Nearly 27,000 Off-Grid Remote Sensing Power Systems Using Renewable or Alternative Energy Will be Deployed Annually by 2020, Forecasts Pike Research
BOULDER, Colo.--(BUSINESS WIRE)-- Remote sensing systems, including light detection and ranging (LIDAR) and supervisory control and data acquisition (SCADA) systems for the oil and gas industry, as well as remote monitoring using telemetry for environmental applications, represent a growing market for off-grid power. Increasingly this power is being supplied by renewable energy and alternative sources, such as fuel cells and advanced batteries. According to a new report from Pike Research, a part of Navigant's Energy Practice, nearly 27,000 remote sensing systems based on renewable and alternative energy will be shipped annually by 2020.
"Off-grid power systems for remote sensing applications are increasingly required to be self-contained, in terms of power and performance, for many months at a time," says research director Kerry-Ann Adamson. "While applications include river gauging stations, earthquake and tsunami monitoring sites, and weather stations, the primary end-use is in the oil and gas industry, which frequently pursues exploration and production in more remote environments."
The industry serving this market remains small and fragmented, according to the report. No single solution is set to become dominant. Currently, the development of technology to provide enough power to these sites for telemetry is focused on two tracks: trickle-charging the battery to extend its operating life and (in the longer term) replacing the battery. The aim of these new systems is to allow site autonomy of one year or more.
The report, "Off-Grid Power for Remote Sensing Applications", examines the market for remote sensing systems using renewable or alternative energy, focusing on remote sensing, LIDAR, and SCADA systems. Market drivers and barriers for the use of renewable or alternative energy systems are detailed, along with specific factors at work in the oil and gas industry. Market forecasts for unit shipments and for revenues, segmented by application, are provided through 2020. The report also includes profiles of key industry players. An Executive Summary of the report is available for free download on the Pike Research website.
About Pike Research
Pike Research, which joined Navigant's global Energy Practice on July 1, 2012, provides in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, "Off-Grid Power for Remote Sensing Applications," is a summary and reflects Pike Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
KEYWORDS: United States North America Colorado
The article Nearly 27,000 Off-Grid Remote Sensing Power Systems Using Renewable or Alternative Energy Will be Deployed Annually by 2020, Forecasts Pike Research originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.