Chicago, IL -- (SBWIRE) -- 06/29/2017 -- Intelligent remote terminal unit has its application in offshore platforms, onshore oil wells, mine sites, air traffic navigation aids, and environmental monitoring systems. The Middle East & Africa and European regions have the majority share of this market owing to the fact that there is an increase in oil and gas industry in these regions. The Asia-Pacific region will see a fast growth rate of this market in future period because of the growing economic development in the region and a large end-user base available in the area.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the intelligent remote terminal unit market. The scope of this report covers the intelligent remote terminal unit market by its major segments, which include the types, applications, and the major geographic regions.

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KEY PREMIUM INDUSTRY INSIGHTS

The key reasons driving the growth of the increasing cross-border interconnections, growing grid modernization, and increasing grid monitoring.
Continuous rise in process automation is one of the key growth opportunity drivers for this market.

However, the fact that this market requires frequent upgrading of old SCADA systems and high capital in the initial stages may hamper the growth of the intelligent remote terminal unit market.

INTELLIGENT REMOTE TERMINAL UNIT MARKET, BY END-USER

1. Water And Wastewater Sector
2. Oil And Gas Sector
3. Power Sector

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