Remote Terminal Units Market - Global Industry Analysis, Market size, Share, Growth, Trends and Forecast 2017 - 2025

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Remote Terminal Units Market - Global Industry Analysis, Market size, Share, Growth, Trends and Forecast 2017 - 2025

Status : November, 2020 | Energy & Mining | PPT format

Report Digest


Global Remote Terminal Units Market: Snapshot

As increasing number of power grids are being installed and upgraded across several developing nations of the world, the demand for remote terminal units is slated to fire up rapidly on a global basis. Furthermore, the growing cross-border connections alongside rising grid monitoring activities and data analysis are other factors accelerating the growth of the global remote terminal units market.

New products are being launched by several major companies. For example, in May 2017, ABB introduced its CMS-700 energy monitor and control unit in order to provide easy access while collecting data and analyzing it. Featuring an advanced open-core sensor, the new system helps in the management and optimization of energy efficiency. Similarly, an upgraded version of its dynamic lift optimization (DLO) software by Emerson incorporates an advanced remote terminal unit. The solution has been designed to reduce footprint as well as weight, when compared with a conventional system.

The emerging markets such as Indonesia, Malaysia, China, India, Nigeria, Brazil, Singapore, and Argentina are hubs of opportunities for the progress of the global remote terminal units market. The growing popularity of automation across a number of industries has enabled greater deployment of this multipurpose device. Because the most important components of remote terminal units are storage, processor and memory, it is quite similar to a computer. As a result, remote terminal units are being increasing used as an intelligent or master controller of other devices, enhancing the process of automation. Over the oncoming years, the international demand for remote terminal units is therefore expected to multiply.

Remote Terminal Units Market: General Outline

A remote terminal unit is a microprocessor-based device, connected to process equipments, transmitters or sensors, for the purpose of remote telemetry and control. RTUs with the aid of appropriate sensors, monitor the status of the process via digital and analogue inputs. They provide control outputs to switch plant such as circuit breakers and tap changers. In the oil and gas industry, during the drilling process, RTUs are used to transmit drilling mechanics, and rock formation information up-hole, in real time. These services are known as logging while drilling and measurement while drilling, Schlumberger's Pulse Technology is a perfect example of this. During the process of drilling, tools use this methodology to send information acquired thousands of feet below the ground. The pressure wave is then translated into a useful information after DSP (Digital Signal Processing) and noise filters, and is later used for drilling optimization, formation evaluation, and geosteering.

Remote Terminal Units Market: Comprehensive Overview

The advent of improved technology for process monitoring and data transmission has dominated the market drivers for remote terminal units. With improved SCADA (Supervisory Control and Data Acquisition) regulations by various governments across the globe, and increased threat of data security, organizations are now looking at the latest technologies for remote terminal units.

Developing markets and new drilling areas also contribute to the growth of the RTU market for oil and gas sectors. Despite the growth factors, the industry does face a few challenges. In the European and North American region, RTU system has been established since the 1970s, and there remains no scope for new installations, in other words, markets of these regions have reached a saturation point. Also, significant financial investment is required to lay down a network across regions and to establish RTUs at inaccessible locations. However, with new fields being discovered in the Asia Pacific region, there is a scope for growth.

Remote Terminal Units Market: Segment Overview

Based on the mode of application, the RTU industry is classified into: RTUs for Oil and Gas Wells and RTUs for Compressor, Pump or Valve Stations. A further classification can be made on the basis of the industry such as power, oil exploration or pipeline management. Also, based on the connectivity, RTUs may use telephone hard lines or wireless transmission systems.

Geographically, the remote terminal units market is currently concentrated in the Asia Pacific region due to initiation of major oil exploration projects as well as power grid expansion in India, China, Malaysia, and Indonesia. In the Rest of the World, the Middle East, Africa, and Latin America is also witnessing a similar trend. Whereas, the European and North American regions are expected to see a significant decline in the demand of RTUs, as the market already has a well-established SCADA network.

Remote Terminal Units Market: Key Market Players

Some of the major companies involved in the manufacture and integration of remote terminal units are: TopRank Corporation Sdn. Bhd., ABB Ltd., Schneider Electric SE, Siemens AG, General Electric Company, and Schweitzer Engineering Laboratories, Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?