Remote Terminals Units Expected to Rise, Thanks to Increasing Demand from oil and Gas industry

Remote terminals units are microprocessor-based electronic device that are used in industrial control systems (ICS) to connect various hardware and distributed control systems (DCS). Significant change in power consumption rates is a prominent factor expected to drive the global remote terminal units market in the coming few years. This is mainly due to swelling demands from industries coupled with rise in human populations.

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Further, there is a growing concern for demand-supply mismatch in the power industry, this is causing frequent power outages. In addition to this, rise in the use of electric vehicles has resulted in substantial rise in the transmission and distribution assets loads ability of remote terminal units to manage two-way communication between some power utilities is a prominent factor expected to drive the global remote terminal units market in the coming few years. Apart from this, there are several other factors expected to fuel the remote terminal units market in the coming few years, we have mentioned a few of them below, have a look –

Growing demand for remote terminal units in oil and gas industry, for both in onshore and offshore fields is expected to provide several lucrative opportunities for the remote terminal units market.

Industrial remote terminal units are used for exploration of new oil and gas fields. Surge in governmental and private body investment countries such as the US and Africa is expected to propel the remote terminal units market.

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Further, rise in number of power grids and boost in demand for remote terminal units is poised to offer significant rise for the growth of the remote terminal units market. Furthermore, rise in cross-border connections, surging grid monitoring activities and data analysis are some the major factor likely to accelerate the global remote terminal units in the coming few years.

Remote Control Units to Expand in Developing Nations Attracting More Revenue

Remote terminal unit or RTU is an electronic device based out of microprocessor that are used in industrial control systems or ICS. This is done for connecting different hardware into supervisory control or distributed control systems (DCS) or data acquisition and supervisory control. Remote terminal units are also known as remote telecontrol units or remote telemetry units. The global market for remote terminal units is anticipated to grow significantly in the coming years owing to the rise in the number of power grids that are being installed and upgraded all over the developing economies of the world.

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The increasing population is creating a rise in power consumption rates and its rapidly increasing demand from various industries. The power industry has been facing a mismatch of supply-demand and this is projected to cause resentment in power. Moreover the rise of electrically operated vehicles has also resulted in adding an extra load on the distribution and transmission assets. A smart grid supplies two-way communication between the customers and its power utility. This is done using communication and information technologies. Real-time data can be accumulated by sensors in smart grids. The data that is collected then goes to the control station passing through the remote terminal units in a transmittable format.

Remote terminal units are basically used in industries like chemical and petrochemical, oil and gas, and power. Among these, the oil and gas sector is projected to be dominating the overall market. Geographically, the market for remote terminal units is dominated by the Asia Pacific region and this is because of the initiative taken by developing countries of this region with regard to major projects of oil exploration.

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Remote Terminal Units Market to Significant Growth Foreseen by 2025

Global Remote Terminal Units Market: Snapshot

As increasing number of power grids are being installed and upgraded across several developing nations of the world, the demand for remote terminal units is slated to fire up rapidly on a global basis. Furthermore, the growing cross-border connections alongside rising grid monitoring activities and data analysis are other factors accelerating the growth of the global market for remote terminals.

New products are being launched by several major companies. For example, in May 2017, ABB introduced its CMS-700 energy monitor and control unit in order to provide easy access while collecting data and analyzing it. Featuring an advanced open-core sensor, the new system helps in the management and optimization of energy efficiency. Similarly, an upgraded version of its dynamic lift optimization (DLO) software by Emerson incorporates an advanced remote terminal unit. The solution has been designed to reduce footprint as well as weight, when compared with a conventional system.

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The emerging markets such as Indonesia, Malaysia, China, India, Nigeria, Brazil, Singapore, and Argentina are hubs of opportunities for the progress of the global market for remote terminal units. The growing popularity of automation across a number of industries has enabled greater deployment of this multipurpose device. Because the most important components of remote terminal units are storage, processor and memory, it is quite similar to a computer. As a result, remote terminal units are being increasing used as an intelligent or master controller of other devices, enhancing the process of automation. Over the oncoming years, the international demand for remote terminal units is therefore expected to multiply.

