The North America Remote Monitoring and Control Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
The evolution of remote monitoring and control systems has led to many changes. Due to a shortage of resources and an effort to reduce costs, remote monitoring and control systems have become a common practice instead of just being used by dispersed industrial units. An increase in the use of wireless technology has made the implementation of remote monitoring and control solutions possible more quickly and easily.
By reducing the cost of execution, remote monitoring and control solutions are driving the industry come alive. Since a single resource can monitor many units or production lines at a lower cost, the scarcity of necessary resources is also impacting the adoption of remote monitoring and control solutions. With the development of sensors, it is now possible to monitor equipment more efficiently, minimize unplanned downtime, and extend the equipment's lifespan.
The international trade agency (ITA) of the US has extended its support for smart cities and IoT incorporation by integrating within the US Commercial Service a devoted IoT and Smart Cities Team that would help make prospective companies export ready. It also stated that any company willing to ask for international support in the developing IoT and smart cities sector with a specified US content. This way, the ITA has helped even SMEs increase their investments and hence expand the limits of the initiative.
The US market dominated the North America Remote Monitoring and Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,344.8 million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.1% during (2022 - 2028).
Based on Industry, the market is segmented into Oil & Gas, Water & Wastewater Treatment, Metals & Mining, Food & Beverage, Chemical, Power, Automotive, Pharmaceutical, Semiconductor & Electronics, and Others. Based on Component, the market is segmented into Solution (SCADA and Vibration Monitoring) and Field Instruments (Pressure Transmitters, Temperature Transmitters, Humidity Transmitters, Level Transmitters, Intelligent Flow Meters, and Others). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Remote Monitoring and Control Market is Predict to reach $33.3 Billion by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Honeywell International, Inc., Siemens AG, Schneider Electric SE, ABB Group, General Electric (GE) Co., Rockwell Automation, Inc., Yokogawa Electric Corporation, Fuji Electric Co., Ltd., and Endress+Hauser AG.
Scope of the Study
Market Segments Covered in the Report:
By Industry
- Oil & Gas
- Water & Wastewater Treatment
- Metals & Mining
- Food & Beverage
- Chemical
- Power
- Automotive
- Pharmaceutical
- Semiconductor & Electronics
- Others
By Component
- Solution
- SCADA
- Vibration Monitoring
- Field Instruments
- Pressure Transmitters
- Temperature Transmitters
- Humidity Transmitters
- Level Transmitters
- Intelligent Flow Meters
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Emerson Electric Co.
- Honeywell International, Inc.
- Siemens AG
- Schneider Electric SE
- ABB Group
- General Electric (GE) Co.
- Rockwell Automation, Inc.
- Yokogawa Electric Corporation
- Fuji Electric Co., Ltd.
- Endress+Hauser AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Remote Monitoring and Control Market, by Industry
1.4.2 North America Remote Monitoring and Control Market, by Component
1.4.3 North America Remote Monitoring and Control Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jun – 2022, Oct) Leading Players
Chapter 4. North America Remote Monitoring and Control Market by Industry
4.1 North America Oil & Gas Market by Country
4.2 North America Water & Wastewater Treatment Market by Country
4.3 North America Metals & Mining Market by Country
4.4 North America Food & Beverage Market by Country
4.5 North America Chemical Market by Country
4.6 North America Power Market by Country
4.7 North America Automotive Market by Country
4.8 North America Pharmaceutical Market by Country
4.9 North America Semiconductor & Electronics Market by Country
4.1 North America Other Industry Market by Country
Chapter 5. North America Remote Monitoring and Control Market by Component
5.1 North America Solution Market by Country
5.2 North America Remote Monitoring and Control Market by Solution Type
5.2.1 North America SCADA Market by Country
5.2.2 North America Vibration Monitoring Market by Country
5.3 North America Field Instruments Market by Country
5.4 North America Remote Monitoring and Control Market by Field Instruments Type
5.4.1 North America Pressure Transmitters Market by Country
5.4.2 North America Temperature Transmitters Market by Country
5.4.3 North America Humidity Transmitters Market by Country
5.4.4 North America Level Transmitters Market by Country
5.4.5 North America Intelligent Flow Meters Market by Country
5.4.6 North America Others Market by Country
Chapter 6. North America Remote Monitoring and Control Market by Country
6.1 US Remote Monitoring and Control Market
6.1.1 US Remote Monitoring and Control Market by Industry
6.1.2 US Remote Monitoring and Control Market by Component
6.1.2.1 US Remote Monitoring and Control Market by Solution Type
