Global RTU in Smart Grid Market Revenue Projected Around USD 400 Million By 2026

21-Feb-2020 | Facts and Factors

Facts and Factors has authored “RTU in Smart Grid Market By Type (Small Size, Medium Size, and Large Size), By Voltage Level (High Voltage Level, Medium Voltage Level, and Low Voltage Level) By Deployment (Coupling of Renewable Energy Installations, Equipment of Intelligent Secondary unit s/s, and Equipment of Distribution Stations), and By Applications (Power Plant and Company Power Sector): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026”. Based on our analysis, the global RTU in smart grid market in 2019 was approximately USD 285 Million and is anticipated to reach around USD 400 Million by 2026. The anticipated CAGR for the RTU in smart grid market is around 5.1% from 2020 to 2026.

RTU in Smart Grid Market

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A RTU is an electronic device installed at a remote location for the control and monitoring of multiple devices and systems for automation. It is similar to programmable logic circuits (PLCs) and is usually positioned in an industrial environment such as in grids, and serves the same purpose with a higher degree. It also collects information from the master device and outfits processes that are engaged by the master. In other words, an RTU (Remote Terminal Unit) is a microprocessor controlled device installed at a remote location that collects data, codes the data into a format that is transmittable and then transmits the data back to a central or master station.

Browse the full “RTU in Smart Grid Market By Type (Small Size, Medium Size, and Large Size), By Voltage Level (High Voltage Level, Medium Voltage Level, and Low Voltage Level) By Deployment (Coupling of Renewable Energy Installations, Equipment of Intelligent Secondary unit s/s, and Equipment of Distribution Stations), and By Applications (Power Plant and Company Power Sector): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026" report at https://www.fnfresearch.com/rtu-in-smart-grid-market-by-type-small

The demand for remote terminal unit is increasing rapidly on a global basis owing to the increasing installation and up-gradation of power grids in many developing countries. Further, the increasing grid monitoring activities and data analysis coupled with rising cross-border connections are other factors fueling the growth of the global remote terminal units market. Furthermore, the initiation of enhanced technology for data transmission and process monitoring has upsurge the demand for remote terminal units. Factors such as long transmission path and slower communication speed are hindering the growth of global RTU in smart grid market. Up gradation of transmission and distribution infrastructure is anticipated to open new avenues in the market.

The global RTU in smart grid market is classified based on type, voltage level, deployment types, and applications. On the basis of the type, the market is segregated into small size, medium size, and large size. Large type RTU segment holds the largest share in terms of revenue generation. Further, on the basis of voltage level, the market is categorized into high voltage level, medium voltage level, and low voltage level. Furthermore, by deployment coupling of renewable energy installations, equipment of intelligent secondary unit s/s, and equipment of distribution stations are the deployment types of RTU in smart grid market. Equipment of distribution stations deployment segment is growing with the highest CAGR during the forecast period. The application segment is divided into power plant and company power sector. Company power sector application segment accounted for around 75% of the revenue pie of the global market.

The global RTU in smart grid market is divided into the major regions viz, Asia Pacific, Latin America, the Middle East and Africa, North America, and Europe. North America held the leading position in regional segmentation accounting for more than 30% of the total market revenue. Asia Pacific is maintaining a healthy growth rate throughout the analysis period. The regions are further bifurcated into the major countries around the world such as the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, GCC Countries, South Africa, and Argentina among others.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 285 Million

Projected Market Size in 2026

USD 400 Million

CAGR Growth Rate

5.1% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Servelec Technologies, Schweitzer Engineering Laboratories, Prestigious Discovery, PT Arliscoputra Hantama, Iskra Sistemi, Sprecher Automation GmbH, IDS GmbH, WAGO Kontakttechnik GmbH & Co. KG, Siemens, Schneider Electric, General Electric, Honeywell, Phoenix Contact, Mikronika, and Netcontrol, and Others

Key Segment

By Type, Voltage, Deployment, Applications, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the leading players in the global market include

Servelec Technologies, Schweitzer Engineering Laboratories, Prestigious Discovery, PT Arliscoputra Hantama, Iskra Sistemi, Sprecher Automation GmbH, IDS GmbH, WAGO Kontakttechnik GmbH & Co. KG, Siemens, Schneider Electric, General Electric, Honeywell, Phoenix Contact, Mikronika, and Netcontrol among others.

This report segments the RTU in Smart Grid Market as follows:

By Type Segment Analysis

  • Small Size
  • Medium Size
  • Large Size

By Voltage Level Segment Analysis

  • High Voltage Level
  • Medium Voltage Level
  • Low Voltage Level

By Deployment Segment Analysis

  • Coupling of Renewable Energy Installations
  • Equipment of Intelligent Secondary unit s/s
  • Equipment of Distribution Stations

By Applications Segment Analysis

  • Power Plant
  • Company Power Sector

By Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

About Us:

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