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Global Remote Terminal Unit (RTU) in Smart Grid Market Research Report 2022
SKU ID : QYR-21041439 | Publishing Date : 08-Jun-2022
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Remote Terminal Unit (RTU) is a device installed at a remote location that collects data, codes the data into a format that is transmittable and transmits the data back to a central station, or master. An RTU also collects information from the master device and implements processes that are directed by the master. RTUs are equipped with input channels for sensing or metering, output channels for control, indication or alarms and a communications port.
In a smart grid, the remote terminal unit can collects the data of the electric power condition and transmits the data to the station. Today, RTU is a necessary part in the smart grid and transformer substations.
Market Analysis and Insights: Global Remote Terminal Unit (RTU) in Smart Grid Market
Due to the COVID-19 pandemic, the global Remote Terminal Unit (RTU) in Smart Grid market size is estimated to be worth US$ 75 million in 2022 and is forecast to a readjusted size of US$ 85 million by 2028 with a CAGR of 2.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Wired RTU accounting for % of the Remote Terminal Unit (RTU) in Smart Grid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power Plant segment is altered to an % CAGR throughout this forecast period.
Global remote terminal unit (RTU) in Smart Grid key players include General Electric, ABB, Schneider Electric, Honeywell, Siemens, etc. Global top five manufacturers hold a share over 60%.
North America is the largest market, with a share over 30%, followed by EU and Asia (ex. China), both have a share over 45%.
In terms of product, medium size is the largest segment, with a share over 45%. And in terms of application, the largest application is power lant, followed by company power sector, etc.
Global Remote Terminal Unit (RTU) in Smart Grid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Remote Terminal Unit (RTU) in Smart Grid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Wired RTU
Wireless RTU
Segment by Application
Power Plant
Company Power Sector
By Company
ABB
Schneider Electric
Siemens
Iskra Sistemi
General Electric
Honeywell
Schweitzer Engineering
Red Lion
Wescon Group
Dongfang Electronics
Nari Group
TopRank
Prestigious Discovery
Arliscoputra Hantama
Kalkitech
Motorola Solutions
NR Electric Co
Arteche
Hitachi Energy
Production by Region
North America
Europe
China
Japan
Southeast Asia
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
In a smart grid, the remote terminal unit can collects the data of the electric power condition and transmits the data to the station. Today, RTU is a necessary part in the smart grid and transformer substations.
Market Analysis and Insights: Global Remote Terminal Unit (RTU) in Smart Grid Market
Due to the COVID-19 pandemic, the global Remote Terminal Unit (RTU) in Smart Grid market size is estimated to be worth US$ 75 million in 2022 and is forecast to a readjusted size of US$ 85 million by 2028 with a CAGR of 2.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Wired RTU accounting for % of the Remote Terminal Unit (RTU) in Smart Grid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power Plant segment is altered to an % CAGR throughout this forecast period.
Global remote terminal unit (RTU) in Smart Grid key players include General Electric, ABB, Schneider Electric, Honeywell, Siemens, etc. Global top five manufacturers hold a share over 60%.
North America is the largest market, with a share over 30%, followed by EU and Asia (ex. China), both have a share over 45%.
In terms of product, medium size is the largest segment, with a share over 45%. And in terms of application, the largest application is power lant, followed by company power sector, etc.
Global Remote Terminal Unit (RTU) in Smart Grid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Remote Terminal Unit (RTU) in Smart Grid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Wired RTU
Wireless RTU
Segment by Application
Power Plant
Company Power Sector
By Company
ABB
Schneider Electric
Siemens
Iskra Sistemi
General Electric
Honeywell
Schweitzer Engineering
Red Lion
Wescon Group
Dongfang Electronics
Nari Group
TopRank
Prestigious Discovery
Arliscoputra Hantama
Kalkitech
Motorola Solutions
NR Electric Co
Arteche
Hitachi Energy
Production by Region
North America
Europe
China
Japan
Southeast Asia
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
