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RTU in Smart Grid Market Size, Share, Trends Analysis Forecast 2020-2026
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
Industry Insights
[110+ Pages Report] According to the report published by Facts Factors, the global RTU in smart grid market size was worth around USD 285 million in 2019 and is predicted to grow to around USD 400 million by 2026 with a compound annual growth rate (CAGR) of roughly 5.1% between 2020 and 2026. The report analyzes the global RTU in smart grid market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the RTU in smart grid market.
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.
Key Insights from Primary Research
- As per our primary respondents, the global RTU in smart grid marketis set to grow annually at a rate of around 5.1%
- It was established through primary research that the RTU in smart grid market was valued at around USD 285 Million in 2019
- North America is presently holding the largest revenue share among all the regions and is further projected to maintain its position throughout the forecast period
- High voltage level segment holds maximum share of more than 40% in 2019
- Small size remote terminal unit (RTU) is expected to witness highest CAGR during the forecast period
- On the basis of application segmentation, ‘company power sector’ segment held the leading share at more than 75%, in 2019
Key Recommendations from Analysts
- As per our analysts, in the global RTU in smart gridmarket, Asia Pacific region has tremendous caliber to grow notably and is witnessing growth with a CAGR of more than 6%over the forecast period
- General Electric is expected to continue its leading position in the global RTU in smart grid market
- Our team of analysts hasanalyzed that Chinese manufacturers are consistently increasing their share in the global pie owing to their price ranging
- Medium voltage level segment is expected to register highest growth rate during the analysis period
- Power plant application segment is estimated to grow with highest growth rate in the application category
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.
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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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
- Netcontrol
The taxonomy of the RTU in Smart Grid Market by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Small Size
- Medium Size
- Large Size
By Voltage Level Segmentation Analysis
- High Voltage Level
- Medium Voltage Level
- Low Voltage Level
By Deployment Segmentation Analysis
- Coupling of Renewable Energy Installations
- Equipment of Intelligent Secondary unit s/s
- Equipment of Distribution Stations
By Application Segmentation Analysis
- Power Plant
- Company Power Sector
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:
- Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
- Direct and Indirect Rationales Impacting the Industry
- In-depth and Micro Analysis of Viable Segments and Sub-segments
- Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
- Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
- Key Buyers and End-Users Analysis
- Value Chain and Manufacturing Cost Structure Analysis wherever relevant
- Key Marketing Strategies as well as Key Sales Channels adopted in the market
- Investment Opportunity Analysis & Patents Analysis wherever feasible
- Technological Road Map & Technical Analysis
- Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)
Table of Content
Industry Major 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
- Netcontrol
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