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Remote Monitoring and Control Market By Action, By Type, By End user: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 240 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713031
The global remote monitoring and control market was valued at $25,852.3 million in 2021, and is projected to reach $43,609.6 million by 2031, registering a CAGR of 5.3% from 2022 to 2031. The monitoring segment is estimated to reach $17,638.1 million by 2031, at a significant CAGR of 5.0% during the forecast period. Remote monitoring and control (M&C) systems are designed to control large or complex facilities such as factories, power plants, network operations centers, airports, and spacecraft, with some degree of automation. M&C systems may receive data from sensors, telemetry streams, user inputs, and pre-programmed procedures.

The growth of remote monitoring and control market size is driven by increase in prevalence of lifestyle disorder, increase in usage of remote patient monitoring devices, and an increase in the geriatric population. Remote monitoring devices are becoming more popular across the globe since they are simple to use and can be utilized by people of all ages. Furthermore, geriatric population is more prone to chronic disorders, hence, remote patient devices are used by them. According to the World Population Ageing 2020 study, in 2020, there were $703 million individuals aged 65 and above across the globe. In 2050, this population is expected to increase to $1.5 billion. Globally, the proportion of people aged 65 and above surged from 6% in 1990 to 9% in 2019, with a projected growth rate of 16% in 2050.

However, government rules, reimbursement concerns, lack of awareness, and exorbitant expenses, on the other hand, hinder the market expansion.Technological improvements, on the contrary, are projected to provide profitable prospects for market players in the future.

The remote monitoring and control market is segmented into action, type, end user, and region. On the basis of action, the market is categorized into monitoring and control. On the basis of type, the market is fragmented into solutions and field instruments. On the basis of end user, the market isis fragmented into oil & gas, power generation, food & beverage, water & wastewater and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The COVID-19 pandemic forced many companies in the global remote monitoring and control market to halt business operations for a short term to comply with new government regulations, to curb the spread of the disease. This halt in operations directly impacted revenue flow of the global remote monitoring and control market. In addition, there was a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Furthermore, no new consignments were received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has negatively affected the global remote monitoring and control market, and the market is anticipated to witness a slow recovery during the forecast period.

The key players profiled in the remote monitoring and control market report include ABB Ltd., Cummins, Danfoss A/S, Emerson Electric Co., Endress+Hauser AG, Fuji Electric Co., Ltd., General Electric Co., Hitachi Ltd, Honeywell International Inc., ICONICS, Inc, ITarian LLC, KRONE Messtechnik GmbH, Larsen & Toubro Limited, Leo Tech, Rockwell Automation, Inc., Schneider Electric SE and Yokogawa Electric Corporation.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the remote monitoring and control market analysis from 2021 to 2031 to identify the prevailing remote monitoring and control market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the remote monitoring and control market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global remote monitoring and control market trends, key players, market segments, application areas, and market growth strategies.

Key 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
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Cummins, Inc.
  • DANFOSS A/S
  • Emerson Electric Co.
  • Endress+Hauser AG
  • Fuji Electric Co., Ltd.
  • ABB Ltd
  • General Electric Co. (GE)
  • Hitachi,Ltd
  • Honeywell International Inc.
  • ICONICS, Inc.
  • ITarian LLC
  • KROHNE Messtechnik GmbH
  • Larsen & Toubro Ltd
  • Leo tech
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Yokogawa Electric Corporation
Frequently Asked Questions about the Global Remote Monitoring and Control Market

What is the estimated value of the Global Remote Monitoring and Control Market?

The Global Remote Monitoring and Control Market was estimated to be valued at $25852.3 million in 2021.

What is the growth rate of the Global Remote Monitoring and Control Market?

The growth rate of the Global Remote Monitoring and Control Market is 5.4%, with an estimated value of $43609.6 million by 2031.

What is the forecasted size of the Global Remote Monitoring and Control Market?

