This professional and specialized report study examines the technical and business perspective of the RTU in Smart Grid industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the RTU in Smart Grid market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall RTU in Smart Grid market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the RTU in smart grid market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the RTU in smart grid market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the RTU in Smart Grid market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the RTU in Smart Grid market.
The research study provides a critical assessment of the RTU in Smart Grid industry by logically segmenting the market on the basis of type, voltage level, deployment, application,and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the RTU in Smart Grid industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The improved government rules and regulations for SCADA around the world, and increased risk of data security, the organizations are now focusing towards latest technologies for remote terminal units. Moreover, rising automation and control in substations is another major driver responsible for the growth of remote terminal unit. However, difficulty in retrofitting of existing infrastructure is restraining the market growth. The initiatives led by different national agencies to upgrade the T&D infrastructure represent a major opportunity for the development of smart grid technologies with the ability to address grid inefficiency concerns. Monitoring and control technologies are a key enabler for improving the efficiency of the grid.
The RTU in Smart Grid market is segmented based on type, voltage level, deployment, and application. On the basis of type segmentation, the market is classified into small size, medium size, and large size. High voltage level, medium voltage level, and low voltage level are the voltage level based segmentation. The high-level voltage segment accounted for a major chunk of the segment. The deployment type segment includes coupling of renewable energy installations, equipment of intelligent secondary unit s/s, and equipment of distribution stations. In terms of Application segmentation, the market is bifurcated into a power plant and company power sector.
Some of the essential players operating in the RTU in Smart Grid market, but not restricted to 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.
Key Insights from Primary Research
Key Recommendations from Analysts
Global RTU in Smart Grid Value Market Share by Region (2014-2019)
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