Global Power Management Systems Strategic Business Report 2023: Rising Adoption of Industrial IoT & M2M Technologies Augurs Well

DUBLIN, July 6, 2023 /PRNewswire/ -- The "Power Management Systems: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Power Management Systems estimated at US$4 Billion in the year 2022, is projected to reach a revised size of US$6.8 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030.

Software, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$2.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 7.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $836.7 Million, While China is Forecast to Grow at 9.1% CAGR

The Power Management Systems market in the U.S. is estimated at US$836.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 6.1% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2030.

Select Competitors (Total 152 Featured) -

• ABB Ltd.
• Brush Group
• Eaton Corporation Inc.
• Emerson Electric Company
• ETAP/Operation Technology, Inc.
• General Electric Company
• Honeywell International Inc.
• Larsen & Toubro Limited
• Mitsubishi Electric Corporation
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• Wartsila Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
• Progress on Vaccinations: Why Should Businesses Care?
• With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
• A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
• Industrial Activity Remain Subdued in 2020
• Global PMI Index Points for the Years 2018, 2019 & 2020
• Pandemic's Effect on the Power Management Systems Market
• An Introduction to Power Management System (PMS)
• Power Management Systems: Current Market Scenario and Outlook
• Growth Drivers
• While Developing Regions Steer Overall Growth in the PMS Market, Contribution of Developed Regions Remains Relevant
• World Power Management Systems Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
• World Power Management Systems Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, USA, Canada, Africa, Europe, and Japan
• PMS Software: Dominant Product Segment
• Cloud Versions Instigate New Demand for PMS Software
• PMS Services Remains a Major Market Segment
• Power Monitoring & Control: Core PMS Module
• Critical Importance of Load Shedding & Management Amplifies Demand
• COMPETITIVE SCENARIO
• PMS: A Fragmented Marketplace
• Recent Market Activity
• Select Innovations
• Select Global Brands
• Power Management Systems - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Select Trends Relevant to the Power Management System Industry
• Power Efficiency and Management Offer Several Benefits
• Sustained Emphasis on Industrial Automation Creates Fertile Environment for Growth and Progress of PMS Market
• Industry 4.0 to Steer Next Wave of Growth
• Rising Adoption of Industrial IoT & M2M Technologies Augurs Well
• Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
• Growing Energy Efficiency Needs Amid Escalating Energy Costs Favor PMS Market Expansion
• Emphasis on Curbing Carbon Emissions Accelerates PMS Deployments
• After Getting Hit the Hardest, the Clean Energy Segment Bound to Rebound
• Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
• Marine Sector: Major Consumer of PMS
• Steady Growth in Seaborne Trade Volumes and Parallel Increase in Number of Marine Freight Carriers Enhance Marine PMS Demand
• World Fleet in Millions of Dead-Weight Tons by Principal Vessel Type: 2017 & 2018
• Percentage Share Breakdown of World Fleet in Dead-Weight Tonnage by Principal Vessel Type: 2000, 2010 & 2018
• Number of Vessels (National Flag & Foreign or International Flag) by Select Countries: 2018
• Global Merchant Fleet by Flag of Registration for the Years 2011 through 2018
• Global Seaborne Trade Statistics
• World Seaborne Trade: Total Volume of Goods Loaded in Billion Tons for the Years 2010 through 2018
• Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
• Seaborne Trade of Developing Economies: Percentage of World Tonnage by Goods Loaded and Goods Unloaded for the Years 2010, 2012, 2014, 2016 and 2018
• Shipbuilding Activity Widens Opportunities for Marine PMS
• New Orders for Standard Vessels Market Worldwide in Deadweight tonnage (DWT) by for the Years 2010, 2012, 2014, 2016 2018, and 2020E
• World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
• Naval Ships, a Dominant Application Segment: Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
• Healthy Defense Spending to Amplify the Need for Naval PMS: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
• Steady Growth Projected for PMS in Oil & Gas Sector
• Global Prices of Brent Crude (In US$ Per Barrel) for the Years 2012 through 2021
• With Growth Skewed Towards Alternative Liquid Fuels, Oil Refineries Face a High Risk Exposure as the Oil Shake Up Marks the Transition Towards a Low Carbon Economy: Global Liquid Fuel Cumulative Demand Growth (In '000 Barrels per Day) by Type for the Years 2018, 2021 & 2023
• Increase in E&P Spending and Volatility Continue to Shape Strategy for Sustained Demand of Power Management Systems
• Global Oil & Gas E&P Industry Spending (2015-2021E)
• Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
• Sophisticated PMS Gain Traction in Metals and Mining Applications
• World Metals & Mining Industry by Material Category: A Snapshot
• Leading Mining Nations in the World (2022E): Percentage Breakdown of Volume Production for Australia, China, Russia, USA, and Others
• Established Role of Power Management in Data Centers Builds Market Momentum
• Global Datacenter IP Traffic (In Petabytes Per Month) for Years 2017 Through 2022
• EXHIBIT Global Data Center Market (2013, 2015, 2017, 2019, and 2022): New Floor Space Capacity Additions in Thousand Square Feet
• Bandwidth Continues to Explode Even in a Simple Smart Home: Application Requirements of Smart Home/Consumer Apps (In Mbps) by 2023
• Beyond COVID-19 Lies a New Normal With New Opportunities for Datacenters
• Demand for Datacenters Surge as Remote Working Becomes the New Normal
• Technologically Advanced Applications in Power Management
• Smart Integrated Power Management Solutions
• Power Management System in Smart Homes
• Innovations in Power Management ICs
• Power Management Tools from ENERSYS
• BAE Systems' Power Management Solutions for Air Taxis
• TAE Technologies Inventive Power Management Strategy Transforms Electric Vehicle Management
• Review of Generator Sets for Healthcare Settings - A Case in Point

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/r7ck9h

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