Global Remote Monitoring and Control Market Research Report- Forecast 2023

Global Remote Monitoring and Control Market, By Component (Solution, Instruments), By End-users (Mining & Metals, Chemical, Oil & Gas) - Forecast 2023

ID: MRFR/SEM/2595-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis of Global Remote Monitoring and Control Market:
Market Scenario:
Remote Monitoring can be explained as a type of specification that facilitates the observation of network operational activities through various remote devices known as monitors or probes. Also, remote monitoring assists network administrators to work efficiently with network infrastructure control and management. Monitoring and control can be explained as control of any system or network through automated procedures and which is generally controlled with a unit.


The factors contributing to the growth of the remote monitoring and control market are the growing demand for industrial automation, asset excellence, and the rising demand industrial mobility in the process industry. Also, initially remote monitoring and control market was developed to address various issues such as issues related to remote site and local area network. The system specifies a group of functions and statistics.


However, factor which is hindering the growth of the market is the downfall in raw material prices. Easy availability of alternatives also acts a barrier in the growth of the remote monitoring and control market. The market is expected to grow over the forecast period.


Geographically, North-America accounted for the largest market share in the global remote monitoring control market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.



Global Remote Monitoring and Control Market
Global Remote Monitoring and Control Market
The global remote monitoring and control market is expected to reach approximately USD 23 billion by the end of 2023 with 5% CAGR during forecast period 2017-2023.

Study Objectives of Remote Monitoring and Control Market:



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global remote monitoring and control market.

  • To provide insights about factors affecting the market growth.

  • To analyze the global remote monitoring and control market based porter’s five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).

  • To provide country level analysis of the market with respect to the current market size and future prospective.

  • To provide country level analysis of the market for segment by component, end-users and region.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global remote monitoring and control market.



Key Players
The key players in the global remote monitoring and control market include- Honeywell International Inc.  (US), Emerson Electric Co. (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Co. (US), Fuji Electric Co., Ltd.  (Japan) and Endress+Hauser AG (Switzerland) among others.



Segments
For the purpose of this study, Market Research Future has segmented the market of remote monitoring and control into component end-users and region.


Component



  • Solutions

  • Instruments


End-users



  • Chemicals

  • Oil & Gas

  • Metals

  • Mining

  • Power

  • Food & Beverages

  • Water and Wastewater

  • Pharmaceuticals

  • Others

Region



  • North-America

  • Europe

  • Asia-Pacific

  • RoW

Regional Analysis
Regionally, North-America accounted for the largest market share majorly due to presence of large numbers of enterprises, increasing adoption of remote monitoring and control by the pharmaceuticals industry and increasing automation. However, Asia-Pacific region is expected to boost the growth of the remote monitoring and control market majorly due to rising demand for utilization of resources and to achieve excellence in various industries.



Intended Audience



  • Manufacturers

  • Distributors

  • Research firms

  • Consultancy firms

  • Software Developers

  • Vendors

  • Semiconductor Manufacturers

  • End-user sectors

  • Technology Investors



Frequently Asked Questions (FAQ) :


The presence of various enterprises, rising adoption of remote monitoring and control in the pharmaceuticals industry along with the increasing automation has made North America the leading market.

Monitoring and control refers to the control of any network or system via automated procedures, which is generally controlled with a unit.

During the review period, the market is projected to grow in the primary regions of North America, Asia Pacific (APAC), Europe and the rest of the world.

The prime factors boosting the market growth include the mounting demand for asset excellence, industrial automation, as well as industrial mobility within the process industry.

Asia Pacific is expected to attain the fastest CAGR during the review period.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH NETWORK COMPONENT

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 REMOTE MONITORING AND CONTROL MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 SOLUTIONS

6.2.1.2 INSTRUMENTS

6.2.2 BY END-USERS

6.2.2.1 POWER

6.2.2.2 OIL & GAS

6.2.2.3 PHARMACEUTICALS

6.2.2.4 CHEMICALS

6.2.2.5 METAL & MINING

6.2.2.6 WATER & WASTEWATER

6.2.2.7 OTHERS

6.2.3 BY GEOGRAPHY

6.2.3.1 NORTH AMERICA

6.2.3.2 EUROPE

6.2.3.3 ASIA-PACIFIC

6.2.3.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 HONEYWELL INTERNATIONAL INC. (US)

7.2.2 EMERSON ELECTRIC CO. (US)

7.2.3 ROCKWELL AUTOMATION, INC. (US)

7.2.4 SCHNEIDER ELECTRIC SE (FRANCE)

7.2.5 ABB LTD. (SWITZERLAND)

7.2.6 YOKOGAWA ELECTRIC CORPORATION (JAPAN)

7.2.7 GENERAL ELECTRIC CO. (US)

7.2.8 FUJI ELECTRIC CO., LTD. (JAPAN)

7.2.9 ENDRESS+HAUSER AG (SWITZERLAND)

7.2.10 OTHERS
LIST OF TABLES

TABLE 1 REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 2 REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 3 REMOTE MONITORING AND CONTROL MARKET, BY GEOGRAPHY

TABLE 4 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 5 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 6 U.S REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 7 U.S. REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 8 CANADA REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 9 CANADA REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 10 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 11 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 12 GERMANY REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 13 GERMANY REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 14 FRANCE REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 15 FRANCE REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 16 U.K. REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 17 U.K. REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 18 REST OF EUROPE REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 19 REST OF EUROPE REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 20 ASIA-PACIFIC REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 21 ASIA-PACIFIC REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

TABLE 22 REST OF THE WORLD REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT

TABLE 23 REST OF THE WORLD REMOTE MONITORING AND CONTROL MARKET, BY END-USERS

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)

FIGURE 3 REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)

FIGURE 4 REMOTE MONITORING AND CONTROL MARKET, BY REGIONS (%)

FIGURE 5 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)

FIGURE 6 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)

FIGURE 7 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)

FIGURE 8 EUROPE REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)

FIGURE 9 ASIA-PACIFIC REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)

FIGURE 10 ASIA-PACIFIC REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)

FIGURE 11 REST OF THE WORLD REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)

FIGURE 12 REST OF THE WORLD REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)