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Southeast Asia Industrial RTU Market to Grow by USD 83.8 Million (2024-2028) as Modular RTUs Gain Popularity; AI-Powered Market Evolution Report – Technavio

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NEW YORK, Oct. 29, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Industrial remote terminal unit (RTU) market in southeast asia size is estimated to grow by USD 83.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.7%  during the forecast period. Rising popularity of modular RTUs is driving market growth, with a trend towards application of RTUs in smart city expansion. However, deployment and communication reliability issues of RTUs poses a challenge.Key market players include ABB, Advantech Co. Ltd., Beckhoff Automation, Brodersen Systems AS, Delta Electronics Inc., Emerson Electric Co., General Electric Co., Hitachi Energy Ltd., Hollysys Automation Technologies Ltd., Honeywell International Inc., ICP DAS CO. LTD., Kalki Communication Technologies Pvt. Ltd., Mitsubishi Electric Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Terma AS, Toshiba Corp., and Yokogawa Electric Corp..

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Industrial Remote Terminal Unit (RTU) Market In Southeast Asia Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.7%

Market growth 2024-2028

USD 83.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.2

Regional analysis

Southeast Asia

Performing market contribution

Southeast Asia at 100%

Key countries

Singapore, Thailand, Malaysia, Indonesia, and Rest of Southeast Asia

Key companies profiled

ABB, Advantech Co. Ltd., Beckhoff Automation, Brodersen Systems AS, Delta Electronics Inc., Emerson Electric Co., General Electric Co., Hitachi Energy Ltd., Hollysys Automation Technologies Ltd., Honeywell International Inc., ICP DAS CO. LTD., Kalki Communication Technologies Pvt. Ltd., Mitsubishi Electric Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Terma AS, Toshiba Corp., and Yokogawa Electric Corp.

Market Driver

The industrial Remote Terminal Unit (RTU) market in Southeast Asia is experiencing notable growth due to the increasing development of smart cities in the region. A prime example is Indonesia’s new capital, Nusantara, which began construction in May 2024. This ambitious project, located on Borneo Island, highlights the importance of digital transformation in modern urban planning. Nusantara, designed as the world’s first smart forest city, showcases the rising demand for RTUs in managing and monitoring urban infrastructure. With the deployment of high-speed Internet networks and advanced technology, the city’s efficient functioning relies on RTUs for data acquisition, control, and communication across various sectors, including utilities, transportation, and environmental monitoring. The global push towards smart city development positions the industrial RTU market in Southeast Asia for substantial growth. This trend is expected to continue as investments in smart city projects increase worldwide. Consequently, the application of RTUs in smart city expansion will significantly impact the market during the forecast period. 

The Industrial Remote Terminal Unit (RTU) market is experiencing significant growth, particularly in sectors requiring emissions monitoring, mine sites, air traffic equipment, hydro-graphic projects, electrical power transmission, natural gas networks, outdoor warning sirens, and the Power Generation Industry. Key manufacturers include prominent vendors of Wireless and Wired Industrial RTUs. Trends include infrastructure upgrades for grid efficiency, voltage levels, and automation control systems. Deployment types span power sector applications such as oil and gas, offshore platforms, onshore oil wells, pump stations, wastewater collection, and environmental monitoring. Monitoring technologies cover electrical devices, sensor signals, and digital signals. Data security is paramount, with microprocessor-controlled, electronic devices and distributed control systems like SCADA and telemetry data essential for master system remote monitoring. The economic, political, and social landscapes influence market dynamics. Emissions monitoring addresses pollution concerns, while voltage levels ensure grid reliability. Automation and control systems improve operational efficiency. In the Power Sector, RTUs play a crucial role in managing electrical power transmission and natural gas networks, ensuring grid efficiency and reducing pollution. 

