Market Research Report
Renewable Energy Monitoring and Control Market - Solar PV and Wind Monitoring and Control Systems: Global Market Analysis and Forecasts
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||917788|
|Published||Content info||32 Pages; 35 Tables, Charts & Figures
Delivery time: 1-2 business days
|Renewable Energy Monitoring and Control Market - Solar PV and Wind Monitoring and Control Systems: Global Market Analysis and Forecasts|
|Published: December 5, 2019||Content info: 32 Pages; 35 Tables, Charts & Figures||
As renewable energy investments expand and grow rapidly across on-grid and off-grid locations, investments in monitoring and control (M&C) of these assets have also gained momentum. Instances of outages and equipment failures can cost millions per day in lost revenue. M&C can have a significant impact on optimizing overall levelized cost of energy (LCOE). Sophisticated data analysis and sensors to detect operational issues across solar PV and wind assets help. Undetected generation losses can lead to financial consequences. Fast detection of deviations in yield is crucial to preventing both generation and financial losses.
As a result of the logistics involved in remote installation operations and maintenance (O&M), integrated M&C solutions have an economic advantage on the total life cycle costs of on-grid and off-grid assets. A well-integrated M&C system can affect return on capital and lower total cost of ownership. According to Navigant Research, a Guidehouse company, the global market for renewable energy M&C solutions reaches an estimated $82.9 billion in cumulative revenue between 2019 and 2028.
This Navigant Research report analyzes the global market for M&C of solar PV and wind power assets. The study provides an analysis of the market issues, including drivers and challenges, related to distributed and utility-scale solar PV and wind power. Global market forecasts, broken out by region and segment O&M, extend through 2028. The report also examines the key hardware and software revenue related to renewables M&C systems.