Remote terminal unit (RTU) is a control device which helps the master equipment, SCADA, to monitor & communicate with devices in the grid placed in diverse geographical locations. These are used in a wide range of electronics & process automation equipment’s anywhere SCADA is mandatory to view and control the equipment together with collecting data from on-field equipment & communicate the commands of the master device. This can be done through a wired connection (telephone line, cables, or Ethernet) or wireless connection. The data is sent to the operator so that they get aware of the complete grid situation and make settings in the grid. Intelligent remote terminal units are deployed in substations to surge automation, which leads the ideal distribution of power. They also accurate any differences that can effect in loss of power in transmission & distribution (T&D) and also reducing equipment damage & thereby improving power reliability and quality.
RTUs can be utilized in water treatment & distribution plants and monitoring and controlling of oil and gas lines, power T&D.
The market is witnessing strong growth owing to increasing cross-border interconnections, growing grid modernization, and increasing grid monitoring. In addition, continuous rise in process automation is one of the key growth opportunity drivers for this market. The increasing use of intelligent remote terminals in on shore and off shore platforms, mine sites and air traffic navigation aids, and environmental monitoring systems are further expected to lead the market growth. Furthermore, presence of oil and gas industries in middle east and European regions also boost demand for ITRU in these regions. However, the fact that this frequent upgradation of old SCADA systems and high capital in the initial stages is expected to deter the market growth to some extent.
The market has been segmented based on the basis of end-user and region. Based on the end-user, the market is segmented as water and wastewater sector, oil and gas sector, power sector. Based on region, the global Intelligent Remote Terminal Unit Market can be divided into Europe, Latin America, Middle East & Africa, North America and Asia Pacific. The vigorous demand in Asia-Pacific region is projected to be one of the key driving factors for the overall development of the global market. Besides, this growth is recognized to the rapid digitalization especially in emerging economies like India coupled with rapid industrialization. The markets in various developing economies such as Brazil, Russia and Korea among others are also expected to see a speedy growth during the forecast period. In addition to this, growing per capita disposable revenue and rush in the global economy is another key factor which is expected to bring stimulus in the growth of the global market during the forecast period.
Key players operating in the global market are concentrating on some of the key market strategies such as mergers, collaborations, partnerships and acquisitions in order to keep grip in the continually competitive global market. Furthermore, they are aiming on gaining grip on the local players to reinforce their goodwill as well as to enrich their market reach in the global market. Some of the key players in the global market include ABB, GE Grid Solutions, Honeywell, Schneider, Siemens Energy, Emerson, Advantech, Enbase Energy Technology, PT Arliscoputra Hantama, Yokogawa Electric.
The global Intelligent Remote Terminal Unit market has been segmented
• Water and wastewater sector
• Oil and gas sector
• Power sector
• Latin America
• Middle East & Africa
• North America
• Asia Pacific