Market Overview:
The global intelligent RTUs market is expected to grow from USD 1.02 billion in 2018 to USD 2.06 billion by 2030, at a CAGR of 9.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for industrial automation and rising concerns for safety and security in industrial plants. Based on type, the global intelligent RTUs market is segmented into wireless RTU and wired RTU. The wireless RTU segment is projected to grow at a higher CAGR than the wired RTU segment during the forecast period owing to its advantages such as easy installation, low maintenance cost, and flexibility in terms of location placement. Based on application, the global intelligent RTUs market is divided into oil and gas industry, chemical and petrochemical industry, power generation industry, water and wastewater industry, others (mining & metals). Among these applications segments, oil & gas sector held dominant position in 2017 due high adoption rate across various regions worldwide followed by chemical & petrochemical sector which are also witnessing significant growth rates over last few years due stringent government regulations towards environment protection along with increased investments by key players operating in this space across different geographies .
Product Definition:
An Intelligent RTU (remote terminal unit) is a device that collects and processes data from instruments or sensors at a remote site, and then sends the processed data back to a central location for further analysis. The collected data can be used to monitor and control the remote site, or to provide information about the status of the equipment or process at the site.
Wireless RTU:
Wireless RTU (Remote terminal unit) is a device used to connect two devices wirelessly. It can be connected to another device via wireless or hard-wired connection. Wireless RTU has the ability to establish a connection between data, voice and video streaming from one source to another location at a distance of up to 5 miles away.
Wired RTU:
Wired RTU is a device that enables remote monitoring and control of process variables such as temperature, pressure, flow rate, and others. It provides data acquisition (DAQ) systems with analog or digital input channels to measure real-time process variable. The DAQ system can be connected to the machine through a network cable for remote monitoring and controlling the measurements from an external computer.
Application Insights:
The demand for intelligent RTUs is expected to grow in the oil and gas industry on account of its extensive use in remote locations. The oil and gas industry requires a large number of RTUs as they are involved in various processes such as well drilling, completion, production management, etc. Hence, growth of the oil and gas industry will lead to increased adoption of intelligent RTUs over the forecast period.
The chemical and petrochemical industry also uses a large number of RTUs for process control which involves multiple steps such as raw material handling & storage along with unit operations like mixing/unmixing units or processing units that require precise time schedules for carrying out their respective tasks. Hence, growth within this sector will also positively influence market growth over the forecast period.
Regional Analysis:
North America dominated the market in 2017. The growth of the region can be attributed to increasing adoption of automation and connectivity solutions across industries. Moreover, rising demand for real-time data from various end-use sectors such as oil and gas, power generation, healthcare is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for energy conservation and efficiency improvement in industrial facilities along with growing awareness regarding advanced technologies among end users such as manufacturing units, hospitals etc. Furthermore, rapid urbanization coupled with expanding infrastructure sector will also support regional market development during the same period. ‘’‰â€˜”¤¬ “œ¢”°ƒ© 2013 RTUs Network Inc.
Growth Factors:
- Increasing demand for intelligent RTUs from the process and discrete industries for improving operational efficiency
- Proliferation of IIoT and big data analytics, which is expected to drive the adoption of intelligent RTUs
- Growing demand for energy-efficient and reliable industrial automation solutions
- Rising concerns over safety and security in industrial plants, which is expected to boost the demand for intelligent RTUs
- Increasing investments in smart factories by process manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent RTUs Market Research Report
By Type
Wireless RTU, Wired RTU
By Application
Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, Water and Wastewater Industry, Others
By Companies
ABB, General Electric, Schneider Electric, Honeywell, Siemens, Emerson, Rockwell Automation, Motorola Solutions, Advantech, Yokogawa, ABB, Arteche, Iskra Sistemi, Schweitzer Engineering Laboratories, Dongfang Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent RTUs Market Report Segments:
The global Intelligent RTUs market is segmented on the basis of:
Types
Wireless RTU, Wired RTU
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas Industry, Chemical and Petrochemical Industry, Power Generation Industry, Water and Wastewater Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- General Electric
- Schneider Electric
- Honeywell
- Siemens
- Emerson
- Rockwell Automation
- Motorola Solutions
- Advantech
- Yokogawa
- ABB
- Arteche
- Iskra Sistemi
- Schweitzer Engineering Laboratories
- Dongfang Electronics
Highlights of The Intelligent RTUs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wireless RTU
- Wired RTU
- By Application:
- Oil and Gas Industry
- Chemical and Petrochemical Industry
- Power Generation Industry
- Water and Wastewater Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intelligent RTUs 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Intelligent RTUs are a type of networked device that can autonomously manage their own resources, such as power and data. They can be used to monitor and control devices in an industrial or commercial setting.
