Global Industrial Remote Terminal Unit (Rtu) Market 2024-2028
The industrial remote terminal unit (rtu) market is forecasted to grow by USD 1047.1 mn during 2023-2028, accelerating at a CAGR of 5.62% during the forecast period. The report on the industrial remote terminal unit (rtu) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in sales and revenue with support of e-commerce, rising investments in shale oil and gas, and growing pipeline and terminal projects.
Technavio's industrial remote terminal unit (rtu) market is segmented as below:
By End-user
- Oil and gas industry
- Power generation industry
- Chemical and petrochemical industry
- Water and wastewater industry
- Others
By Product
- Wireless industrial RTU
- Wired industrial RTU
By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the increasing integration of iot as one of the prime reasons driving the industrial remote terminal unit (rtu) market growth during the next few years. Also, aging industrial assets in process industries and high growth potential in emerging economies will lead to sizable demand in the market.
The report on the industrial remote terminal unit (rtu) market covers the following areas:
- Industrial remote terminal unit (rtu) market sizing
- Industrial remote terminal unit (rtu) market forecast
- Industrial remote terminal unit (rtu) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial remote terminal unit (rtu) market vendors that include ABB Ltd., Advantech Co. Ltd., Arteche Lantegi Elkartea SA, Emerson Electric Co., Fanox Electronic SL, General Electric Co., Honeywell International Inc., INTECH Process Automation Inc., ISKRA elektro in sistemske resitve d.o.o, Midwest Engineered Systems Inc., Motorola Solutions Inc., NR Electric Co. Ltd., Pacemaker Solutions, Remsdaq Ltd., Rockwell Automation Inc., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Spectris Plc, and Yokogawa Electric Corp.. Also, the industrial remote terminal unit (rtu) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.