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

2 years ago

October 29, 2024

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
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

McRae Industries, Inc. Military Contract Award

Published

55 minutes ago

July 20, 2026

MOUNT GILEAD, N.C., July 20, 2026 /PRNewswire/ — McRae Industries, Inc. received a contract award from the United States Government DLA Troops Support for Navy safety toe boots. This is a firm fixed price, indefinite delivery/indefinite quantity contract that has a three-year ordering period. The estimated dollar amount for this award is $21,363,367 while the maximum award amount is $32,998,023.

Forward-Looking Statements
This press release includes certain forward-looking statements. Important factors that could cause actual results or events to differ materially from those projected, estimated, assumed or anticipated in any such forward-looking statements include: the effect of competitive products and pricing, the potential impact of tariffs on our business, uncertainties concerning the tariff refund program announced in March 2026, risks unique to selling goods to the Government (including variation in the Government’s requirements for our products and the Government’s ability to terminate its contracts with vendors), changes in fashion cycles and trends in the western boot business, loss of key customers, acquisitions, supply interruptions, additional financing requirements, our expectation about future Government orders for military boots, loss of key management personnel, our ability to successfully develop new products and services, and the effect of general economic conditions in our markets.

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SOURCE McRae Industries, Inc.

Technology

Huntington Bank Named the United States’ Best Digital Bank for Consumers

Published

55 minutes ago

July 20, 2026

Prestigious global recognition from Euromoney highlights Huntington’s people-first, digitally powered approach to helping customers manage their financial lives

COLUMBUS, Ohio, July 20, 2026 /PRNewswire/ — The Huntington National Bank (Huntington), a top 10 U.S. commercial bank, today announced that it has been named the United States’ Best Digital Bank for Consumers as part of Euromoney’s 2026 Awards for Excellence, one of the global banking industry’s most respected and comprehensive award programs. This recognition reflects Huntington’s leadership in delivering customer-focused digital experiences that bring together the right tools, insights and capabilities to help people manage their money with greater confidence.

“At Huntington, we believe the future of banking is not simply digital—it is personal. Our digital strategy is rooted in the belief that banking should help people feel more confident about their financial decisions,” said Brant Standridge, president of consumer and regional banking at Huntington. “Bringing together data, technology and the expertise of our colleagues has allowed us to build a banking experience that is more personal, intuitive and responsive to the full context of our customers’ lives. This global recognition by Euromoney reinforces our commitment to this strategy and inspires us to continue raising the bar for the customers and communities we serve.”

For more than 30 years, Euromoney’s Awards for Excellence have recognized financial institutions that set the global standard in performance, innovation and client impact. The program evaluates financial institutions across more than 100 countries through a rigorous, independent and evidence-based assessment process designed to benchmark organizations against their peers.

According to Euromoney, Huntington was recognized for its innovative consumer digital banking platform, which combines personalized financial guidance, family banking solutions and customer-friendly features designed to improve financial well-being.

Through the bank’s mobile app and tools like The Hub, Huntington Heads Up, Teen Banking and Caregiver Banking, Huntington delivers personalized guidance directly within the digital banking experience. Customers can track spending and savings goals, receive proactive alerts that help them avoid fees and stay on track, learn healthy money habits, and support loved ones who may need assistance managing their finances. By embedding these capabilities into everyday banking, Huntington makes financial management more personalized and accessible, helping customers confidently navigate important financial decisions at every stage of life.

Huntington also recently ranked highest among regional banks in the JD Power 2026 Online Banking Satisfaction Study and the JD Power 2026 Mobile App Satisfaction Study, reflecting its leadership across online and mobile, driven by practical tools and financial education that helps customers get more from their money.

As the bank continues to grow – including through its recent partnerships with Veritex Bank and Cadence Bank – the company is expanding access to these award-winning digital capabilities and introducing more customers and small businesses to Huntington’s customer-centric and intuitive digital experiences.

To learn more about why Huntington was selected for this award, visit Awards for Excellence national winners 2026: US’s best digital bank for consumers – Huntington Bank – Euromoney.

