Remote Monitoring and Control Market is expected to reach USD 23 Billion by Forecast to 2023


Posted July 27, 2017 by Son1ane

Remote Monitoring and Control Market, By Component (Solution, Instruments) - Forecast 2023

 
Market Highlights:
The remote monitoring and control system accumulates various information types such as bytes, packets among others. The system also uses certain network devices and contains network management. It controls the network by using its servers and applications simultaneously.

Factors such as growth in power industry and increasing in industrial automation are the factors boosting the growth of the remote monitoring and control market. The market is estimated to have a high growth rate over the forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Remote Monitoring and Control Market”.

Major Key Players:
• Honeywell International Inc. (US)
• Emerson Electric Co. (US)
• Rockwell Automation, Inc. (US)
• Schneider Electric SE (France)
• ABB Ltd. (Switzerland)
• Yokogawa Electric Corporation (Japan)
• General Electric Co. (US)
• Fuji Electric Co., Ltd. (Japan)
• Endress+Hauser AG (Switzerland)

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Remote Monitoring and Control Market
According to Market Research Future, market has been segmented into component, end-users and region.

On the basis of component, the market has been bifurcated into solutions and instruments. Out of these components, instruments accounted for the largest market share because field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure.

On the basis of region, the market has been segmented into North-America, Europe, Asia-Pacific and Rest of the world. North American region dominated the remote monitoring and control market.

Market Research Future Analysis:
The global Remote Monitoring and Control Market is expected to grow significantly over the forecast period, 2017-2023. Power segment of remote monitoring and control market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

Asia-Pacific region is expected to boost the market over the forecast period, 2017-2023. Countries such as India and China contributes largely to the growth of the market. The reason is attributed to the growing industries such as power, chemicals in these region, increasing demand for energy and emphasis to conserve water. Furthermore, remote monitoring and control market has an immense scope in this region majorly due to various regulations pertaining to industrial wastewater disposal.

Segments:
For the purpose of this study, Market Research Future has segmented the market of remote monitoring and control into component end-users and region.
Component
• Solutions
• Instruments
End-users
• Chemicals
• Oil & Gas
• Metals
• Mining
• Power
• Food & Beverages
• Water and Wastewater
• Pharmaceuticals
• Others

Region
• North-America
• Europe
• Asia-Pacific
• Row

Regional Analysis:
Regionally, North-America accounted for the largest market share majorly due to presence of large numbers of enterprises, increasing adoption of remote monitoring and control by the pharmaceuticals industry and increasing automation. However, Asia-Pacific region is expected to boost the growth of the remote monitoring and control market majorly due to rising demand for utilization of resources and to achieve excellence in various industries.

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Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

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Issued By Kiran Sonawane
Country India
Categories Electronics , Semiconductors , Telecom
Tags remote monitoring and control market , remote monitoring and control market forecast , remote monitoring and control market growth , remote monitoring and control market size
Last Updated July 27, 2017