Connect with us

Technology

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

Published

on

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..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

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. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

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.

Discover how AI is revolutionizing market trends- Get your access now!

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.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302289655.html

SOURCE Technavio

Continue Reading

Technology

Hexaware Hosts Greater Manchester and West Yorkshire Mayoral Delegation, Deepens Partnership with University of Leeds

Published

on

By

Part of the Great North Mayoral Delegation’s visit to India, discussions focused on Hexaware’s UK expansion and planned R&D centers in Leeds and Manchester

MUMBAI, India, Oct. 23, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), an AI-first digital and IT services company, hosted a delegation led by Tracy Brabin, Mayor of West Yorkshire, and Bev Craig, Mayor of Greater Manchester, as part of The Great North’s first joint mayoral-led trade mission to India

Hexaware met with Tracy Brabin and delegates from West Yorkshire at its Mumbai office to discuss the company’s UK investment plans, regional employment, and opportunities for technology collaboration across the North of England.

During the visit, Hexaware and the University of Leeds discussed their agreement to strengthen industry–academic collaboration through research, knowledge sharing, and experiential learning opportunities for students.

Earlier in the mission, on October 14 in Bengaluru, Hexaware leaders met Bev Craig, Mayor of Greater Manchester, together with representatives of the British Deputy High Commission and the Invest Manchester team, to discuss Hexaware’s investment in the city region.

Hexaware announced that it will create hundreds of jobs and invest £9 million in a new Design and Innovation Centre at Manchester’s innovation district, SISTER, delivered in collaboration with the University of Manchester. By establishing a base at SISTER, Hexaware will have access to Europe’s largest clinical academic campus on Manchester’s Oxford Road Corridor and a rapidly expanding digital and tech ecosystem within the city.

The visits follow Hexaware’s June 2026 announcement of a £25 million UK expansion, expected to create approximately 1,200 jobs over three to five years across Manchester, Leeds, and Birmingham, including 420 in Manchester and 240 in Leeds. Plans include proposed R&D centers in Manchester and Leeds, with Newcastle also under consideration as a potential future location, given the region’s strong university talent pool and proximity to Scotland.

Parameshwaran Iyer, Executive Vice President & Head – Europe, Hexaware, said, “The North of England is an important part of our UK growth plans. Our investment goes into developing technology capabilities and recruiting graduates from the region’s universities, training them to work with enterprise and public-sector customers. Our new agreement with the University of Leeds will strengthen this pipeline, giving us closer access to graduate talent as we grow our presence in the region. We see considerable potential in the talent and expertise available across these cities.”

Bev Craig, Mayor of Greater Manchester, said, “Greater Manchester has established strengths in healthcare, life sciences, and AI, supported by close cooperation between universities, researchers, and industry. We welcome Hexaware’s plans for Manchester and the opportunities they present for investment, innovation, and employment in these sectors.”

Tracy Brabin, Mayor of West Yorkshire, said, “It was great to visit Hexaware’s headquarters in Mumbai and hear first-hand about the company’s ambitious plans for growth in the UK. Their investment in Leeds and the creation of hundreds of new jobs is fantastic news for West Yorkshire and a strong vote of confidence in our region. Trade missions like this give us the opportunity to meet decision-makers directly, strengthen international relationships and explore how businesses like Hexaware can deepen their links with West Yorkshire to create a stronger, better-off region that works for all.” 

Glenn McCauley, Head of Proposition Development at the University of Leeds, said, “We were delighted to join this Great North Mayoral Delegation to India and to discuss with Hexaware leadership and with the Mayor of West Yorkshire how the University of Leeds’ agreement with Hexaware can be a catalyst to drive economic growth in our region.”

India and the North of England are connected above all through people, with more than 81,000 people of Indian heritage living in Yorkshire and the Humber, and 50,000 people of Indian diaspora in Greater Manchester. Thousands of Indian students also choose universities in the two regions every year. Increasingly, Indian companies are also among the region’s investors and employers. The India–UK Comprehensive Economic and Trade Agreement (CETA), in force since July 2026, alongside The Great North’s investment initiatives, gives that relationship fresh momentum.

Hexaware will continue discussions with regional partners on its proposed R&D facilities, graduate recruitment, and technology partnerships across the North of England, drawing on Leeds’ strengths in digital engineering, data science, robotics, fintech, and technology-enabled care, and Manchester’s strengths in healthcare, life sciences, cyber, and AI.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/hexaware-hosts-greater-manchester-and-west-yorkshire-mayoral-delegation-deepens-partnership-with-university-of-leeds-302917888.html

Continue Reading

Technology

Fosun Wealth Opens Its First Private Wealth Center in Hong Kong at Harbour City, Tsim Sha Tsui

Published

on

By

Appointment-Only Center for High-Net-Worth Clients, Partnering with Fosun Wealth IFA to Expand Wealth Management Capabilities

HONG KONG, Oct. 23, 2026 /PRNewswire/ — Fosun Wealth International Holdings Limited (“Fosun Wealth”) announced the official opening of its first Private Wealth Center on the 23rd floor of Prudential Tower, at The Gateway, Harbour City, Tsim Sha Tsui, Hong Kong. The center provides a dedicated offline space for meetings and wealth planning in Hong Kong, exclusively tailored for high-net-worth clients. Visits are by appointment only, and the center operates in partnership with Fosun Wealth IFA (Independent Financial Advisor), supporting clients from initial discussions and tailored proposals through to signing and implementation.

The opening ceremony, themed “A Starry New Chapter on Victoria Harbour”, brought together business partners from fund, asset management and insurance industries in Hong Kong to celebrate the occasion.