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Market Challenges

Industrial operations rely heavily on Remote Terminal Units (RTUs) for efficient and reliable data collection and control in remote or harsh environments. However, deploying RTUs comes with significant challenges. Communication reliability is a major concern, as wireless signals can be disrupted by physical obstructions, weather conditions, and electromagnetic interference, leading to data transmission delays or losses. Power management is another issue, with RTUs relying on battery power or solar energy, which have their limitations. Battery-powered RTUs require regular maintenance and replacement, while solar-powered ones depend on consistent sunlight exposure. To overcome these challenges, industries must invest in advanced communication technologies and power management solutions, such as resilient communication protocols, signal boosters, and redundant communication pathways. Innovations in energy storage and management, like efficient batteries and hybrid power systems, can also help mitigate power-related issues. Addressing these challenges is crucial for the success of RTUs in industrial operations and the growth of the RTU market.The Industrial Remote Terminal Unit (RTU) market encompasses various industries including emissions monitoring, mine sites, air traffic equipment, hydro-graphic, electrical power transmission, natural gas networks, outdoor warning sirens, and the Biosphere II project. Prominent vendors offer both wired and wireless RTUs to cater to diverse deployment types. Key industries like power generation, oil and gas, and waste water collection rely heavily on RTUs for automation and control systems, infrastructure upgrades, grid efficiency, and voltage level management. Challenges in this market include data security, economic, political, and social landscapes. Monitoring technologies must ensure reliable transmission of sensor signals and digital signals from electrical devices. RTUs must be microprocessor-controlled, electronic devices capable of distributed control systems, SCADA, and telemetry data processing. The power sector, including onshore and offshore oil platforms, pump stations, and wastewater collection, requires real-time remote monitoring for environmental monitoring, pollution control, and air quality management.

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Segment Overview 

This industrial remote terminal unit (rtu) market in southeast asia report extensively covers market segmentation by  

Product 1.1 Wireless industrial RTU1.2 Wired industrial RTUEnd-user 2.1 Oil and gas2.2 Power generation2.3 Chemicals and petrochemical2.4 Water and wastewater industry2.5 OthersGeography 3.1 Southeast Asia

1.1 Wireless industrial RTU-  The Industrial RTU market refers to the sale and deployment of Remote Terminal Units in industrial settings. These devices enable remote monitoring and control of industrial processes, enhancing efficiency and reducing operational costs. Key players in this market include Siemens, Schneider Electric, and Honeywell. The market is driven by the increasing demand for automation in industries and the need for real-time data monitoring. Growth is expected to continue, with a focus on advanced features such as data analytics and cybersecurity.

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Research Analysis

The Industrial Remote Terminal Unit (RTU) market refers to microprocessor-controlled electronic devices used in industrial automation for remote monitoring and control applications. These units are integral components of distributed control systems (DCS) and Supervisory Control and Data Acquisition (SCADA) systems. RTUs collect telemetry data from various sensors and transmit it to the master system for processing and analysis. They find extensive use in various industries, including oil and gas (onshore and offshore platforms, pump stations), wastewater collection and environmental monitoring (pollution, air quality, emissions monitoring), mine sites, air traffic equipment, hydro-graphic, electrical power transmission, natural gas networks, outdoor warning sirens, and the Biosphere II project. RTUs come in both wired and wireless versions to cater to diverse industrial requirements. The Power Generation Industry is a significant consumer of RTUs due to the need for remote monitoring and control of power plants.

Market Research Overview

The Industrial Remote Terminal Unit (RTU) market refers to microprocessor-controlled electronic devices used in distributed control systems for monitoring and controlling industrial processes. These RTUs are integral components of Supervisory Control and Data Acquisition (SCADA) systems, enabling remote monitoring and automation of various industries. Applications span across sectors such as oil and gas (offshore platforms, onshore oil wells, pump stations), wastewater collection, environmental monitoring (pollution, air quality, emissions monitoring), mine sites, air traffic equipment, hydro-graphic, electrical power transmission, natural gas networks, outdoor warning sirens, and the Biosphere II project. The economic landscape of the RTU market is driven by infrastructure upgrades, grid efficiency, and power sector growth. The political landscape includes regulations and policies influencing data security and emissions monitoring. Social factors include the increasing demand for automation and control systems. Two main types of RTUs exist: wireless and wired. Key monitoring technologies include sensor signals and digital signals. Prominent industries include power generation and wastewater collection. Key manufacturers focus on developing advanced RTUs with enhanced data security features. The market is expected to grow due to the increasing need for real-time monitoring and automation in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductWireless Industrial RTUWired Industrial RTUEnd-userOil And GasPower GenerationChemicals And PetrochemicalWater And Wastewater IndustryOthersGeographySoutheast Asia

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Joycollab by Pitch Solution Now Supports More Languages to Boost User Connectivity and Productivity

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SEOUL, South Korea, Oct. 30, 2024 /PRNewswire/ — Pitch Solution has enhanced its Joycollab metaverse office platform by adding English and Japanese language support, alongside the existing Korean interface as part of its global expansion plan. This follows extensive preparations for the Japanese market entry, including local market research, participation in trade shows, usability improvements based on feedback, and engagement with local companies since early 2023.

