The Europe Remote Monitoring and Control Market should witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Remote monitoring and control solutions have quickly developed technologically with the development of communication technology. As there is an increased focus on industrial automation and efficient use of resources, it is seen that there is a growing awareness of energy efficiency and the need for remote control in industrial operations.
The market is expected to encounter significant expansion as there is an increase in demand for remotely managed assets and the growing acceptance of industrial automation drive for maximum utilization of resources. These technologies offer an increase in productivity & security, by saving time and providing insights for remote management of monitoring systems.
Moreover, the remote monitoring and control systems are used by companies to collect information on the energy consumption, power output, running time, material consumption, and operating temperature of machines installed in the facilities. There is a massive demand for remote monitoring and control solutions due to the implementation of automation across industries like oil & gas, automation, and manufacturing. Also, changes in rules & regulations creates need for strict control and monitoring to ensure worker’s safety along with environmental protection.
In 2019, the UK government has issued the AI sector Deal, outlining a budget of over USD1.3 billion to support the sector’s expansion. The government has also proclaimed a new strategy to make the UK a worldwide center for the commercialization, adoption, and development of AI. The ecological transformation of France economy has been outlined in “France Revival Plan 2030.” France would largely invest in advanced and innovative technologies with the aim of being the first European nation to reach carbon neutrality in 2050.
The Germany market dominated the Europe 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 $2, 216.2 million by 2028. The UK market is anticipated to grow at a CAGR of 4.1% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Remote monitoring and control solutions have quickly developed technologically with the development of communication technology. As there is an increased focus on industrial automation and efficient use of resources, it is seen that there is a growing awareness of energy efficiency and the need for remote control in industrial operations.
The market is expected to encounter significant expansion as there is an increase in demand for remotely managed assets and the growing acceptance of industrial automation drive for maximum utilization of resources. These technologies offer an increase in productivity & security, by saving time and providing insights for remote management of monitoring systems.
Moreover, the remote monitoring and control systems are used by companies to collect information on the energy consumption, power output, running time, material consumption, and operating temperature of machines installed in the facilities. There is a massive demand for remote monitoring and control solutions due to the implementation of automation across industries like oil & gas, automation, and manufacturing. Also, changes in rules & regulations creates need for strict control and monitoring to ensure worker’s safety along with environmental protection.
In 2019, the UK government has issued the AI sector Deal, outlining a budget of over USD1.3 billion to support the sector’s expansion. The government has also proclaimed a new strategy to make the UK a worldwide center for the commercialization, adoption, and development of AI. The ecological transformation of France economy has been outlined in “France Revival Plan 2030.” France would largely invest in advanced and innovative technologies with the aim of being the first European nation to reach carbon neutrality in 2050.
The Germany market dominated the Europe 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 $2, 216.2 million by 2028. The UK market is anticipated to grow at a CAGR of 4.1% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Remote Monitoring and Control Market, by Industry
1.4.2 Europe Remote Monitoring and Control Market, by Component
1.4.3 Europe 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 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. Europe Remote Monitoring and Control Market by Industry
4.1 Europe Oil & Gas Market by Country
4.2 Europe Water & Wastewater Treatment Market by Country
4.3 Europe Metals & Mining Market by Country
4.4 Europe Food & Beverage Market by Country
4.5 Europe Chemical Market by Country
4.6 Europe Power Market by Country
4.7 Europe Automotive Market by Country
4.8 Europe Pharmaceutical Market by Country
4.9 Europe Semiconductor & Electronics Market by Country
4.1 Europe Other Industry Market by Country
Chapter 5. Europe Remote Monitoring and Control Market by Component
5.1 Europe Solution Market by Country
5.2 Europe Remote Monitoring and Control Market by Solution Type
5.2.1 Europe SCADA Market by Country
5.2.2 Europe Vibration Monitoring Market by Country
5.3 Europe Field Instruments Market by Country
5.4 Europe Remote Monitoring and Control Market by Field Instruments Type
5.4.1 Europe Pressure Transmitters Market by Country
5.4.2 Europe Temperature Transmitters Market by Country
5.4.3 Europe Humidity Transmitters Market by Country
5.4.4 Europe Level Transmitters Market by Country
5.4.5 Europe Intelligent Flow Meters Market by Country
5.4.6 Europe Others Market by Country
Chapter 6. Europe Remote Monitoring and Control Market by Country
6.1 Germany Remote Monitoring and Control Market
6.1.1 Germany Remote Monitoring and Control Market by Industry
6.1.2 Germany Remote Monitoring and Control Market by Component
6.1.2.1 Germany Remote Monitoring and Control Market by Solution Type
6.1.2.2 Germany Remote Monitoring and Control Market by Field Instruments Type
6.2 UK Remote Monitoring and Control Market
6.2.1 UK Remote Monitoring and Control Market by Industry
6.2.2 UK Remote Monitoring and Control Market by Component
6.2.2.1 UK Remote Monitoring and Control Market by Solution Type
6.2.2.2 UK Remote Monitoring and Control Market by Field Instruments Type
6.3 France Remote Monitoring and Control Market
6.3.1 France Remote Monitoring and Control Market by Industry
6.3.2 France Remote Monitoring and Control Market by Component
6.3.2.1 France Remote Monitoring and Control Market by Solution Type
6.3.2.2 France Remote Monitoring and Control Market by Field Instruments Type
6.4 Russia Remote Monitoring and Control Market
6.4.1 Russia Remote Monitoring and Control Market by Industry
6.4.2 Russia Remote Monitoring and Control Market by Component
6.4.2.1 Russia Remote Monitoring and Control Market by Solution Type
6.4.2.2 Russia Remote Monitoring and Control Market by Field Instruments Type
6.5 Spain Remote Monitoring and Control Market
6.5.1 Spain Remote Monitoring and Control Market by Industry
6.5.2 Spain Remote Monitoring and Control Market by Component
6.5.2.1 Spain Remote Monitoring and Control Market by Solution Type
6.5.2.2 Spain Remote Monitoring and Control Market by Field Instruments Type
6.6 Italy Remote Monitoring and Control Market
6.6.1 Italy Remote Monitoring and Control Market by Industry
6.6.2 Italy Remote Monitoring and Control Market by Component
6.6.2.1 Italy Remote Monitoring and Control Market by Solution Type
6.6.2.2 Italy Remote Monitoring and Control Market by Field Instruments Type
6.7 Rest of Europe Remote Monitoring and Control Market
6.7.1 Rest of Europe Remote Monitoring and Control Market by Industry
6.7.2 Rest of Europe Remote Monitoring and Control Market by Component
6.7.2.1 Rest of Europe Remote Monitoring and Control Market by Solution Type
6.7.2.2 Rest of Europe 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:
Companies Mentioned
- 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
Methodology
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