Over the next five years the Remote Terminal Unit (RTU) in Smart Grid market will register a 5.19% CAGR in terms of revenue, the global market size will reach USD 243.1 million by 2027.
Remote Terminal Unit (RTU) in Smart Grid Market Overview
Power consumption rates have been increasing speedily due to the spiking demands from industries and the rise in human populations. There has been a demand-supply mismatch in the power industry, causing frequent power outages. Also, solar and wind are variable wherein handling these power generation sources is difficult. Additionally, the rise in the use of electric vehicles has resulted in additional load on transmission and distribution assets. A smart grid provides two-way communication between a power utility and its customers using information and communication technologies. A SCADA system provides utility companies with the ability to remotely monitor and control network devices to achieve reliability. Real-time data are collected in smart grids with the help of sensors. This data is then sent to the control station through RTUs in a transmittable format. Several smart grid projects are underway to improve the global power grid infrastructure. The advent of smart grid projects will increase the demand for SCADA systems and, thus, drive the need for the intelligent remote terminal unit market.
The report aspects discussed the profile of the top manufacturers of the global Remote Terminal Unit (RTU) in Smart Grid market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Remote Terminal Unit (RTU) in Smart Grid Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in Remote Terminal Unit (RTU) in Smart Grid Market?
The Remote Terminal Unit (RTU) in Smart Grid Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes ABB, Schneider Electric, Siemens, Iskra Sistemi, General Electric, Honeywell, Schweitzer Engineering, Red Lion, Wescon Group, Dongfang Electronics, Nari Group, TopRank, Prestigious Discovery, Arliscoputra Hantama and others.
- Apr 8, 2022: SEL releases enhancements to Grid Configurator-
Schweitzer Engineering Laboratories (SEL) has released a substantial update to its SEL Grid Configurator software, with visual and functional enhancements that will make it easier for users to configure and review device settings.
- December 9, 2020 – Red Lion Controls announces the expansion of its SixTRAK line of industrial RTUs with the launch of ST-IPm-8460 powered by the Red Lion Workbench, which uses an IEC61131-3 compliant editor and runtime engine. Designed for applications that need increased processing and communication speed and storage, the new RTU provides the flexibility and reliability that customers require and expect from Red Lion to monitor and control equipment.
Remote Terminal Unit (RTU) in Smart Grid Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Remote Terminal Unit (RTU) in Smart Grid Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for Remote Terminal Unit (RTU) in Smart Grid Market?
By Type, it is segmented into
By Applications it is segmented into
- Power Plant
- Company Power Sector
Remote Terminal Unit (RTU) in Smart Grid Market Regional Analysis
27% of the growth will originate from the APAC region. The growing demand for energy will significantly drive intelligent remote terminal unit market growth in this region over the forecast period. China is an essential market for intelligent remote terminal units in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Remote Terminal Unit (RTU) in Smart Grid Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Remote Terminal Unit (RTU) in Smart Grid Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Remote Terminal Unit (RTU) in Smart Grid Market report scope?
Scope of the Report covers Remote Terminal Unit (RTU) in Smart Grid Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Remote Terminal Unit (RTU) in Smart Grid Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Report Attributes
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Report Details
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Forecast Period 2022 to 2027CAGR
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CAGR of 5.18% during the review period (2022 to 2027).
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By Type
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By Application
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- Power Plant
- Company Power Sector
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By Companies
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ABB, Schneider Electric, Siemens, Iskra Sistemi, General Electric, Honeywell, Schweitzer Engineering, Red Lion, Wescon Group, Dongfang Electronics, Nari Group, TopRank, Prestigious Discovery, Arliscoputra Hantama
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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134
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Remote Terminal Unit (RTU) in Smart Grid Report
- Evaluate Remote Terminal Unit (RTU) in Smart Grid market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Remote Terminal Unit (RTU) in Smart Grid market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Remote Terminal Unit (RTU) in Smart Grid Market is studied from 2017 - 2027.
What is the growth rate of Remote Terminal Unit (RTU) in Smart Grid Market?
The Remote Terminal Unit (RTU) in Smart Grid Market is growing at a CAGR of 5.18% over the next 5 years.
Who are the key players in Remote Terminal Unit (RTU) in Smart Grid Market?
Siemens, BOSCH THERMOTECHNIK, GE, E.ON, ABB, 2G Energy, BDR Thermea Group, Caterpillar, Centrica, CAPSTONE TURBINE CORP., DOOSAN FUEL CELL AMERICA, Edina, Ameresco, Exelon, E3 NV
What region does this Remote Terminal Unit (RTU) in Smart Grid Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Remote Terminal Unit (RTU) in Smart Grid Market?
Small, Medium, Large
What are the major end-use applications of Remote Terminal Unit (RTU) in Smart Grid Market?
Power Plant, Company Power Sector
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
