Market Overview:
The global power and energy monitoring system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy efficiency and the need for real-time data analytics in order to make informed decisions about power management. The hardware segment is expected to hold the largest share of the global power and energy monitoring system market in 2018, followed by software and services. The hardware segment includes devices such as meters, sensors, controllers, relays, switches, and breakers that are used for measuring or controlling electric power systems. The software segment includes applications such as data acquisition & logging; alarming & notification; visualization & reporting; analysis & trending; engineering design tools; commissioning tools; operations management tools; and asset health assessment tools.
Product Definition:
A power and energy monitoring system is used to measure and monitor the power and energy usage of a building or facility. This information can be used to help optimize the use of power and energy, identify inefficiencies, and help reduce costs.
Hardware:
Hardware is the physical devices or tools which are used to measure, detect and analyze real-time data. In power & energy monitoring system hardware segment we can see different types of sensors such as load cells, temperature sensors, current sensors and voltage regulators among others. Hardware is an important part of PEMS (Power Electronics Management) system as it helps in proper distribution and monitoring of electric power along with its quality attributes like frequency & phase etc.
Software:
Software is the set of instructions, rules or algorithms which are used to obtain information from a device. It helps in obtaining data from a device and displays it in an easier form for human beings to understand and analyze. In case of power & energy monitoring system, software is used for measuring power quality (electronic power monitoring) and energy consumption (energy monitoring).
The global software market size was valued at USD 129 billion in 2016.
Application Insights:
The manufacturing & process industry accounted for the largest market share in 2017. The application is projected to witness significant growth over the forecast period owing to its rising adoption in various industries such as oil & gas, chemicals, food processing and paper. The need for real-time data on power consumption and generation is increasing due to growing demand from industrial users.
Utilities & renewables are anticipated to be the fastest-growing segment over the forecast period owing to rapidly expanding renewable energy generation capacity across countries such as China, India and Germany. Countries such as China, India and Brazil are focusing on installing large number of solar panels or wind turbines due to increased electricity requirement which is expected drive product demand globally over the coming years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power and energy monitoring systems from emerging economies, such as China and India. In addition, rising investments in renewable power generation are anticipated to drive industry expansion over the coming years.
The European region accounted for a significant revenue share in 2017 owing to early adoption of technologies across several sectors including manufacturing & process industry, data center, utilities & renewable energy sector. Moreover, growing awareness regarding carbon emission reduction initiatives is projected to further fuel product demand in this region over the next eight years.
North America held a substantial market share due its large presence of manufacturing companies along with government support towards implementation of Power Monitoring Systems (PMS).
Growth Factors:
- Increasing demand for energy efficient systems and equipment
- Rapid industrialization and urbanization in developing countries
- Stringent government regulations for energy conservation
- Rising awareness about the benefits of power and energy monitoring systems among businesses and consumers alike 5. Technological advancements that make these systems more efficient, reliable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Power and Energy Monitoring System Market Research Report
By Type
Hardware, Software, Services
By Application
Manufacturing & Process Industry, Data Center, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Station
By Companies
Schneider Electric, ABB, Eaton, Siemens, General Electric, Emerson, Rockwell Automation, Mitsubishi Electric, Omron, Yokogawa, Littelfuse, Fuji Electric Fa Components & Systems, Fluke Corporation, Samsara, Accuenergy, Veris Industries, Albireo Energy, Vacom Technologies, Etap- Operation Technology, Greystone Energy Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Power and Energy Monitoring System Market Report Segments:
The global Power and Energy Monitoring System market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing & Process Industry, Data Center, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Station
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- ABB
- Eaton
- Siemens
- General Electric
- Emerson
- Rockwell Automation
- Mitsubishi Electric
- Omron
- Yokogawa
- Littelfuse
- Fuji Electric Fa Components & Systems
- Fluke Corporation
- Samsara
- Accuenergy
- Veris Industries
- Albireo Energy
- Vacom Technologies
- Etap- Operation Technology
- Greystone Energy Systems
Highlights of The Power and Energy Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- Manufacturing & Process Industry
- Data Center
- Utilities & Renewables
- Public Infrastructure
- Electric Vehicle Charging Station
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power and Energy Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A power and energy monitoring system (PEMS) is a type of sensor that can be used to measure the power or energy usage of an electrical or mechanical system. PEMS sensors can be used to monitor the performance of equipment, identify problems early, and optimize systems.
