Kuala Lumpur, Malaysia – October 28, 2015 – Portable renewable energy systems are standalone devices powered by alternative energy such as solar and wind. This makes them a safer, lightweight and more environmentally-friendly alternative to traditional diesel and gas gensets. Traditional gensets require constant refuelling and contribute to local air pollution due to sizeable toxic emissions. However, they have also gained the trust of end users over the last 50 years. As a result, portable renewable energy systems, despite their many benefits, are unlikely to rapidly replace the entrenched diesel and gas genset solutions.
New analysis from Frost & Sullivan, Innovations in Portable Renewable Energy and Its Impact on Key Sectors, confirms that the advantages provided by portable renewable power systems can address the specific needs of the military, civilian (consumer electronics, residential and humanitarian effort) and industrial sectors. In the military sector, for instance, portable renewable technology could meet the industry’s stringent requirements related to safety and weight.
End users still doubt the reliability and operability of nascent portable renewable energy solutions and are discouraged by its cost; the price of portable solar power technologies is 10 times that of portable battery packs.
“The most effective technology management strategy for the portable renewable power market would be acquisitions and partnerships,” said TechVision Research Associate Hafiz Amin. “Acquisitions and partnerships, such as Hanergy’s purchase of Global Solar Energy, will allow portable renewable energy companies to leverage the knowledge and expertise of their partners to strengthen their value proposition in the market.”
“For now, solar power dominates the portable renewable energy market, followed by wind power,” added Amin. “The rise of portable solar power is primarily due to the availability of thin film solar cells, specifically second-generation solar cells, which include amorphous silicon, copper indium gallium selenide and cadmium telluride solar cells.”
Innovations in Portable Renewable Energy and Its Impact on Key Sectors, a part of the TechVision subscription, gives a snapshot of the industry landscape, end user needs, and recent technology innovations in the portable renewable energy market. It details the application potential of portable renewable energy in the military, civilian and industrial sectors and identifies key patents and market participants.
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Innovations in Portable Renewable Energy and Its Impact on Key Sectors
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