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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 -
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: SEGMENTATION BY PRODUCT TYPE
PART 08: CUSTOMER LANDSCAPE
PART 09: SEGMENTATION BY END-USER
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
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