Global Industrial Remote Terminal Unit (RTU) Market Is $ 813.25 Million In 2019
Friday, 15 Nov, 2019
A remote terminal unit (RTU) is a microprocessor-controlled electronic device that interfaces objects in the physical world to a distributed control system or SCADA(supervisory control and data acquisition) system by transmitting telemetry data to a master system, and by using messages from the master supervisory system to control connected objects.
Global revenue of Industrial Remote Terminal Unit (RTU) has kept growing during the past five years with an average growth rate of 6.32%. Compared to 2017, Industrial Remote Terminal Unit (RTU) market managed to increase revenue by 6.41 percent to $ 773.23 million worldwide in 2018 from $ 726.67 million in 2017. Overall, the Industrial Remote Terminal Unit (RTU) market performance is positive, despite the weak economic environment.
The global Industrial Remote Terminal Unit (RTU) market is forecasted to keep the trend and expand to $ 1169.60 million by 2025 from $ 813.25 million in 2019, growing at a CAGR of 6.24% from 2019 to 2025. Industrial Remote Terminal Unit (RTU) continues to gain popularity as it play a crucial role in monitoring and controlling of the grid.
The Industrial Remote Terminal Unit (RTU) market competition will be still intense, including many prominent vendors with products that have a wide scope of applications. ABB is the leading manufacturer in the global Industrial Remote Terminal Unit (RTU) market with the market share of 9.58%, in terms of revenue, followed by General Electric, Schneider Electric, Honeywell, Siemens, Emerson, Rockwell Automation, Motorola Solutions, Advantech, Yokogawa, Red Lion, Arteche, Iskra Sistemi, Schweitzer Engineering Laboratories and Dongfang Electronics. The top 15 listed companies accounted for 78% of the market share in 2018. The big vendors have a large portfolio of grid-related products, which can be customized depending on customer needs, making the market competitive. This is a challenge for medium and small vendors.
Although Industrial Remote Terminal Unit (RTU) market still brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.