6.1.2.2 US Remote Monitoring and Control Market by Field Instruments Type
6.2 Canada Remote Monitoring and Control Market
6.2.1 Canada Remote Monitoring and Control Market by Industry
6.2.2 Canada Remote Monitoring and Control Market by Component
6.2.2.1 Canada Remote Monitoring and Control Market by Solution Type
6.2.2.2 Canada Remote Monitoring and Control Market by Field Instruments Type
6.3 Mexico Remote Monitoring and Control Market
6.3.1 Mexico Remote Monitoring and Control Market by Industry
6.3.2 Mexico Remote Monitoring and Control Market by Component
6.3.2.1 Mexico Remote Monitoring and Control Market by Solution Type
6.3.2.2 Mexico Remote Monitoring and Control Market by Field Instruments Type
6.4 Rest of North America Remote Monitoring and Control Market
6.4.1 Rest of North America Remote Monitoring and Control Market by Industry
6.4.2 Rest of North America Remote Monitoring and Control Market by Component
6.4.2.1 Rest of North America Remote Monitoring and Control Market by Solution Type
6.4.2.2 Rest of North America Remote Monitoring and Control Market by Field Instruments Type
Chapter 7. Company Profiles
7.1 ABB Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Honeywell International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Acquisition and Mergers:
7.2.6 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Schneider Electric SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 General Electric Company
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Geographical Expansions:
7.5.6 SWOT Analysis
7.6 Emerson Electric Co.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.7 Yokogawa Electric Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.7.5.2 Acquisition and Mergers:
7.8 Rockwell Automation, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent strategies and developments:
7.8.5.1 Product Launches and Product Expansions:
7.9 Fuji Electric Co. Ltd.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.10. Endress+Hauser AG
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Remote Monitoring and Control Market, 2018 - 2021, USD Million
TABLE 2 North America Remote Monitoring and Control Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Remote Monitoring and Control Market
TABLE 4 Product Launches And Product Expansions– Remote Monitoring and Control Market
TABLE 5 Acquisition and Mergers– Remote Monitoring and Control Market
TABLE 6 Geographical Expansions– Remote Monitoring and Control Market
TABLE 7 North America Remote Monitoring and Control Market by Industry, 2018 - 2021, USD Million
TABLE 8 North America Remote Monitoring and Control Market by Industry, 2022 - 2028, USD Million
TABLE 9 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Water & Wastewater Treatment Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Water & Wastewater Treatment Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Metals & Mining Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Metals & Mining Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Food & Beverage Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Food & Beverage Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Chemical Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Chemical Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Power Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Power Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Semiconductor & Electronics Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Semiconductor & Electronics Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Other Industry Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Other Industry Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Remote Monitoring and Control Market by Component, 2018 - 2021, USD Million
TABLE 30 North America Remote Monitoring and Control Market by Component, 2022 - 2028, USD Million
TABLE 31 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Remote Monitoring and Control Market by Solution Type, 2018 - 2021, USD Million
TABLE 34 North America Remote Monitoring and Control Market by Solution Type, 2022 - 2028, USD Million
TABLE 35 North America SCADA Market by Country, 2018 - 2021, USD Million
TABLE 36 North America SCADA Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Vibration Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Vibration Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Field Instruments Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Field Instruments Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Remote Monitoring and Control Market by Field Instruments Type, 2018 - 2021, USD Million
TABLE 42 North America Remote Monitoring and Control Market by Field Instruments Type, 2022 - 2028, USD Million
TABLE 43 North America Pressure Transmitters Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Pressure Transmitters Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Temperature Transmitters Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Temperature Transmitters Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Humidity Transmitters Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Humidity Transmitters Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Level Transmitters Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Level Transmitters Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Intelligent Flow Meters Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Intelligent Flow Meters Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 55 North America Remote Monitoring and Control Market by Country, 2018 - 2021, USD Million
