PUBLISHER: TechNavio | PRODUCT CODE: 1693114
PUBLISHER: TechNavio | PRODUCT CODE: 1693114
The remote terminal unit (RTU) in smart grid market is forecasted to grow by USD 85.2 million during 2024-2029, accelerating at a CAGR of 4.9% during the forecast period. The report on the remote terminal unit (RTU) in smart grid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by transition to smart grids, rising energy demand globally, and advancements in communication technologies.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 4.6% |
CAGR | 4.9% |
Incremental Value | $85.2 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's remote terminal unit (RTU) in smart grid market is segmented as below:
By Application
By Type
By Product Type
By Geographical Landscape
This study identifies the increasing adoption of edge computing in smart grid sector as one of the prime reasons driving the remote terminal unit (RTU) in smart grid market growth during the next few years. Also, integration of IOT and cloud in rtus and growing demand for sustainable and energy-efficient rtus will lead to sizable demand in the market.
The report on the remote terminal unit (RTU) in smart grid market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading remote terminal unit (RTU) in smart grid market vendors that include ABB Ltd., Advantech Co. Ltd., Eaton Corp. PLC, Emerson Electric Co., Enilit Ltd., General Electric Co., Hitachi Energy Ltd., Honeywell International Inc., ICP DAS CO. LTD., Kalki Communication Technologies Pvt. Ltd., Mitsubishi Electric Corp., Motorola Solutions Inc., Moxa Inc., Remsdaq Ltd., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Spectris PLC, WAGO GmbH and Co. KG, and Yokogawa Electric Corp.. Also, the remote terminal unit (RTU) in smart grid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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