Market Overview:
The global autonomous power systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for autonomous PV power systems and intelligent distributed autonomous power systems across different applications. In addition, the growing awareness about energy conservation is also propelling the growth of this market. Some of the major factors restraining the growth of this market are high installation and maintenance costs and lack of standardization. Based on type, the global autonomous power systems market can be segmented into autonomous PV power systems and intelligent distributed autonomous power systems. Autonomous PV power system is further sub-segmented into off-grid solar powered system and grid-connected solar powered system. Intelligent distributed autonoumous powererdsystems are further sub-segmented into microgrids, smart grids,and virtualpower plants (VPPs).
Product Definition:
Autonomous Power Systems (APSs) are systems that can operate independently of the main power grid. They can provide backup power in the event of a blackout or other emergency, and they can also help manage energy demand on the grid. APSs are important because they improve system reliability and help reduce stress on the grid.
Autonomous PV Power Systems:
The global autonomous power systems market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing demand for clean energy, coupled with growing concerns regarding climate change, is anticipated to drive the growth of this market during the forecast period.
Autonomous power system has no human intervention apart from initial set up operations; it uses sensors.
Intelligent Distributed Autonomous Power Systems:
Intelligent distributed autonomous power systems (IDAP) is a new term in the market which refers to combining of electrical energy storage with an intelligent control system. The IDAP system has several advantages over conventional systems including continuous power supply, frequency regulation, and load shifting among others.
Application Insights:
The vehicles segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The introduction of advanced autonomous vehicles with enhanced safety features, such as adaptive cruise control, lane departure warning system and collision avoidance systems will drive the demand for global autonomous power systems in automobiles.
The electric appliances segment is anticipated to register a significant CAGR over the forecast period owing to increasing adoption of energy-efficient products coupled with government initiatives promoting renewable energy generation sources such as solar and wind. For instance, in 2015 Germany launched a program promoting investments for installing solar panels on residential buildings which resulted in increased production capacity across all major manufacturers including Panasonic Corporation, Sharp Corporation and Samsung Electronics Co., Ltd.
Regional Analysis:
The European market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been at the forefront of promoting autonomous power systems technology, which is one of the major factors contributing to its large market share. Europe also happens to be a hub for electric vehicles manufacturing companies such as Daimler AG, Volkswagen Group, and Tesla Inc., all of whom are actively involved in developing APS technology solutions.
North America held a significant revenue share in 2017 owing to growing adoption by industries operating within healthcare & medical sector as well as commercial sectors such as transportation & logistics (T&L) and industrial applications. The U.S., being an early adopter of advanced technologies across various sectors including energy generation & distribution, healthcare etc., has led it holding a substantial market value across this region over the forecast period – 2018-2030 (USD Million).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for autonomous power systems, as they are used to charge electric vehicles.
- Proliferation of renewable energy sources: Renewable energy sources such as solar and wind are becoming increasingly popular due to their low environmental impact and growing concerns about climate change. This is leading to an increase in the adoption of autonomous power systems, which can help store and manage excess renewable energy.
- Rapid urbanization: By 2030, 66% of the world’s population is expected to live in cities, up from 54% today. This rapid urbanization will create a greater need for efficient and reliable electrical infrastructure, which autonomous power systems can help provide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Power Systems Market Research Report
By Type
Autonomous PV Power Systems, Intelligent Distributed Autonomous Power Systems
By Application
Vehicles, Electric Appliances, Industrial, Healthcare, Other
By Companies
Hitachi, Siemens, GE, SunWize, Autonomous Energy, Novatech GmbH, SAPsystem Ltd., Esco Technologies Inc, Mastervolt
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Power Systems Market Report Segments:
The global Autonomous Power Systems market is segmented on the basis of:
Types
Autonomous PV Power Systems, Intelligent Distributed Autonomous Power Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vehicles, Electric Appliances, Industrial, Healthcare, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hitachi
- Siemens
- GE
- SunWize
- Autonomous Energy
- Novatech GmbH
- SAPsystem Ltd.
- Esco Technologies Inc
- Mastervolt
Highlights of The Autonomous Power Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Autonomous PV Power Systems
- Intelligent Distributed Autonomous Power Systems
- By Application:
- Vehicles
- Electric Appliances
- Industrial
- Healthcare
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Power Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Autonomous Power Systems (APS) is a technology that enables electric vehicles to operate without the need for human input. This can be done through various methods such as using sensors and algorithms to control the vehicle's powertrain, braking, and steering.
Some of the key players operating in the autonomous power systems market are Hitachi, Siemens, GE, SunWize, Autonomous Energy, Novatech GmbH, SAPsystem Ltd., Esco Technologies Inc, Mastervolt.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Autonomous Power Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Autonomous Power Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Autonomous Power Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Autonomous Power Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Autonomous Power Systems Market Size & Forecast, 2020-2028
4.5.1 Autonomous Power Systems Market Size and Y-o-Y Growth
4.5.2 Autonomous Power Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Autonomous PV Power Systems
5.2.2 Intelligent Distributed Autonomous Power Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vehicles
6.2.2 Electric Appliances
6.2.3 Industrial
6.2.4 Healthcare
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Autonomous Power Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Autonomous Power Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Autonomous PV Power Systems
9.6.2 Intelligent Distributed Autonomous Power Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vehicles
9.10.2 Electric Appliances
9.10.3 Industrial
9.10.4 Healthcare
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Autonomous PV Power Systems
10.6.2 Intelligent Distributed Autonomous Power Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vehicles
10.10.2 Electric Appliances
10.10.3 Industrial
10.10.4 Healthcare
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Autonomous PV Power Systems
11.6.2 Intelligent Distributed Autonomous Power Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vehicles
11.10.2 Electric Appliances
11.10.3 Industrial
11.10.4 Healthcare
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Autonomous PV Power Systems
12.6.2 Intelligent Distributed Autonomous Power Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vehicles
12.10.2 Electric Appliances
12.10.3 Industrial
12.10.4 Healthcare
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Autonomous PV Power Systems
13.6.2 Intelligent Distributed Autonomous Power Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vehicles
13.10.2 Electric Appliances
13.10.3 Industrial
13.10.4 Healthcare
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Autonomous Power Systems Market: Competitive Dashboard
14.2 Global Autonomous Power Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi
14.3.2 Siemens
14.3.3 GE
14.3.4 SunWize
14.3.5 Autonomous Energy
14.3.6 Novatech GmbH
14.3.7 SAPsystem Ltd.
14.3.8 Esco Technologies Inc
14.3.9 Mastervolt
