The professional market report To provide detailed information regarding the major factors influencing the growth of the power monitoring market (drivers, restraints, opportunities, and industry-specific challenges) To strategically analyze the power monitoring market with respect to individual growth trends, future prospects, and contribution of each segment to the market
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The power monitoring market is projected to grow at a CAGR of 5.76%,from 2017 to 2022
The Power Monitoring Market is projected to reach USD 4.57 billion by 2022, at a CAGR of 5.76%, from 2017 to 2022.
The increasing focus on efficient utilization of power resources and increasing attention to reduce energy costs have boosted the demand for power monitoring systems. In addition, maximizing the reliability of electrical infrastructure would further aid the growth of this market.
The high cost of high-end power monitoring systems would act as a restraint for the growth of the power monitoring market.
The hardware segment is expected to dominate the power monitoring market from 2017 to 2022
The hardware market is estimated to be the largest market of the component segment in 2017.
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Major drivers of the hardware segment include increasing number of smart grid deployment projects and increasing smart grid investments globally. Hardware components in a power monitoring system include physical components, such as metering and communication and measurement devices.
*Top 13+ Companies Analyzed for This Studies are- The major players in the power monitoring market are Schneider Electric SE (France), Eaton Corporation plc (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.), among others.
The report’s target audience includes:
- Power monitoring system manufacturers and suppliers
- Standard and smart meter manufacturers and suppliers
- Power monitoring software providers
- Communication network providers
- Consulting companies in the power sector
- Manufacturing and process industries
- Public and private utilities
- Government and power research organizations
Key Point from Table of Content
6 Power Monitoring Market, By Component
6.2.1 Metering and Communication Devices
6.2.2 Measurement Devices
7 Power Monitoring Market, By End-User
7.2 Manufacturing and Process Industry
7.4 Utilites and Renewables
8 Quality Monitoring Software Market, By Region
8.2 North America
8.2.1 By Application
8.2.2 By End-User
8.2.3 By Country
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