Power Monitoring Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as datacenter, electric vehicle charging stations, utilities & renewables, manufacturing & process industry, & public infrastructure during the forecast period. A power monitoring system can simplify calculations and accurate cost structure providing clear data. It is a network of meters connected to the Internet to provide real-time information on the power system. The process was very involved and technical and typically used by large manufacturers to control and monitor their power. The advantage of this technology is the increasing broadband connectivity and the ability to utilize this technology in regular businesses.

Segment Analysis

The power monitoring market has been segmented on the basis of component into software, hardware, and services. Hardware is the largest segment. The hardware component is a power monitoring system that includes physical components, metering and communication, and measurements devices.

Key Factors Impacting Market Growth:

• It is used in energy saving activities
• Centralized measurement of power consumption

Regional Outlook:

The regional outlook for power monitoring market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for power monitoring market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of power monitoring market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for power monitoring market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: ABB Ltd, Fluke Corporation, Yokogawa Electric Corporation, Eaton Corporation PLC, Omron Corporation, Schneider Electric SE, and General Electric Company…

Market Segmentation:

By Component:

• Software
• Hardware
• Services

By End-User:

• Datacenter
• Electric Vehicle Charging Stations
• Utilities & Renewables
• Manufacturing & Process Industry
• Public Infrastructure

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Component
  • By End-User
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Component
  • By End-User
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Component
  • By End-User
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Component
  • By End-User
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Component
  • By End-User
• Rest of the World
  • By Region (South America, Africa)
  • By Component
  • By End-User

Reasons To Buy This Report:

• Market size estimation of the power monitoring market on regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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