The Global Remote Monitoring and Control Market is estimated to be worth $43609.6 million by 2031.

Who are the key companies in the Global Remote Monitoring and Control Market?

Key companies in the Global Remote Monitoring and Control Market include Cummins, Inc., DANFOSS A/S, Emerson Electric Co., Endress+Hauser AG, Fuji Electric Co., Ltd., ABB Ltd, General Electric Co. (GE), Hitachi,Ltd and ICONICS, Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: REMOTE MONITORING AND CONTROL MARKET, BY ACTION
4.1 Overview
4.1.1 Market size and forecast
4.2 Monitoring
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Control
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: REMOTE MONITORING AND CONTROL MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Solutions
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Field instruments
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: REMOTE MONITORING AND CONTROL MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Oil and gas
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Power generation
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Food and beverage
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Water and wastewater
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country

CHAPTER 7: REMOTE MONITORING AND CONTROL MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Action
7.2.3 North America Market size and forecast, by Type
7.2.4 North America Market size and forecast, by End user
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Action
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by End user
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Action
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by End user
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Action
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by End user
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Action
7.3.3 Europe Market size and forecast, by Type
7.3.4 Europe Market size and forecast, by End user
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Action
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by End user
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Action
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by End user
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Action
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by End user
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Action
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by End user
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Action
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by End user
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Action
7.4.3 Asia-Pacific Market size and forecast, by Type
7.4.4 Asia-Pacific Market size and forecast, by End user
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Action
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by End user
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Action
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by End user
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Action
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by End user
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Action
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by End user
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Action
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by End user
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Action
7.5.3 LAMEA Market size and forecast, by Type
7.5.4 LAMEA Market size and forecast, by End user
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Action
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by End user
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Action
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by End user
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Action
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by End user

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Cummins, Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 DANFOSS A/S
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Emerson Electric Co.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Endress+Hauser AG
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Fuji Electric Co., Ltd.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 ABB Ltd
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 General Electric Co. (GE)
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Hitachi,Ltd
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Honeywell International Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 ICONICS, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 ITarian LLC
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 KROHNE Messtechnik GmbH
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Larsen & Toubro Ltd
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Leo tech
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Rockwell Automation, Inc.
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Schneider Electric SE
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Yokogawa Electric Corporation
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments

