Remote Monitoring and Control Market 2019 Global Industry Analysis by Key Players: Rockwell Automation, General Electric, Endress+Hauser, Honeywell International, Emerson Electric

Market Highlights:

A type of specification that facilitates the observation of network operational activities via remote devices known as monitors or probes is called remote monitoring. It is used for assisting network administrators to manage network infrastructure control and infrastructure management efficiently. Automated procedures often monitor and control many systems. The factors contributing to the growth of global remote monitoring and control market include asset excellence, growing demand for industrial automation, and the rising demand for industrial mobility in the process industry. However, the availability of alternatives and falling prices of raw materials can hamper the growth of this market.

Market Research Future (MRFR) has published a research report about the global remote monitoring and control market that foresees the proliferation of this market between 2017 and 2023, with 5% CAGR (Compound Annual Growth Rate). This report provides a detailed analysis of market structure along with factors affecting the market growth. Calculating the current market size, it estimates the future growth potential. Providing the strategic profiling of key players in the market, the report comprehensively analyzes their core competencies. It tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances.

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Major Key Players

• Honeywell International Inc. (US),
• Emerson Electric Co. (US),
• Rockwell Automation, Inc. (US),
• Schneider Electric SE (France),
• ABB Ltd. (Switzerland),
• Yokogawa Electric Corporation (Japan),
• General Electric Co. (US),
• Fuji Electric Co., Ltd. (Japan),
• Endress+Hauser AG (Switzerland),
• Johnson Controls Inc. (US),
• Sierra Instruments Inc. (US),
• Mitsubishi Electric Corporation (Japan),
• Omron Corporation (Japan)
Mitsubishi Electric Corporation launched MelEye, a monitoring and control system which is a supervisory system that enhances elevators and escalators operations management with the help of latest network technologies. The MelEye observes operational status of elevators and escalators that handles changing passenger traffic.

According to Market Research Future Analysis, Remote Monitoring and Control Market has been valued at USD 23 billion by 2023 growing with 5% of CAGR during forecast period 2017 to 2023.

Industry News

August 2018: Thermon announces TraceNet Genesis Control & Monitoring System: Thermon announced TraceNet Genesis control and monitoring system which is used for managing heat trace circuit performance on tanks & instrumentation, and process lines. TraceNet Genesis control system provides on panel access to heat trace circuit performance and records up to 6 months for up to 72 heat trace circuits.
August 2018: New LAPSYS Desktop Software from Fuji Machine Allows Remote Monitoring: The Lapsys Desktop Software provides predictive maintenance and part traceability for improving machining automation and efficiency. This software reads scanned laser etchings for tracing the origin.

Regional Analysis
The regional segmentation of the global remote monitoring and control market segments the market into regional markets namely North America, Europe, Asia Pacific and rest of the world (RoW). North America holds the largest market share due to increasing adoption of remote monitoring and control by the pharmaceuticals industry, increasing automation, and many key players in this market are based in this continent. The United States of America (USA) is where the majority of key players are based in. In Europe, technological advancement is the key reason for the existence of remote monitoring and control market with some key players being based in France and Switzerland. During the forecast period, Asia Pacific region is expected to witness the greatest boost in the market due to the determination to achieve excellence in various industries and the rising demand for utilization of resources. The technologically advanced countries like Japan and Singapore have the maximum potential to be the ideal market for remote monitoring and control.

Segmentation
Based on component, the market is segmented into solutions and instruments.
Based on end-users, the market is segmented into chemicals, oil & gas, metals, mining, power, food & beverages, water and wastewater, pharmaceuticals, and others.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the World

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Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

LIST OF TABLES
TABLE 1 REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT
TABLE 2 REMOTE MONITORING AND CONTROL MARKET, BY END-USERS
TABLE 3 REMOTE MONITORING AND CONTROL MARKET, BY GEOGRAPHY
TABLE 4 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT
TABLE 5 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY END-USERS
TABLE 6 U.S REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT
TABLE 7 U.S. REMOTE MONITORING AND CONTROL MARKET, BY END-USERS
TABLE 8 CANADA REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT
TABLE 9 CANADA REMOTE MONITORING AND CONTROL MARKET, BY END-USERS
TABLE 10 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT
TABLE 11 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

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LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)
FIGURE 3 REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)
FIGURE 4 REMOTE MONITORING AND CONTROL MARKET, BY REGIONS (%)
FIGURE 5 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)
FIGURE 6 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)
FIGURE 7 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)
FIGURE 8 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)

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