HTS ‘ key driver’ across energy sector over next 10yrs
In its latest paper, entitled: Energy Markets via Satellite, 5th Edition, NSR finds that while near- term challenges do exist for some segments of the energy market, the long- term opportunities remain strong. In fact, in excess of US$ 3.8billion in retail revenues are expected from the oil and gas, mining, and utility markets by 2024.
Leveraging traditional ground equipment in GEO, and new antenna technologies for MEO and LEO, HTS- based services will provide more than half of this revenue, driven by the necessity to improve remote operations while managing satellite connectivity costs.
Brad Grady, senior analyst at the firm and author of the report, said: “As we see more capacity in new orbits, frequencies and geographic coverage, energy market endusers are taking note.”