Some of the major companies in the power and energy monitoring system market are Schneider Electric, ABB, Eaton, Siemens, General Electric, Emerson, Rockwell Automation, Mitsubishi Electric, Omron, Yokogawa, Littelfuse, Fuji Electric Fa Components & Systems, Fluke Corporation, Samsara, Accuenergy, Veris Industries, Albireo Energy, Vacom Technologies, Etap- Operation Technology, Greystone Energy Systems.
The power and energy monitoring system market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power and Energy Monitoring System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power and Energy Monitoring System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power and Energy Monitoring System Market - Supply Chain
4.5. Global Power and Energy Monitoring System Market Forecast
4.5.1. Power and Energy Monitoring System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power and Energy Monitoring System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power and Energy Monitoring System Market Absolute $ Opportunity
5. Global Power and Energy Monitoring System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Power and Energy Monitoring System Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.3.3. Services
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power and Energy Monitoring System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Power and Energy Monitoring System Market Size and Volume Forecast by Application
6.3.1. Manufacturing & Process Industry
6.3.2. Data Center
6.3.3. Utilities & Renewables
6.3.4. Public Infrastructure
6.3.5. Electric Vehicle Charging Station
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power and Energy Monitoring System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Power and Energy Monitoring System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Power and Energy Monitoring System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Power and Energy Monitoring System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Power and Energy Monitoring System Demand Share Forecast, 2019-2026
9. North America Power and Energy Monitoring System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Power and Energy Monitoring System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Power and Energy Monitoring System Market Size and Volume Forecast by Application
9.4.1. Manufacturing & Process Industry
9.4.2. Data Center
9.4.3. Utilities & Renewables
9.4.4. Public Infrastructure
9.4.5. Electric Vehicle Charging Station
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power and Energy Monitoring System Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.7.3. Services
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Power and Energy Monitoring System Demand Share Forecast, 2019-2026
10. Latin America Power and Energy Monitoring System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Power and Energy Monitoring System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Power and Energy Monitoring System Market Size and Volume Forecast by Application
10.4.1. Manufacturing & Process Industry
10.4.2. Data Center
10.4.3. Utilities & Renewables
10.4.4. Public Infrastructure
10.4.5. Electric Vehicle Charging Station
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power and Energy Monitoring System Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.7.3. Services
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Power and Energy Monitoring System Demand Share Forecast, 2019-2026
11. Europe Power and Energy Monitoring System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Power and Energy Monitoring System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Power and Energy Monitoring System Market Size and Volume Forecast by Application
11.4.1. Manufacturing & Process Industry
11.4.2. Data Center
11.4.3. Utilities & Renewables
11.4.4. Public Infrastructure
11.4.5. Electric Vehicle Charging Station
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power and Energy Monitoring System Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.7.3. Services
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Power and Energy Monitoring System Demand Share, 2019-2026
12. Asia Pacific Power and Energy Monitoring System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Power and Energy Monitoring System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Power and Energy Monitoring System Market Size and Volume Forecast by Application
12.4.1. Manufacturing & Process Industry
12.4.2. Data Center
12.4.3. Utilities & Renewables
12.4.4. Public Infrastructure
12.4.5. Electric Vehicle Charging Station
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power and Energy Monitoring System Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.7.3. Services
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Power and Energy Monitoring System Demand Share, 2019-2026
13. Middle East & Africa Power and Energy Monitoring System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Power and Energy Monitoring System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Power and Energy Monitoring System Market Size and Volume Forecast by Application
13.4.1. Manufacturing & Process Industry
13.4.2. Data Center
13.4.3. Utilities & Renewables
13.4.4. Public Infrastructure
13.4.5. Electric Vehicle Charging Station
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power and Energy Monitoring System Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.7.3. Services
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Power and Energy Monitoring System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power and Energy Monitoring System Market: Market Share Analysis
14.2. Power and Energy Monitoring System Distributors and Customers
14.3. Power and Energy Monitoring System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schneider Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Emerson
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rockwell Automation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Omron
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yokogawa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Littelfuse
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fuji Electric Fa Components & Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fluke Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Samsara
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Accuenergy
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Veris Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Albireo Energy
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Vacom Technologies
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Etap- Operation Technology
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Greystone Energy Systems
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook