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The Remote Terminal Units Market to Grow at a Lower Rate in the Next Five Years
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Remote Terminal Units in Smart Grid – Market Analysis and Forecasts to 2015
The Remote Terminal Units Market to Grow at a Lower Rate in the Next Five Years The global market for remote terminal units will grow at a slow rate in the next few years until 2015. The global market for remote terminal units (RTU) is nearing saturation as the deployment of RTUs has been going on since 1970s. This leaves little scope for growth in the North American and European power markets. The Asian nations are expected to play a key role in the coming years for the global RTU market as they undertake major drive to remove inefficiency in their power infrastructure and expand it to increase capacity. The global market for RTUs is valued around $500m in 2009 and is expected to grow at a compound annual growth rate (CAGR) of 2.04% until 2015. Countries with Insufficient Power Infrastructure will have High Growth Compare to Global Market A significant number of Asian nations face a massive power supply-demand gap. The inadequacy has adversely affected the growth prospect of these nations. This has led the governments of these nations to come up with specific policy measures to upgrade and expand their power grids. As a result, global market for remote terminal units is close to saturation, but some countries are expected to witness a high growth rate for Remote Terminal Units, like Indonesia with 20%. Local Market Players are Dominant in Asian Countries
In Asian countries like Malaysia and Indonesia, local manufacturers have dominance over global players in the national markets. In Malaysia the local players like Top Rank, Foxboro, Prestigious Discovery and Micosol have acquired the majority of the market. Combined, these companies have acquired more than 70% of the market share. The rest of the market is covered by ABB Ltd. In Indonesia, companies like Top Rank, Iskra, and Arlisco enjoy a combined market share of more than 40%. Constant Price Levels Across All Regions and Countries The prices of RTUs do not vary with region or country. The prices are expected to remain constant until 2012, after which a minor increase of 4-5% is expected to take place. This minimal change in price can be explained by the fact that the global market for RTU is dominated by a select few players and the market itself is near to saturation. In such a scenario, minimal price increases happen due to some technology advancement. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Remote-Terminal-Units-in-Smart-Grid-Market-Analysis-and-Forecasts-to-2015&ReportType=Indus
GlobalData’s latest report “Remote Terminal Units in Smart Grid - Market Analysis and Forecasts to 2015” provides the analysis of market developments in the global Remote Terminal Units’ industry. The report provides information related to market sizing, market analysis, and competitive landscape analysis for the global RTU industry at the global level and by countries that are considered as key markets for RTUs. The report provides a descriptive overview of remote terminal unit technology and its importance in power system. The report describes the key drivers and restraints impacting the market for RTUs and pricing dynamics. The report assesses the competitive scenario in the Remote Terminal Units’ industry and provides analytics, such as market share analysis of key players. This report is built using data and information sourced from proprietary databases, primary and secondary research and in house analysis by Global Markets Direct’s team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Remote-Terminal-Units-in-Smart-Grid-Market-Analysis-and-Forecasts-to-2015&ReportType=Indus
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