Remote Monitoring and Control Market Global Key Vendors, Segmentation, Applications, Sales Revenue, Development Strategy, Growth Potential, Analysis and Business Distribution
(firmenpresse) - Market Highlights
Remote monitoring and control devices facilitate the efficient management of industrial processes. It is used for supervision and control. In this report circulated by Market Research Future (MRFR), the global remote monitoring and control market is anticipated to register 5% CAGR over the forecast period 2017 to 2023. The market is expected to reach a valuation of USD 23 Bn by the end of the assessment period.
Various factors are propelling the global remote monitoring and control market growth. According to the latest MRFR report, such factors include growing industrial automation demand, need for industrial mobility, burgeoning demand from different industries like space crafts, network operation centers, factories, & airports, optimum use and efficiency of assets, and growing awareness regarding energy efficiency.
On the contrary, high implementation cost, challenges in the implementation of services, and the downfall of petroleum prices, and the ongoing COVID-19 impact are factors that may limit the global remote monitoring and control market growth over the forecast period.
Segmentation:
The MRFR provides an inclusive segmental analysis of the global remote monitoring and control industry based on component and end user.
By component, the global remote monitoring and control market is segmented into instruments and solutions. Of these, the instruments segment will lead the market over the forecast period as field instruments are the fundamental building blocks for remote process parameters measurement like pressure, temperature, point level detection, continuous level detection, and mass flow.
By end users, the global remote monitoring and control market is segmented into pharmaceuticals, water and wastewater, food and beverages, power, mining, metals, oil and gas, chemicals, and others. Of these, the power segment will dominate the market over the forecast period.
Regional Analysis
The regional analysis of the global remote monitoring and control market is carried on in this report for a detailed study. It studies the global market on the basis of four key regions - North America, Europe, Asia, and Rest of the World (ROW). These regions are studied further on the basis of country-level markets. North America is expected to witness a sharp rise in the growth curve of the regional remote monitoring and control market which can be attributed to the increased rate of adoption of these devices in the industries. Asia Pacific, too, is a major market that resonates strong growth potential. The expansion of the end-user industries in the region is projected to unleash growth opportunities for the remote monitoring and control market players operating in the region.
Key Players
Notable players profiled in the global remote monitoring and control market report include Endress+Hauser AG (Switzerland), Fuji Electric Co., Ltd. (Japan), General Electric Co. (US), Yokogawa Electric Corporation (Japan), ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Emerson Electric Co. (US), and Honeywell International Inc (US), among others. Industry players have encompassed various strategies to stay ahead in the competition, such as R&D, mergers and acquisitions, product launches, to name a few.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/remote-monitoring-control-market-3882
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Datum: 18.09.2020 - 12:23 Uhr
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