Global Remote Renewable Management System Market 2015-2019 - New Market Research Report

From: Fast Market Research, Inc.
Published: Tue Sep 08 2015


Effective management of renewable plants depends on remote control centers due to size of plants and their geographical spread. Advanced control and communication systems such as SCADA, intelligent electronic devices (IEDs), and plant security systems are essential to optimize performance, increase ROI, and meet grid requirements and contractual obligations.

Remote renewable management systems improve visibility of renewable generation plants by remotely managing assets such as generators, rectifiers, batteries, air conditioners, cooling fans, and filters. They assist in asset monitoring and controlling, collection and analysis of data, remote surveillance, and sending out alarms based on instant analysis.

Technavio's analysts forecast the global remote renewable management system market to grow at a CAGR of 8.7% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "An increased number of disturbances in electricity supply through power grids worldwide has triggered the need for distributed energy generation systems. Increased adoption of wind and solar generation technologies will help reduce these power disturbances significantly as well. Large-scale storage batteries used in these systems reduce irregularities in power supply by providing electricity during a power shortage."

According to the report, remote renewable management system 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. The system analyzes key performance indicators (KPIs), 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.

Further, the report states that lack of industry standards is hindering the market growth.

The key players in the Global Remote Renewable Management System Market are Cummins, ETAP, Northern Power, OutBack Power and SMA while other prominent vendors include 6th Energy, Dexdyne, ABB and GE

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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