Global Intelligent Remote Terminal Unit Market 2018-2022 - ABB, General Electric, Honeywell, Schneider Electric, and Siemens are Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Intelligent Remote Terminal Unit Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global intelligent remote terminal unit market is expected to grow at a CAGR of 7.7% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing role of data analytics. Data analysis has been growing in industries owing to the increase in a number of connected devices, which has made it possible to capture and collect data from nearly any part of an asset.
According to the report, one driver in the market is growing adoption of renewables in power generation. Renewables energy sources have attached a great deal of interest over the past few years, owing to the increasing awareness about environmental and regulatory policies supporting renewable energy.
Further, the report states that one challenge in the market is high cost associated with installation and maintenance of RTUs. While there have been significant advances in the RTU functionality and features, RTU as a product is not subject to frequent upgrading. Even if there is a need for upgrading, end-users, particularly power utilities, are not keen on retrofitting the existing devices.
Key VendorsABB General Electric Honeywell Schneider Electric Siemens
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Customer Landscape
8. Market Segmentation by End-User
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/bj4w3q/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005200/en/
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Related Topics:Industrial Automation
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 08/20/2018 05:03 AM/DISC: 08/20/2018 05:03 AM