Market Overview:
The global modular remote terminal unit (RTU) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for RTUs from various end-use industries, such as oil and gas, chemical, and others. In addition, the growing demand for wireless RTUs is also contributing to the growth of the global modular RTU market. Based on type, the global modular RTU market can be segmented into wireless RTUs and wired RTUs. The wireless RTU segment is expected to grow at a higher CAGR than that of wired RTUs during the forecast period owing to its advantages such as easy installation and commissioning, low maintenance cost, and flexibility in terms of deployment location. Based on application, the global modular remote terminal unit (RTU) market can be divided into oil and gas industry, chemical industry,, water & wastewater treatment industry,, power generation industry,, food & beverage processing industry,, mining & metals processingindustry,. Among these applications segments,.
Product Definition:
A Modular Remote Terminal Unit (MRTU) is a self-contained, modular system used to provide remote terminal access to an asynchronous transfer mode (ATM) network. The MRTU includes the necessary hardware and software to connect a single user or multiple users (via multipoint connections) to an ATM network.
Wireless RTU:
The global wireless RTU market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for cost-effective and flexible remote terminal units (RTUs) across various industries such as oil & gas, utilities, manufacturing, healthcare and life sciences.
Wired RTU:
Wired RTU is a device used in modular remote terminal units. It provides telecommunication functions such as data and voice communication over existing power lines using household electrical wiring.
The primary function of wired RTU is to provide an interface between the customer premises equipment (CPE) and the MRTU, which further helps in reducing overall installation cost by eliminating need for copper wire connection from the CPE to MRTU location.
Application Insights:
The others application segment includes healthcare, oil and gas, food and beverage, manufacturing, chemical. The demand for MRTU in these industries is driven by the need to manage critical processes with enhanced safety and efficiency. Modular remote terminal units are used to control various processes such as material handling equipment in the oil & gas industry; fluid handling systems in pharmaceutical industries; temperature monitoring systems in food processing plants; etc. These devices help eliminate human errors during complex operations thereby ensuring safe and smooth operations at a cost-effective manner.
The North America market dominated the global modular remote terminal unit market accounting for over 45% of the revenue share in 2017 owing to increasing investments by energy companies into renewable sources of energy generation such as wind power along with natural gas production sites across Mexico which has resulted into an increased number of RTUs required at these locations.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for MRTU in countries such as China, India, and Japan. In addition, rising number of smart factory projects in this region will drive the market further. Europe is also estimated to witness significant growth over the coming years owing to growing adoption of modularity across various industries such as oil and gas, chemicals and others. Modular remote terminal unit allows users with limited technical knowledge or expertise gain access remotely via a wireless connection from anywhere within a facility’s premises thus reducing installation time by up tp 50%.
Growth Factors:
- Increasing demand for smart and connected devices
- Proliferation of the Internet of Things (IoT)
- Growing demand for data center capacity
- Rising need for energy efficiency and sustainability
- Emergence of 5G technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Modular Remote Terminal Unit Market Research Report
By Type
Wireless RTU, Wired RTU
By Application
Oil and Gas, Chemical, Others
By Companies
Honeywell, Schneider Electric, Advantech Co., Ltd, Emerson Electric Co., Fanox Electronic, S.L., Xiamen Four-Faith Communication Technology Co., Ltd, Siemens, ACREL CO., LTD, King Pigeon Communication Co.,Ltd, iGrid T&D, ICP DAS CO., LTD, Brodersen Systems, TEKBOX DIGITAL SOLUTIONS, VitzroEM Co., Ltd.
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Modular Remote Terminal Unit Market Report Segments:
The global Modular Remote Terminal Unit 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, Chemical, 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:
- Honeywell
- Schneider Electric
- Advantech Co., Ltd
- Emerson Electric Co.
- Fanox Electronic, S.L.
- Xiamen Four-Faith Communication Technology Co., Ltd
- Siemens
- ACREL CO., LTD
- King Pigeon Communication Co.,Ltd
- iGrid T&D
- ICP DAS CO., LTD
- Brodersen Systems
- TEKBOX DIGITAL SOLUTIONS
- VitzroEM Co., Ltd.
Highlights of The Modular Remote Terminal Unit 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
- Chemical
- 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 Modular 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A modular remote terminal unit (MRTTU) is a telecommunications device that allows users to connect to the Internet, telephone lines, and other devices. MRTTUs are often used in businesses and homes.
Some of the key players operating in the modular remote terminal unit market are Honeywell, Schneider Electric, Advantech Co., Ltd, Emerson Electric Co., Fanox Electronic, S.L., Xiamen Four-Faith Communication Technology Co., Ltd, Siemens, ACREL CO., LTD, King Pigeon Communication Co.,Ltd, iGrid T&D, ICP DAS CO., LTD, Brodersen Systems, TEKBOX DIGITAL SOLUTIONS, VitzroEM Co., Ltd..
The modular remote terminal unit market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Market Size & Forecast, 2018-2028
4.5.1 Modular Remote Terminal Unit Market Size and Y-o-Y Growth
4.5.2 Modular Remote Terminal Unit Market Absolute $ Opportunity
Chapter 5 Global Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Analysis and Forecast
9.1 Introduction
9.2 North America Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical
9.10.3 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 Modular Remote Terminal Unit Analysis and Forecast
10.1 Introduction
10.2 Europe Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical
10.10.3 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 Modular Remote Terminal Unit Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical
11.10.3 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 Modular Remote Terminal Unit Analysis and Forecast
12.1 Introduction
12.2 Latin America Modular Remote Terminal Unit 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 Modular Remote Terminal Unit 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 Modular Remote Terminal Unit Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical
12.10.3 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) Modular Remote Terminal Unit Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Modular Remote Terminal Unit 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) Modular Remote Terminal Unit 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) Modular Remote Terminal Unit Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical
13.10.3 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 Modular Remote Terminal Unit Market: Competitive Dashboard
14.2 Global Modular Remote Terminal Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Schneider Electric
14.3.3 Advantech Co., Ltd
14.3.4 Emerson Electric Co.
14.3.5 Fanox Electronic, S.L.
14.3.6 Xiamen Four-Faith Communication Technology Co., Ltd
14.3.7 Siemens
14.3.8 ACREL CO., LTD
14.3.9 King Pigeon Communication Co.,Ltd
14.3.10 iGrid T&D
14.3.11 ICP DAS CO., LTD
14.3.12 Brodersen Systems
14.3.13 TEKBOX DIGITAL SOLUTIONS
14.3.14 VitzroEM Co., Ltd.