List of Tables
Table 1. Global Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 2. Remote Monitoring and Control Market, for Monitoring, by Region, 2021-2031 ($Million)
Table 3. Remote Monitoring and Control Market for Monitoring, by Country, 2021-2031 ($Million)
Table 4. Remote Monitoring and Control Market, for Control, by Region, 2021-2031 ($Million)
Table 5. Remote Monitoring and Control Market for Control, by Country, 2021-2031 ($Million)
Table 6. Global Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 7. Remote Monitoring and Control Market, for Solutions, by Region, 2021-2031 ($Million)
Table 8. Remote Monitoring and Control Market for Solutions, by Country, 2021-2031 ($Million)
Table 9. Remote Monitoring and Control Market, for Field Instruments, by Region, 2021-2031 ($Million)
Table 10. Remote Monitoring and Control Market for Field Instruments, by Country, 2021-2031 ($Million)
Table 11. Global Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 12. Remote Monitoring and Control Market, for Oil and Gas, by Region, 2021-2031 ($Million)
Table 13. Remote Monitoring and Control Market for Oil and Gas, by Country, 2021-2031 ($Million)
Table 14. Remote Monitoring and Control Market, for Power Generation, by Region, 2021-2031 ($Million)
Table 15. Remote Monitoring and Control Market for Power Generation, by Country, 2021-2031 ($Million)
Table 16. Remote Monitoring and Control Market, for Food and Beverage, by Region, 2021-2031 ($Million)
Table 17. Remote Monitoring and Control Market for Food and Beverage, by Country, 2021-2031 ($Million)
Table 18. Remote Monitoring and Control Market, for Water and Wastewater, by Region, 2021-2031 ($Million)
Table 19. Remote Monitoring and Control Market for Water and Wastewater, by Country, 2021-2031 ($Million)
Table 20. Remote Monitoring and Control Market, for Others, by Region, 2021-2031 ($Million)
Table 21. Remote Monitoring and Control Market for Others, by Country, 2021-2031 ($Million)
Table 22. Remote Monitoring and Control Market, by Region, 2021-2031 ($Million)
Table 23. North America Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 24. North America Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 25. North America Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 26. North America Remote Monitoring and Control Market, by Country, 2021-2031 ($Million)
Table 27. U.S. Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 28. U.S. Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 29. U.S. Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 30. Canada Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 31. Canada Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 32. Canada Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 33. Mexico Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 34. Mexico Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 35. Mexico Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 36. Europe Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 37. Europe Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 38. Europe Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 39. Europe Remote Monitoring and Control Market, by Country, 2021-2031 ($Million)
Table 40. Germany Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 41. Germany Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 42. Germany Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 43. UK Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 44. UK Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 45. UK Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 46. France Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 47. France Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 48. France Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 49. Italy Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 50. Italy Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 51. Italy Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 52. Rest of Europe Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 53. Rest of Europe Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 54. Rest of Europe Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 55. Asia-Pacific Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 56. Asia-Pacific Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 57. Asia-Pacific Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 58. Asia-Pacific Remote Monitoring and Control Market, by Country, 2021-2031 ($Million)
Table 59. China Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 60. China Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 61. China Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 62. Japan Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 63. Japan Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 64. Japan Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 65. South Korea Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 66. South Korea Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 67. South Korea Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 68. India Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 69. India Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 70. India Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 71. Rest of Asia-Pacific Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 72. Rest of Asia-Pacific Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 73. Rest of Asia-Pacific Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 74. LAMEA Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 75. LAMEA Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 76. LAMEA Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 77. LAMEA Remote Monitoring and Control Market, by Country, 2021-2031 ($Million)
