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Power Monitoring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Nov 01, 2024
Length 190 Pages
SKU # FOB19326545

Description

Power Monitoring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Power Monitoring System Market

The power monitoring system market size was valued at USD 4.52 billion in 2023, and the market is now projected to grow from USD 4.76 billion in 2024 to USD 7.64 billion by 2032, exhibiting a CAGR of 6.08% during the forecast period of 2024-2032.

The COVID-19 outbreak affected more than 200 countries posing a threat to almost all sectors ranging from railways, construction, manufacturing and aviation. The closure of businesses and restriction of movement slowed the economy and disrupted the procurement process. Most affected business entities included large and medium-scale industries that temporarily scaled down their operations. The closure of schools and colleges also reduced global power consumption, impacting the demand for power monitoring system market growth.

The growing adoption of renewable energy, especially solar, drives demand for power monitoring system market share to optimize energy delivery and minimize losses. These systems support real-time data for efficient market trading, grid management and secure supply planning. Integrating PV power monitoring strengthens grid reliability and sustainability. The government and business activities related to this application are also estimated to drive the market in the future years.

Also, the increase in electricity demand, which involves the key pillars of economic development, technological progress and the growing urbanization process defines the need for power generation. Infrastructural development is experiencing an upward trend in developing countries and the world's industrialization is increasing electricity demand. As countries increase power generation capacity, power monitoring systems are essential for efficient operation. The growth of renewable energy installations further boosts demand for these systems.

Comprehensive Analysis of Power Monitoring System Market

The power monitoring system market and power & energy industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the power & energy industry. These segmentations are methodically segregated by component and by application. The component includes, Hardware, Software and Services. The application includes, Utilities & Renewables, Manufacturing & Process Industry, Datacenters, Public Infrastructure and Others.

Asia Pacific is set to lead the global market driven by surging electricity demand from population growth, urbanization and industrialization. Rising investments in power generation and expanding renewable energy capacity fuel sector growth. Governments are increasing electricity output, boosting demand for power monitoring systems across conventional and renewable energy plants.

The top players in the market play a crucial role in the power & energy industry assuring industrial prospectus growth and setting market standards. These players include, ABB (Switzerland), General Electric (U.S.), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), Emerson (U.S.), Rockwell Automation (U.S.), Mitsubishi Electric (Japan), Omron (Japan), Yokogawa (Japan), Fuji Electric FA Components & Systems (Japan) and Fluke Corporation (U.S.). These market players provide a level-playing competitive landscape.

In January 2024, Starline, a sub-brand of Legrand, introduced its third generation of Critical Power Monitor products, namely the M70 CPM. First launched in 2014, Starline Critical Power Monitor acts as the busway power monitoring processes of the major providers of data centers globally.

Segmentation Table

Global Power Monitoring System Market Scope

Study Period

2019-2032

Base Year

2023

Forecast Period

2024-2032

Growth Rate

CAGR of 6.08% from 2024-2032

Historical Period

2019-2022

Unit

Value (USD Billion)

Segmentation

By Component, Application, and Region

By Component

Hardware

Software

Services

By Application

Utilities & Renewable

Manufacturing & Process Industry

Datacenters

Public Infrastructure

Others

By Region

North America (By Component, By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
Europe (By Component, By Application, By Country)
  • U.K. (By Application)
  • France (By Application)
  • Spain (By Application)
  • Germany(By Application)
  • Italy (By Application)
  • Rest of Europe (By Application)
Asia Pacific (By Component, By Application, By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific (By Application)
Latin America (By Component, By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
Middle East and Africa (By Component, By Application, By Country)
  • GCC (By Application)
  • Saudi Africa (By Application)
Rest of Middle East & Africa (By Application)Please Note: It will take 5-6 business days to complete the report upon order confirmation.

