Global Intelligent Remote Terminal Unit Overview
A Intelligent Remote Terminal Unit (RTU) is defined as a microprocessor-controlled electronic device. It interfaces objects in the physical world to a distributed control system or SCADA (supervisory control and data acquisition) system. RTUs are used to collect data from field equipment and communicate the commands from the master device. RTUs are used in substations to raise automation, leading to the optimal distribution of power. RTUs also helps to improve any irregularity that can result in loss of power in transmission and distribution (T&D), improving power quality and reliability reducing equipment damage. RTUs has a wide range of applications in water treatment and distribution plants, power T&D, and monitoring and controlling of oil and gas lines.Intelligent Remote Terminal Unit Market accounted for US$ 5.9 Billion in 2022 and is estimated to be US$ 11.1 Billion by 2032 and is anticipated to register a CAGR of 6.2%.
With the evolution of the era of big data, internet of things (IoT) technology is being widely used and thus, driving growth of the global intelligent remote terminal unit market. In recent years, workers needed to regularly monitor larger oilfield zones. The use of intelligent terminal unit can easily identify status of equipment, and greatly reduce costs of man power. Thus, boosting growth of the target market. Additionally, rise in the use of electric vehicles has resulted in additional load on transmission and distribution assets which is expected to propel growth of the global market over the forecast period. A smart grid enables two-way communication between a power utility and its customers using information and communication technologies. Several smart grid projects are on the way to improve the global power grid infrastructure. Therefore, the use of smart grid projects will increase the demand for SCADA systems and thus, propel the demand for global intelligent remote terminal unit market. However, some uncertainties associated with low crude oil prices are the major factor restraining growth of the target market. Nevertheless, growing adoption of renewables in power generation is one of the major trends being witnessed in the global market owing to the growing awareness about the environment and regulatory policies supporting renewable energy.
The global intelligent remote terminal unit market is segmented based on type, application, and region.
On the basis of type, the global market is segmented into interactive kiosks, interactive whiteboard, interactive table, interactive video wall, interactive monitor, and interactive flat-panel display. Based on application, the target market is divided into oil and gas industry, chemical and petrochemical industry, power generation industry, and water & wastewater industry. The oil and gas application segment held the largest market share in 2018, and is expected to dominate the global market over the forecast period.
On the basis of region, the global intelligent remote terminal unit market is categorized into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is leading the global market in terms of revenue share. The revenue share occupied by this region is anticipated to decrease over the forecast period. North America, Latin America, and Middle East & Africa are expected to show a significant growth for the global market over the forecast period.
The key players operating in the global intelligent remote terminal unit market includes ABB Ltd., GE Grid Solutions, LLC, Honeywell, Inc., Schneider Electric S.E., Siemens Energy, Inc., Advantech Corp., Ltd., eLynx Technologies, LLC, Emerson Electric S.E., Enbase Energy Technology, Inc., and FF-Automation.
Global Intelligent Remote Terminal Unit Table of Contents
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Global Intelligent Remote Terminal Unit Market, By Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Interactive Kiosks
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Interactive Whiteboard
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Interactive Table
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Interactive Video Wall
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Interactive Monitor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Interactive Flat-Panel Display
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Intelligent Remote Terminal Unit Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Oil and Gas Industry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Chemical and Petrochemical Industry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Power Generation Industry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Water & Wastewater Industry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Retail and Ecommerce Sector
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Intelligent Remote Terminal Unit Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- ABB Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- GE Grid Solutions, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Honeywell, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Schneider Electric S.E.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Siemens Energy, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Advantech Corp., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- eLynx Technologies, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Emerson Electric S.E.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Enbase Energy Technology, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- FF Handels GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ABB Ltd.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Intelligent Remote Terminal Unit Market is segmented into Type, Application, and Region.
Growing demand for smart grid solutions, emphasis on real-time monitoring and control in industrial applications, and the adoption of intelligent RTUs for efficient data acquisition drive the growth of the intelligent remote terminal unit market globally.
Challenges include potential cyber security risks, integration complexities with diverse systems, and the need for standardization in communication protocols, posing global restraints in the intelligent remote terminal unit market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, ABB Ltd., GE Grid Solutions, LLC, Honeywell, Inc., Schneider Electric S.E., Siemens Energy, Inc., Advantech Corp., Ltd., eLynx Technologies, LLC, Emerson Electric S.E., Enbase Energy Technology, Inc., and FF-Automation.