Intelligent Remote Terminal Unit Market by Product Type (Wired Intelligent RTU, Wireless Intelligent RTU, Oil and gas), End User (Power, Chemical, Water and wastewater, and Others), and Region 2023-2028

Intelligent Remote Terminal Unit Market by Product Type (Wired Intelligent RTU, Wireless Intelligent RTU, Oil and gas), End User (Power, Chemical, Water and wastewater, and Others), and Region 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6709
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Market Overview:

The global intelligent remote terminal unit market size reached US$ 3.11 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.44 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028. Significant rise in electricity consumption, rapid industrialization, and the growing demand for freshwater supplies represent some of the key factors driving the market.

An intelligent remote terminal unit (iRTU) is a microprocessor-based electronic equipment used for remote monitoring of various devices and systems for automation via the internet. It monitors both the digital and analog field parameters and transmits data to a supervisory control and data acquisition (SCADA) master station. It runs setup software to connect data input streams to output streams, troubleshoot installation problems, and define communication protocols. It is widely employed in several processes, including petrochemical (oil) and refineries and nuclear power, chemical, sewage treatment and water treatment plants. Besides this, iRTU is used in agriculture, quality control, food processing, automobile manufacturing, and pharmaceutical manufacturing processes. At present, iRTU providers are focusing on developing more efficient solutions to attract more customers and maximize revenue.

Intelligent Remote Terminal Unit Market Trends:

Presently, a considerable increase in electricity consumption on account of the growing population and industrialization represents one of the key factors positively influencing the market. The development of power infrastructure to prevent frequent power outage problems is also driving the usage of iRTUs to improve the efficiency of the transmission and distribution network. In addition, the increasing adoption of remote monitoring (RPM) systems by various industries, especially asset-intensive industries, is creating a positive market outlook. These industries are facing the difficulty of achieving high operating efficiency due to power fluctuations that damage the functioning of important equipment, resulting in significant revenue loss. Furthermore, the growing demand for freshwater supplies in urban areas and the rising water pollution level are other factors catalyzing the demand for iRTUs worldwide. Water utilities are continuously investing in innovative technologies and utilizing SCADA systems to enhance water infrastructure monitoring capabilities and monitor important assets of water treatment plants. Moreover, the shifting consumer preferences towards electric vehicles (EVs) to minimize harmful emissions and support environmental health, along with the integration of renewable energy, is creating a massive load on existing power transmission and distribution assets. Consequently, there is an increase in the need for converting conventional grids to smart grids. Furthermore, the rising number of smart grid projects across numerous countries is expected to drive the demand for SCADA systems and, in turn, propel the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global intelligent remote terminal unit market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type and end user.

Product Type Insights:

  • Wired Intelligent RTU
  • Wireless Intelligent RTU
     

The report has provided a detailed breakup and analysis of the intelligent remote terminal unit market based on the product type. This includes wired intelligent RTU and wireless intelligent RTU. According to the report, wired intelligent RTU represented the largest segment.

End User Insights:

  • Oil and gas
  • Power
  • Chemical
  • Water and wastewater
  • Others
     

A detailed breakup and analysis of the intelligent remote terminal unit market based on the end user has also been provided in the report. This includes oil and gas, power, chemical, water and wastewater, and others. According to the report, oil and gas accounted for the largest market share.

Regional Insights:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Europe was the largest market for intelligent remote terminal unit. Some of the factors driving the Europe intelligent remote terminal unit market included the expansion of numerous industries, the increasing need for power and water supply across residential and commercial sectors, and various smart grid projects.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global intelligent remote terminal unit market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Advantech Co. Ltd., Emerson Electric Co., General Electric Co., Hitachi Energy Ltd. (Hitachi Ltd.), Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
    Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Advantech Co. Ltd., Emerson Electric Co., General Electric Co., Hitachi Energy Ltd. (Hitachi Ltd.), Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global intelligent remote terminal unit market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global intelligent remote terminal unit market?
  • What are the key regional markets?
  • Which countries represent the most attractive intelligent remote terminal unit market?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the end user?
  • What is the competitive structure of the global intelligent remote terminal unit market?
  • Who are the key players/companies in the global intelligent remote terminal unit market?
     

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the intelligent remote terminal unit market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global intelligent remote terminal unit market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the intelligent remote terminal unit industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
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Intelligent Remote Terminal Unit Market by Product Type (Wired Intelligent RTU, Wireless Intelligent RTU, Oil and gas), End User (Power, Chemical, Water and wastewater, and Others), and Region 2023-2028
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