Intelligent Remote Terminal Unit (RTU) Market Analysis Europe, North America, APAC, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 187 SKU: IRTNTR41635

Intelligent Remote Terminal Unit (RTU) Market Forecast 2024-2028

The intelligent remote terminal unit (RTU) market size is forecast to increase by USD 2.23 billion, at a CAGR of 7.18% between 2023 and 2028. Market growth hinges on factors like the increasing requirement for remote monitoring in industrial setups, the rising demand for Intelligent Remote Terminal Units (IRTUs) in smart grid modernization, and the growing adoption of IRTUs in renewable energy production. Our market report examines historic data from 2018-2022, besides analyzing the current and forecasted market scenario.

The market is expected to grow due to increasing investments in end-user industries such as water and wastewater treatment and oil and gas. The oil and gas, chemical and petrochemical, water and wastewater, and power generation industries are the major contributors to the IRTU market in Europe. Further, ABB Ltd. company offers intelligent remote terminal unit such as RTU500 series that enables secure and robust fleet management with the 12.6 release. Advantech Co. Ltd. company offers intelligent remote terminal unit such as ADAM 3600.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Dynamics

The intelligent remote terminal market is pivotal in digital oilfields and smart fields, leveraging technologies like SCADA and remote telemetry units (RTU) along with gateways. RTU providers focus on automation and integrate IoT technology and cloud computing for efficient operations. These terminals facilitate various industries including the oil, gas, and water sectors, ensuring seamless data flow for traffic monitoring networks. With a focus on big data and wireless communication, iRTUs enable real-time monitoring, supported by interactive kiosks and embedded software development. Additionally, they facilitate secure transactions and payments, enhancing overall system functionality. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver- Surging demand in grid modernization via smart grids

A smart grid facilitates bidirectional communication between a power utility and its customers, leveraging information and communication technology (ICT). At the core of a smart grid lies a SCADA system, essential for remote monitoring and control of network devices to ensure reliability. Through sensors, real-time data are collected within smart grids, transmitted to control stations via IRTUs in a transmittable format, and analyzed using algorithms to enable automated decision-making in real-time.

Moreover, the variability of solar and wind power generation poses challenges due to their unreliable nature. Smart grids play a pivotal role in managing these fluctuating power sources, mitigating the risk of power outages and effectively addressing disruptions in power supply. The surge in digital transformation and energy transition initiatives drives the demand for intelligent smart meters, fostering the need for SCADA systems and, consequently, IRTUs in the power industry. This trend is expected to propel market growth during the forecast period, highlighting the significance of automation, IoT technology, and cloud computing in revolutionizing the energy landscape.

Significant Market Trends- Increasing integration of IoT in industrial operations

The use of IoT in remotely located industrial plants helps end-users in deploying and utilizing IRTU. IoT-enabled IRTUs allow oil and gas companies to remotely monitor and control critical infrastructure, such as wells, pipelines, and storage facilities, in real time. This capability enables operators to respond promptly to operational issues, optimize production, and minimize downtime. Integrating IoT in remote monitoring helps improve productivity in industrial operations. 

Additionally, IoT plays a vital role in reducing electricity consumption and costs while enabling customized data acquisition and cloud computing. Such advances are positively impacting remote monitoring applications, which are expected to increase the adoption in end-user industries such as oil and gas, chemical, and power. Developed economies, such as the US, the UK, Germany, and Japan, are leading in the integration of IoT with IRTU. Hence, due to the increasing integration of IoT, the market is expected to witness growth during the forecast period.

Major Market Challenge- Increasing use of PMUs as substitutes 

With the rising demand for power and growing use of variable power generation sources, the need for real-time wide-area monitoring systems for efficient control and operation of power systems has increased. Wide area monitoring systems make use of phasor measurement units (PMUs) to record and monitor a large power network in real time. PMUs are based on synchrophasors, which are time-synchronized numbers that represent both the magnitude and phase angle of the sine waves in electricity.

Further, compared with others, a PMU offers several significant advantages in power monitoring applications. PMUs are 100 times faster than SCADA. Furthermore, PMUs are synchronized and time-stamped by the Global Positioning System (GPS) signals, which offer more accurate data and have a faster sampling rate. The growing adoption of PMUs is driven by regulatory support for PMU projects. Thus, such factors may hinder the growth of the market during the forecast period.

Market Segmentation by End-user, Type, and Region

End-user Segment Analysis:

The oil and gas segment will account for a major share of the market's growth during the forecast period.?IRTUs are deployed at wellheads to monitor parameters such as pressure, temperature, flow rates, and fluid levels. IRTUs are installed in tank farms to monitor levels, temperatures, and densities of stored liquids such as crude oil, refined products, and chemicals. IRTUs serve as remote telemetry units in Supervisory Control and Data Acquisition (SCADA) systems for oil and gas operations. 

