The North America Remote Monitoring and Control Market should witness market growth of 4.6% CAGR during the forecast period (2022-2028).
The evolution of remote monitoring and control systems has led to many changes. Due to a shortage of resources and an effort to reduce costs, remote monitoring and control systems have become a common practice instead of just being used by dispersed industrial units. An increase in the use of wireless technology has made the implementation of remote monitoring and control solutions possible more quickly and easily.
By reducing the cost of execution, remote monitoring and control solutions are driving the industry come alive. Since a single resource can monitor many units or production lines at a lower cost, the scarcity of necessary resources is also impacting the adoption of remote monitoring and control solutions. With the development of sensors, it is now possible to monitor equipment more efficiently, minimize unplanned downtime, and extend the equipment's lifespan.
The international trade agency (ITA) of the US has extended its support for smart cities and IoT incorporation by integrating within the US Commercial Service a devoted IoT and Smart Cities Team that would help make prospective companies export ready. It also stated that any company willing to ask for international support in the developing IoT and smart cities sector with a specified US content. This way, the ITA has helped even SMEs increase their investments and hence expand the limits of the initiative.
The US market dominated the North America Remote Monitoring and Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8, 344.8 million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.1% during (2022-2028).
Based on Industry, the market is segmented into Oil & Gas, Water & Wastewater Treatment, Metals & Mining, Food & Beverage, Chemical, Power, Automotive, Pharmaceutical, Semiconductor & Electronics, and Others. Based on Component, the market is segmented into Solution (SCADA and Vibration Monitoring) and Field Instruments (Pressure Transmitters, Temperature Transmitters, Humidity Transmitters, Level Transmitters, Intelligent Flow Meters, and Others). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Honeywell International, Inc., Siemens AG, Schneider Electric SE, ABB Group, General Electric (GE) Co., Rockwell Automation, Inc., Yokogawa Electric Corporation, Fuji Electric Co., Ltd., and Endress+Hauser AG.
The evolution of remote monitoring and control systems has led to many changes. Due to a shortage of resources and an effort to reduce costs, remote monitoring and control systems have become a common practice instead of just being used by dispersed industrial units. An increase in the use of wireless technology has made the implementation of remote monitoring and control solutions possible more quickly and easily.
By reducing the cost of execution, remote monitoring and control solutions are driving the industry come alive. Since a single resource can monitor many units or production lines at a lower cost, the scarcity of necessary resources is also impacting the adoption of remote monitoring and control solutions. With the development of sensors, it is now possible to monitor equipment more efficiently, minimize unplanned downtime, and extend the equipment's lifespan.
The international trade agency (ITA) of the US has extended its support for smart cities and IoT incorporation by integrating within the US Commercial Service a devoted IoT and Smart Cities Team that would help make prospective companies export ready. It also stated that any company willing to ask for international support in the developing IoT and smart cities sector with a specified US content. This way, the ITA has helped even SMEs increase their investments and hence expand the limits of the initiative.
The US market dominated the North America Remote Monitoring and Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8, 344.8 million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.1% during (2022-2028).
Based on Industry, the market is segmented into Oil & Gas, Water & Wastewater Treatment, Metals & Mining, Food & Beverage, Chemical, Power, Automotive, Pharmaceutical, Semiconductor & Electronics, and Others. Based on Component, the market is segmented into Solution (SCADA and Vibration Monitoring) and Field Instruments (Pressure Transmitters, Temperature Transmitters, Humidity Transmitters, Level Transmitters, Intelligent Flow Meters, and Others). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Honeywell International, Inc., Siemens AG, Schneider Electric SE, ABB Group, General Electric (GE) Co., Rockwell Automation, Inc., Yokogawa Electric Corporation, Fuji Electric Co., Ltd., and Endress+Hauser AG.
Scope of the Study
By Industry
- Oil & Gas
- Water & Wastewater Treatment
- Metals & Mining
- Food & Beverage
- Chemical
- Power
- Automotive
- Pharmaceutical
- Semiconductor & Electronics
- Others
By Component
- Solution
- SCADA
- Vibration Monitoring
- Field Instruments
- Pressure Transmitters
- Temperature Transmitters
- Humidity Transmitters
- Level Transmitters
- Intelligent Flow Meters
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Emerson Electric Co.