Some of the major companies in the intelligent rtus market are ABB, General Electric, Schneider Electric, Honeywell, Siemens, Emerson, Rockwell Automation, Motorola Solutions, Advantech, Yokogawa, ABB, Arteche, Iskra Sistemi, Schweitzer Engineering Laboratories, Dongfang Electronics.
The intelligent rtus market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent RTUs Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Intelligent RTUs Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Intelligent RTUs Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Intelligent RTUs Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Intelligent RTUs Market Size & Forecast, 2018-2028 4.5.1 Intelligent RTUs Market Size and Y-o-Y Growth 4.5.2 Intelligent RTUs Market Absolute $ Opportunity
Chapter 5 Global Intelligent RTUs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Intelligent RTUs Market Size Forecast by Type
5.2.1 Wireless RTU
5.2.2 Wired RTU
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intelligent RTUs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Intelligent RTUs Market Size Forecast by Applications
6.2.1 Oil and Gas Industry
6.2.2 Chemical and Petrochemical Industry
6.2.3 Power Generation Industry
6.2.4 Water and Wastewater Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent RTUs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intelligent RTUs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Intelligent RTUs Analysis and Forecast
9.1 Introduction
9.2 North America Intelligent RTUs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Intelligent RTUs Market Size Forecast by Type
9.6.1 Wireless RTU
9.6.2 Wired RTU
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Intelligent RTUs Market Size Forecast by Applications
9.10.1 Oil and Gas Industry
9.10.2 Chemical and Petrochemical Industry
9.10.3 Power Generation Industry
9.10.4 Water and Wastewater Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Intelligent RTUs Analysis and Forecast
10.1 Introduction
10.2 Europe Intelligent RTUs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Intelligent RTUs Market Size Forecast by Type
10.6.1 Wireless RTU
10.6.2 Wired RTU
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Intelligent RTUs Market Size Forecast by Applications
10.10.1 Oil and Gas Industry
10.10.2 Chemical and Petrochemical Industry
10.10.3 Power Generation Industry
10.10.4 Water and Wastewater Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Intelligent RTUs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intelligent RTUs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Intelligent RTUs Market Size Forecast by Type
11.6.1 Wireless RTU
11.6.2 Wired RTU
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Intelligent RTUs Market Size Forecast by Applications
11.10.1 Oil and Gas Industry
11.10.2 Chemical and Petrochemical Industry
11.10.3 Power Generation Industry
11.10.4 Water and Wastewater Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Intelligent RTUs Analysis and Forecast
12.1 Introduction
12.2 Latin America Intelligent RTUs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Intelligent RTUs Market Size Forecast by Type
12.6.1 Wireless RTU
12.6.2 Wired RTU
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Intelligent RTUs Market Size Forecast by Applications
12.10.1 Oil and Gas Industry
12.10.2 Chemical and Petrochemical Industry
12.10.3 Power Generation Industry
12.10.4 Water and Wastewater Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Intelligent RTUs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intelligent RTUs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Intelligent RTUs Market Size Forecast by Type
13.6.1 Wireless RTU
13.6.2 Wired RTU
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Intelligent RTUs Market Size Forecast by Applications
13.10.1 Oil and Gas Industry
13.10.2 Chemical and Petrochemical Industry
13.10.3 Power Generation Industry
13.10.4 Water and Wastewater Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intelligent RTUs Market: Competitive Dashboard
14.2 Global Intelligent RTUs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 General Electric
14.3.3 Schneider Electric
14.3.4 Honeywell
14.3.5 Siemens
14.3.6 Emerson
14.3.7 Rockwell Automation
14.3.8 Motorola Solutions
14.3.9 Advantech
14.3.10 Yokogawa
14.3.11 ABB
14.3.12 Arteche
14.3.13 Iskra Sistemi
14.3.14 Schweitzer Engineering Laboratories
14.3.15 Dongfang Electronics