Smart Grid market is expected to grow at a CAGR of 4.1%

Smart Grid market is expected to grow at a CAGR of 4.1%

Reportstack has announced a new market research report on the Global Remote Terminal Unit in Smart Grid Market, which is expected to witness moderate growth and post a CAGR of 4.1 percent during the forecast period from 2013-2018.

RTUs in smart grids are used with supervisory control and data acquisition (SCADA) for data collection. These terminal units are linked to the field electrical equipment such as sensors, which send signals to RTUs. The basic function of the RTU is to convert sensor signals into digital signals and then send encoded digital data to the control center. Simultaneously, they also communicate control commands to the field equipment.

The need for a reliable power supply and communication system has forced several countries to invest significantly to develop an efficient power infrastructure, which has increased the uptake of RTUs in many countries, .

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

Source: WhatTech

SMART GRID Bulletin March 2018

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