Remote Terminal Units (RTUs) Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Jiangsu Acrel Electrical Manufacturing Co., LTD. Midwest Engineered Systems, Inc. Mitsubishi Electric Corp.

Remote terminal units (RTUs) market is anticipated to grow at a significant CAGR of 11.8% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as government initiatives for renewable energy integration, increased utilization in oil & gas, water & wastewater management sectors, the demand for real-time data monitoring and control systems, and increased focus on energy management and smart grids. According to the Global Smart Energy Federation (GSEF), the global smart grid market was at $100.3 billion in 2022 and is growing to approx. $185.6 billion by 2032.

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The remote terminal units (RTU) market is growing owing to the modernization of Supervisory Control and Data Acquisition (SCADA) systems. The increasing adoption of digital infrastructure and automation across industries such as oil & gas, power, and water management, the need for advanced RTUs has risen. SCADA modernization drives demand for RTUs that offer enhanced communication capabilities, real-time data processing, and improved interoperability with cloud-based platforms. Additionally, industries are shifting towards smart grids and renewable energy sources, which also require the deployment of modern RTUs. As SCADA systems evolve, RTUs enable more efficient and secure industrial processes.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Remote Terminal Units Market by Type
o Wired RTUs
o Wireless RTUs

Global Remote Terminal Units Market by End-User
o Oil & Gas
o Environmental Monitoring
o Manufacturing
o Smart Gird
o Communication & Telecommunications
o Others (Medical Monitoring)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o Middle East and Africa

Company Profiles
o ABB Ltd.
o Advantech Co., Ltd. (B+B SmartWorx, Inc.)
o ELVAC a.s.
o Enilit Ltd.
o Hitachi Energy Ltd.
o ICP DAS CO., LTD.
o Jiangsu Acrel Electrical Manufacturing Co., LTD.
o Midwest Engineered Systems, Inc.
o Mitsubishi Electric Corp.
o Moxa Inc.
o NR Electric Co., Ltd.
o Operation Technology, Inc.
o Power Automation Pte Ltd.
o QEI
o Remsdaq Ltd.
o Rockwell Automation, Inc.
o Schweitzer Engineering Laboratories, Inc.
o Terma Group
o Triangle MicroWorks, Inc.
o Zhuhai Gopower Smart Grid Co., LTD.

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global remote terminal units market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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