New Energy Sources: IoT connection is an essential tool for energy generation

12 April 2016
Report type: Application Spotlight
Author(s): Jim Morrish, Jonathan Tee - Associate Principal Analyst
Categories: New Energy Sources
Keywords: IoT, internet of things, internet, things, M2M, machine-to-machine, 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: Bachmann Monitoring, GOLDBECK Solar, HMS Industrial Networks, ÖKOBIT, Romax Technology, Siemens, SolarEdge Technologies
Number of Pages: 8

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. 

Detailed country-by-country forecasts, including connections, technology splits, traffic and revenue for this (and all other) IoT application are available in the Forecast DatabaseForecast Database.

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

8 pages

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