Global Intelligent Remote Terminal Unit Market 2024-2028
The intelligent remote terminal unit market is forecasted to grow by USD 2.23 bn during 2023-2028, accelerating at a CAGR of 7.18% during the forecast period. The report on the intelligent remote terminal unit 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 growing need for remote monitoring in industrial facilities, surging demand for IRTUS in grid modernization via smart grids, and increasing adoption of IRTUS in renewable power generation.
Technavio's intelligent remote terminal unit market is segmented as below:
By End-user
- Oil and gas
- Power generation
- Chemical
- Water and wastewater
- Others
By Type
- Wireless intelligent RTU
- Wired intelligent RTU
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the growing adoption of SCADA in water monitoring as one of the prime reasons driving the intelligent remote terminal unit market growth during the next few years. Also, increasing integration of internet of things (IoT) in industrial operations and high demand for IRTUS in emerging economies will lead to sizable demand in the market.
The report on the intelligent remote terminal unit market covers the following areas:
- Intelligent remote terminal unit market sizing
- Intelligent remote terminal unit market forecast
- Intelligent remote terminal unit 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 intelligent remote terminal unit market vendors that include ABB Ltd., Advantech Co. Ltd., Eaton Corp. Plc, Emerson Electric Co., Enilit Ltd., General Electric Co., Honeywell International Inc., ICP DAS CO. LTD., Kalki Communication Technologies Pvt. Ltd., Mitsubishi Electric Corp., Motorola Solutions Inc., Moxa Inc., Remsdaq Ltd., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Spectris Plc, WAGO GmbH and Co. KG, Westercom s.r.o, and Yokogawa Electric Corp.. Also, the intelligent remote terminal unit 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.