Launched in South Korea in May 2022, Joycollab enhances remote collaboration for businesses and organizations through a user-friendly 2.5D virtual office. Accessible through PC web browsers and mobile applications, it supports features such as video conferencing (including Zoom), voice and text chat, instant messaging, and avatar gestures. It also provides essential tools such as information board, kanban board, electronic approval system, and Google integrated calendar to increase team productivity and efficiency. The platform also includes a time zone feature, ensuring that remote teams, overseas offices, and customers can collaborate effortlessly regardless of location. 

Building on its success in the APAC region, Pitch Solution participated in the K-Metaverse@Vietnam exhibition in Ho Chi Minh City in September 2024. The event allowed Pitch Solution to explore the Vietnamese market, generate significant interest from local buyers and secure new partnerships.

 An Jung-su, CEO of Pitch Solution, shared his vision for the company’s future, stating, “Along with the Joycollab office platform, we plan to enhance our core technologies and differentiate our services through the integration of Joycollab Community World. This will expand our service offerings, support our entry into overseas markets, and create new business opportunities, driving our growth as a global company.”

To celebrate, Pitch Solution is offering the first 50 companies a free three-month trial of Joycollab’s premium plan. Visit https://jcollab.com/freetrial_EN.html to claim this offer.

Experience Joycollab’s metaverse office home page in English https://jcollab.com/index_EN.html or Japanese https://jcollab.com/index_JP.html and visit https://pitchsolution.co.kr/ to learn more about Pitch Solution.

Contact support@pitchsolution.co.kr or  https://jcollab.com/inquire_EN.html to inquire more about Joycollab or Pitch Solution’s innovative service. 

About Pitch Solution

Founded in February 2020, Pitch Solution Co., Ltd. specializes in collaboration solutions. With over a decade of experience in developing and operating software solutions, the company now focuses on creating immersive collaboration tools and metaverse platforms that meet the needs of the new normal era.

For media inquiries, please contact Jonggeun Park, General Manager, jgpark@pitchsolution.co.kr 

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SOURCE Pitch Solution

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PingPong Partners with China’s Largest Trade Fair to Empower Global Businesses finding High-Quality Supply Chains

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GUANGZHOU, China, Oct. 30, 2024 /PRNewswire/ — PingPong, one of the leading global cross-border payments platforms for businesses, is proud to officially  announce its role as the cooperative partner of the ‘Trade Bridge’, a trade promotion initiative during the 136th Canton Fair. The multi-day event will feature over 30,000 global companies exhibiting goods, and host more than 130,000 global buyers from over 200 countries and regions.

As a cooperative partner of the Canton Fair’s “Trade Bridge” initiative, PingPong has leveraged its global ecosystem to bring over 300 buyers to the event from around the world, particularly Thailand, Indonesia, South Korea and Vietnam. These buyers can easily connect with top Chinese sellers and screen suppliers, facilitating global trade corridors.

PingPong has also created a platform to match Chinese merchants with high-quality global buyers, facilitating 1-on-1 meetings to support both buyer and seller needs. Additionally, PingPong is hosting three online and offline procurement matchmaking events, opening new opportunities for global expansion.

Earlier this year, Canton Fair’s Trade Bridge signed a comprehensive strategic partnership with PingPong to utilize its global ecosystem to help Chinese businesses expand internationally.

Jianqin Shu,Partner and General Manager of SMB Business Group at PingPong said, “At this year’s Canton Fair, we’ve mobilized local teams, partners, and buyers from around the world, including Vietnam, South Korea, Indonesia and Thailand, forming a delegation of hundreds to meet face-to-face with trade companies. This shows PingPong’s value is more than just in payments, it is a global ecosystem of buyers and sellers. In September, we also led an industry summit in Vietnam with over 4,000 attendees to help businesses access global markets. Going forward, we will continue expanding our network to more countries and regions, offering valuable connections and fostering growth for merchants on our platform.”

One of PingPong’s clients is Thai buyer Sumin Tunpeiroh, who is also a representative at the event. He hopes to source new steel grinding machines for next year’s sales, commenting, “PingPong built an excellent platform, allowing us to engage directly with top companies and discover the newest products.”

PingPong will continue to facilitate trade connections during the second and third phases of the 136th Canton Fair, focusing on matching buyers from Thailand and South Korea with high-quality Chinese suppliers. And PingPong also invited top Vietnamese influencer ZhuZhu and leading Thai beauty blogger PeePee to livestream their exhibition experiences during the fair. These livestreams create in-depth opportunities for foreign trade businesses to connect with international influencers, opening a window to overseas markets and consumers, and helping businesses transform in the digital trade era.

