Press release
Lower Upfront Investment Costs Needed For the Implementation of “Global Remote Monitoring and Control Market By 2024”
Global Remote Monitoring and Control Market
Years considered for this report:
• Historical Year: 2015
• Base Year: 2016
• Estimated Year: 2017
• Forecast Period: 2017–2024
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Global Remote Monitoring and Control Market, By Type {Solutions (Supervisory control and data acquisition, Emergyency Shutdown system), Field Instruments(Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter)}, By Industry(Oil & Gas , Power Generation, Water & Wastewater, Chemicals , Pulp & Paper , Metals & Mining , Food & Beverages, Others) (By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Remote monitoring and control systems are those that provide assistance to control the large and complex facilities power plants, production lines, network operations air terminals with automation. Remote monitoring and control frameworks may get information from the sensors, telemetry streams, client inputs, and pre-programmed procedures. Remote monitoring and control is applied in many fields such as smart grids, pipeline sensors, positive train control, patient monitoring, desktop/ server monitoring, structural health monitoring, and also smart grids.
Market Competitors:
Some of the major players operating in Remote Monitoring and Control Market are Abb Ltd., Azbil Corporation, Brooks Instruments, Danfoss, Dwyer Instruments, Inc., Emerson Electric Co., Endress+Hauser Ag, Fuji Electric Co., Ltd., General Electric Co., Hima Paul Hildebrandt Gmbh, Hitachi Ltd., Honeywell International Inc., Iconics Inc., Johnson Controls Inc., Krohne Messtechnik Gmbh, Mitsubishi Electric Corp., Omron Corporation, Proserv Ingenious Simplicity, Rockwell Automation Inc., Schneider Electric Se, Siemens Ag, Sierra Instruments Inc., Vega Grieshaber Kg, Wika Alexander Wiegand Se & Co. Kg, and Yokogawa Electric Corporation., Among others.
Market Segmentation:
On the basis of type, the Remote Monitoring and Control Market is segmented into Solutions and filed instruments. The solutions market is further segmented into Supervisory Control and Data Acquisition (SCADA) and Emergency Shutdown System. The Supervisory Control and Data Acquisition (SCADA) market is further sub-segmented into Human–Machine Interface (HMI), Remote Terminal Unit (RTU), Communication System and Programmable Logic Controller (PLC). The Programmable Logic Controller (PLC) market is further sub-segmented into Pneumatic, Electrical/Hardwired, Fiber Optic and Radio Telemetry. Communication System market is further sub segmented into Wired Communication System and Wireless Communication System.
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On the basis of Industry the Remote Monitoring and Control Market is segmented into Oil & Gas , Power Generation, Water & Wastewater, Chemicals , Pulp & Paper , Metals & Mining , Food & Beverages, and Others and oil & gas is expected to grow in the forecasted period.
Key Drivers:
• Growing demand for industrial automation
• Increasing demand for industrial mobility for remotely managing the industrial process
• Optimum utilization of assets
• Increasing awareness about energy efficiency
• Government pressure for the environment friendly industries
• Lower upfront investment costs needed for the implementation
Key Points:
Remote Monitoring and Control Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America..
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