DUBLIN, July 27, 2017 /PRNewswire/ --
The "Global Remote Renewable Management Systems Market 2017-2021" report has been added to Research and Markets' offering.
The global remote renewable management systems market to grow at a CAGR of 7.69% during the period 2017-2021.
The report, Global Remote Renewable Management Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of centralized remote control. An increasing number of vendors in the market are offering centralized software solutions that monitor and control the entire renewable plant and enhance the user interface and convenience. The equipment is connected to the remote communication terminal (RCT) which transmits the information through a Modbus or an Ethernet.
According to the report, one driver in the market is benefits of remote renewable management systems. Remote renewable management systems are basically platforms that monitor and control the entire portfolio of renewables in real time. They also simultaneously manage the project's operational performance. As the efficiency of the renewable power plants is increased, losses are reduced leading to increased revenues. The remote renewable management system, on the basis of evaluation losses, prioritizes the intervention of the system. Due to remote management, there is a faster response to failures, which results in the higher availability of the power plant along with decreased downtime.
Further, the report states that one challenge in the market is high operational costs. High initial costs of production and the implementation of renewable energy generation systems are affecting the market growth. This is because the installation, operation, and maintenance of renewable energy plants and assets are cost intensive. Also, the production of energy from various renewable source systems, such as solar panels and wind turbines, is expensive as it involves the use of advanced innovative technologies.
- Northern Power Systems
- OutBack Power
- SMA Solar Technology
Other prominent vendors
- 6th Energy
- Photon Energy
- Nova Energy
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/k96qsx/global_remote
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SOURCE Research and Markets