Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Power and Energy Monitoring System Market by Type (Hardware, Software, Services), By Application (Manufacturing & Process Industry, Data Center, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Station) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Power and Energy Monitoring System Market by Type (Hardware, Software, Services), By Application (Manufacturing & Process Industry, Data Center, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Station) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 153589 3300 Energy & Power 377 244 Pages 4.5 (33)
                                          

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.


Global Power and Energy Monitoring System Industry Outlook


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:

  1. Schneider Electric
  2. ABB
  3. Eaton
  4. Siemens
  5. General Electric
  6. Emerson
  7. Rockwell Automation
  8. Mitsubishi Electric
  9. Omron
  10. Yokogawa
  11. Littelfuse
  12. Fuji Electric Fa Components & Systems
  13. Fluke Corporation
  14. Samsara
  15. Accuenergy
  16. Veris Industries
  17. Albireo Energy
  18. Vacom Technologies
  19. Etap- Operation Technology
  20. Greystone Energy Systems

Global Power and Energy Monitoring System Market Overview


Highlights of The Power and Energy Monitoring System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Hardware
    2. Software
    3. Services
  1. By Application:

    1. Manufacturing & Process Industry
    2. Data Center
    3. Utilities & Renewables
    4. Public Infrastructure
    5. Electric Vehicle Charging Station
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Power and Energy Monitoring System Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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