Table 78. Latin America Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 79. Latin America Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 80. Latin America Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 81. Middle East Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 82. Middle East Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 83. Middle East Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 84. Africa Remote Monitoring and Control Market, by Action, 2021-2031 ($Million)
Table 85. Africa Remote Monitoring and Control Market, by Type, 2021-2031 ($Million)
Table 86. Africa Remote Monitoring and Control Market, by End-user, 2021-2031 ($Million)
Table 87. Cummins, Inc.: Company Snapshot
Table 88. Cummins, Inc.: Operating Segments
Table 89. Cummins, Inc.: Product Portfolio
Table 90. Cummins, Inc.: Net Sales
Table 91. Cummins, Inc.: Key Strategies
Table 92. Danfoss A/S: Company Snapshot
Table 93. Danfoss A/S: Operating Segments
Table 94. Danfoss A/S: Product Portfolio
Table 95. Danfoss A/S: Net Sales
Table 96. Danfoss A/S: Key Strategies
Table 97. Emerson Electric Co.: Company Snapshot
Table 98. Emerson Electric Co.: Operating Segments
Table 99. Emerson Electric Co.: Product Portfolio
Table 100. Emerson Electric Co.: Net Sales
Table 101. Emerson Electric Co.: Key Strategies
Table 102. Endress+Hauser AG: Company Snapshot
Table 103. Endress+Hauser AG: Operating Segments
Table 104. Endress+Hauser AG: Product Portfolio
Table 105. Endress+Hauser AG: Net Sales
Table 106. Endress+Hauser AG: Key Strategies
Table 107. Fuji Electric Co. Ltd.: Company Snapshot
Table 108. Fuji Electric Co. Ltd.: Operating Segments
Table 109. Fuji Electric Co. Ltd.: Product Portfolio
Table 110. Fuji Electric Co. Ltd.: Net Sales
Table 111. Fuji Electric Co. Ltd.: Key Strategies
Table 112. ABB Ltd.: Company Snapshot
Table 113. ABB Ltd.: Operating Segments
Table 114. ABB Ltd.: Product Portfolio
Table 115. ABB Ltd.: Net Sales
Table 116. ABB Ltd.: Key Strategies
Table 117. General Electric Co. (GE): Company Snapshot
Table 118. General Electric Co. (GE): Operating Segments
Table 119. General Electric Co. (GE): Product Portfolio
Table 120. General Electric Co. (GE): Net Sales
Table 121. General Electric Co. (GE): Key Strategies
Table 122. Hitachi,Ltd.: Company Snapshot
Table 123. Hitachi,Ltd.: Operating Segments
Table 124. Hitachi,Ltd.: Product Portfolio
Table 125. Hitachi,Ltd.: Net Sales
Table 126. Hitachi,Ltd.: Key Strategies
Table 127. Honeywell International Inc.: Company Snapshot
Table 128. Honeywell International Inc.: Operating Segments
Table 129. Honeywell International Inc.: Product Portfolio
Table 130. Honeywell International Inc.: Net Sales
Table 131. Honeywell International Inc.: Key Strategies
Table 132. Iconics, Inc.: Company Snapshot
Table 133. Iconics, Inc.: Operating Segments
Table 134. Iconics, Inc.: Product Portfolio
Table 135. Iconics, Inc.: Net Sales
Table 136. Iconics, Inc.: Key Strategies
Table 137. Itarian LLC: Company Snapshot
Table 138. Itarian LLC: Operating Segments
Table 139. Itarian LLC: Product Portfolio
Table 140. Itarian LLC: Net Sales
Table 141. Itarian LLC: Key Strategies
Table 142. Krohne Messtechnik GmbH: Company Snapshot
Table 143. Krohne Messtechnik GmbH: Operating Segments
Table 144. Krohne Messtechnik GmbH: Product Portfolio
Table 145. Krohne Messtechnik GmbH: Net Sales
Table 146. Krohne Messtechnik GmbH: Key Strategies
Table 147. Larsen & Toubro Ltd.: Company Snapshot
Table 148. Larsen & Toubro Ltd.: Operating Segments
Table 149. Larsen & Toubro Ltd.: Product Portfolio
Table 150. Larsen & Toubro Ltd.: Net Sales
Table 151. Larsen & Toubro Ltd.: Key Strategies
Table 152. Leo Tech: Company Snapshot
Table 153. Leo Tech: Operating Segments
Table 154. Leo Tech: Product Portfolio
Table 155. Leo Tech: Net Sales
Table 156. Leo Tech: Key Strategies
Table 157. Rockwell Automation, Inc.: Company Snapshot
Table 158. Rockwell Automation, Inc.: Operating Segments
Table 159. Rockwell Automation, Inc.: Product Portfolio
Table 160. Rockwell Automation, Inc.: Net Sales
Table 161. Rockwell Automation, Inc.: Key Strategies
Table 162. Schneider Electric SE: Company Snapshot
Table 163. Schneider Electric SE: Operating Segments
Table 164. Schneider Electric SE: Product Portfolio
Table 165. Schneider Electric SE: Net Sales
Table 166. Schneider Electric SE: Key Strategies
Table 167. Yokogawa Electric Corporation: Company Snapshot
Table 168. Yokogawa Electric Corporation: Operating Segments
Table 169. Yokogawa Electric Corporation: Product Portfolio
Table 170. Yokogawa Electric Corporation: Net Sales
Table 171. Yokogawa Electric Corporation: Key Strategies