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The oil and gas segment was valued at USD 1.32 billion in 2018. There is an increasing adoption of intelligent RTUs across oil and gas industries due to the significant use of SCADA systems in the industry.  SCADA systems are extensively used in this industry, especially in the upstream, midstream, and downstream sectors. By deploying SCADA systems it enables the monitoring of multiple assets installed in various locations. Hence, such applications are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Type Segment Analysis

Based on type, the market has been segmented into wireless intelligent RTU and wired intelligent RTU. The wireless intelligent RTU segment will account for the largest share of this segment.? End-user industries prefer wireless IRTUs due to their capability to monitor remote operations in harsh environments. Wireless intelligent RTUs offer greater flexibility in deployment compared to wired counterparts. They can be easily installed in remote or hard-to-reach locations without the need for extensive cabling infrastructure. Further, wireless intelligent RTUs can seamlessly integrate with Internet of Things (IoT) platforms and cloud-based services, enabling advanced analytics, data visualization, and remote management capabilities. Thus, such factors will drive the intelligent remote terminal unit (RTU) market and segment during the forecast period.

Regional Analysis

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North America is estimated to contribute 30% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. 

Another region offering significant growth opportunities to market players is Europe. One of the main factors that is significantly contributing to the growth of the global intelligent remote terminal unit market is the increasing investments in end-user industries like water and wastewater treatment and oil and gas. 

Moreover, some of the main industries that are significantly fuelling the demand for intelligent RTUs in Europe are oil and gas, chemical and petrochemical, water and wastewater, and power generation industries. Germany, the UK, and France are some of the leading marketplaces for intelligent RTUs in Europe. Furthermore, there is an increase in investment in renewable energy across Nordic countries such as UK and Germany which is also positively impacting the market growth in the region. Hence, such factors are expected to drive the market growth in the region during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Eaton Corp. Plc: The company offers intelligent remote terminal unit such as RTU upgrade solution that reduces the costs and complexity of replacing a legacy system.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Emerson Electric Co., Enilit Ltd., General Electric Co., 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, Westercom s.r.o, and Yokogawa Electric Corp.

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • End-user Outlook 
    • Oil and gas
    • Power generation
    • Chemical
    • Water and wastewater
    • Others
  • Type Outlook 
    • Wireless intelligent RTU
    • Wired intelligent RTU
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market is crucial in sectors like the oil industry, gas industry, and water industry, integrating i-fields and SCADA (Supervisory Control and Data Acquisition) systems. Utilizing Wi-Fi and Zigbee technologies, intelligent terminals like iRTU (Intelligent Remote Terminal Unit) enhance operations by enabling functions such as making payments, providing help information, and placing orders. In retail businesses, they facilitate buying retail goods and managing loyalty schemes to enhance customer experience and foster brand loyalty, ultimately increase sales.

Additionally, leveraging Internet of Things (IoT) technology, they optimize operations in oil wells for data collection and analysis, ensuring efficiency and cost reduction through cloud server and wire transmission and wireless transmission. However, challenges like data security risk and compliance with government rules and regulations require attention. With advancements in automation and control, the market is witnessing growth factors through technological innovations and opportunities analysis for product launches in distributed control systems and field electrical devices, impacting grid technologies and grid inefficiency concerns in monitoring and control technologies.

Besides, the market encompasses a wide array of applications, from local data analysis and equipment diagnosis to global RTU deployment. With a focus on control centers and automation and control in substations, the market emphasizes retrofitting existing infrastructure and collaboration with national agencies to enhance T&D infrastructure. Through segmental overview and size segmentation based on voltage level - including small, medium, and high voltage categories - and deployment type, such as coupling renewable energy installations, the market caters to various sectors like power plants and the oil and gas industry. Leveraging artificial intelligence, machine learning, and blockchain, it integrates state-of-the-art technologies to optimize operations in oilfield zones and beyond.

