Remote Monitoring and Control Market Size, Share, and Analysis, By Action (Monitoring, Control), By Type (Solutions(SCADA, Vibration monitoring), Field instruments(Level Transmitters, Pressure Transmitters, Temperature Transmitters, Intelligent Flow Meters)), By End user (Oil and gas, Power generation, Food and beverage, Water and wastewater, Chemical, Others) and Regional Forecasts, 2022-2032
Remote Monitoring and Control Market Size, Share, and Analysis, By Action (Monitoring, Control), By Type (Solutions(SCADA, Vibration monitoring), Field instruments(Level Transmitters, Pressure Transmitters, Temperature Transmitters, Intelligent Flow Meters)), By End user (Oil and gas, Power generation, Food and beverage, Water and wastewater, Chemical, Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
The Remote Monitoring and Control market size was USD 16.78 billion in 2021 and projected t%li%%li%grow from USD 20.5 billion in 2023 t%li%%li%USD 50.6 billion by 2032, exhibiting a CAGR of 10.6% during the forecast period.
Remote Monitoring and Control (M&C) systems were designed t%li%%li%organize and control complex facilities like power plants, network operation centers, factories, airports etc. with a certain degree of automation. Data may be received t%li%%li%Monitoring and Control systems from sensors, user inputs, telemetry streams and pre-programmed procedures. The software may send telecommunication t%li%%li%computer systems, actuators or for few other devices.
MARKET HIGHLIGHTS
Global Remote Monitoring and Control market is expected t%li%%li%reach USD 50.6 billion at a CAGR of 10.6% during forecast period owing t%li%%li%the discovery of wireless technology has enabled easier and faster implementation of remote monitoring and control systems. The implementation cost of remote monitoring and control solutions is low resulting in mobilizing the market. The adoption of remote monitoring and control solutions is increasing owing t%li%%li%the shortage of resources, as a single resource helps in monitoring multiple production lines, resulting in reduced costs.
Remote Monitoring and Control Market Segments:
Growth Drivers
Increasing Adoption of Remote Operating is Expected t%li%%li%Boost Market Growth
Requirement of Remote Monitoring Field Instruments is Expected t%li%%li%Boost Market Growth
Restraint
High Costs of Installation May Hamper the Market Growth
Key Players
Global Laboratory Temperature Control Units Market is further segmented by region into:
PRODUCT OVERVIEW
The Remote Monitoring and Control market size was USD 16.78 billion in 2021 and projected t%li%%li%grow from USD 20.5 billion in 2023 t%li%%li%USD 50.6 billion by 2032, exhibiting a CAGR of 10.6% during the forecast period.
Remote Monitoring and Control (M&C) systems were designed t%li%%li%organize and control complex facilities like power plants, network operation centers, factories, airports etc. with a certain degree of automation. Data may be received t%li%%li%Monitoring and Control systems from sensors, user inputs, telemetry streams and pre-programmed procedures. The software may send telecommunication t%li%%li%computer systems, actuators or for few other devices.
MARKET HIGHLIGHTS
Global Remote Monitoring and Control market is expected t%li%%li%reach USD 50.6 billion at a CAGR of 10.6% during forecast period owing t%li%%li%the discovery of wireless technology has enabled easier and faster implementation of remote monitoring and control systems. The implementation cost of remote monitoring and control solutions is low resulting in mobilizing the market. The adoption of remote monitoring and control solutions is increasing owing t%li%%li%the shortage of resources, as a single resource helps in monitoring multiple production lines, resulting in reduced costs.
Remote Monitoring and Control Market Segments:
- By Action
- Monitoring
- Control
- By Type
- Solutions
- Field Instruments
- By End User
- Oil and gas
- Power generation
- Food and beverage
- Water and wastewater
- Chemical
- Others
Growth Drivers
Increasing Adoption of Remote Operating is Expected t%li%%li%Boost Market Growth
Requirement of Remote Monitoring Field Instruments is Expected t%li%%li%Boost Market Growth
Restraint
High Costs of Installation May Hamper the Market Growth
Key Players
- ABB Ltd
- Cummins
- Emerson Electric Co
- Endress+Hauser AG
- Danfoss A/S
- Fuji Electric Co., Ltd
- ITarian LLC
- Le%li%%li%Tech
- Omega Engineering, Inc.
- OMRON Corporation
- Schneider Electric SE
- Rockwell Automation, Inc
- Teracom Ltd
- Larsen & Toubro
- Yokogawa Electric Corporation
- Other Prominent Players
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%%li%witness the fastest growth as well as t%li%%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%%li%come
- 3-month post-sales analyst support.
1 EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Remote Monitoring and Control Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Remote Monitoring and Control Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 REMOTE MONITORING AND CONTROL MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 REMOTE MONITORING AND CONTROL MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Action
11.3.1.1. Monitoring
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Control
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.2. By Type
11.3.2.1. Solutions
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Field instruments
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3. By End user
11.3.3.1. Oil and gas
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Power generation
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.3. Food and beverage
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.4. Water and wastewater
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.5. Chemical
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.6. Others
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Action
12.3.2. By Type
12.3.3. By End user
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Action
13.3.2. By Type
13.3.3. By End user
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Action
14.3.2. By Type
14.3.3. By End user
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Action
15.3.2. By Type
15.3.3. By End user
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Action
16.3.2. By Type
16.3.3. By End user
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. ABB Ltd
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Cummins
18.3. Emerson Electric Co
18.4. Danfoss A/S
18.5. Fuji Electric Co,Ltd
18.6. ITarian LLC
18.7. Leo Tech
18.8. Omega Engineering, Inc.
18.9. OMRON Corporation
18.10. Schneider Electric SE
18.11. Rockwell Automation, Inc
18.12. Teracom Ltd
18.13. Larsen & Toubro
18.14. Yokogawa Electric Corporation
18.15. Other prominent players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Remote Monitoring and Control Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Remote Monitoring and Control Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 REMOTE MONITORING AND CONTROL MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 REMOTE MONITORING AND CONTROL MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Action
11.3.1.1. Monitoring
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Control
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.2. By Type
11.3.2.1. Solutions
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Field instruments
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3. By End user
11.3.3.1. Oil and gas
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Power generation
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.3. Food and beverage
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.4. Water and wastewater
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.5. Chemical
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
11.3.3.6. Others
• By Value (USD Million) 2022-2032F
• Market Share (%) 2022-2032F
• Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Action
12.3.2. By Type
12.3.3. By End user
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Action
13.3.2. By Type
13.3.3. By End user
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Action
14.3.2. By Type
14.3.3. By End user
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Action
15.3.2. By Type
15.3.3. By End user
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA REMOTE MONITORING AND CONTROL MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Action
16.3.2. By Type
16.3.3. By End user
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. ABB Ltd
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Cummins
18.3. Emerson Electric Co
18.4. Danfoss A/S
18.5. Fuji Electric Co,Ltd
18.6. ITarian LLC
18.7. Leo Tech
18.8. Omega Engineering, Inc.
18.9. OMRON Corporation
18.10. Schneider Electric SE
18.11. Rockwell Automation, Inc
18.12. Teracom Ltd
18.13. Larsen & Toubro
18.14. Yokogawa Electric Corporation
18.15. Other prominent players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