About Huntington

Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

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SOURCE Huntington Bank

Technology

Voice-Only Outreach ‘Structurally Misses’ Gen Z and Millennial Debt Holders, Says Vodex AI CEO Ahead of ACA International Convention 2026

Published

55 minutes ago

July 20, 2026

Voice AI alone cannot solve modern debt collection challenges without context, orchestration, and complianceAI-powered engagement should combine voice, SMS, email, and account intelligence to improve consumer engagement and resolution ratesDROS will demonstrate its collections operating layer at ACA International Convention, July 22–24, Orlando

DOVER, Del., July 20, 2026 /PRNewswire/ — As debt collection agencies increasingly explore AI adoption, industry research shows that AI and machine learning are becoming important tools for improving collections operations. However, voice AI alone cannot address the industry’s biggest challenges around customer engagement, account context, and compliance, according to Anshul Shrivastava, Co-Founder and CEO of Vodex. What is needed is leveraging an intelligent engagement layer that knows the account, picks the right channel, and stays compliant, not another calling tool.

Voice AI without context creates engagement and compliance gaps

One of the most persistent challenges in debt collection is that consumers rarely answer calls from unknown numbers, making voice-only outreach increasingly ineffective. Equally challenging is identifying and engaging customers through the communication channel they are most likely to respond to—whether voice, SMS, or email—rather than relying solely on phone calls.

“Gen Z and millennials, a growing share of debt holders, prefer text, email, self-service, and digital solutions over phone calls. A voice-only strategy structurally misses them. Engagement isn’t about one channel; it’s about reaching each consumer on the channel they actually respond to,” shared Shrivastava.

This is where an average generic voice AI falls short. Off-the-shelf voice bots have no awareness of the account, the balance, the history, prior promises, disputes, or prior contact attempts. Without context, an AI call is just a robocall with better pronunciation. Most organizations have been deploying AI for the sake of it, instead of leveraging it for the right reasons, use cases, configuration, and partners.

“Such an approach can be counterproductive and may expose organizations to unnecessary regulatory risks, including compliance requirements under the Fair Debt Collection Practices Act (FDCPA), Regulation F call frequency limits, the Telephone Consumer Protection Act (TCPA), and applicable state-level regulations,” the CEO added.

Building an AI operating layer beyond standalone voice bots

“While closely following the collection space, working with peers and even while building Vodex, we constantly encountered such problems. Sure, voice AI helps, but it alone can never solve debt collection; the real gap lies in context and orchestration,” noted Shrivastava.

That’s when the team decided to launch an AI collection software DROS: context-aware AI agents that know the account, the history, and the right next step, and beyond that, an operating layer for collections engagement where teams can see their accounts, orchestrate outreach across channels, track promises to pay, and keep every interaction compliant, track an execution layer that sits on top of existing systems.

But how must collection agencies function now to be the most effective?

How collection agencies can build smarter AI strategies

While there isn’t a one-size-fits-all solution, these are some hygiene checks that could help agencies:

Use AI in the right use cases first (payment reminders, promise-to-pay follow-up, early-stage outreach) rather than everywhere at onceDemand account context — if the AI doesn’t know the account history, it will damage consumer relationshipsTreat compliance as an architecture question, not a settings toggleThink omnichannel from day one, voice, SMS, email working together based on consumer preferenceChoose a partner who knows collections, not a generic AI vendor

The DROS team will be at the ACA International Annual Convention in Orlando, July 22–24, Booth #403, showcasing how they have shaped DROS and how it could help its industry peers. For further information, please visit DROS.

About DROS.ai

DROS.ai is an AI-native operating layer built for modern collections, helping teams manage engagement, context, prioritization, and execution without adding more fragmentation. It makes sure that debt buyers, lenders, and in-house receivables teams connect voice, SMS, email, workflows, and account decisions into one operating layer.

Media contact

For media queries, please contact
contact@dros.ai

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SOURCE DROS.ai