Remote Power Generator Monitoring – Increasing Adoption of Wi-Com is a Major Driver | Technavio
LONDON–(BUSINESS WIRE)–#Automation–The latest market research report by Technavio
on the global
remote power generator monitoring market predicts a CAGR
of above 4% during the period 2018-2022.
The report segments the global
remote power generator monitoring market by product type (diesel
generators and gas generators), by end-user (utility, oil and gas, and
metals and mining), and by geography (the Americas, EMEA, and APAC). It
provides a detailed illustration of the major factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.
Here are some key findings of the global remote power generator
monitoring market, according to Technavio industrial
automation researchers:
- Increasing adoption of Wi-Com: a major market driver
- Emergence of IoT-based devices and technologies: emerging market trend
-
APAC dominated the global remote power generator monitoring market
with 36% share in 2017 - In 2017, utility segment held the highest market share of 34%
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Increasing adoption of Wi-Com: a major market driver
The rising implementation of Wi-Com technologies by most end-user
industries is driving the growth of the global remote power generator
monitoring market. Earlier, Wi-Com technology was being used in consumer
appliances such as cell phones, but now it has several applications in
various industries such as the remote power generator monitoring. The
day-to-day processes in end-user industries are becoming increasingly
complex. There has been a substantial increase in the demand for
real-time data monitoring and UPS.
The ability of Wi-Com devices to extract data from generators, pumps,
motors, conveyors to refineries, cooling towers, and drilling machines
has led to its high usage. Wi-Com technology is the best alternative in
applications where the installation of cables is highly complex or not
feasible economically. In industries, such as oil and gas and power, the
plant and the main control unit are separated from each other. Wi-Com
helps the operators to collect data that is communicated immediately to
all concerned authorities through handheld devices such as smartphones.
This ensures transparency in data and enables prompt action.
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Emergence of IoT-based devices and technologies: emerging market trend
The onset of the IoT has made some significant changes to the discrete
and process industries, globally. Remote power generators with
IoT-integrated controllers are new technologies in the field of power
generators. The functional benefits of IoT is leading to its increased
demand. Its ability to be connected to the Internet to offer
remote-controlled connectivity is further fueling the demand. These
devices can offer inputs about the designated area by sensing and
analyzing its surroundings. In remote power generators with
IoT-integrated controllers, the integrated IoT controller enables a
two-way connection for the generator. It intermediates unprocessed raw
data to pass through and pushed to a cloud-based platform. For smooth
functioning of operations, there is a continuous check on the data that
is being processed.
According to a senior analyst at Technavio for research on automation,
“When the system detects a malfunction in the generator, a ticket is
raised, and it is flagged to be sorted out at the earliest. This reduces
downtime and increases the productivity of the plant. Further benefits
of IoT-integrated remote power generators include its ability to make
rational decisions. Based on load requirement, IoT controller decides
which generator must run continuously to produce enough power for the
plant. This decreases the complexity of maintaining the performance of
the generator.”
Global market opportunities
In terms of regional dominance, APAC led the global
remote power generator monitoring market, followed by EMEA and
the Americas in 2017. APAC is expected to maintain its position
throughout the forecast period. Primary factors leading to its growth is
the growing population and the improving per capita income. This is
leading to industrial development in the region.
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