Dublin, June 21, 2023 (GLOBE NEWSWIRE) -- 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 Attributes:
| Report Attribute | Details |
| No. of Pages | 617 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3 Billion |
| Forecasted Market Value (USD) by 2030 | $4.5 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- COVID-19 Outbreak to Dent Market Prospects in the Immediate Term
- What the Stock Market Tells About the COVID-19 Impact is Simple: Maintaining Growth in These Unprecedented Times is Challenging
- An Introduction to Power Monitoring Products and Services
- Power Monitoring Products and Services: Current Market Scenario and Outlook
- Recent Market Activity
- Power Monitoring Hardware: Largest & Fastest Growing Category
- Power Monitoring Software Continues to Make Robust Gains
- Sustained Demand for Power Monitoring Services
- While Developed Regions Remain Major Revenue Contributors, Developing Regions Extend High Growth Opportunities
- World Power Monitoring Products & Services Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
- World Power Monitoring Products & Services Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, USA, Middle East, Europe, Canada, Africa, and Japan
- COVID-19 Pandemic Set to Dent Economic Growth Across All Regions
- World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
- Global Purchasing Managers' Index (PMI) Points for the Years 2018 through 2020
- Competitive Scenario: A Fragmented Marketplace
- Power Monitoring - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Energy Efficiency Needs amid Escalating Energy Costs Creates Fertile Environment for Power Monitoring Solutions Market
- Reducing Carbon Emissions - Right Time for Energy Efficiency Solutions
- Global Investments in Energy Efficiency (In US$ 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/oouzqb
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