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Remote Monitoring and Control Market by Solutions, Field Instruments, Industry and Region - Global Forecast to 2023

Remote Monitoring and Control Market: Global Forecast until 2023

  • July 2017
  • 157 pages
  • ID: 5012870
In this report:
The market for field instruments of remote monitoring and control in chemicals industry is expected to be valued at USD ##,##.## million in 2017 and is projected to grow at the highest CAGR of ##.##% during the forecast period.
Field instruments in remote monitoring and control market is expected to grow at the highest CAGR of ##.##% for chemicals industry during 2017-2023.

Summary

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"Remote monitoring and control market to exhibit significant increase potential between 2017 and 2023"

The remote monitoring and control market is anticipated to grow at a compound annual growth rate (CAGR) of ~4.5 percent between 2017 and 2023 to attain ~$27.1B by 2023. The main driving factors for the increase ot the remote monitoring and control market are growing demand for industrial automation and optimum utilization of assets and increasing demand for industrial mobility for remotely managing the industrial process.

"Oil & gas sector maintains the biggest industry size for field instruments in remote control and monitoring market"

Field instruments are widely deployed across the value chain of the oil & gas market to take multiple measurements regarding mass flow, level detection, temperature, and pressure. Triggered by increasing energy demand from emerging economies, huge oil & gas exploration and production activities especially in nonconventional petroleum production during the past decade years created a huge installation base for field instruments in the oil & gas sector global.

"Asia-Pacific to be the quickest developing market for remote monitoring and control during the outlook period"

Asia-Pac is an emerging market for the remote monitoring and controls. Power, chemicals, and water and wastewater sector are forecast to steer the market increase in APAC lead by China (CN) and India (IN). Increasing energy demand, emphasis to conserve water and firm regulation pertaining to industrial wastewater disposal are some top factors to drive the increase of the market in Asia-Pacific. The SCADA system in the power market affords effective transmission and distribution in several substations.

The break-up of the profiles of primary members taking part for the market research has been provided below:

• By Company category: Tier 1 = 30.0 percent, Tier 2 = 35.0 percent, and Tier 3 = 35.0 percent

• By Description: C-suite executives = 55.0 percent, D-Level Executives = 30.0 percent, and Others = 15.0 percent

• By Area: North America continent = 20.0 percent, EU = 35.0 percent, Asia-Pac = 35.0 percent, and RoW = 10.0 percent

The top players in the sector contain Emerson Electric (NYSE:EMR), Honeywell (NYSE:HON), Schneider Electric (SU), General Electric (NYSE:GE), ABB Ltd. (NYSE:ABB), Rockwell Automation (NYSE:ROK), Yokogawa Electric (TYO:6841), Endress+Hauser AG, and Fuji Electric Co., Limited.

Segment Research

The research report on the overall remote monitoring and control market covers distinct segments-type, sector, and territory. The market has been split on the basis of type into solutions (SCADA and emergency shutdown system) and field instruments (pressure transmitters, temperature transmitters, humidity transmitters, level transmitters, and flowmeters). Futhermore, the remote monitoring and control market has been split on the basis of sectors into oil & gas, metals & mining, chemicals, pulp & paper, power, food & beverage, water and wastewater, and pharmaceuticals. The industry report includes four main geographic regions-North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, study, and estimate for the sector established on category, market, and area have been organized to give an global view of the remote monitoring and control market.

The value chain study included in the study to offer a detailed insight into the remote monitoring and control market.

The main drivers, market restraints, alternatives, and opportunities for the remote monitoring and control market have been precised in this industry report.

The analysis includes an exhaustive competitive analysis together with top players, complete study, and revenue of main actors.

DIVE matrix provided in the market research contributes detailed review of different manufacturers in the remote monitoring and control market and listed them in dynamic differentiators, innovators, visionary leaders, and emerging firms.

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