Remote Monitoring and Control Market expected to reach $32.3 billion by 2027

 

The report "Remote Monitoring and Control Market by Type(Solutions (SCADA, Vibration Monitoring), Field Instruments (Level Transmitters, Pressure Transmitters, Temperature Transmitters, Intelligent Flow Meters)), Industry and Region - Global Forecast to 2027" The global remote monitoring and control market is foreseen to grow from USD 24.6 billion in 2022 to USD 32.3 billion by 2027, at a CAGR of 5.6% during 2022−2027. The surging demand for Industry 4.0 technologies in the process and manufacturing industries and the growing adoption of industrial mobility solutions across manufacturing industries are some major factors that are driving the growth of the remote monitoring and control market.

• Informational PDF Brochure :-

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Browse 189 market data Tables and 65 Figures spread through 240 Pages and in-depth TOC on "Remote Monitoring and Control Market by Type(Solutions (SCADA, Vibration Monitoring), Field Instruments (Level Transmitters, Pressure Transmitters, Temperature Transmitters, Intelligent Flow Meters)), Industry and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/remote-device-monitoring-control-market-165453197.html

Oil & gas segment is expected to account for the largest share remote monitoring and control market in 2022

Remote monitoring and control of data in the oil & gas industry include tracking parameters such as temperature, pressure, flow rate, tank level, voltage, amperage, and motor torque. The industry players have been implementing new automation and digital technologies to achieve high productivity, reduce waste, address labor shortages, and replace unhealthy, dangerous, and repetitive tasks. Field instruments such as intelligent flow meters, pressure transmitters, and temperature transmitters are used for remote monitoring and controlling oil and gas exploration and production. These instruments help maintain the near-real-time visibility of the pressure, temperature readings, and other relevant parameters.

SCADA solution segment is projected to register the highest CAGR in the remote monitoring and control market during the forecast period

SCADA systems are used by various manufacturers across numerous industries and applications to remotely monitor and automate the control of industrial processes and machines. SCADA software is the backbone of a SCADA system. The software system provides trending, diagnostic data and information and performs the task of monitoring and analyzing the data that is further useful to the system for communicating the system issues to the operator to lower the downtime. The main advantages of software offering are real-time data storage, continuous system monitoring, alarm checking, and management of confidential data. SCADA software helps the operator enhance the workflow, assist in faster decision-making, reduce errors, identify the cause of a problem, and improve plant operations.

US is expected to account for a significant share of North American market from 2022 to 2027

The US is projected to account for the major share of the North American remote monitoring and control market from 2022 to 2027. The rising demand for the SCADA system for industrial automation has revolutionized the US remote monitoring and control market. Major players in the remote monitoring and control market, such as Emerson Electric, Rockwell Automation, and Honeywell International, are based in the US and are constantly focused on improving their offerings to cater to the increasing demand from end-user industries.

Emerson Electric (US), Honeywell International (US), Siemens (Germany), Schneider Electric (France), and ABB (Switzerland) are the top five players in the remote monitoring and control market.

Don’t miss out on business opportunities in Remote Monitoring and Control Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062

Remote Monitoring and Control Market expected to reach $32.3 billion by 2027

 

The report "Remote Monitoring and Control Market by Type(Solutions (SCADA, Vibration Monitoring), Field Instruments (Level Transmitters, Pressure Transmitters, Temperature Transmitters, Intelligent Flow Meters)), Industry and Region - Global Forecast to 2027" The global remote monitoring and control market is foreseen to grow from USD 24.6 billion in 2022 to USD 32.3 billion by 2027, at a CAGR of 5.6% during 2022−2027. The surging demand for Industry 4.0 technologies in the process and manufacturing industries and the growing adoption of industrial mobility solutions across manufacturing industries are some major factors that are driving the growth of the remote monitoring and control market.