Expanding amid Industry Growth to Address Clients’ Demand for Long-Term Advice

The opening comes as Hong Kong’s wealth management sector continues to expand. According to the Securities and Futures Commission of Hong Kong, as of the end of 2025, total assets under management (AUM) in Hong Kong jumped 20% year-on-year (YoY) to a record high of HK$42.2 trillion. Among the major segments, AUM of private banking and private wealth management business increased by an impressive 24% YoY to HK$12.9 trillion. At the same time, client expectations have shifted. High-net-worth individuals are increasingly looking beyond fragmented, one-off product recommendations and seeking professional institutions that can deliver cross-market and multi-generational support over the long term.

The center’s location in Harbour City offers views across Victoria Harbour and a calm, private setting. It features four dedicated meeting rooms, with each client received by a relationship manager throughout their visit to allow for in-depth discussions in a confidential environment. In addition to client meetings and document signing, the center will also host smaller, focused sessions to help clients better capture opportunities in Hong Kong’s wealth management market.

Strengthening Collaboration with Fosun Wealth IFA to Enrich Service Matrix

The Private Wealth Center will also serve as a working base for Fosun Wealth IFA, supporting professional discussions and the review of more complex cases. Launched by Fosun Wealth in 2025, Fosun Wealth IFA is Hong Kong’s first one-stop platform for independent financial advisors (IFAs) to establish and grow their practices. It has already built a team of nearly 500 advisors. Built on a compliant licensing framework, the platform integrates diversified financial products, AI-powered tools and structured trainings, supporting advisors from licensing through ongoing professional development to independent practice. The goal is to help raise standards and professionalism across Hong Kong IFA industry.

Fosun Wealth subsidiaries hold securities and insurance brokerage licenses. Under strict compliance, they provide access to insurance, securities, asset management, and corporate financing services. Fosun Wealth has also established partnerships with numerous leading fund houses, asset managers, and insurers, supporting both the Private Wealth Center and the IFA platform.

Cheng Kang, CEO of Fosun Wealth, said: “Hong Kong continues to strengthen its position as an international hub for asset and wealth management, supported by its resilience and openness. This creates a valuable opportunity for us to deepen our presence in the local market. The opening of the Private Wealth Center is more than the launch of a new location—it marks a new chapter in Fosun Wealth’s commitment to serving high-net-worth clients in Hong Kong with a more personal, long-term approach, bringing our ‘warm private wealth stewardship’ to a broader client base. Whether we are serving high-net-worth clients or building a stronger ecosystem for financial advisers, we aim to set a high standard in Hong Kong’s wealth management industry. We will focus on turning our capabilities into lasting value for clients, and work with clients and partners to support the continued growth of the sector.”

About Fosun Wealth International Holdings Limited

Fosun Wealth International Holdings Limited (hereinafter referred to as “Fosun Wealth”) is an AI-driven global one-stop Web5(Web2+Web3) wealth management platform wholly owned by Fosun International Limited (stock code: 656.HK) in Hong Kong. With its solid financial position, Fosun Wealth has obtained various licenses via its subsidiaries, including Type 1, 2, 4, 6, and 9 licenses granted by the Securities and Futures Commission(SFC) of Hong Kong, and an insurance broker license granted by the Insurance Authority(IA) of Hong Kong. Fosun International Securities Limited, a subsidiary of Fosun Wealth, is one of the first batch of brokerages to provide virtual asset dealing service. Fosun Wealth has launched several industry-leading brands, including the Fosun Wealth App, Finloop, FinChain, and Fosun Wealth IFA. For more information, please visit: www.fosunwealth.com.

View original content:https://www.prnewswire.com/apac/news-releases/fosun-wealth-opens-its-first-private-wealth-center-in-hong-kong-at-harbour-city-tsim-sha-tsui-302917889.html

SOURCE Fosun Wealth International Holdings Limited

Continue Reading

Technology

WOLFX Student Super App Reaches 104 Universities One Month After US Launch

Published

on

By

All-in-one college platform reports 300 percent subscription growth following Arizona campaign 

MELBOURNE, Australia, Oct. 23, 2026 /PRNewswire/ — WOLFX, an all-in-one app designed to help college students thrive academically, socially and financially, has been downloaded by students at 104 universities in 130 cities across the US just one month after its launch in Indiana.

The platform recorded a 300 percent increase in subscriptions following its Rush WOLFX campaign in Arizona. Rush WOLFX is a game of skill that involves college fraternities and sororities putting their business skills to the test to win a $10K prize. 

WOLFX plans to hold six additional Rush competitions at Universities across the country next month.

WOLFX brings together AI-powered study tools, wellness support, a student marketplace and opportunities for student entrepreneurs in a single app, giving students who juggle academic, social and financial pressures one place to manage college life.

“I developed WOLFX to make the lives of college kids better. To see the app being so well received across America gives everyone involved a huge boost,” said Simon Bishop, founder of WOLFX. “As a father, I know college can be a daunting time for students and parents. WOLFX is aimed at easing those fears of loneliness and isolation. I’m so happy WOLFX is making a difference.”

Students say the app is already part of their daily routine.

“This is honestly the only college app you’ll ever need,” said Katie Wolf, a cheerleader at Indiana University. “Whether it’s managing my schedule, working on a business idea or even selling some items on the student marketplace, WOLFX has me covered. This app is a game changer for college students.”

WOLFX Platinum is available for $28.99 per month. WOLFX can be downloaded on iOS and Android.

About WOLFX

WOLFX is a student-focused super app designed to help college students navigate campus life through AI-powered study tools, wellness support, a student marketplace and entrepreneurial opportunities. The platform aims to make college life more connected, manageable and rewarding. WOLFX is available on iOS and Android. Learn more at https://wolfxapp.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wolfx-student-super-app-reaches-104-universities-one-month-after-us-launch-302917619.html

SOURCE WOLFX

Continue Reading

Trending