Global Remote Renewable Management Systems Market 2017-2021

Overview of the global remote renewable management systems market

According to Technavio's market research report, the remote renewable management systems market will grow at a CAGR of close to 8% during the forecast period. The ratification of Paris Climate Agreement is identified as one of the key drivers for the market in the forthcoming years. Many countries are investing in renewables in power, transportation, and other sectors to comply with the Paris Agreement. However, the management of renewable sources is becoming a challenge due to the rapid growth in the renewable energy businesses. This drives the demand for a highly-advanced management system that can ensure the effective and efficient use of renewables by monitoring the overall performance of the system. This management system includes advanced communication and control systems such as supervisory control and data acquisition (SCADA), plant security systems, and intelligent electronic devices. They are used to meet grid requirements, contractual obligations, increase ROI, and optimize the performance. With the rising investments in renewables, remote energy management companies will continue to enhance the efficiency of remote renewable energy management systems.

The development of a centralized remote control is one of the key trends that will gain traction in the market during the estimated period. The deployment of a centralized software solution to monitor and control the entire renewable plant will enhance the user interface and convenience. In addition, the inclusion of wireless hubs can also help in the transmission of signals from the remote control to other systems or devices.

Competitive landscape and key vendors

The remote renewable management systems market is fragmented due to the presence of a multitude of vendors. These vendors are offering innovative renewable technologies and solutions to increase their foothold in the market. Local and regional vendors are offering solutions at low prices in comparison to the international vendors. The international vendors are concentrating on providing a complete solution to enhance their customer base.

Key vendors in this market are -

• Cummins
• Northern Power Systems
• OutBack Power
• SMA Solar Technology

Other prominent vendors in the market include 6th Energy, ABB, Dexdyne, GE, ETAP, DNV GL, CGI Group, ISOTROL, GREENBYTE, Advantech, Ameresco, CivicSolar, Photon Energy, Nova Energy, and Enfo.

Segmentation by application and analysis of the remote renewable management systems market

• Software
• Hardware
• Services

Government policies such as green building codes and Energy Star ratings by the Environment Protection Agency are related to energy conservation and consumer education. The energy management software is implemented in accordance with these policies. The adoption of energy management software will continue to increase until the end of 2021 since they are used in various fields such as the industrial sector, utility, enterprise energy system, residential management systems, and others.

Segmentation by geography and analysis of the remote renewable management systems market

• Americas
• APAC
• EMEA

The increasing support from the government and the technological advancements in remote energy management applications will drive the market's growth in the Americas during the projected period. The region is witnessing the deployment of remote renewable management systems due to the reduction in renewable energy prices. With the declining cost of installation due to technological advancements, the coming years will witness more players to invest in the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global remote renewable management systems market?
• What are the key market trends impacting the growth of the global remote renewable management systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global remote renewable management systems market?
• What are the market opportunities and threats faced by the vendors in the global remote renewable management systems market?
• What are the 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 renewable management systems market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the global remote renewable management systems market is an integral part of Technavio's energy portfolio and offers insights into market segments like the power sector. Additionally, to offer clients insights into the competitive landscape, this market report on the global remote renewable management systems market also covers vendors like Cummins, ETAP, Northern Power, OutBack Power, SMA, 6th Energy, ABB, Dexdyne, and GE.

To correctly estimate the growth of the global remote renewable management systems market, the market research analysts at Technavio follow a scrupulous approach of primary and secondary research and analyze the data collected from various sources including industry experts, research journals, and manufacturers. This market study also offers a comprehensive analysis of various power services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

This upcoming industry report on the global remote renewable management systems market also considers the growth of related power markets such as the wind turbine generator and noise detection and monitoring, which are expected to grow at a CAGR of almost 5% and about 6% respective, during the forecasted period. Our market research analysts believe that the increasing development and innovation to manage distant renewable assets might play a key role in influencing the global demand for remote renewable management systems. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global remote renewable management systems market also covers geographies like the Americas, APAC, and EMEA.

This upcoming market research report on the global remote renewable management systems market also identifies the key influencers, the emerging trends, and the pain points faced by the vendors in the power sector. Additionally, to give a realistic picture of the industry's growth prospects, the report also provides detailed insights on the changing competitive landscape and the strategies followed by the major players to establish their presence in the global energy market.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.