List of Figures
Figure 1. Remote Monitoring and Control Market Segmentation
Figure 2. Remote Monitoring and Control Market, 2021-2031
Figure 3. Remote Monitoring and Control Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Remote Monitoring and Control Mark.:Drivers, Restraints and Opportunities
Figure 12. Remote Monitoring and Control Market, By Action, 2021(%)
Figure 13. Comparative Share Analysis of Monitoring Remote Monitoring and Control Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Control Remote Monitoring and Control Market, 2021-2031(%)
Figure 15. Remote Monitoring and Control Market, By Type, 2021(%)
Figure 16. Comparative Share Analysis of Solutions Remote Monitoring and Control Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Field Instruments Remote Monitoring and Control Market, 2021-2031(%)
Figure 18. Remote Monitoring and Control Market, By End-user, 2021(%)
Figure 19. Comparative Share Analysis of Oil and Gas Remote Monitoring and Control Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Power Generation Remote Monitoring and Control Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Food and Beverage Remote Monitoring and Control Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Water and Wastewater Remote Monitoring and Control Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Others Remote Monitoring and Control Market, 2021-2031(%)
Figure 24. Remote Monitoring and Control Market by Region, 2021
Figure 25. U.S. Remote Monitoring and Control Market, 2021-2031($Million)
Figure 26. Canada Remote Monitoring and Control Market, 2021-2031($Million)
Figure 27. Mexico Remote Monitoring and Control Market, 2021-2031($Million)
Figure 28. Germany Remote Monitoring and Control Market, 2021-2031($Million)
Figure 29. Uk Remote Monitoring and Control Market, 2021-2031($Million)
Figure 30. France Remote Monitoring and Control Market, 2021-2031($Million)
Figure 31. Italy Remote Monitoring and Control Market, 2021-2031($Million)
Figure 32. Rest of Europe Remote Monitoring and Control Market, 2021-2031($Million)
Figure 33. China Remote Monitoring and Control Market, 2021-2031($Million)
Figure 34. Japan Remote Monitoring and Control Market, 2021-2031($Million)
Figure 35. South Korea Remote Monitoring and Control Market, 2021-2031($Million)
Figure 36. India Remote Monitoring and Control Market, 2021-2031($Million)
Figure 37. Rest of Asia-Pacific Remote Monitoring and Control Market, 2021-2031($Million)
Figure 38. Latin America Remote Monitoring and Control Market, 2021-2031($Million)
Figure 39. Middle East Remote Monitoring and Control Market, 2021-2031($Million)
Figure 40. Africa Remote Monitoring and Control Market, 2021-2031($Million)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap of Top 10 Key Players
Figure 47. Cummins, Inc.: Net Sales, ($Million)
Figure 48. Danfoss A/.: Net Sales, ($Million)
Figure 49. Emerson Electric Co.: Net Sales, ($Million)
Figure 50. Endress+Hauser A.: Net Sales, ($Million)
Figure 51. Fuji Electric Co. Ltd.: Net Sales, ($Million)
Figure 52. Abb Lt.: Net Sales, ($Million)
Figure 53. General Electric Co. (Ge.: Net Sales, ($Million)
Figure 54. Hitachi, Lt.: Net Sales, ($Million)
Figure 55. Honeywell International Inc.: Net Sales, ($Million)
Figure 56. Iconics, Inc.: Net Sales, ($Million)
Figure 57. Itarian LL.: Net Sales, ($Million)
Figure 58. Krohne Messtechnik Gmb.: Net Sales, ($Million)
Figure 59. Larsen & Toubro Lt.: Net Sales, ($Million)
Figure 60. Leo Tec.: Net Sales, ($Million)
Figure 61. Rockwell Automation, Inc.: Net Sales, ($Million)
Figure 62. Schneider Electric S.: Net Sales, ($Million)
Figure 63. Yokogawa Electric Corporatio.: Net Sales, ($Million)