- Honeywell International, Inc.
- Siemens AG
- Schneider Electric SE
- ABB Group
- General Electric (GE) Co.
- Rockwell Automation, Inc.
- Yokogawa Electric Corporation
- Fuji Electric Co., Ltd.
- Endress+Hauser AG
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Remote Monitoring and Control Market, by Industry
1.4.2 North America Remote Monitoring and Control Market, by Component
1.4.3 North America Remote Monitoring and Control Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jun - 2022, Oct) Leading Players
Chapter 4. North America Remote Monitoring and Control Market by Industry
4.1 North America Oil & Gas Market by Country
4.2 North America Water & Wastewater Treatment Market by Country
4.3 North America Metals & Mining Market by Country
4.4 North America Food & Beverage Market by Country
4.5 North America Chemical Market by Country
4.6 North America Power Market by Country
4.7 North America Automotive Market by Country
4.8 North America Pharmaceutical Market by Country
4.9 North America Semiconductor & Electronics Market by Country
4.1 North America Other Industry Market by Country
Chapter 5. North America Remote Monitoring and Control Market by Component
5.1 North America Solution Market by Country
5.2 North America Remote Monitoring and Control Market by Solution Type
5.2.1 North America SCADA Market by Country
5.2.2 North America Vibration Monitoring Market by Country
5.3 North America Field Instruments Market by Country
5.4 North America Remote Monitoring and Control Market by Field Instruments Type
5.4.1 North America Pressure Transmitters Market by Country
5.4.2 North America Temperature Transmitters Market by Country
5.4.3 North America Humidity Transmitters Market by Country
5.4.4 North America Level Transmitters Market by Country
5.4.5 North America Intelligent Flow Meters Market by Country
5.4.6 North America Others Market by Country
Chapter 6. North America Remote Monitoring and Control Market by Country
6.1 US Remote Monitoring and Control Market
6.1.1 US Remote Monitoring and Control Market by Industry
6.1.2 US Remote Monitoring and Control Market by Component
6.1.2.1 US Remote Monitoring and Control Market by Solution Type
6.1.2.2 US Remote Monitoring and Control Market by Field Instruments Type
6.2 Canada Remote Monitoring and Control Market
6.2.1 Canada Remote Monitoring and Control Market by Industry
6.2.2 Canada Remote Monitoring and Control Market by Component
6.2.2.1 Canada Remote Monitoring and Control Market by Solution Type
6.2.2.2 Canada Remote Monitoring and Control Market by Field Instruments Type
6.3 Mexico Remote Monitoring and Control Market
6.3.1 Mexico Remote Monitoring and Control Market by Industry
6.3.2 Mexico Remote Monitoring and Control Market by Component
6.3.2.1 Mexico Remote Monitoring and Control Market by Solution Type
6.3.2.2 Mexico Remote Monitoring and Control Market by Field Instruments Type
6.4 Rest of North America Remote Monitoring and Control Market
6.4.1 Rest of North America Remote Monitoring and Control Market by Industry
6.4.2 Rest of North America Remote Monitoring and Control Market by Component
6.4.2.1 Rest of North America Remote Monitoring and Control Market by Solution Type
6.4.2.2 Rest of North America Remote Monitoring and Control Market by Field Instruments Type
Chapter 7. Company Profiles
7.1 ABB Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Honeywell International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Acquisition and Mergers:
7.2.6 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Schneider Electric SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 General Electric Company
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Geographical Expansions:
7.5.6 SWOT Analysis
7.6 Emerson Electric Co.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.7 Yokogawa Electric Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.7.5.2 Acquisition and Mergers:
7.8 Rockwell Automation, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent strategies and developments:
7.8.5.1 Product Launches and Product Expansions:
7.9 Fuji Electric Co. Ltd.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.10. Endress+Hauser AG
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
Companies Mentioned
- Emerson Electric Co.
- Honeywell International, Inc.
- Siemens AG
- Schneider Electric SE
- ABB Group
- General Electric (GE) Co.
- Rockwell Automation, Inc.
- Yokogawa Electric Corporation
- Fuji Electric Co., Ltd.
- Endress+Hauser AG
Methodology
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