Albany, NY -- (SBWIRE) -- 05/19/2017 -- Remote Terminal Units Market: General Outline
A remote terminal unit is a microprocessor-based device, connected to process equipments, transmitters or sensors, for the purpose of remote telemetry and control. RTUs with the aid of appropriate sensors, monitor the status of the process via digital and analogue inputs. They provide control outputs to switch plant such as circuit breakers and tap changers. In the oil and gas industry, during the drilling process, RTUs are used to transmit drilling mechanics, and rock formation information up-hole, in real time. These services are known as logging while drilling and measurement while drilling, Schlumberger's Pulse Technology is a perfect example of this. During the process of drilling, tools use this methodology to send information acquired thousands of feet below the ground. The pressure wave is then translated into a useful information after DSP (Digital Signal Processing) and noise filters, and is later used for drilling optimization, formation evaluation, and geosteering.
Remote Terminal Units Market: Comprehensive Overview
The advent of improved technology for process monitoring and data transmission has dominated the market drivers for remote terminal units. With improved SCADA (Supervisory Control and Data Acquisition) regulations by various governments across the globe, and increased threat of data security, organizations are now looking at the latest technologies for remote terminal units.
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Developing markets and new drilling areas also contribute to the growth of the RTU market for oil and gas sectors. Despite the growth factors, the industry does face a few challenges. In the European and North American region, RTU system has been established since the 1970s, and there remains no scope for new installations, in other words, markets of these regions have reached a saturation point. Also, significant financial investment is required to lay down a network across regions and to establish RTUs at inaccessible locations. However, with new fields being discovered in the Asia Pacific region, there is a scope for growth.
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Remote Terminal Units Market: Segment Overview
Based on the mode of application, the RTU industry is classified into: RTUs for Oil and Gas Wells and RTUs for Compressor, Pump or Valve Stations. A further classification can be made on the basis of the industry such as power, oil exploration or pipeline management. Also, based on the connectivity, RTUs may use telephone hard lines or wireless transmission systems.
Geographically, the remote terminal units market is currently concentrated in the Asia Pacific region due to initiation of major oil exploration projects as well as power grid expansion in India, China, Malaysia, and Indonesia. In the Rest of the World, the Middle East, Africa, and Latin America is also witnessing a similar trend. Whereas, the European and North American regions are expected to see a significant decline in the demand of RTUs, as the market already has a well-established SCADA network.
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Remote Terminal Units Market: Key Market Players
Some of the major companies involved in the manufacture and integration of remote terminal units are: TopRank Corporation Sdn. Bhd., ABB Ltd., Schneider Electric SE, Siemens AG, General Electric Company, and Schweitzer Engineering Laboratories, Inc.
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