About PingPong

PingPong was founded in New York in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world’s leading global cross-border payments platforms, processing more than $200 billion USD. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale.

PingPong currently has 30 offices spanning 11 countries, with over 1000 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones.

About Canton Fair:

As a comprehensive international trading event with the longest history, the largest scale, the most complete exhibit variety, the largest buyer attendance, the most diverse buyer origin and the greatest business turnover in China, Canton Fair is hailed as China’s No.1 Fair and the barometer of China’s foreign trade.

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Garda World Security Corporation Announces Pricing of Previously Announced Offering of US$1 Billion of Senior Notes due 2032

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MONTRÉAL, Oct. 29, 2024 /PRNewswire/ – Garda World Security Corporation (“GardaWorld” or the “Company”), an entrepreneurial-driven corporation focused on building global champions in security services, AI-enabled security technology, integrated risk management and cash automation solutions, announced today the pricing of the private offering (the “Offering”) of US$1.0 billion aggregate principal amount of 8.375% senior unsecured notes due 2032 (the “Notes”). The Offering is expected to close on or about October 31, 2024, subject to the completion of customary closing conditions.

The Company intends to use the net proceeds from the Offering (i) to finance the previously announced conditional redemption of all of its 9.5% senior unsecured notes due 2027 (the “2027 Unsecured Notes Redemption”), (ii) to finance the cash consideration in respect of its previously announced acquisition of the business of Stealth Monitoring, a North American leader in cutting-edge commercial mobile and fixed video monitoring security solutions in the United States and Canada (the “Stealth Acquisition”), (iii) to pay fees and expenses related to the Offering, the 2027 Unsecured Notes Redemption and the Stealth Acquisition, and (iv) with any remaining proceeds, for general corporate purposes, including potential future acquisitions. Pending any specific application of the net proceeds, the Company may use a portion of the proceeds to invest in government securities or cash equivalents.

The Offering will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in the United States only to investors who are reasonably believed to be “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act, and pursuant to the prospectus exemption of section 12 of the Securities Act (Québec) for distribution of securities to persons established outside Québec, or outside the United States pursuant to Regulation S under the Securities Act and upon reliance on the accredited investor prospectus exemption in Canada.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the Notes (nor the Company’s 9.5% senior unsecured notes due 2027) in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes mentioned herein have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of securities in Canada will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or Canada without registration or an applicable exemption from registration requirements or an applicable exemption from the prospectus requirements of Canadian securities legislation.

About GardaWorld

GardaWorld is an entrepreneurial-driven corporation that builds global champions in security services, AI-enabled security technologies, integrated risk management and cash automation solutions, employing more than 132,000 highly skilled and dedicated professionals across the globe. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld’s global champions offer sophisticated, tailored security and technology solutions through high-touch partnerships and consistently superior service delivery. With a deep understanding that security is critical to the organizational resilience of business operations and the safety of communities, GardaWorld is committed to impeccable governance, professional care and the well-being of everyone. Thanks to a well-earned reputation, GardaWorld businesses are long-standing security partners of choice to some of the most prominent brands, influential individuals, Fortune 500 corporations and governments. For more information, visit gardaworld.com.  

Forward-Looking Statements

Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of the applicable securities laws. Certain statements in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to GardaWorld’s future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as “may”; “will”; “should”; “expect”; “plan”; “anticipate”; “believe”; “intend”; “estimate”; “predict”; “potential”; “continue”; “foresee”, “ensure” or other similar expressions concerning matters that are not historical facts. In particular, statements regarding GardaWorld’s future operating results and economic performance and its objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions including the growth management, market competition, cost of financing, key personnel, government regulations, standard customer service contracts, insurance, strikes and other labor protest, supply chain disruptions, information technology system and cybersecurity breaches, operations outside Canada and the United States, cash in circulation and prevailing economic activity, currency fluctuations, credit risk, reputational risk and financial covenants risk, many of which are beyond GardaWorld’s control. While management considers these assumptions to be reasonable based on information currently available to GardaWorld, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what GardaWorld currently expects. The foregoing list of important factors is not exhaustive. Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. GardaWorld will not update these statements unless applicable securities laws require GardaWorld to do so.

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SOURCE GardaWorld Security Corporation

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