Executive Summary

According to the report, “Remote Monitoring and Control Market," the remote monitoring and control market size was valued at $25.9 billion in 2021, and is estimated to reach $43.6 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. Remote monitoring and control systems help in controlling activities of large and complex facilities such ad spacecraft, airports and factories with the help of automation. These systems require the use of sensors, user inputs and preprogrammed procedures in order to receive data and provide suitable actions.

Increase in industrial automation demand coupled with requirement of industrial mobility and asset excellence in the process industry is expected to propel the remote monitoring and control market during the forecast period. The sources used for power generation are limited and thus the optimum utilization of these non-renewable resources is of utmost importance. Emphasis on industrial safety and their health is anticipated to drive the emergency shutdown systems in the power industrial applications which in turn is expected to drive the growth of the market.

The SCADA(Supervisory Control and Data Acquisition) system is a type of remote monitoring and control system which is ideal for controlling and monitoring remote assets, such as pump stations, well pumps, automatic valves, water towers, or reservoirs. The adoption of SCADA systems is growing majorly for power industry as it is provides effective monitoring and control of field devices from the remote sites. In addition, each process in power sector requires temperature measurement for various controlled operations. Thus, this is controlled effectively through SCADA system. Thus, such benefits are growing the adoption of SCADA systems which further drives the remote monitoring and control market growth.

However, downfall in petroleum prices is one of the key restraining factors for remote monitoring and control market as it is adversely affecting the bottom lines of the major participants involved in the value chain of the oil and gas industry. These factors, therefore, are expected to halt the investments in oil and gas industry which shall further impact the remote monitoring and control systems market globally.

Power monitoring and connectivity, on the contrary, unite in fight against downtime as reducing downtime involves the remote control and monitoring. Most of the electrical components such as trip units, and meters can be connected by increasing their ability to provide alerts via email or on smartphones for efficiently handling the operations. The operators can access the historical and real-time information to find the alarm causes and eliminating it. Systems coupled with automatic control capabilities can immediately take responsive steps to restore the power and preserve the loads while analyzing the problems. Technological advancements of these systems are thus expected to offer lucrative remote monitoring and control market opportunities.

The remote monitoring and control market growth analysis is segmented into action, type, end user, and region. On the basis of action, the market is categorized into monitoring and control. On the basis of type, the market is fragmented into solutions and field instruments. On the basis of end user it is fragmented into oil & gas, power generation, food & beverage, water & wastewater and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021.

The key players profiled in the remote monitoring and control market revenue analysis include ABB Ltd., Cummins, Danfoss A/S, Emerson Electric Co., Endress+Hauser AG, Fuji Electric Co., Ltd., General Electric Co., Hitachi Ltd, Honeywell International Inc., ICONICS, Inc, ITarian LLC, KRONE Messtechnik GmbH, Larsen & Toubro Limited, Leo Tech, Rockwell Automation, Inc., Schneider Electric SE and Yokogawa Electric Corporation.

The global remote monitoring and control market witnessed significant growth in the past decade, owing to rise in demand for compact and lightweight packaging in various sectors such as foods & beverages and pharmaceuticals. There is an expansion of business by number of players globally, owing to increased customer base, enhanced effective operations, and developed product portfolios. This is anticipated to fuel growth of the global remote monitoring and control industry.

Key Findings of the Study

  • The report provides an extensive analysis of the current and emerging global remote monitoring and control market trends and dynamics.
  • By action, the monitoring printing segment was the largest revenue generator in 2021.
  • By type, the solutions segment generated the highest revenue in 2021.
  • By end user, the others segment dominated the market in 2021.
  • Region-wise, Asia-Pacific is anticipated to dominate the global remote monitoring and control market share during the forecast period.
  • The report provides an extensive analysis of the global remote monitoring and control market factor analysis.
  • The global remote monitoring and control market forecast analysis from 2022 to 2031 is included in the report.

Companies Mentioned

  • Cummins, Inc.
  • DANFOSS A/S
  • Emerson Electric Co.
  • Endress+Hauser AG
  • Fuji Electric Co., Ltd.
  • ABB Ltd
  • General Electric Co. (GE)
  • Hitachi,Ltd
  • Honeywell International Inc.
  • ICONICS, Inc.
  • ITarian LLC
  • KROHNE Messtechnik GmbH
  • Larsen & Toubro Ltd
  • Leo tech
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Yokogawa Electric Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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