A remote terminal unit (RTU) is a microprocessor-controlled electronic device that interfaces objects in the physical world to a distributed control system or SCADA(supervisory control and data acquisition) system by transmitting telemetry data to a master system, and by using messages from the master supervisory system to control connected objects.
The global Industrial Remote Terminal Unit (RTU) market is forecasted to keep the trend and expand to $ 1169.60 million by 2025 from $ 813.25 million in 2019, growing at a CAGR of 6.24% from 2019 to 2025. Industrial Remote Terminal Unit (RTU) continues to gain popularity as it play a crucial role in monitoring and controlling of the grid.
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 9.58%, 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 listed companies accounted for 78% of the market share in 2018. 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.
Although Industrial Remote Terminal Unit (RTU) market still brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
The Global Industrial Remote Terminal Unit (RTU) Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.
As the report focuses on global Industrial Remote Terminal Unit (RTU) Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following 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
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Wireless Industrial RTU
Wired Industrial RTU
In Market segmentation by applications :
Oil and Gas Industry
Chemical and Petrochemical Industry
Power Generation Industry
Water and Wastewater Industry
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Industrial Remote Terminal Unit (RTU) Market for the forecast period 2020 - 2026?
• What are the driving forces in the Industrial Remote Terminal Unit (RTU) Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Industrial Remote Terminal Unit (RTU) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?