DUBLIN--(BUSINESS WIRE)--The "Global Remote Monitoring and Control Market- Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global remote monitoring and control market is expected to rise with the CAGR of about 5% during the forecast period. Growing demand for industrial automation, increasing demand for industrial mobility or remotely managing the industrial process, optimum utilization of assets and increasing awareness about energy efficiency are the key driving factor for the growth in the market. However, fluctuations in petroleum prices are hindering the market growth of remote monitoring and control globally.
Asia pacific accounted for the largest market share in terms of revenue for the remote monitoring and control market in 2017, followed by North America and ROW. North America is expected to dominate the market during the forecast period. North America remote monitoring and control market growth is majorly growing due to the investment in waste water treatment and growing primary energy consumption.
The growth of smart technologies is a major trend in the growth of industrial automation. Increasing industrial automation demand is expected to contribute to the growth of global remote monitoring and control market during the forecast period. For instance, as per the international trade administration, in 2015, U.S. companies exported about $10.5 billion worth of products to foreign markets due to increasing automation demand.
- Growing Demand for Industrial Automation
- Increasing Demand for Industrial Mobility
- Optimum Utilization of Assets
- Increasing Awareness About Energy Efficiency
- Fluctuation in Petrolium Prices
- Increasing Demand for Field Instrument Integration With Scada System
- Technological Advancement
- Cyber Security Risks for Scada System
- Lack of Skilled Professionals
Key Topics Covered
2. Market Overview
3. Market Determinants
4. Global Remote Monitoring and Control Market by Type
5. Competitive Landscape
6. Geographic Analysis
7. Company Profiles
- ABB Ltd.
- Dwyer Instrument Inc
- Emerson Electric Co.
- Endress+Hauser AG
- Fuji Electric Co. Ltd.
- General Electric Co.
- Hitachi Ltd
- Honeywell International Inc.
- Johnson Controls Inc
- Krohne Messtechnik GmbH
- Omron Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/research/65kcjq/global_remote?w=4