The Remote Monitoring And Control Global Market Report 2023, provides comprehensive information on the remote monitoring and control market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global remote monitoring and control market size is expected to grow from $26.26 billion in 2022 to $27.66 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global remote monitoring and control market size is expected to reach $34.87 billion in 2027 at a CAGR of 6.0%.
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Technological advancement is the key trend gaining popularity in the remote monitoring and control market. Major companies operating in the remote monitoring and control market are focusing on developing new technologies to sustain their market position. For instance, in March 2021, Meech International, a UK-based manufacturer of static control equipment and web cleaning systems launched SmartControl Touch, the newest remote monitoring solution. The SmartControl Touch enables users to remotely manage and monitor the functioning of numerous connected Hyperion ionizing bars and sensors via a smartphone, tablet, or desktop computer. It is an advanced monitoring and controlling tool that supports Meech voltage and distance sensors has a 10″ integrated touch screen, allows data logging, and more. To help businesses maximize efficiency and output quality, SmartControl Touch has been developed in conjunction with the development of Industry 4.0 technology.
The remote monitoring and control market is segmented:
1) By Type: Solutions, Field Instruments
2) By Action: Monitoring, Control
3) By Industry: Oil And Gas, Chemical, Water And Wastewater Treatment, Metals And Mining, Food And Beverages, Power, Automotive, Pharmaceutical, Other Industries
Asia-Pacific was the largest region in the remote monitoring and control market in 2022.
The table of contents in TBRC’s remote monitoring and control market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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