Intelligent Remote Terminal Unit Market Scope

Report Coverage

Details

Page number

187

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.18%

Market Growth 2024-2028

USD 2.23 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.34

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 30%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Eaton Corp. Plc, Emerson Electric Co., Enilit Ltd., General Electric Co., 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, Westercom s.r.o, and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across Europe, North America, APAC, Middle East and Africa, and South America
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global intelligent remote terminal unit market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global intelligent remote terminal unit market 2018 - 2022 ($ billion)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Oil and gas - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Oil and gas - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Oil and gas - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Oil and gas - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Oil and gas - Year-over-year growth 2023-2028 (%)
    • 6.4 Power generation - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Power generation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Power generation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Power generation - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Power generation - Year-over-year growth 2023-2028 (%)
    • 6.5 Chemical - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Chemical - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Chemical - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Chemical - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Chemical - Year-over-year growth 2023-2028 (%)
    • 6.6 Water and wastewater - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Water and wastewater - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Water and wastewater - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Water and wastewater - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Water and wastewater - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ billion)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Wireless intelligent RTU - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Wireless intelligent RTU - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Wireless intelligent RTU - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Wireless intelligent RTU - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Wireless intelligent RTU - Year-over-year growth 2023-2028 (%)
    • 7.4 Wired intelligent RTU - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Wired intelligent RTU - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Wired intelligent RTU - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Wired intelligent RTU - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Wired intelligent RTU - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key news
              • Exhibit 126: ABB Ltd. - Key offerings
              • Exhibit 127: ABB Ltd. - Segment focus
            • 12.4 Advantech Co. Ltd.
              • Exhibit 128: Advantech Co. Ltd. - Overview
              • Exhibit 129: Advantech Co. Ltd. - Business segments
              • Exhibit 130: Advantech Co. Ltd. - Key offerings
              • Exhibit 131: Advantech Co. Ltd. - Segment focus
            • 12.5 Eaton Corp. Plc
              • Exhibit 132: Eaton Corp. Plc - Overview
              • Exhibit 133: Eaton Corp. Plc - Business segments
              • Exhibit 134: Eaton Corp. Plc - Key offerings
              • Exhibit 135: Eaton Corp. Plc - Segment focus
            • 12.6 Emerson Electric Co.
              • Exhibit 136: Emerson Electric Co. - Overview
              • Exhibit 137: Emerson Electric Co. - Business segments
              • Exhibit 138: Emerson Electric Co. - Key news
              • Exhibit 139: Emerson Electric Co. - Key offerings
              • Exhibit 140: Emerson Electric Co. - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 141: General Electric Co. - Overview
              • Exhibit 142: General Electric Co. - Business segments
              • Exhibit 143: General Electric Co. - Key news
              • Exhibit 144: General Electric Co. - Key offerings
              • Exhibit 145: General Electric Co. - Segment focus
            • 12.8 Honeywell International Inc.
              • Exhibit 146: Honeywell International Inc. - Overview
              • Exhibit 147: Honeywell International Inc. - Business segments
              • Exhibit 148: Honeywell International Inc. - Key news
              • Exhibit 149: Honeywell International Inc. - Key offerings
              • Exhibit 150: Honeywell International Inc. - Segment focus
            • 12.9 Mitsubishi Electric Corp.
              • Exhibit 151: Mitsubishi Electric Corp. - Overview
              • Exhibit 152: Mitsubishi Electric Corp. - Business segments
              • Exhibit 153: Mitsubishi Electric Corp. - Key news
              • Exhibit 154: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 155: Mitsubishi Electric Corp. - Segment focus
            • 12.10 Motorola Solutions Inc.
              • Exhibit 156: Motorola Solutions Inc. - Overview
              • Exhibit 157: Motorola Solutions Inc. - Business segments
              • Exhibit 158: Motorola Solutions Inc. - Key news
              • Exhibit 159: Motorola Solutions Inc. - Key offerings
              • Exhibit 160: Motorola Solutions Inc. - Segment focus
            • 12.11 Moxa Inc.
              • Exhibit 161: Moxa Inc. - Overview
              • Exhibit 162: Moxa Inc. - Product / Service
              • Exhibit 163: Moxa Inc. - Key offerings
            • 12.12 Schneider Electric SE
              • Exhibit 164: Schneider Electric SE - Overview
              • Exhibit 165: Schneider Electric SE - Business segments
              • Exhibit 166: Schneider Electric SE - Key news
              • Exhibit 167: Schneider Electric SE - Key offerings
              • Exhibit 168: Schneider Electric SE - Segment focus
            • 12.13 Schweitzer Engineering Laboratories Inc.
              • Exhibit 169: Schweitzer Engineering Laboratories Inc. - Overview
              • Exhibit 170: Schweitzer Engineering Laboratories Inc. - Product / Service
              • Exhibit 171: Schweitzer Engineering Laboratories Inc. - Key offerings
            • 12.14 Siemens AG
              • Exhibit 172: Siemens AG - Overview
              • Exhibit 173: Siemens AG - Business segments
              • Exhibit 174: Siemens AG - Key news
              • Exhibit 175: Siemens AG - Key offerings
              • Exhibit 176: Siemens AG - Segment focus
            • 12.15 WAGO GmbH and Co. KG
              • Exhibit 177: WAGO GmbH and Co. KG - Overview
              • Exhibit 178: WAGO GmbH and Co. KG - Product / Service
              • Exhibit 179: WAGO GmbH and Co. KG - Key offerings
            • 12.16 Westercom s.r.o
              • Exhibit 180: Westercom s.r.o - Overview
              • Exhibit 181: Westercom s.r.o - Product / Service
              • Exhibit 182: Westercom s.r.o - Key offerings
            • 12.17 Yokogawa Electric Corp.
              • Exhibit 183: Yokogawa Electric Corp. - Overview
              • Exhibit 184: Yokogawa Electric Corp. - Business segments
              • Exhibit 185: Yokogawa Electric Corp. - Key offerings
              • Exhibit 186: Yokogawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis