Intelligent Remote Terminal Unit Market to Witness Increase in Revenues by 2028

Remote terminal unit (RTU) is a control device that help the master device, SCADA, to monitor and communicate with devices in the grid placed in different geographical locations. These are used in a broad range of electrical and process automation devices wherever SCADA is required to monitor and control the equipment as well as collect data from the field equipment and communicate the commands from the master device. This process can be done through a the connection called wired connection (telephone line, cables, or Ethernet) or wireless connection. The data is sent to the operator so that they get aware of the complete grid situation and make settings in the grid. Intelligent remote terminal units are deployed in substations to increase automation, which leads the optimal distribution of power. They also correct any anomalies that reducing equipment damage and  can result in loss of power in transmission and distribution (T&D), and improving power quality and reliability.

RTUs can be used in water treatment distribution plants, and power T&D, and monitoring and controlling of oil and gas lines.

The Intelligent Remote Terminal Unit market is witnessing strong growth owing to increasing cross-border interconnections, growing grid modernization, and increasing grid monitoring. In addition, continuous rise in process automation is one of the key growth opportunity drivers for this market. The increasing use of intelligent remote terminals in on shore and off shore platforms, mine sites and air traffic navigation aids, and environmental monitoring systems are further expected to lead the market growth.  Furthermore, presence of oil and gas industries in middle east and European regions also boost demand for ITRU in these regions. However, the fact that this frequent upgradation of old SCADA systems and high capital in the initial stages is expected to deter the market growth to some extent.

Get PDF Sample copy: https://www.envisageresearch.com/sample/EMR100234/

The market has been segmented based on the basis of end-user and region. Based on the end-user, the market is segmented as water and wastewater sector, oil and gas sector, power sector. Based on region, the global Intelligent Remote Terminal Unit Market can be divided into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand in Asia-Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, this growth is attributed to the rapid digitalization especially in emerging economies such as India coupled with rapid industrialization. The markets in various other developing economies such as Brazil, Russia and Korea among others are also predictable to witness a rapid growth throughout the forecast period. Moreover this, increassing per capita disposable income and surge in the global economy is another key factor which is anticipated to

Key players operating in the global market are focused on some of the major market strategies such as collaborations and acquisitions, mergers, partnerships, in order to keep hold in the ever competitive global market. In addition, they are concentrating on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Some of the major players in the global market include ABB, GE Grid Solutions, Honeywell, Schneider, Siemens Energy, Emerson, Advantech, Enbase Energy Technology, PT Arliscoputra Hantama, Yokogawa Electric.

The market has been segmented

Based on the basis of end-user
• Water
• Waste water sector
• oil and gas sector
• power sector

Based on region 
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

Buy this Report: https://www.envisageresearch.com/buy/EMR100234/

About Us:

Envisage Market Research is the leading provider of custom and syndicated market research reports. Our team of expert analysts offers end-to-end consulting services, along with 80% of the Fortune 500+ companies in the recent past. We are focused to deliver market research report solutions to small and medium enterprises.

Envisage Market Research has steadily grown to become a trusted market research partner for clients across the globe. We are majorly focused to serve a wide range of industrial insights, including automotive & transportation, technology, consumer products, automation and equipment, food & beverages, services & utilities, chemicals & materials, energy, mining, and oil & gas.

Contact Us:

Envisage Market Research

Email: sales@envisageresearch.com

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *