Industrial Remote Terminal Unit Market Scope, Share, Growth, Overview and Forecast to 2021

According to Publisher’s research analysis, the rise in shale oil and gas production will be one of the major factors that will have a positive impact on the global industrial remote terminal unit (RTU) market during the forecast period. The shale oil and gas production has raised the investments in fracking in countries such as the US, Canada, Nigeria, and China. The market growth for shale oil and gas in Asia, particularly in China has expanded the business opportunities for industrial RTU. The constant production of shale oil and gas in China is likely to reach 3 billion cubic feet per day of shale gas by 2020.

The production activities to get to this target will offer opportunities for the growth of the global industrial RTU market. Also, the rising shale oil and gas operations and developments in industrial RTUs with substantial improvements in wireless communication have propelled the market for industrial RTU in shale extraction and production. Our analysts have predicted that this market will grow at a CAGR of more than 7% by 2021.

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Key vendors:
-Emerson
-Honeywell
-Schneider Electric
-Siemens
-Yokogawa

Other prominent vendors:
-ABB
-Advantech
-ARTECHE
-Rockwell Automation
-Schweitzer Engineering Laboratories

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Market Driver:
-Increase in sales and revenue with the support of e-commerce
-For a full, detailed list, view our report

Market Challenge:
-Excessive cost of installation and maintenance services
-For a full, detailed list, view our report

Market Trend:
-Increasing integration of IoT
-For a full, detailed list, view our report

For More Information About This Report: http://www.reportsweb.com/global-industrial-remote-terminal-unit-market-2017-2021

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