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Global Intelligent Remote Terminal Unit Market 2018-2022| Growing Need for Grid Modernization Via Smart Grids to Boost Demand| Technavio

August 2, 2018

Technavio has published a new market research report on the global intelligent remote terminal unit market from 2018-2022.

LONDON--(BUSINESS WIRE)--Aug 2, 2018-- analysts forecast the global intelligent remote terminal unit market to grow at a CAGR of nearly 8% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global intelligent remote terminal unit market from 2018-2022.

The growing adoption of renewables in power generation is one of the major trends being witnessed in the . Renewable energy sources have attracted a great deal of interest over the past few years, owing to the increasing awareness about the environment and regulatory policies supporting renewable energy. While hydropower continues to be a favorable renewable energy resource, solar and wind energy are some of the fastest growing renewable energy sources attracting high investments in several countries.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global intelligent remote terminal unit market is the growing need for grid modernization via smart grids:

Global intelligent remote terminal unit market: Growing need for grid modernization via smart grids

A smart grid provides two-way communication between a power utility and its customers using the information and communication technology. A SCADA system forms an integral part of a smart grid, as it provides the utility company 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. The data are then sent to the control station through RTUs in a format that is transmittable. With the help of algorithms, the data are analyzed for making automated decisions in real-time.

According to a senior analyst at Technavio for research on smart grid, “Power consumption has been growing at a rapid pace due to the increased demand from industries, combined with the rise in population. This has led to a demand-supply mismatch, causing frequent power outages. Additionally, as the solar and wind are variable power generation sources, they do not generate reliable power, owing to which, managing these power generation sources is difficult.”

Global intelligent remote terminal unit market: Segmentation analysis

The global intelligent remote terminal unit market research report provides market segmentation by end-user (oil and gas, power, chemical and petrochemical, and W&WW) and by region (the Americas, EMEA, and APAC). It also provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The oil and gas segment held the largest market share in 2017, accounting for nearly 33% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 43% of the market share. The market share occupied by this region is anticipated to decrease during 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/02/2018 01:29 PM/DISC: 08/02/2018 01:28 PM

http://www.businesswire.com/news/home/20180802005733/en

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