Power Monitoring Market By Component (Hardware, Services, Software), By End-User (Datacenters, Utilities and Renewables, Manufacturing, Public Infrastructure).
GLOBAL POWER MONITORING MARKET was valued at USD 3.34 Billion for the year 2017. Power Monitoring Market is further expected to grow at a CAGR of 5.98% from 2018 to reach USD 4.73 Billion by the year 2023.
North America region holds the highest market share in 2017. While Asia-Pacific region is considered as the fastest growing market in the forecasted period.
The U.S. is the major market in 2017 at country level and China is further anticipated to grow at a steady pace in the next 5 years.
Schneider Electric SE (France), Eaton Corporation plc (Ireland), Siemens AG (Germany), Emerson Electric Co. (U.S.) are some of the top players in the Power Monitoring Market with Emerson Electric Co.
holding a substantial market share in 2017. Better global reach at an operational level is the main reason for holding this market share.
Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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Developments in water management industry
The High cost of production
Increasing urbanization & industrialization
Synchronizing with existing components
The segmentation is done on the basis of end-user include Datacenters, Utilities, and Renewables, Manufacturing, Electric Vehicles Charging Stations, Public Infrastructure of which the Manufacturing segment is expected to hold the highest market share during the forecast period.
The Datacenters segment is expected to grow at the highest CAGR during the forecasted period.
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Key Benefits for Stakeholders
Power Monitoring System Manufacturers
Research and Consulting organization
Regulatory bodies, policymakers and consumers.
Utilities and Renewables
Electric Vehicles Charging Stations
Key Market Players
Eaton Corporation PLC
Emerson Electric Co.
General Electric Company
Mitsubishi Electric Corporation
Schneider Electric SE
Yokogawa Electric Corporation
Fuji Electric FA Components & Systems Co., Ltd.
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