Global Remote Power Generator Monitoring Market 2018-2022
- Published: Mar 2018
- Pages: 125
- SKU: IRTNTR21366
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This industry research report presents a comprehensive analysis of the remote power generator monitoring market by product type (diesel generators and gas generators) and by end-user (utility, oil and gas, metals and mining, and others). The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.
Overview of the global remote power generator monitoring market
Technavio’s market research analysts have identified the growing R&D and innovation as one of the primary factors that will trigger the growth of the remote power generator motoring market in the coming years. The capability for the increasing adoption rate of remote power generator monitoring systems depends on the growing number of smart systems. To ensure efficient machine operations, product development, modernization, and technological innovations are necessary for remote power generator monitoring system. The major players in the market are focusing on developing innovative features and new product types to expand their product portfolio. IoT-integrated remote power generator monitoring systems and mobile application-based remote power generator monitoring systems are the latest inclusion in the advanced remote generator monitoring systems. The advanced remote generator monitoring systems are significantly reducing the risk of failure and unplanned downtime. These challenges can be resolved as they can detect deterioration early. Technavio’s market research analysts predict that this global market will post a revenue of more than USD 630 million by 2022.
The growing need for mobile application-based generator monitoring is one of the key trends in the remote power generator motoring market. The traditional technique of monitoring a power generator needed regular monitoring of oil, temperature, voltage, and current. This process was labor intensive and the results produced were often imprecise. Generac being one of the major players in the market has increased investments in R&D to develop applications that can monitor electric generators wirelessly using the operating systems of smartphones. This type of systems send data through cellular networks and are easier to configure and more reliable than ethernet and telephone connections.
The remote power generator monitoring market appears to be fragmented due to the presence of several vendors. This industry research report provides information about the competitive environment among companies in the remote generator monitoring market and also offers an analysis of the companies and their products. Moreover, the report also provides information about key areas the players currently focus on and strategies they follow to sustain the competition.
The report includes an analysis of a number of companies in this marketspace including -
- General Electric
Segmentation by end-user and analysis of the remote power generator monitoring market
- Oil and gas
- Metals and mining
The utility segment accounted for the major share of the remote generator monitoring market during 2017. During the forecast period, the market will continue to witness steady growth in this segment due to the increasing consumption of electricity in the developing countries such as China and India. Moreover, the growing per capita income of these countries that has increased the usage of consumer electronic devices and appliances, driving the need for which electricity will also drive the growth of the market in this segment.
Geographical segmentation and analysis of the remote power generator monitoring market
APAC accounted for the maximum shares of the remote generator monitoring market during 2017. Countries such as China, Japan, India, and South Korea are the major revenue contributors in this region. Our analysts have predicted that APAC will witness steady growth in the next five years owing to the rapid industrialization and urbanization.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global remote power generator monitoring market?
- What are the key market trends impacting the growth of the global remote power generator monitoring market?
- What are the challenges to market growth?
- Who are the key vendors in the global remote power generator monitoring market?
- What are the market opportunities and threats faced by the vendors in the global remote power generator monitoring market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global remote power generator monitoring market?
Technavio also offers customization on reports based on specific client requirement.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Global remote power generator monitoring market - Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: SEGMENTATION BY PRODUCT TYPE
- Diesel generators
- Gas generators
PART 08: CUSTOMER LANDSCAPE
PART 09: SEGMENTATION BY END-USER
- Comparison by end-user
- Utility – Market size and forecast 2017-2022
- Oil and gas – Market size and forecast 2017-2022
- Metals and mining – Market size and forecast 2017-2022
- Others – Market size and forecast 2017-2022
- Market opportunity by end-user
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- APAC – Market size and forecast 2017-2022
- EMEA – Market size and forecast 2017-2022
- Americas – Market size and forecast 2017-2022
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Emergence of IoT-based devices and technologies
- Growing trend of predictive maintenance
- Growing need for mobile application-based generator monitoring
PART 14: VENDOR LANDSCAPE
- Landscape disruption
- Competitive landscape
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- General Electric
- List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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