Remote Terminal Unit (RTU) in Smart Grid Market Analysis 2018 | Growth by Top Companies: ABB, Schneider Electric, Siemens, Iskra Sistemi, General Electric, Honeywell, Schweitzer Engineering, Red Lion, Wescon Group, Dongfang Electronics, Nari Group

This report covers the present scenario (with the base year being 2017) and the growth prospects of global Remote Terminal Unit (RTU) in Smart Grid market for 2018-2023.

Remote Terminal Unit (RTU) is a device installed at a remote location that collects data, codes the data into a format that is transmittable and transmits the data back to a central station, or master. An RTU also collects information from the master device and implements processes that are directed by the master. RTUs are equipped with input channels for sensing or metering, output channels for control, indication or alarms and a communications port.

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In a smart grid, the remote terminal unit can collects the data of the electric power condition and transmits the data to the station. Today, RTU is a necessary part in the smart grid and transformer substations.

In the production market, North America is the largest supplier of remote terminal unit at a market share more than 30%. While it is also the largest consumption market, followed by Europe and China.
China is the emerging market of remote terminal unit in smart grid. With the fast development of smart grid industry in China, the market size of remote terminal unit is also larger and larger. In 2015, the production market share of China in the global is about 11.26% while the consumption market share is about 12.10%.

Now, the remote terminal unit market in developed regions like USA and Europe is mature, while the growth rate of remote terminal unit market in developing regions like Asia will be faster. It is expected that the production and consumption market share Asia area occupied will be larger in the next several years.

Over the next five years, LPI(LP Information) projects that Remote Terminal Unit (RTU) in Smart Grid will register a 4.6% CAGR in terms of revenue, reach US$ 300 million by 2023, from US$ 230 million in 2017.

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This report presents a comprehensive overview, market shares, and growth opportunities of Remote Terminal Unit (RTU) in Smart Grid market by product type, application, key manufacturers and key regions.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ABB
Schneider Electric
Siemens
Iskra Sistemi
General Electric
Honeywell
Schweitzer Engineering
Red Lion
Wescon Group
Dongfang Electronics
Nari Group
TopRank
Prestigious Discovery
Arliscoputra Hantama

To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Small size
Medium size
Large size
Segmentation by application:
Power Plant
Company Power Sector

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This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Remote Terminal Unit (RTU) in Smart Grid consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Remote Terminal Unit (RTU) in Smart Grid market by identifying its various subsegments.
Focuses on the key global Remote Terminal Unit (RTU) in Smart Grid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Remote Terminal Unit (RTU) in Smart Grid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Remote Terminal Unit (RTU) in Smart Grid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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This release was published on openPR.