Intelligent Remote Terminal Unit Market was valued $ 1.68 Bn in 2022 and is expected to reach $ 2.53 Bn by 2029, at a CAGR of 6%.Intelligent Remote Terminal Unit Market Introduction
An intelligent remote terminal unit (iRTU) is a microprocessor-based electronic device used in industrial control systems (ICS) to connect various hardware to distributed control systems (DCS) or supervisory control and data acquisition (SCADA). RTUs are also referred to as remote telemetry units or remote tele-control units. RTUs pass sensor data from input streams in control loops to an output stream to be forwarded on to centralized control in an ICS. RTUs automatically negotiate connections to either local or remote controls. RTUs are part of the systems used in several processes, including Petrochemical (oil) and refineries, Nuclear power plants, Agriculture, Quality control, Chemical plants, Sewage treatment plants, and food processing.To Know About The Research Methodology :- Request Free Sample Report
Intelligent Remote Terminal Unit Market Dynamics
The advent of Digital Oilfields, Smart fields, or i-fields has led to an increase in the need to monitor, control, and automate various systems at remote oil and gas production sites to increase production, reduce the overall production cost, and reduce employee exposure. Control systems such as SCADA (Supervisory Control and Data Acquisition) using Remote Telemetry Units and Gateways are deployed to achieve these control functions. In addition, the increasing popularity of automation among various industries is helping the market to gain momentum. The RTU providers are focusing on developing more efficient solutions with the aim of gaining more customers and maximizing revenues. With the evolution of the era of big data, IoT technology is being more and more used and its architecture includes cloud computing and intelligent terminals which are dispersed geographically over a wide regional area. Examples are traffic monitoring networks as well as industrial applications in the oil, gas, and water industry. In all cases, intelligent RTUs are distributed across the area (oil wells, water pumping stations, gas pipelines). Their main task is to ensure a constant delivery process (of water, oil, or gas) and safe and cost-efficient plant operation to perform, optimize and monitor these tasks, relevant (big) data must be collected and in some cases pre-processed by the terminals and RTUs respectively. The information is then sent to the cloud through wireless communication using Wi-Fi / 3G/ Zigbee technologies. Intelligent Remote Terminal Unit (iRTU) not only reduces the loading of the cloud but also reduce the communication bandwidth. As a key element of IoT solution, iRTU is usually used to master all the conditions in the field site.Intelligent Remote Terminal Unit Market Segment Analysis
Various types of interactive kiosks have been emerging lately, from the airport to the post office to restaurants. Numerous businesses are leveraging interactive technology based on embedded software development in order to establish effective digital communication with their customers. An interactive kiosk is a hardware device with specialized integrated software and an intuitive interface that provides engaging information and enables users to conduct certain transactions. Being highly customizable, digital kiosks can act as remote representatives of companies in various sectors, replacing a range of services that are traditionally carried out manually such as Making payments (via card or cash), Providing help information, Placing orders and Buying retail goods. Interactive kiosks in retail are transforming how businesses connect with their customers. Retail businesses can now promote loyalty schemes, display a range of goods tailored to each customer and streamline the payment process. Interactive kiosks not only increase ROI for businesses but also improve the customer experience. This in turn helps to create brand loyalty and increase sales. With the evolution of the era of big data, Internet of Things (IoT) technology is being widely used and its architecture contains cloud computing and intelligent terminals. With oil and gas operations reflected in the production architecture, intelligent terminals are distributed across the oil wells and pipelines. To handle delivery tasks in the field, it can collect the relevant data, and send the information back to the cloud server through wired or wireless transmission. Intelligent RTUs are responsible for collecting and analyzing local data, reducing the load of center handling data, working with the other devices, taking the initiative to report data, status and provide alarms. The oil, gas and water industries can use cloud technology to remotely monitor the production process, data reporting, online planning, equipment diagnosis and so on, effectively improving efficiency and reducing costs.Intelligent Remote Terminal Unit Market Regional Insights
APAC will offer several growth opportunities to market vendors in the iRTU market during the forecast period. The growing demand for energy will significantly drive intelligent remote terminal unit market growth in this region over the forecast period. Almost 27% of the market’s growth is expected to originate from APAC during 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 Europe is likely to dominate the market for intelligent remote terminal unit from 2022 to 2029, followed by North America.Intelligent Remote Terminal Unit Market Report Scope: Inquire before buying
