Global Intelligent Remote Terminal Unit Market by Type (Wireless intelligent RTU, Wired intelligent RTU), By Application (Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, Water and Wastewater Industry) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Intelligent Remote Terminal Unit Market size is expected to grow at a CAGR of 4.5% for the period 2021-2028. Rising demand from downstream sectors coupled with technological advancements in RTUs is some of the major factors driving the growth of this market during the forecast period. The wireless intelligent RTU segment is anticipated to lead this market owing to its high cost-effectiveness and convenience over wired units.

The Intelligent Remote Terminal Unit (RTU) is a device intended to monitor and control remote equipment. It provides the interface between sensors, PLCs, or other devices in an industrial plant and the host system, which may be a supervisory computer or another RTU at another location.

On the basis of Types, the market is segmented into Wireless Intelligent RTU and Wired Intelligent RTU. The Wired intelligent RTU segment is projected to dominate the market throughout the forecast period due to its various advantages over wireless units such as high security, higher reliability, low latency, etc.

Wireless Intelligent RTU:

Wireless Intelligent RTU can be defined as a remote terminal unit that works on the principle of wireless communication. It is a device that manages and controls other devices in an industrial plant based on instructions from a central location. In this way, Wireless Intelligent RTU helps to monitor all the equipment within a networked system by collecting data from sensors or input modules at different points around its area of responsibility.

Wired Intelligent RTU:

The wired remote terminal unit (RTU) enables the connection of devices that are located in hard-to-reach areas. It consists of a base station that collects data from sensors and sends it over existing communication networks, usually using standard protocols such as Modbus or LonWorks network protocol.

On the basis of Application, the market is segmented into Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, Water and Wastewater Industry. The demand for the intelligent RTU is expected to increase in the oil & gas industry due to the increasing need for energy harvesting devices at remote locations.

Oil & Gas Industry:

The use of intelligent remote terminal units in oil and gas is to monitor the equipment. Remote terminal units help determine when there’s a problem with any equipment, as well as ensure smooth operations. It is used to monitor and control the transfer of fluids from a well. The remote terminal unit helps send alarms if any process parameter goes outside the set range or there is an irregularity in the data flow.

Chemical and Petrochemical Industry:

The use of Intelligent Remote Terminal Unit in the Chemical and Petrochemical Industry includes automatic remote monitoring, process optimization, energy conservation, etc.

Power Generation:

Intelligent Remote Terminal Unit is used in Power Generation to collect and process data from the field. This enables plants operators to monitor, control and maintain power generation equipment such as generators, turbines, or transformers more efficiently by providing accurate information on the state of their operations at all times.

Water and Wastewater Industry:

There are multiple uses of Intelligent Remote Terminal Unit in the Water and Wastewater Industry. Some common uses include-

• Automated Meter Reading (AMR) & Leak Detection
• AMR helps utility companies to keep track of the meters, which helps them minimize revenue loss due to inaccurate billing by reducing human errors including wrong meter readings or no readings at all for months together.
• Leak detection is done using pressure sensors that detect drops in pressure while water flows through a pipeline system, indicating possible leaks along the line.

On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North American region is anticipated to be the early adopters of intelligent remote terminal units in the water and wastewater industry during the forecast period 2021-2028 due to stringent environmental regulations by government authorities with an increasing number of industries for efficient management of resources.

Asia Pacific countries are also expected to show positive market growth over the next eight years owing to the rapidly growing manufacturing sector coupled with the high demand for a clean environment regulated by local governments.

The European region presents a moderate opportunity for intelligent remote terminal unit manufacturers as it comprises developed economies that have already adopted the latest technologies required for improving resource management practices through IRTU systems’ installation at their plants or facilities.

Growth Factors For The Global Intelligent Remote Terminal Unit Market:

The growth of the global intelligent remote terminal unit market is expected to be driven by various factors such as growing demand for uninterrupted power supply, an increasing number of smart grid projects across the world, and a rising need for data acquisition. Furthermore, an increase in focus toward energy conservation due to hikes in oil prices are also some key drivers that will contribute towards the expanding share of this market over coming years.

Up Market Research published a new report titled “Intelligent Remote Terminal Unit Market research report which is segmented by Types (Wireless intelligent RTU, Wired intelligent RTU), By Applications (Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, Water and Wastewater Industry), By Players/Companies ABB, GE Grid Solutions, Honeywell, Schneider, Siemens Energy, Advantech, eLynx Technologies, Emerson, Enbase Energy Technology, FF-Automation, GlobaLogix, Iskra Group, L&T Electrical & Automation, MOXA, Prestigious Discovery, PT Arliscoputra Hantama, Schweitzer Engineering Laboratories, Yokogawa Electric”.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Intelligent Remote Terminal Unit Market Report Segments:

The market is segmented by Type Wireless intelligent RTU, Wired intelligent RTU and By Application Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, Water and Wastewater Industry.

Some of the companies that are profiled in this report are:

1. ABB
2. GE Grid Solutions
3. Honeywell
4. Schneider
5. Siemens Energy
6. Advantech
7. eLynx Technologies
8. Emerson
9. Enbase Energy Technology
10. FF-Automation
11. GlobaLogix
12. Iskra Group
13. L&T Electrical & Automation
14. MOXA
15. Prestigious Discovery
16. PT Arliscoputra Hantama
17. Schweitzer Engineering Laboratories
18. Yokogawa Electric

Intelligent Remote Terminal Unit Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Intelligent Remote Terminal Unit Market

Overview of the regional outlook of the Intelligent Remote Terminal Unit Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Intelligent Remote Terminal Unit Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Intelligent Remote Terminal Unit Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Wireless intelligent RTU

                2. Wired intelligent RTU

                1. Oil and Gas Industry

                2. Chemical and Petrochemical Industry

                3. Power Generation Industry

                4. Water and Wastewater Industry

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Intelligent Remote Terminal Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Intelligent Remote Terminal Unit Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.