Press release
Industrial Remote Terminal Unit (RTU) Market Share, Growth by Business Developments 2022 to 2027 - ABB, General Electric, Schneider Electric, Honeywell
The Industrial Remote Terminal Unit (RTU) market research report covers detailed information about market definitions and its classification, along with, global segmentation for the market, product overview, and industry outline. In addition, the research report offers a critical analysis of market dynamics, a detailed study of key regional trends, and further delivers country-level market scope and revenue of the Industrial Remote Terminal Unit (RTU) Industry. Moreover, the Industrial Remote Terminal Unit (RTU) market report holds industry regulatory policies, drivers, restrains, chances, and challenges, which helps market competitors to take their tactical decisions. The report consists of present as well as prediction data for the period from 2022 to 2028, and also it provides CAGR, which is measured for global as well as regional markets and individual segment. Additionally, the report covers data of key market players and its competitive landscape.In 2020, the global Industrial Remote Terminal Unit (RTU) market size was US$ 786.2 million and it is expected to reach US$ 1048.6 million by the end of 2027, with a CAGR of 4.2% during 2021-2027.
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Key players of the global Industrial Remote Terminal Unit (RTU) Market are
ABB, General Electric, Schneider Electric, Honeywell, Siemens, Emerson, Rockwell Automation, Motorola Solutions, Advantech, Yokogawa, Red Lion, Arteche, Iskra Sistemi, Schweitzer Engineering Laboratories, Dongfang Electronics, and Others.
Market Overview and Regional Analysis
A remote terminal unit (RTU) is a microprocessor-controlled electronic device that interfaces objects in the physical world to a distributed control system or SCADA (supervisory control and data acquisition) system by transmitting telemetry data to a master system, and by using messages from the master supervisory system to control connected objects.
The Industrial Remote Terminal Unit (RTU) market competition will be still intense, including many prominent vendors with products that have a wide scope of applications. ABB is the leading manufacturer in the global Industrial Remote Terminal Unit (RTU) market with the market share of 9.59%, in terms of revenue, followed by General Electric, Schneider Electric, Honeywell, Siemens, Emerson, Rockwell Automation, Motorola Solutions, Advantech, Yokogawa, Red Lion, Arteche, Iskra Sistemi, Schweitzer Engineering Laboratories and Dongfang Electronics. The top 15 above companies accounted for 80% of the market share in 2019. The big vendors have a large portfolio of grid-related products, which can be customized depending on customer needs, making the market competitive. This is a challenge for medium and small vendors.
Due to the influence of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The market study report covers pre-Covid-19 data for the Industrial Remote Terminal Unit (RTU) market in years 2018 and 2019. Additionally, the report covers forecast Covid-19 data from 2020 to 2028, which provides future outlook of the market for the manufacturers and suppliers.
Types of the market are
Wireless Industrial RTU
Wired Industrial RTU
Applications of the market are
Oil and Gas Industry
Chemical and Petrochemical Industry
Power Generation Industry
Water and Wastewater Industry
Others
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Regions covered By Industrial Remote Terminal Unit (RTU) Market Report are
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
The Industrial Remote Terminal Unit (RTU) market report highlights are
- A comprehensive evaluation of all opportunities and risks in the market.
- Industrial Remote Terminal Unit (RTU) market current developments and significant occasions.
- A deep study of business techniques for the development of the market-driving players.
- Conclusive study about the improvement plot of the market for approaching years.
- Top to bottom approach of market-express drivers, targets, and major littler scale markets.
Browse full report description here
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Important Features and Key Highlights of the Industrial Remote Terminal Unit (RTU) Market Reports
- Comprehensive overview of Industrial Remote Terminal Unit (RTU) Market
- Changing market dynamics of the industry
- Detailed market segmentation by Type, Application, etc.
- Past, present, and predictable market size in terms of volume and value
- Current industry trends and developments
- Competitive landscape of Industrial Remote Terminal Unit (RTU) market
- Plans of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
Free customization of the Industrial Remote Terminal Unit (RTU) market report: This report can be further customized according to the client's specific requirements. No additional charges will be added for limited additional research.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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