New Energy Sources: IoT connection is an essential tool for energy generation
This Application Spotlight provides a qualitative and high level quantitative analysis of the IoT market related to New Energy Sources. It provides a definition, description, analysis of drivers and barriers, and high level forecasts for growth in connections, technology split and revenue opportunity.
New Energy Sources consists of IoT connections for monitoring and supporting installations that generate (grid) electricity on a commercial scale from new and emerging energy sources including biogas, geothermal, hydro, industrial waste, liquid biofuels, municipal waste, primary solid biomass, solar photovoltaics, solar thermal, and tide, wave and ocean.
Such installations typically include a remote monitoring capability to ensure maximum power generation and minimize downtime. Specifically, this can be, for example, vibration sensing for wind turbines to detect wear and avoid catastrophic failures or efficiency monitoring of photovoltaic cells to prompt maintenance when they become dirty.
Keywords: Biogas, CHP, CMS, diagnostics, feed-in tariffs, geothermal, hydro, industrial waste, liquid biofuels, IoT, M2M, maintenance, municipal waste, ocean, power generation, primary solid biomass, remote monitoring, renewable energy, solar, tidal, wave, wind
Companies covered in this report: Bachmann Monitoring, GOLDBECK Solar, HMS Industrial Networks, ÖKOBIT, Romax Technology, Siemens, SolarEdge Technologies
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