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.