According to Technavio’s latest market research study, the global intelligent RTU market is expected to grow at a CAGR of close to 7% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global intelligent RTU market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
Source: Technavio
Click here to request a free sample of this report
The top three revenue contributing end-user segments are discussed below
Global intelligent RTU market for the oil and gas sector: RTU ensures the maintenance of safety and integrity of the pipeline and other equipment used in the oil and gas industry. The real-time tracking enables companies to control the production based on the market demand. Increased awareness about the advantages brought about by the adoption of RTUs is likely to be the primary driving force behind the growth of the market in the oil and gas sector.
“The adoption of smart water network enables the utilities to control the entire system using sensors networks and geographic information system. This allows utilities to monitor and evaluate the environment flow that can lead to a better decision-making for developing sustainable management of resources,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on smart grid.
Global intelligent RTU market for the power sector: The need for remote monitoring systems to efficiently manage the grid is a fundamental driver for the adoption of intelligent RTU in the power sector. The implementation of RTUs in the power generation sector is expected to experience steady growth due to the rapid growth of renewable plants globally as governments worldwide plan to increase the clean power generation and reduce greenhouse gases.
Global intelligent RTU market for water and wastewater sector: In the water and wastewater sector, RTUs are installed in the water pipelines to detect the leaks and reduce the water loss. They capture data and detect any anomalies in the water network and provide feedbacks in real time, unlike earlier where data were captured manually with the crew inspecting the pipelines. Its effective management of the water supply and continued service is expected to propel the demand for intelligent RTU from the water and wastewater sector in the coming years.
Ask an analyst to know more about this report
The top vendors operating in the global intelligent RTU market are:
- ABB
- GE Grid Solutions
- Honeywell
- Schneider
- Siemens Energy
Other prominent vendors in the market include RTU market include Advantech, eLynx Technologies, Emerson, Enbase Energy Technology, FF-Automation, GlobaLogix, Iskra Group, L&T Electrical & Automation, MOXA, Prestigious Discovery Sdn. Bhd., PT Arliscoputra Hantama, Schweitzer Engineering Laboratories, and Yokogawa Electric.
A more detailed analysis is available in the Technavio report titled, ‘Global Intelligent RTU Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Terminal Automation Market 2016-2020
- Global Remote Terminal Unit (RTU) in Smart Grid Market 2015-2019
- Global Energy Management Systems Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
