The report “Global Intelligent Remote Terminal Unit Market, By Type (Interactive Kiosks, Interactive Whiteboard, Interactive Table, Interactive Video Wall, Interactive Monitor, and Interactive Flat-Panel Display), By Application (Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, and Water & Wastewater Industry), and Region – Global Forecast to 2029″ Global intelligent remote terminal unit market is projected to grow from US$ XX billion in 2020 to US$ XX billion by 2029. With the evolution of the era of big data, internet of things (IoT) technology is being widely used and thus, driving growth of the global intelligent remote terminal unit market. In recent years, workers needed to regularly monitor larger oilfield zones which in turn, use of intelligent terminal unit can easily identify status of equipment, and greatly reduce costs of man power. Thus, boosting growth of the global intelligent remote terminal unit market. Additionally, rise in the use of electric vehicles has resulted in additional load on transmission and distribution assets which is expected to propel growth of the global market over the forecast period. A smart grid enables two-way communication between a power utility and its customers using information and communication technologies. Several smart grid projects are on the way to improve the global power grid infrastructure. Therefore, the use of smart grid projects will increase the demand for SCADA systems and thus, propel the demand for global intelligent remote terminal unit market. Nevertheless, growing adoption of renewables in power generation is one of the major trends being witnessed in the global market owing, to the growing awareness about the environment and regulatory policies supporting renewable energy.
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- On July 2019, Emerson has introduced two new rosemount 628 Universal Gas Sensors to measure carbon monoxide and oxygen depletion in addition to increase toxic gas safety for plant sites.
- On July 2019, Siemens a major key player in the global market has launched an extraordinary data visualization project called Siemens FABRIC at the Mercedes Benz Fashion Week in Berlin. It demonstrated the crucial role that data is playing in the transformation of today’s global urban centers into the smart cities of the future.
Key Market Insights from the report:
The global intelligent remote terminal unit market accounted for US$ XX billion in 2020 and is projected to register a moderate CAGR of XX % over the forecast period. The market report has been segmented on the basis of application, end-user, and region.
- By type, the global intelligent remote terminal unit market is segmented into interactive kiosks, interactive whiteboard, interactive table, interactive video wall, interactive monitor, and interactive flat-panel display.
- By application, the global intelligent remote terminal unit market is divided into oil and gas industry, chemical and petrochemical industry, power generation industry, and water & wastewater industry. The oil and gas application segment held the largest market share in 2018, and is expected to dominate the global market over the forecast period.
- By region, Europe is leading the global intelligent remote terminal unit market in terms of revenue share. The revenue share occupied by this region is anticipated to decrease over the forecast period. North America, Latin America, and Middle East & Africa are expected to show a significant growth for the global intelligent remote terminal unit market over the forecast period.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “ Global Intelligent remote terminal unit Market”, By Type (Interactive Kiosks, Interactive Whiteboard, Interactive Table, Interactive Video Wall, Interactive Monitor, and Interactive Flat-Panel Display), By Application (Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, and Water & Wastewater Industry), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029
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The prominent player operating in the global intelligent remote terminal unit market includes ABB Ltd., GE Grid Solutions, LLC, Honeywell, Inc., Schneider Electric S.E., Siemens Energy, Inc., Advantech Corp., Ltd., eLynx Technologies, LLC, Emerson Electric S.E., Enbase Energy Technology, Inc., and FF-Automation.
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