Market Overview:
The global power monitoring market is expected to grow from USD 3.02 billion in 2018 to USD 5.06 billion by 2030, at a CAGR of 6.5% from 2018 to 2030. The growth of the global power monitoring market can be attributed to the increasing demand for energy-efficient solutions and the growing need for real-time data analytics across different industries. The hardware segment is expected to hold the largest share of the global power monitoring market in 2018, owing to the increasing demand for smart meters and other hardware devices that help in efficient energy management.
Product Definition:
Power monitoring is the process of tracking and measuring the power usage of a device or system. This information can be used to optimize power consumption, identify potential problems, and track energy usage over time. The importance of power monitoring depends on the specific application. In some cases, it may be necessary to ensure that devices are staying within their power budget; in others, it may be important to track long-term energy use in order to make informed decisions about where best to allocate resources.
Hardware:
Hardware is the part of Power Monitoring System which includes sensors, switches, meters and other electronic devices. Hardware has two aspects such as physical and logical. In physical aspect hardware consists of connectors/sockets, cables and devices like batteries etc., whereas in logical aspect it consists of software & algorithms that interpret data from one or more sensors to provide information required by a user.
Hardware is used for monitoring power consumption in different applications like Data Centers (DC), Electric Vehicles (EV) among others.
Software:
Software is the set of instructions which controls and monitors electrical equipment such as computers, mobile phones, tablets etc. It enables to record and analyze data from different types of electrical devices. In power monitoring market it is used for measuring voltage, current or resistance value with the help of software application installed in a device called Power Monitor (PM) which can be connected to any electronic component via Bluetooth or Wi-Fi connection.
Application Insights:
The manufacturing & process industry accounted for the largest market share in 2017. The growth of this segment is directly proportional to the economic growth and productivity of a country. Countries such as China, India, and Japan are investing significantly in power monitoring solutions for their manufacturing sectors. This will help them improve production efficiency, reduce energy consumption, lower carbon emissions and increase environmental sustainability.
The electric vehicle charging stations segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for electric vehicles across various regions globally.
Regional Analysis:
The APAC region is expected to witness the highest CAGR of XX% during the forecast period, owing to increasing demand for power monitoring solutions from countries such as China and India. The growing number of data centers in these regions is also expected to drive regional growth over the next eight years. Additionally, rising investments in renewable energy infrastructure are projected to fuel market growth across this region.
North America accounted for a significant revenue share in 2017 owing to early adoption of Power Monitoring Solution (PMS). Moreover, presence of major players such as Maxim Integrated Products Inc.; Furman Electric Co., LLC; and Honeywell International Inc.; has led it dominate this regional market space with a substantial share throughout the forecast period.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for energy efficient systems and equipment
- Rapid industrialization and urbanization in developing countries
- Proliferation of smart grids and the Internet of Things (IoT)
- Stringent government regulations for energy conservation
- Growing awareness about the benefits of power monitoring among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Monitoring Market Research Report
By Type
Hardware, Software, Services
By Application
Manufacturing & Process Industry, Datacenters, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Stations
By Companies
ABB Ltd, Eaton Corporation PLC, Emerson Electric Co., Fluke Corporation, Fuji Electric FA Components & Systems, General Electric Company, Littelfuse, Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Power Monitoring Market Report Segments:
The global Power Monitoring 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, Datacenters, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Stations
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:
- ABB Ltd
- Eaton Corporation PLC
- Emerson Electric Co.
- Fluke Corporation
- Fuji Electric FA Components & Systems
- General Electric Company
- Littelfuse, Inc.
- Mitsubishi Electric Corporation
- Omron Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corporation
Highlights of The Power Monitoring 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
- Datacenters
- Utilities & Renewables
- Public Infrastructure
- Electric Vehicle Charging Stations
- 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 Monitoring 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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- Correctly Positioning New Products
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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?
Power monitoring is the process of measuring and recording the power usage of a device or system. This data can be used to identify areas where power consumption is high, and to make changes to system settings that may reduce energy use.
Some of the major companies in the power monitoring market are ABB Ltd, Eaton Corporation PLC, Emerson Electric Co., Fluke Corporation, Fuji Electric FA Components & Systems, General Electric Company, Littelfuse, Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation.
The power monitoring market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Monitoring 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 Monitoring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Monitoring Market - Supply Chain
4.5. Global Power Monitoring Market Forecast
4.5.1. Power Monitoring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Monitoring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Monitoring Market Absolute $ Opportunity
5. Global Power Monitoring 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 Monitoring 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 Monitoring 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 Monitoring Market Size and Volume Forecast by Application
6.3.1. Manufacturing & Process Industry
6.3.2. Datacenters
6.3.3. Utilities & Renewables
6.3.4. Public Infrastructure
6.3.5. Electric Vehicle Charging Stations
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power Monitoring 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 Monitoring 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 Monitoring 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 Monitoring 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 Monitoring Demand Share Forecast, 2019-2026
9. North America Power Monitoring 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 Monitoring 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 Monitoring Market Size and Volume Forecast by Application
9.4.1. Manufacturing & Process Industry
9.4.2. Datacenters
9.4.3. Utilities & Renewables
9.4.4. Public Infrastructure
9.4.5. Electric Vehicle Charging Stations
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Monitoring 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 Monitoring Demand Share Forecast, 2019-2026
10. Latin America Power Monitoring 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 Monitoring 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 Monitoring Market Size and Volume Forecast by Application
10.4.1. Manufacturing & Process Industry
10.4.2. Datacenters
10.4.3. Utilities & Renewables
10.4.4. Public Infrastructure
10.4.5. Electric Vehicle Charging Stations
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Monitoring 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 Monitoring Demand Share Forecast, 2019-2026
11. Europe Power Monitoring 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 Monitoring 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 Monitoring Market Size and Volume Forecast by Application
11.4.1. Manufacturing & Process Industry
11.4.2. Datacenters
11.4.3. Utilities & Renewables
11.4.4. Public Infrastructure
11.4.5. Electric Vehicle Charging Stations
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Monitoring 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 Prjections 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 Monitoring Demand Share, 2019-2026
12. Asia Pacific Power Monitoring 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 Monitoring 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 Monitoring Market Size and Volume Forecast by Application
12.4.1. Manufacturing & Process Industry
12.4.2. Datacenters
12.4.3. Utilities & Renewables
12.4.4. Public Infrastructure
12.4.5. Electric Vehicle Charging Stations
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Monitoring 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 Monitoring Demand Share, 2019-2026
13. Middle East & Africa Power Monitoring 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 Monitoring 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 Monitoring Market Size and Volume Forecast by Application
13.4.1. Manufacturing & Process Industry
13.4.2. Datacenters
13.4.3. Utilities & Renewables
13.4.4. Public Infrastructure
13.4.5. Electric Vehicle Charging Stations
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Monitoring 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 Monitoring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Monitoring Market: Market Share Analysis
14.2. Power Monitoring Distributors and Customers
14.3. Power Monitoring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton Corporation PLC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Emerson Electric Co.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fluke Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fuji Electric FA Components & Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Littelfuse, Inc.
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 Corporation
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 Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Rockwell Automation, Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schneider Electric SE
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Siemens AG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yokogawa Electric 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. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
