technology to develop a remote sensing product with highest accuracy. The end-user industries are
dependent on the data provided by the remote sensing systems for proper operations. Hence, accuracy of
remote sensing systems will play an important role in the growth of the off-grid power systems for remote
sensing market.
Complete Report with TOC : http://www.transparencymarketresearch.com/off-grid-remote-sensingpower-system-market.html
Use of off-grid technologies reduces the reliability on grid power, enabling smooth operations in remote
sensing activities. Battery backup uses batteries with lead acid, lithium ion, and nickel cadmium, among
others as a material to ensure longer battery life for smooth performance. Solar PV technology also uses
battery backup due to its intermittent power supply problem. Fuel cells is a new and emerging technology
and the market for fuel cells is anticipated to expand at a high rate in the next few years. In terms of
technology, battery backup is anticipated to be the largest segment of the global off-grid power systems
for remote sensing market during the forecast period. The battery backup segment is driven by the use of
advanced technologies and the influx of investments in battery manufacturing. High investments in
battery manufacturing are resulting in advancements such as increased energy for longer runtimes and
improved power for high current load requirements which are particularly required in remote sensing
applications. Significant efforts are being undertaken to develop the battery technology for remote sensing
applications. For instance, the ratio capacity to size is increasing. This enables a higher number of power
consuming activities such as longer flights and heavier payloads. In terms of new development, major
companies are developing remote power systems for outdoor backup power solutions which provide
uninterrupted power supply for monitoring activities in oil & gas and wind energy sector.
Fuel cells are also used as one of the off-grid power supply options for remote sensing in oil & gas and wind
energy sectors. Fuel cell technologies are being developed in order to support climate change and meet
energy security goals in several industries, such as transportation, industry, buildings, and power. Fuel cell

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