The report identifies and addresses key markets for power monitoring, which would help suppliers review the growth in the demand for the product. The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
Power Monitoring Market by Component (Hardware, Software, and Services), End-User (Manufacturing & Process Industry, Datacenters, Utilities & Renewables, Public Infrastructure, and Electric Vehicle Charging Stations), and Region - Global Forecast to 2022
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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.
Hardware components in a power monitoring system include physical components, such as metering and communication and measurement devices. Developing economies, such as Asia-Pacific and the Middle East & Africa comprise fast growth markets for this segment.
The hardware segment is poised to grow significantly during the forecast period. This is likely to drive the power monitoring market in the hardware segment.
Power Monitoring Market by type 2017-2021 by new Service spreads across 152 pages profiling 13 companies and supported with 62 tables and 56 figures available at www.rnrmarketresearch.com/contacts…unt?rname=1174393
Major players in the Power Monitoring market include ABB Ltd, Eaton Corporation, Emerson Electric Co, Fluke Corporation, Fuji Electric FA Components & Systems Co., Ltd, General Electric Company, Littelfuse, Inc. Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation
Power Monitoring Market, By Component
Metering and Communication Devices
Power Monitoring Market, By End-User
Manufacturing and Process Industry
Utilites and Renewables
Electric Vehicles Charging Stations
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Power Monitoring Market, By Component
7 Power Monitoring Market, By End User
8 Global Power Monitoring Market, By Region
9 Competitive Landscape
10 Company Profiles
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