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Power monitoring market to reach $4.57 billion by 2022

The global power monitoring market is expecting USD 4.57 billion by 2022, global power monitoring market growing at a CAGR of 5.76%, from 2017 to 2022.

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Power Monitoring Market is including methodology, Increase Focus on Efficient Utilization of Power Resources, High Cost of High-End Monitoring Devices, Maximizing the Reliability of Electrical Infrastructure

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The global power monitoring in North America is currently the largest for power monitoring, followed by the markets in Europe and Asia-Pacific. The market in North America is driven by ageing T&D infrastructure, increasing demand for reliable power supply, and smart grid investments.

The growth of IT hubs and other commercial sectors in the region has further emphasized the requirement for quality power and higher energy efficiency, thereby driving the power monitoring market in the region.

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The U.S. is estimated to be the largest power monitoring market in the North American region in 2017.

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In this power monitoring market, the report has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Power monitoring market to enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the power monitoring market. 

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 

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Leading players in the power monitoring market include Schneider Electric SE (France), Eaton Corporation plc (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.). 

Fundamental Key Point from Table of Content 

Power Monitoring Market, By Component
Introduction
Hardware
Metering and Communication Devices
Measurement Devices
Software
Services 

Power Monitoring Market, By End-User
Introduction
Manufacturing and Process Industry
Datacenters
Utilites and Renewables
Public Infrastructure
Electric Vehicles Charging Stations 

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