HTS Offerings in Geostationary and Non-Geostationary Orbits to Drive Energy Markets over Next Decade
50% of Energy Market Revenue Gains from 2013 – 2024 to come via HTS-Connected Offerings
Wilmington, DE – February 2, 2015 – NSR’s Energy Markets via Satellite, 5th Edition report finds that although near-term challenges exist for some segments of the Energy market, the long term opportunities remain strong. At over $3.8 Billion in retail revenues split between Oil & Gas, Mining, and Utility Markets by 2024 – new capacity, terminal form factors, and the ever-increasing focus on improving productivity of remote operations will drive demand for satellite communications across the Energy Sector.
“As we see more capacity in new orbits, frequencies and geographic coverage, Energy market end-users are taking note,” stated Brad Grady, author of the report. End-users and service providers continue to make steps toward ensuring operations on the ground today are ready to accommodate this new wave of connectivity options – from GEO HTS Capacity in C/Ku/Ka frequencies to MEO and LEO High Throughput Satellites. Leveraging traditional ground equipment in GEO, and new antenna technologies for MEO and LEO, HTS-based services will provide over half of all retail revenue growth across the Energy industry. This growth is driven by the necessity to improve remote operations while managing satellite connectivity costs.
Beyond HTS, Mobile Satellite Services – connecting everything from electrical substations to tankers – will account for over 35% of SATCOM terminals by 2024 and 10% of revenue growth. FSS terminals in C and Ku-bands, connecting the range of throughput demands, will account for nearly 50% of In-service Units, and 40% of revenue growth. Although 60% of Energy market retail revenue will derive from the Oil & Gas sector; rural electrification and ‘smarter grids’, distributed generation, and automation of mining operations continue to be strong drivers of growth for satellite services.
With more options in space, increased focus on improving operations and managing costs, and a longer time to become familiar with HTS-based systems, NSR expects a stronger focus on these emerging technologies within Energy markets. Yet, the question for end-users and service providers will remain the same as it is today – matching the right combination of services, at the right price, for the right application.
About the Report
NSR’s Energy Markets via Satellite, 5th Edition continues to bring NSR’s detailed analysis of the satellite communications industry to the Oil & Gas, Mining, and Utility verticals. With new break-outs of the HTS capacity into C/Ku/Ka-bands, and segmentation of the Offshore Exploration & Production sector into Supply Vessels and Rigs/Platforms, the report provides readers a complete, detailed, must-have view into the Energy satcom industry. Followed with detailed coverage of emerging Non-Geostationary Satellite Capacity, Energy Markets via Satellite, 5th Edition is the most comprehensive, dedicated study of the energy market opportunity for satellite communications.
NSR is a leading international market research and consulting firm with a core focus on the satellite sector and related industries. Founded in 2000 and with an experienced group of analysts located in all regions, NSR specializes in analysis of growth opportunities across four core sectors: Satellite Communications, Broadcasting & Digital Media, Hybrid & Emerging Applications and Commercial Space.