ABB, GE Digital Energy, and Honeywell are three key vendors highlighted in a new Technavio report
London, 21 September 2015 – Technavio has published a new report on the global remote terminal unit in (RTU) smart grid market, which is expected to grow at a CAGR of more than 5% from 2015-2019.
Remote terminal unitin smart grid market segmentation including application and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including distribution sector, generation sector and transmission sector.
Additionally, analysts have segmented market projections by key geography, focusing on the APAC region, EMEA, and the Americas.
“RTU devices are designed to meet all the recent safety standards, making them less vulnerable to cyberattacks, thus reducing system failures and increasing grid reliability. These improvements in technology will create demand for RTUs in smart grids in the forecast period,” says Faisal Ghaus, Vice President of Technavio.
Remote terminal unitin smart grid: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global remote terminal unitin smart grid market from 2015-2019. A detailed study of the geographical segmentation (the Americas, EMEA, and APAC) and the revenue and growth patterns of RTUs are further provided in this report.
Industry analysis includes:
Key Vendors:
- ABB
- GE Digital Energy
- Honeywell
- Schneider Electric
- Siemens Energy
Market Growth Drivers:
- Increase in substation automation and control
- Heavy investments in smart grids
Market Challenges:
- Reluctance of utilities to retrofit existing switchgear and control devices
- Need to meet industry standards
Market Trends:
- Advances in technology
- Infrastructure improvements in developing countries
View the global remote terminal unitin smart grid market report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
