Global Remote Terminal Unit (RTU) in Smart Grid Market Growth 2023-2029

Global Remote Terminal Unit (RTU) in Smart Grid Market Growth 2023-2029

Remote Terminal Unit (RTU) is a device installed at a remote location that collects data, codes the data into a format that is transmittable and transmits the data back to a central station, or master. An RTU also collects information from the master device and implements processes that are directed by the master. RTUs are equipped with input channels for sensing or metering, output channels for control, indication or alarms and a communications port.

In a smart grid, the remote terminal unit can collects the data of the electric power condition and transmits the data to the station. Today, RTU is a necessary part in the smart grid and transformer substations.

LPI (LP Information)' newest research report, the “Remote Terminal Unit (RTU) in Smart Grid Industry Forecast” looks at past sales and reviews total world Remote Terminal Unit (RTU) in Smart Grid sales in 2022, providing a comprehensive analysis by region and market sector of projected Remote Terminal Unit (RTU) in Smart Grid sales for 2023 through 2029. With Remote Terminal Unit (RTU) in Smart Grid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Remote Terminal Unit (RTU) in Smart Grid industry.

This Insight Report provides a comprehensive analysis of the global Remote Terminal Unit (RTU) in Smart Grid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Remote Terminal Unit (RTU) in Smart Grid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Remote Terminal Unit (RTU) in Smart Grid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Remote Terminal Unit (RTU) in Smart Grid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Remote Terminal Unit (RTU) in Smart Grid.

The global Remote Terminal Unit (RTU) in Smart Grid market size is projected to grow from US$ 70 million in 2022 to US$ 81 million in 2029; it is expected to grow at a CAGR of 81 from 2023 to 2029.

Global remote terminal unit (RTU) in Smart Grid key players include General Electric, ABB, Schneider Electric, Honeywell, Siemens, etc. Global top five manufacturers hold a share over 60%.

North America is the largest market, with a share over 30%, followed by EU and Asia (ex. China), both have a share over 45%.

In terms of product, medium size is the largest segment, with a share over 45%. And in terms of application, the largest application is power lant, followed by company power sector, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Remote Terminal Unit (RTU) in Smart Grid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Wired RTU

Wireless RTU

Segmentation by application

Power Plant

Company Power Sector

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ABB

Schneider Electric

Siemens

Iskra Sistemi

General Electric

Honeywell

Schweitzer Engineering

Red Lion

Wescon Group

Dongfang Electronics

Nari Group

TopRank

Prestigious Discovery

Arliscoputra Hantama

Kalkitech

Motorola Solutions

NR Electric Co

Arteche

Hitachi Energy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Remote Terminal Unit (RTU) in Smart Grid market?

What factors are driving Remote Terminal Unit (RTU) in Smart Grid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Remote Terminal Unit (RTU) in Smart Grid market opportunities vary by end market size?

How does Remote Terminal Unit (RTU) in Smart Grid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.