Power Monitoring Global Market is Projected to Reach $4.5 Billion by 2030: Focus on Improving the Electrical Infrastructure Reliability Builds Momentum

DUBLIN, June 20, 2023 /PRNewswire/ -- The "Power Monitoring: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Power Monitoring estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030.

Hardware, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$2.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $920.8 Million, While China is Forecast to Grow at 7.2% CAGR

The Power Monitoring market in the U.S. is estimated at US$920.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$536.1 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$387.6 Million by the year 2030.

Select Competitors (Total 66 Featured) 

• ABB Ltd.
• Accuenergy Ltd.
• Albireo Energy, LLC
• Eaton Corporation Inc.
• Emerson Electric Company
• Fluke Corporation
• Fuji Electric FA Components & Systems Co., Ltd.
• GE Grid Solutions
• Greystone Energy Systems Inc.
• Littelfuse, Inc.
• Mitsubishi Electric Corporation
• Omron Corporation
• Rockwell Automation, Inc.
• Samsara Networks, Inc.
• Schneider Electric SE
• Siemens AG
• VaCom Technologies
• Veris Industries
• Yokogawa Electric Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• COVID-19 Outbreak to Dent Market Prospects in the Immediate Term
• What the Stock Market Tells About the COVID-19 Impact is Simple: Maintaining Growth in These Unprecedented Times is Challenging
• An Introduction to Power Monitoring Products and Services
• Power Monitoring Products and Services: Current Market Scenario and Outlook
• Recent Market Activity
• Power Monitoring Hardware: Largest & Fastest Growing Category
• Power Monitoring Software Continues to Make Robust Gains
• Sustained Demand for Power Monitoring Services
• While Developed Regions Remain Major Revenue Contributors, Developing Regions Extend High Growth Opportunities
• World Power Monitoring Products & Services Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
• World Power Monitoring Products & Services Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, USA, Middle East, Europe, Canada, Africa, and Japan
• COVID-19 Pandemic Set to Dent Economic Growth Across All Regions
• World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
• Global Purchasing Managers' Index (PMI) Points for the Years 2018 through 2020
• Competitive Scenario: A Fragmented Marketplace
• Power Monitoring - 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

• Growing Energy Efficiency Needs amid Escalating Energy Costs Creates Fertile Environment for Power Monitoring Solutions Market
• Reducing Carbon Emissions - Right Time for Energy Efficiency Solutions
• Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2018 by Industry
• The World is Wasting More Energy than It Uses Even as Global Leaders Strategize to Reduce Carbon Emissions & Climate Change. The Time is Now Right for Energy Efficiency Solutions
• Energy Use Efficiency & Wastages in the U.S. (In Quadrillion British Thermal Units)
• Emphasis on Curbing Carbon Emissions Accelerates Deployments
• Price of Carbon Emission in US$ per Metric Ton of CO2-Equivalent by Select Countries: 2019
• Percentage Share of Carbon Dioxide Emissions Worldwide by Price: 2019
• Focus on Improving the Electrical Infrastructure Reliability Builds Market Momentum
• Manufacturing & Process Industry: Major Consumer
• Top 10 Countries in Terms of Manufacturing Output: 2018
• Industry 4.0 to Steer Next Wave of Growth
• Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2019, 2021, and 2023
• Sustained Opportunities in Utilities & Renewable Energy Sectors
• Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
• Electricity Consumption in Trillion kWh by Region for the Years 2010, 2012, 2014, 2016 and 2018
• China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
• Rising Investments on Smart Grids Accelerates Market Adoption
• Global Spending on Smart Grid Infrastructure (in US$ Billion) for the Years 2019, 2021, and 2023
• Novel Opportunities Identified in Renewables Sector
• Developments in Smart Water Management Industry Augur Well
• Global Spending on Smart Water Management Solutions (in US$ Billion) for the Years 2019, 2021, and 2023
• Power Monitoring Systems Come to the Fore to Resolve Critical Power Needs of Data Centers
• Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
• Data Center New Floor Space Capacity Additions (in '000 Sq. Ft.) Worldwide for the Years 2013, 2015, 2017, and 2019
• Electric Vehicle Charging Stations: New Growth Vertical
• Number of Public Charging Stations Worldwide for the Years 2015 through 2019
• IoT & M2M Communication Summon Broad-based Modifications in Power Monitoring Technology
• Academia Embraces Power Monitoring Technology to Push Energy Efficiency

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/64wsag

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