Asia Pacific region to witness a high CAGR growth in the RTU in the Smart Grid market.
The global RTU in the Smart Grid market was estimated at USD 267 million in 2021 and is anticipated to reach around USD 410 million by 2030, growing at a CAGR of roughly 5.5% between 2022 and 2030. The global RTU in Smart Grid market research report offers an in-depth analysis of the worldwide market size, further segmented into the regional and country-level market size and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
RTU in Smart Grid Market: Overview
An RTU is a device that transfers real-time information to distributed control systems. SCADA and RTUs are used together in intelligent grids to collect data. Field electrical devices like sensors that transmit signals to the RTUs are connected to the RTUs. The RTU’s primary job is to transform sensor signals into digital signals, which are then encoded and sent to the control center.
Browse the full “RTU in Smart Grid Market Size, Trends and Insights By Size (Small, Medium, Large), By Voltage (High Voltage, Medium Voltage, Low Voltage), By Deployment (Equipment of Intelligent Secondary Unit S/S, Coupling of Renewable Energy Installations, Equipment of Distribution Stations), By Application (Company Power Sector, Power Plant), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/rtu-in-smart-grid-market/
Growth Factors
Due to the improved government rules and regulations for SCADA worldwide and the increased data security risk, organizations are now focusing on cutting-edge technologies for remote terminal units. Furthermore, rising automation and control in substations is a significant driver of remote terminal unit growth. However, the difficulty of retrofitting existing infrastructure is limiting market growth. The initiatives spearheaded by various national agencies to upgrade T&D infrastructure represent a significant opportunity for developing innovative grid technologies capable of addressing grid inefficiency concerns. Monitoring and control technologies are critical enablers for increasing grid efficiency.
Segmental Overview
The RTU market in the Smart Grid market is divided into three segments: type, voltage level, and application. The market is classified into three sizes based on size segmentation: small, medium, and large. The voltage segmentation is categorized into high voltage level, medium voltage level, and low voltage level. The high-level voltage segment dominated the segment. The deployment type segment includes coupling renewable energy installations, equipment of intelligent secondary unit s/s, and equipment of distribution stations. In terms of application, the market is divided into two sectors: power plants and company power.
Regional Overview
The Asia Pacific is estimated to be the fastest-growing region in the RTU in the Smart Grid market. The market is divided into five geographical regions: North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. Regarding demand generation, the North American region dominates the global Remote Terminal Unit (RTU) Smart Grid market. The Remote Terminal Unit (RTU) market in the Asia Pacific region is expected to grow significantly. The regional market is subdivided and analyzed at a detailed level across critical countries.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 267 Million |
| Projected Market Size in 2030 | USD 410 Million |
| CAGR Growth Rate | 5.5% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | ABB, Schneider Electric, Siemens, Iskra Sistemi, General Electric, Honeywell, Schweitzer Engineering, Red Lion, Wescon Group, Dongfang Electronics, Nari Group, TopRank, Prestigious Discovery, Arliscoputra Hantama, and Others |
| Key Segment | By Size, Voltage, Deployment, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players Insights
Our market analysis of the RTU in Smart Grid also involves a separate section dedicated to major players operating in the market. Our analysts offer an understanding of the financial statements of all the key participants, their product portfolios and SWOT analysis. Moreover, the report also offers a competitive landscape chapter, including strategic key development, market share, and global market ranking analysis of the players mentioned. Additionally, we offer our clients leverage to modify the list of players mentioned in our report as a part of our free customization.
Key players:
- ABB
- Schneider Electric
- Siemens
- Iskra Sistemi
- General Electric
- Honeywell
- Schweitzer Engineering
- Red Lion
- Wescon Group
- Dongfang Electronics
- Nari Group
- TopRank
- Prestigious Discovery
- Arliscoputra Hantama
The global RTU in the Smart Grid market is segmented as follows:
By Size
- Small
- Medium
- Large
By Voltage
- High Voltage
- Medium Voltage
- Low Voltage
Deployment
- Equipment of Intelligent Secondary Unit S/S
- Coupling of Renewable Energy Installations
- Equipment of Distribution Stations.
By Application
- Company Power Sector
- Power Plant
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America