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Global Remote Monitoring and Control Market 2018-2024 - Increasing Demand for Field Instrument Integration With Scada System - ResearchAndMarkets.com

[April 24, 2018]

Global Remote Monitoring and Control Market 2018-2024 - Increasing Demand for Field Instrument Integration With Scada System - ResearchAndMarkets.com

The "Global Remote Monitoring and Control Market- Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global remote monitoring and control market is expected to rise with the CAGR of about 5% during the forecast period. Growing demand for industrial automation, increasing demand for industrial mobility or remotely managing the industrial process, optimum utilization of assets and increasing awareness about energy efficiency are the key driving factor for the growth in the market. However, fluctuations in petroleum prices are hindering the market growth of remote monitoring and control globally.

Asia pacific accounted for the largest market share in terms of revenue for the remote monitoring and control market in 2017, followed by North America and ROW. North America is expected to dominate the market during the forecast period. North America remote monitoring and control market growth is majorly growing due to the investment in waste water treatment and growing primary energy consumption.

The growth of smart technologies is a major trend in the rowth of industrial automation. Increasing industrial automation demand is expected to contribute to the growth of global remote monitoring and control market during the forecast period. For instance, as per the international trade administration, in 2015, U.S. companies exported about $10.5 billion worth of products to foreign markets due to increasing automation demand.

Market Determinants

Drivers