Tuesday 17 February 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Remote Terminal Units (RTUs) in Smart Grids Market: ABB Group, General Electric Co., Schneider Electric Co. and Siemens AG.
Other Prominent Vendors in the market are: Invensys, Iskra Sistemi ,Prestigious Discovery Sdn Bhd, PT. , Arliscoputra Hantama, Schweitzer Engineering Laboratories, Top Rank.
Commenting on the report, an analyst from the report's team said: “One of the emerging tendencies that the market is likely to experience is the increasing investment in the RTUs in Smart Grids market. The increasing need for reliable and accurate data in the Power industry is enabling power utilities and vendors to invest in technologies, which can increase the accuracy of the data collection within a specific time period.”
According to the report, one of the major drivers of the market is the need for better situation awareness. The need for a reliable power supply and communication system has forced several countries to invest significantly to develop an efficient power infrastructure, which increases the replacement activity in many countries.
Further, the report states that the market is gradually being replaced by Programmable Logic Controllers (PLCs) and Intelligent Electronic Device (IEDs), which is posing a significant threat to the market vendors. Devices such as IEDs and PLCs are more cost-effective in providing and collecting data than RTUs as a limited number of devices are installed in the case of the former.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.