The report on the global Remote monitoring and control market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
The global market for remote monitoring as well as control system is facilitating proficient controlling and monitoring of processes in several industries like oil & gas, water & wastewater, power generation, and chemicals. Different field instruments are being utilized for supervising process parameters like temperature, flow rate, pressure, level, in various applications of process industries.
there is an increasing demand for optimal consumption of resources to achieve excellence of asset in several process industries.
KEY PREMIUM INDUSTRY INSIGHTS
- The market growth of remote monitoring and control is driven by a range of factors such as asset excellence, rising demand for manufacturing automation, and need for industrial mobility in the process industry. Remote control and monitoring solutions like emergency shutdown system are estimated to expand with maximum rate over the forecast period.
- Process control and industrial automation are rapidly increasing with the SCADA integration along with mobility solutions and field instruments like tablets, smart phones, and certain other solutions are boosting the growth of global remote monitoring and control market.
- One of the major hindering factors of the global remote monitoring and control market is the decreasing prices of petroleum. This in turn is adversely affecting bottom lines of key players involved in the value chain of oil & gas industry. Therefore, it would hampering the growth of remote monitoring and control market globally.
Regionally, the global market for remote monitoring and control is segmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa.
Among these, the Asia-Pacific region is anticipated to expand at the highest rate in the global market for remote monitoring and control in the years to come. Chemicals power as well as water and wastewater industries are anticipated to drive the market growth of remote monitoring and control system in this region.
Escalating Investments done in wastewater management as well as increasing consumption of primary energy are certain factors that will boost the market growth for remote control and monitoring system in the region.
KEY MARKET PLAYERS
Key players in the remote monitoring and control market include:
- Emerson Electric Co.
2. ABB Ltd.
3. Siemens AG
4. Honeywell International Inc.
5. Schneider Electric Se
6. Endress+Hauser AG
7. General Electric Co.
8. Rockwell Automation Inc.
9. Yokogawa Electric Corporation
10. Fuji Electric Co., Ltd.
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