TABLE 56 North America Remote Monitoring and Control Market by Country, 2022 - 2028, USD Million
TABLE 57 US Remote Monitoring and Control Market, 2018 - 2021, USD Million
TABLE 58 US Remote Monitoring and Control Market, 2022 - 2028, USD Million
TABLE 59 US Remote Monitoring and Control Market by Industry, 2018 - 2021, USD Million
TABLE 60 US Remote Monitoring and Control Market by Industry, 2022 - 2028, USD Million
TABLE 61 US Remote Monitoring and Control Market by Component, 2018 - 2021, USD Million
TABLE 62 US Remote Monitoring and Control Market by Component, 2022 - 2028, USD Million
TABLE 63 US Remote Monitoring and Control Market by Solution Type, 2018 - 2021, USD Million
TABLE 64 US Remote Monitoring and Control Market by Solution Type, 2022 - 2028, USD Million
TABLE 65 US Remote Monitoring and Control Market by Field Instruments Type, 2018 - 2021, USD Million
TABLE 66 US Remote Monitoring and Control Market by Field Instruments Type, 2022 - 2028, USD Million
TABLE 67 Canada Remote Monitoring and Control Market, 2018 - 2021, USD Million
TABLE 68 Canada Remote Monitoring and Control Market, 2022 - 2028, USD Million
TABLE 69 Canada Remote Monitoring and Control Market by Industry, 2018 - 2021, USD Million
TABLE 70 Canada Remote Monitoring and Control Market by Industry, 2022 - 2028, USD Million
TABLE 71 Canada Remote Monitoring and Control Market by Component, 2018 - 2021, USD Million
TABLE 72 Canada Remote Monitoring and Control Market by Component, 2022 - 2028, USD Million
TABLE 73 Canada Remote Monitoring and Control Market by Solution Type, 2018 - 2021, USD Million
TABLE 74 Canada Remote Monitoring and Control Market by Solution Type, 2022 - 2028, USD Million
TABLE 75 Canada Remote Monitoring and Control Market by Field Instruments Type, 2018 - 2021, USD Million
TABLE 76 Canada Remote Monitoring and Control Market by Field Instruments Type, 2022 - 2028, USD Million
TABLE 77 Mexico Remote Monitoring and Control Market, 2018 - 2021, USD Million
TABLE 78 Mexico Remote Monitoring and Control Market, 2022 - 2028, USD Million
TABLE 79 Mexico Remote Monitoring and Control Market by Industry, 2018 - 2021, USD Million
TABLE 80 Mexico Remote Monitoring and Control Market by Industry, 2022 - 2028, USD Million
TABLE 81 Mexico Remote Monitoring and Control Market by Component, 2018 - 2021, USD Million
TABLE 82 Mexico Remote Monitoring and Control Market by Component, 2022 - 2028, USD Million
TABLE 83 Mexico Remote Monitoring and Control Market by Solution Type, 2018 - 2021, USD Million
TABLE 84 Mexico Remote Monitoring and Control Market by Solution Type, 2022 - 2028, USD Million
TABLE 85 Mexico Remote Monitoring and Control Market by Field Instruments Type, 2018 - 2021, USD Million
TABLE 86 Mexico Remote Monitoring and Control Market by Field Instruments Type, 2022 - 2028, USD Million
TABLE 87 Rest of North America Remote Monitoring and Control Market, 2018 - 2021, USD Million
TABLE 88 Rest of North America Remote Monitoring and Control Market, 2022 - 2028, USD Million
TABLE 89 Rest of North America Remote Monitoring and Control Market by Industry, 2018 - 2021, USD Million
TABLE 90 Rest of North America Remote Monitoring and Control Market by Industry, 2022 - 2028, USD Million
TABLE 91 Rest of North America Remote Monitoring and Control Market by Component, 2018 - 2021, USD Million
TABLE 92 Rest of North America Remote Monitoring and Control Market by Component, 2022 - 2028, USD Million
TABLE 93 Rest of North America Remote Monitoring and Control Market by Solution Type, 2018 - 2021, USD Million
TABLE 94 Rest of North America Remote Monitoring and Control Market by Solution Type, 2022 - 2028, USD Million
TABLE 95 Rest of North America Remote Monitoring and Control Market by Field Instruments Type, 2018 - 2021, USD Million
TABLE 96 Rest of North America Remote Monitoring and Control Market by Field Instruments Type, 2022 - 2028, USD Million
TABLE 97 Key Information – ABB Group
TABLE 98 Key Information – Honeywell International, Inc.
TABLE 99 Key Information – Siemens AG
TABLE 100 Key information – Schneider Electric SE
TABLE 101 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 102 Key Information – Emerson Electric Co.
TABLE 103 Key Information – Yokogawa Electric Corporation
TABLE 104 Key information – Rockwell Automation, Inc.
TABLE 105 Key Information – Fuji Electric Co., Ltd.
TABLE 106 Key Information – Endress+Hauser AG
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jun – 2022, Oct) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Honeywell International, INC.
FIG 8 Swot analysis: Honeywell international, inc.
FIG 9 Swot analysis: Siemens AG
FIG 10 Recent strategies and developments: Schneider Electric SE
FIG 11 Swot analysis: Schneider Electric SE
FIG 12 Swot analysis: General electric (GE) Co.
FIG 13 Recent strategies and developments: Emerson Electric Co.
FIG 14 Recent strategies and developments: Yokogawa Electric Corporation