Off-Grid Remote Sensing Power System Market Size, Share & Industry Analysis, By Type (Natural Gas, Fuel Cell, Solar Energy), By Application (Oil & Gas, Weather Monitoring Stations, Wind Power Industry, Other) And Regional Forecast, 2024-2032

Off-grid power systems are designed to provide electricity to a smaller community; these are standalone power systems that help to function without the need for electrical grids. The systems are used in isolated areas where electrical grid infrastructure is not available. Off-grid power systems find application in numerous remote sensing systems such as sonic detection & ranging (SODAR), light detection & ranging (LIDAR) systems, and supervisory control & data acquisition (SCADA) systems in oil & gas, wind, weather monitoring stations, transportation, and other industries.

Based on type, the market is segmented into natural gas, fuel cell, and solar energy. Natural gas is a naturally occurring hydrocarbon gas consisting of methane, but commonly including amounts of higher alkanes and a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. A fuel cell is an electrochemical cell that converts the chemical energy of a fuel into electricity through a pair of redox reactions. Fuel cells can produce electricity continuously as long as fuel and oxygen are supplied. The solar energy techniques are classified as active or passive solar energy techniques; active solar techniques include the use of photovoltaic systems, while passive solar techniques include orienting and selecting materials with favorable thermal mass.

Based on the application, the market is segmented into oil & gas, weather monitoring stations, wind power industry, and others. The global off-grid remote sensing power systems market could witness growth due to its applications in the oil and gas sector, such as monitoring hydrocarbon, pipeline exploration activities, lithological mapping, and environmental geology. A weather monitoring station is a provision with instruments and equipment for measuring atmospheric conditions; it is used to study the weather and climatic conditions and provide information for weather forecasts. It is obtainable with solar panels and mounting accessories.

The major market driver for the off-grid remote sensing power system market is the significant increase in the number of investments for offshore wind energy plants. In addition, the rising demand for improved infrastructure in the oil and gas industry is providing an impetus for the growth of the industry.

The factor that is expected to inhibit the growth of the market is the delayed investment in projects in off-grid power systems. Also, the high maintenance costs of the system may hinder the market’s growth.

Key Market Driver -

Significant increase in the number of investments for offshore wind energy plants

Key Market Restraint -

Delayed investment in projects

Key Players Covered:

Some of the major companies that are present in the off-grid remote sensing power system market are Energy Solution, Victron Energy, Ensol Systems Inc., Acumentrics Inc., Hess Corporation, SFC Energy AG, Tycon Systems Inc., UPS Systems Plc., Timber Line Electric and Control Corp., Evergreen Energy, Solar Energy, and HES Infra Pvt Ltd.

Regional Analysis:

The off-grid remote sensing power system market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, a rise can be seen in the oil and gas reserves, which leads to the need for renewable energy for the purpose of powering remote sensing systems. The U.S. power grid experiences more catastrophic blackouts due to fires, ice, snow, or other natural disasters; therefore, it’s important to properly design and install the actual solar panels on an off-grid system in the region. This could bring growth in the North American off-grid remote sensing power systems market and take a leading position globally.

Europe can experience good growth during the forecast period on account of the availability of substantial wind energy capacity, especially in Germany and the U.K. The European market is experiencing dynamic growth; the industry association Solar Power Europe reports that the European Union saw an eleven percent increase in PV capacity in 2020, with 18.7 gigawatts (GW) of newly installed capacity. The regions Asia Pacific, the Middle East & Africa, and Latin America could be other prominent regions to offer opportunities as well as determine the growth in the off-grid remote sensing power systems market.

To gain extensive insights into the market, Request for Customization

Segmentation

Key Industry Developments

• In October 2020, Spacecom revealed that the company is teaming up with Ignite Power, a Pan-African infrastructure developer, to install e-Health connectivity solutions in remote clinics across sub-Saharan Africa. The solution is powered by Spacecom’s AMOS-17 Satellite and Ignite’s off-grid solar power solutions and diagnostic systems.


• In October 2020, Huawei has launched its next-generation ‘FusionSolar’ smart PV solution with an emphasis on innovative smart technologies to provide the easiest and highest safety installation standards and long-term operability. Huawei's intelligent battery LUNA2000 is the highlight of the solution which uses lithium iron phosphate cells for increased safety.