Table of Contents

190 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Porter’s Five Forces Analysis
4.5. Impact of COVID-19 on the Power Monitoring System Market
5. Global Power Monitoring System Market Analysis (USD Billion), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Component
5.2.1. Hardware
5.2.2. Software
5.2.3. Services
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Utilities & Renewable
5.3.2. Manufacturing & Process Industry
5.3.3. Datacenter
5.3.4. Public Infrastructure
5.3.5. Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Power Monitoring System Market Analysis (USD Billion), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Component
6.2.1. Hardware
6.2.2. Software
6.2.3. Services
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Utilities & Renewable
6.3.2. Manufacturing & Process Industry
6.3.3. Datacenter
6.3.4. Public Infrastructure
6.3.5. Others
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S. Market Analysis, Insights and Forecast – By Application
6.4.1.1. Utilities & Renewable
6.4.1.2. Manufacturing & Process Industry
6.4.1.3. Datacenter
6.4.1.4. Public Infrastructure
6.4.1.5. Others
6.4.2. Canada Market Analysis, Insights and Forecast – By Application
6.4.2.1. Utilities & Renewable
6.4.2.2. Manufacturing & Process Industry
6.4.2.3. Datacenter
6.4.2.4. Public Infrastructure
6.4.2.5. Others
7. Europe Power Monitoring System Market Analysis (USD Billion), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Component
7.2.1. Hardware
7.2.2. Software
7.2.3. Services
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Utilities & Renewable
7.3.2. Manufacturing & Process Industry
7.3.3. Datacenter
7.3.4. Public Infrastructure
7.3.5. Others
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. U.K Market Analysis, Insights and Forecast – By Application
7.4.1.1. Utilities & Renewable
7.4.1.2. Manufacturing & Process Industry
7.4.1.3. Datacenter
7.4.1.4. Public Infrastructure
7.4.1.5. Others
7.4.2. Germany Market Analysis, Insights and Forecast – By Application
7.4.2.1. Utilities & Renewable
7.4.2.2. Manufacturing & Process Industry
7.4.2.3. Datacenter
7.4.2.4. Public Infrastructure
7.4.2.5. Others
7.4.3. France Market Analysis, Insights and Forecast – By Application
7.4.3.1. Utilities & Renewable
7.4.3.2. Manufacturing & Process Industry
7.4.3.3. Datacenter
7.4.3.4. Public Infrastructure
7.4.3.5. Others
7.4.4. Spain Market Analysis, Insights and Forecast – By Application
7.4.4.1. Utilities & Renewable
7.4.4.2. Manufacturing & Process Industry
7.4.4.3. Datacenter
7.4.4.4. Public Infrastructure
7.4.4.5. Others
7.4.5. Italy Market Analysis, Insights and Forecast – By Application
7.4.5.1. Utilities & Renewable
7.4.5.2. Manufacturing & Process Industry
7.4.5.3. Datacenter
7.4.5.4. Public Infrastructure
7.4.5.5. Others
7.4.6. Rest of Europe Market Analysis, Insights and Forecast – By Application
7.4.6.1. Utilities & Renewable
7.4.6.2. Manufacturing & Process Industry
7.4.6.3. Datacenter
7.4.6.4. Public Infrastructure
7.4.6.5. Others
8. Asia Pacific Power Monitoring System Market Analysis (USD Billion), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Component
8.2.1. Hardware
8.2.2. Software
8.2.3. Services
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Utilities & Renewable
8.3.2. Manufacturing & Process Industry
8.3.3. Datacenter
8.3.4. Public Infrastructure
8.3.5. Others
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China Market Analysis, Insights and Forecast – By Application
8.4.1.1. Utilities & Renewable
8.4.1.2. Manufacturing & Process Industry
8.4.1.3. Datacenter
8.4.1.4. Public Infrastructure
8.4.1.5. Others
8.4.2. India Market Analysis, Insights and Forecast – By Application
8.4.2.1. Utilities & Renewable
8.4.2.2. Manufacturing & Process Industry
8.4.2.3. Datacenter
8.4.2.4. Public Infrastructure
8.4.2.5. Others
8.4.3. Japan Market Analysis, Insights and Forecast – By Application
8.4.3.1. Utilities & Renewable
8.4.3.2. Manufacturing & Process Industry
8.4.3.3. Datacenter
8.4.3.4. Public Infrastructure
8.4.3.5. Others
8.4.4. Southeast Asia Market Analysis, Insights and Forecast – By Application
8.4.4.1. Utilities & Renewable
8.4.4.2. Manufacturing & Process Industry
8.4.4.3. Datacenter
