What is Remote Monitoring and Control Market?
Remote monitoring and control systems are used to efficiently monitoring and controlling of large or complex facilities such as factories, power plants, network operation centers, airports and wastewater. This involves the installment of software and managing all activities on the systems/network, workstations, servers or endpoints of a client, from a remote location.
Highlights from Remote Monitoring and Control Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Emerson Electric Co. (United States), ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (United States) , Schneider Electric Se (France), Endress+Hauser AG (Switzerland), General Electric Co. (United States), Rockwell Automation Inc. (United States), Yokogawa Electric Corporation (Japan) and Fuji Electric Co. (Japan) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Remote Monitoring and Control market throughout the forecasted period.
Emerson Electric Co. (United States), ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (United States) , Schneider Electric Se (France), Endress+Hauser AG (Switzerland), General Electric Co. (United States), Rockwell Automation Inc. (United States), Yokogawa Electric Corporation (Japan) and Fuji Electric Co. (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Krohne Messtechnik GmbH (United Kingdom) and Dwyer Instruments, Inc. (United States). Remote Monitoring and Control Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Oil Industry, Chemical Industry, Wastewater Treatment, Food Industry and Others |
Type | Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Gauge and Flow Meter |
On the basis of geography, the market of Remote Monitoring and Control has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Technologically Advanced Components
Market Growth Drivers:
Rising Demand for Industrial Automation and Optimum Utilization and Efficiency of Assets and Increased Demand for Industrial Mobility for Remotely Managing the Process Industry
Challenges:
Cyber Security Risks for SCADA System Expected to Hamper the Growth of Market
Restraints:
Downfall in Petroleum Prices—A Bane for Global Process Industries
Opportunities:
Increasing Demand for Field Instrument Integration With SCADA System and Increasing Demand from End-users
Key Target Audience
Remote Monitoring and Control Providers, Emerging Companies, Research Professionals and End-users