Remote Terminal Units Market: General Outline

A remote terminal unit is a microprocessor-based device, connected to process equipments, transmitters or sensors, for the purpose of remote telemetry and control. RTUs with the aid of appropriate sensors, monitor the status of the process via digital and analogue inputs. They provide control outputs to switch plant such as circuit breakers and tap changers. In the oil and gas industry, during the drilling process, RTUs are used to transmit drilling mechanics, and rock formation information up-hole, in real time. These services are known as logging while drilling and measurement while drilling, Schlumberger’s Pulse Technology is a perfect example of this. During the process of drilling, tools use this methodology to send information acquired thousands of feet below the ground. The pressure wave is then translated into a useful information after DSP (Digital Signal Processing) and noise filters, and is later used for drilling optimization, formation evaluation, and geosteering.

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Remote Terminal Units Market: Comprehensive Overview

The advent of improved technology for process monitoring and data transmission has dominated the market drivers for remote terminal units. With improved SCADA (Supervisory Control and Data Acquisition) regulations by various governments across the globe, and increased threat of data security, organizations are now looking at the latest technologies for remote terminal units.

Developing markets and new drilling areas also contribute to the growth of the RTU market for oil and gas sectors. Despite the growth factors, the industry does face a few challenges. In the European and North American region, RTU system has been established since the 1970s, and there remains no scope for new installations, in other words, markets of these regions have reached a saturation point. Also, significant financial investment is required to lay down a network across regions and to establish RTUs at inaccessible locations. However, with new fields being discovered in the Asia Pacific region, there is a scope for growth.

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Remote Terminal Units Market: Segment Overview

Based on the mode of application, the RTU industry is classified into: RTUs for Oil and Gas Wells and RTUs for Compressor, Pump or Valve Stations. A further classification can be made on the basis of the industry such as power, oil exploration or pipeline management. Also, based on the connectivity, RTUs may use telephone hard lines or wireless transmission systems.

Geographically, the remote terminal units market is currently concentrated in the Asia Pacific region due to initiation of major oil exploration projects as well as power grid expansion in India, China, Malaysia, and Indonesia. In the Rest of the World, the Middle East, Africa, and Latin America is also witnessing a similar trend. Whereas, the European and North American regions are expected to see a significant decline in the demand of RTUs, as the market already has a well-established SCADA network.

Remote Terminal Units Market: Key Market Players

Some of the major companies involved in the manufacture and integration of remote terminal units are: TopRank Corporation Sdn. Bhd., ABB Ltd., Schneider Electric SE, Siemens AG, General Electric Company, and Schweitzer Engineering Laboratories, Inc.

Growing Concerns for Data Security Propel Global Remote Units Market

San Francisco, California, August 22, 2017 : The global remote terminal units market is prognosticated to witness a robust potential for growth with the surging advent of technological advancements in process monitoring and data transmission. TMR Research expects the market expansion to be bolstered by the improving SCADA (Supervisory Control and Data Acquisition) regulations, rising threats against data security, and the boost of the automation industry. According to a report by the market research company, titled, “Remote Terminal Units Market – Global Industry Analysis, Market size, Share, Growth, Trends and Forecast 2017 – 2025,” a number of these factors are predicted to significantly contribute to the hike in demand of remote terminal units.

Despite the substantial propulsive factors mentioned, the worldwide market for remote terminal units is anticipated to face a few hardships. The Remote Terminal Units (RTU’s) have become saturated systems in some parts of the world, with no scope for new installations. Retrofitting of existing switchgears and control systems can prove to be a herculean task. Moreover, installing new RTU networks across inaccessible locations requires considerable investment. However, discovery of new fields, and the rapidly developing gas and oil industries are expected to provide the necessary impetus to the market in the coming years. Subsequently, market players are expected to experience a sizable industry growth.

During the forecast period of 2017 to 2025, developing markets for remote terminal units such as Asia Pacific are predicted to set the grounds for a noticeable growth in the industry. The geographical segmentation offered in the report clarifies that, the primary revenue achieved by these regional markets could be a result of discovery of new fields in this region. One of the important factors projected to fuel the growth of international remote terminal units market growing implementation SCADA regulations across the world. The burgeoning requirements of data security globally are expected to aid in the business growth.

Players participating in the global remote terminal units market could foresee robust growth prospects on account of the initiation of significant oil exploration and power grids across countries like China, Malaysia, Indonesia and Malaysia. Countries in the Middle East, Latin America and Africa are also predicted to foresee a similar trend. Market players such as General Electric Company, Siemens AG, Schneider Electric SE and TopRank Corporation are expected to make their presence known in the market.

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