8.4.4.4. Public Infrastructure
8.4.4.5. Others
8.4.5. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Application
8.4.5.1. Utilities & Renewable
8.4.5.2. Manufacturing & Process Industry
8.4.5.3. Datacenter
8.4.5.4. Public Infrastructure
8.4.5.5. Others
9. Latin America Power Monitoring System Market Analysis (USD Billion), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Component
9.2.1. Hardware
9.2.2. Software
9.2.3. Services
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Utilities & Renewable
9.3.2. Manufacturing & Process Industry
9.3.3. Datacenter
9.3.4. Public Infrastructure
9.3.5. Others
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil Market Analysis, Insights and Forecast – By Application
9.4.1.1. Utilities & Renewable
9.4.1.2. Manufacturing & Process Industry
9.4.1.3. Datacenter
9.4.1.4. Public Infrastructure
9.4.1.5. Others
9.4.2. Mexico Market Analysis, Insights and Forecast – By Application
9.4.2.1. Utilities & Renewable
9.4.2.2. Manufacturing & Process Industry
9.4.2.3. Datacenter
9.4.2.4. Public Infrastructure
9.4.2.5. Others
9.4.3. Rest of Latin America Market Analysis, Insights and Forecast – By Application
9.4.3.1. Utilities & Renewable
9.4.3.2. Manufacturing & Process Industry
9.4.3.3. Datacenter
9.4.3.4. Public Infrastructure
9.4.3.5. Others
10. Middle East & Africa Power Monitoring System Market Analysis (USD Billion), Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Component
10.2.1. Hardware
10.2.2. Software
10.2.3. Services
10.3. Market Analysis, Insights and Forecast – By Application
10.3.1. Utilities & Renewable
10.3.2. Manufacturing & Process Industry
10.3.3. Datacenter
10.3.4. Public Infrastructure
10.3.5. Others
10.4. Market Analysis, Insights and Forecast – By Country
10.4.1. GCC Market Analysis, Insights and Forecast – By Application
10.4.1.1. Utilities & Renewable
10.4.1.2. Manufacturing & Process Industry
10.4.1.3. Datacenter
10.4.1.4. Public Infrastructure
10.4.1.5. Others
10.4.2. South Africa Market Analysis, Insights and Forecast – By Application
10.4.2.1. Utilities & Renewable
10.4.2.2. Manufacturing & Process Industry
10.4.2.3. Datacenter
10.4.2.4. Public Infrastructure
10.4.2.5. Others
10.4.3. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Application
10.4.3.1. Utilities & Renewable
10.4.3.2. Manufacturing & Process Industry
10.4.3.3. Datacenter
10.4.3.4. Public Infrastructure
10.4.3.5. Others
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. Eaton
11.2.1.1. Business Overview
11.2.1.2. Product & Service Offering
11.2.1.3. Overall Revenue
11.2.1.4. Recent Development
11.2.2. ABB
11.2.2.1. Business Overview
11.2.2.2. Product & Service Offering
11.2.2.3. Overall Revenue
11.2.2.4. Recent Development
11.2.3. Siemens AG
11.2.3.1. Business Overview
11.2.3.2. Product & Service Offering
11.2.3.3. Overall Revenue
11.2.3.4. Recent Development
11.2.4. Schneider Electric
11.2.4.1. Business Overview
11.2.4.2. Product & Service Offering
11.2.4.3. Overall Revenue
11.2.4.4. Recent Development
11.2.5. Mitsubishi Electric Corporation
11.2.5.1. Business Overview
11.2.5.2. Product & Service Offering
11.2.5.3. Overall Revenue
11.2.5.4. Recent Development
11.2.6. General Electric
11.2.6.1. Business Overview
11.2.6.2. Product & Service Offering
11.2.6.3. Overall Revenue
11.2.6.4. Recent Development
11.2.7. Emerson
11.2.7.1. Business Overview
11.2.7.2. Product & Service Offering
11.2.7.3. Overall Revenue
11.2.7.4. Recent Development
11.2.8. Rockwell Automation
11.2.8.1. Business Overview
11.2.8.2. Product & Service Offering
11.2.8.3. Overall Revenue
11.2.8.4. Recent Development
11.2.9. Omron
11.2.9.1. Business Overview
11.2.9.2. Product & Service Offering
11.2.9.3. Overall Revenue
11.2.9.4. Recent Development
11.2.10. Yokogawa
11.2.10.1. Business Overview
11.2.10.2. Product & Service Offering
11.2.10.3. Overall Revenue
11.2.10.4. Recent Development
11.2.11. Fluke Corporation
11.2.11.1. Business Overview
11.2.11.2. Product & Service Offering
11.2.11.3. Overall Revenue
11.2.11.4. Recent Development
11.2.12. Fuji Electric FA Components & Systems
11.2.12.1. Business Overview
11.2.12.2. Product & Service Offering
11.2.12.3. Overall Revenue
11.2.12.4. Recent Development

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