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Industrial Remote Terminal Unit (RTU) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Industrial Remote Terminal Unit (RTU) Market SizeThe global Industrial Remote Terminal Unit (RTU) revenue was US$ 819.2 million in 2022 and is forecast to a readjusted size of US$ 1096.3 million by 2029 with a CAGR of 4.2% during the forecast period (2023-2029).
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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.
This report focuses on global and India Industrial Remote Terminal Unit (RTU) market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Industrial Remote Terminal Unit (RTU) will continue to grow rapidly in the future.
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By Type
• Wireless Industrial RTU
• Wired Industrial RTU
By Application
• Oil and Gas Industry
• Chemical and Petrochemical Industry
• Power Generation Industry
• Water and Wastewater Industry
Key Companies
ABB, General Electric, Schneider Electric, Honeywell, Siemens, Emerson, Rockwell Automation, Motorola Solutions, Advantech, Yokogawa, Red Lion, Arteche, Iskra Sistemi, Schweitzer Engineering Laboratories, Dongfang Electronics
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