Energy & Green Renewable Technology Market News

New report: Power monitoring market with North America is the fastest growing market from 2018 to 2023

Energy Market Research

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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Drivers:

             Developments in water management industry

Restraints:

             The High cost of production

Opportunities:

             Increasing urbanization & industrialization

Challenges:

             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

Government bodies

End-use industries

Regulatory bodies, policymakers and consumers.

By Component

Hardware

Services

Software

By End-User

Datacenters

Utilities and Renewables

Manufacturing

Electric Vehicles Charging Stations

Public Infrastructure

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

Eaton Corporation PLC

ABB Ltd

Fluke Corporation

Emerson Electric Co.

General Electric Company

Mitsubishi Electric Corporation

Schneider Electric SE

Siemens AG

Yokogawa Electric Corporation

Omron Corporation

Littelfuse, Inc

Fuji Electric FA Components & Systems Co., Ltd.

Read Report Overview with Full TOC @ goo.gl/hpMrz4

News From

Genesis Market InsightsGenesis Market Insights
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