Remote terminal units (RTUs) market is anticipated to grow at a significant CAGR of 11.8% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of SCADA (Supervisory Control and Data Acquisition) in industrial automation, the expansion in the energy sector such as power generation, transmission, and distribution, and the need for efficient monitoring and control is driving the demand for RTUs. The rising demand for water conservation, smart metering, and efficient wastewater treatment management is also contributing to the increased use of SCADA systems, which need RTUs for accurate and timely data acquisition.
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According to the Worldmetrics, in July 2024, Global SCADA market is projected to reach $13.2 billion by 2025. SCADA systems help in reducing downtime by up to 40.0%. SCADA systems can help improve operational efficiency by up to 30.0%. Industries are increasingly emphasizing remote operations and monitoring, which has accelerated RTU usage within SCADA systems, allowing operators to manage systems from distant locations. SCADA systems are extensively used in upstream, midstream, and downstream operations for real-time data monitoring, where RTUs help in process control, safety, and operational efficiency.
Recent Developments
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, and Siemens AG among others.
Key questions addressed by the report.
Global Remote Terminal Units Market Report Segment
By Type
By End-User
Global Remote Terminal Units Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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