• Get Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165453197

Browse 189 market data Tables and 65 Figures spread through 240 Pages and in-depth TOC on "Remote Monitoring and Control Market by Industry and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/remote-device-monitoring-control-market-165453197.html

Oil & gas segment is expected to account for the largest share remote monitoring and control market in 2022

Remote monitoring and control of data in the oil & gas industry include tracking parameters such as temperature, pressure, flow rate, tank level, voltage, amperage, and motor torque. The industry players have been implementing new automation and digital technologies to achieve high productivity, reduce waste, address labor shortages, and replace unhealthy, dangerous, and repetitive tasks. Field instruments such as intelligent flow meters, pressure transmitters, and temperature transmitters are used for remote monitoring and controlling oil and gas exploration and production. These instruments help maintain the near-real-time visibility of the pressure, temperature readings, and other relevant parameters.

SCADA solution segment is projected to register the highest CAGR in the remote monitoring and control market during the forecast period

SCADA systems are used by various manufacturers across numerous industries and applications to remotely monitor and automate the control of industrial processes and machines. SCADA software is the backbone of a SCADA system. The software system provides trending, diagnostic data and information and performs the task of monitoring and analyzing the data that is further useful to the system for communicating the system issues to the operator to lower the downtime. The main advantages of software offering are real-time data storage, continuous system monitoring, alarm checking, and management of confidential data. SCADA software helps the operator enhance the workflow, assist in faster decision-making, reduce errors, identify the cause of a problem, and improve plant operations.

US is expected to account for a significant share of North American market from 2022 to 2027

The US is projected to account for the major share of the North American remote monitoring and control market from 2022 to 2027. The rising demand for the SCADA system for industrial automation has revolutionized the US remote monitoring and control market. Major players in the remote monitoring and control market, such as Emerson Electric, Rockwell Automation, and Honeywell International, are based in the US and are constantly focused on improving their offerings to cater to the increasing demand from end-user industries.

Emerson Electric (US), Honeywell International (US), Siemens (Germany), Schneider Electric (France), and ABB (Switzerland) are the top five players in the remote monitoring and control market.

Don’t miss out on business opportunities in Remote Monitoring and Control Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Remote Monitoring and Control Market expected to reach 27.11 Billion USD by 2023

 

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165453197

Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market - Global Forecast to 2023"

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assetsand rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

The major players involved in this market include Emerson Electric Co. (US), Honeywell International Inc.  (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc.  (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd.  (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Remote Monitoring and Control Market worth 27.11 Billion USD by 2023

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165453197

Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market"

The Major Players involved in this market include Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd. (Japan).

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assetsand rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Remote Monitoring and Control Market worth 27.11 Billion USD by 2023

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

• Download Informational PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165453197

Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market"

 

The major players involved in this market include Emerson Electric Co. (US), Honeywell International Inc.  (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc.  (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd.  (Japan).

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assetsand rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

About MarketsandMarkets™                                             

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Remote Monitoring and Control Market worth 27.11 Billion USD

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165453197

Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market - Global Forecast to 2023"

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assets and rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

• Ask for Sample Pages of Report :- https://www.marketsandmarkets.com/requestsampleNew.asp?id=165453197

The major players involved in this market include Emerson Electric Co. (US), Honeywell International Inc.  (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc.  (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd.  (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Remote Monitoring and Control Market Insights 2017-2023 by Players: Emerson Electric Co. - Market Study

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

The Major Players involved in this market include Emerson Electric Co. (US), Honeywell International Inc.  (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc.  (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd.  (Japan).

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165453197

Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market"

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assetsand rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Remote Monitoring and Control Market worth 27.11 Billion USD by 2023

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

• Download Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165453197

Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/remote-device-monitoring-control-market-165453197.html

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assetsand rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

• Sample Pages of Report :-https://www.marketsandmarkets.com/requestsampleNew.asp?id=165453197

The major players involved in this market include Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd. (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh MarketsandMarkets™ 701 Pike Street, Suite 2175, Seattle, WA 98101, United States 1-888-600-6441 sales@marketsandmarkets.com