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 Global Remote Terminal Unit (RTU) in Smart grid Market 2014-2018 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.
The Global RTU in Smart Grid market can be divided on the basis of application into three segments: Generation, Transmission, and Distribution.
The Global RTU in Smart Grid Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global RTU in Smart Grid market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The 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.
Source: Virtual Strategy Magazine
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