Global Intelligent Remote Terminal Unit Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.68 Bn. Forecast Period 2023 to 2029 CAGR: 6% Market Size in 2029: US $ 2.53 Bn. Segments Covered: by End User Oil & Gas Chemical & Petrochemical Power Generation Water & Waste Water (W&WW) Treatment by Type Interactive Kiosks Interactive Video Wall Interactive Flat-Panel Display Interactive Whiteboard Interactive Monitor Intelligent Remote Terminal Unit Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Intelligent Remote Terminal Unit Market Key Players are:
1. ABB 2. GE Grid Solutions, LLC 3. Honeywell International Inc. 4. Schneider Electric SE 5. Siemens Energy 6. Advantech Co., Ltd. 7. Dorsett Technologies 8. Emerson Electric Co 9. FF-Automation 10.General Electric 11.Honeywell International Inc. 12.L&T Electrical & Automation Frequently Asked Questions: 1. Which region has the largest share in Global Intelligent Remote Terminal Unit Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Intelligent Remote Terminal Unit Market? Ans: The Global Intelligent Remote Terminal Unit Market is growing at a CAGR of 6% during forecasting period 2023-2029. 3. What is scope of the Global Intelligent Remote Terminal Unit market report? Ans: Global Intelligent Remote Terminal Unit Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Intelligent Remote Terminal Unit market? Ans: The important key players in the Global Market are – ABB, GE Grid Solutions, LLC, Honeywell International Inc., Schneider Electric SE, Siemens Energy, Advantech Co., Ltd., Dorsett Technologies, Emerson Electric Co, FF-Automation, General Electric, Honeywell International Inc., L&T Electrical & Automation, and 5. What is the study period of this market? Ans: The Global Intelligent Remote Terminal Unit Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Intelligent Remote Terminal Unit Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Intelligent Remote Terminal Unit Market 3.4. Geographical Snapshot of the Intelligent Remote Terminal Unit Market, By Manufacturer share 4. Global Intelligent Remote Terminal Unit Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Intelligent Remote Terminal Unit Market 5. Supply Side and Demand Side Indicators 6. Global Intelligent Remote Terminal Unit Market Analysis and Forecast, 2022-2029 6.1. Global Intelligent Remote Terminal Unit Market Size & Y-o-Y Growth Analysis. 7. Global Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Interactive Kiosks 7.1.2. Interactive Video Wall 7.1.3. Interactive Flat-Panel Display 7.1.4. Interactive Whiteboard 7.1.5. Interactive Monitor 7.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 7.2.1. Oil & Gas 7.2.2. Chemical & Petrochemical 7.2.3. Power Generation 7.2.4. Water & Waste Water (W&WW) Treatment 8. Global Intelligent Remote Terminal Unit Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Interactive Kiosks 9.1.2. Interactive Video Wall 9.1.3. Interactive Flat-Panel Display 9.1.4. Interactive Whiteboard 9.1.5. Interactive Monitor 9.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 9.2.1. Oil & Gas 9.2.2. Chemical & Petrochemical 9.2.3. Power Generation 9.2.4. Water & Waste Water (W&WW) Treatment 10. North America Intelligent Remote Terminal Unit Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 12. Canada Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 13. Mexico Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 14. Europe Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 15. Europe Intelligent Remote Terminal Unit Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 17. France Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 18. Germany Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 19. Italy Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 20. Spain Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 21. Sweden Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 22. CIS Countries Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 23. Rest of Europe Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 24. Asia Pacific Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 25. Asia Pacific Intelligent Remote Terminal Unit Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 27. India Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 28. Japan Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 29. South Korea Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 30. Australia Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 31. ASEAN Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 32. Rest of Asia Pacific Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 33. Middle East Africa Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 34. Middle East Africa Intelligent Remote Terminal Unit Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 36. GCC Countries Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 37. Egypt Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 38. Nigeria Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 39. Rest of ME&A Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 40. South America Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 41. South America Intelligent Remote Terminal Unit Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 43. Argentina Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 44. Rest of South America Intelligent Remote Terminal Unit Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Intelligent Remote Terminal Unit Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. ABB 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. GE Grid Solutions, LLC 45.3.3. Honeywell International Inc. 45.3.4. Schneider Electric SE 45.3.5. Siemens Energy 45.3.6. Advantech Co., Ltd. 45.3.7. Dorsett Technologies 45.3.8. Emerson Electric Co 45.3.9. FF-Automation 45.3.10. General Electric 45.3.11. Honeywell International Inc. 45.3.12. L&T Electrical & Automation 45.3.13. Other Key Players