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The future of the global power monitoring market looks promising with opportunities in the manufacturing & process industry, datacenter, public infrastructure, utility & renewable, and electric vehicle charging station markets. The global power monitoring market is expected to reach an estimated $6.2 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing demand for efficienct utilization of energy, rising demand for smart power grids technology, and escalating power consumption across world.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
The study includes a forecast for the global power monitoring by component, end use, and region.
Power Monitoring Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Metering & Communication Devices
• Measurement Devices
• Software
• Services
Power Monitoring Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Manufacturing & Process Industry
• Datacenters
• Public Infrastructure
• Utilities & Renewables
• Electric Vehicle Charging Station
Power Monitoring Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Asia Pacific
• The Rest of the World
List of Power Monitoring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power monitoring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power monitoring companies profiled in this report include-
• Schneider Electric
• ABB
• Eaton
• Siemens
• General Electric
• Emerson
• Rockwell Automation
Lucintel forecasts that hardware will remain the largest segment due to its significant usage to collect and measure of power consumption data and minimize carbon emission.
APAC is expected to witness highest growth over the forecast period due to continual population growth and increasing government investment in power infrastructure in the region.
Features of the Global Power Monitoring Market
Market Size Estimates: Power monitoring market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Power monitoring market size by component, end use, and region in terms of value ($B).
Regional Analysis: Power monitoring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, end uses, and regions for the power monitoring market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the power monitoring market size?
Answer: The global power monitoring market is expected to reach an estimated $6.2 billion by 2030.
Q2. What is the growth forecast for power monitoring market?
Answer: The global power monitoring market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the power monitoring market?
Answer: The major drivers for this market are increasing demand for efficienct utilization of energy, rising demand for smart power grids technology, and escalating power consumption across world.
Q4. What are the major segments for power monitoring market?
Answer: The future of the power monitoring market looks promising with opportunities in the manufacturing & process industry, datacenter, public infrastructure, utility & renewable, and electric vehicle charging station markets.
Q5. Who are the key power monitoring market companies?
Answer: Some of the key power monitoring companies are as follows:
• Schneider Electric
• ABB
• Eaton
• Siemens
• General Electric
• Emerson
• Rockwell Automation
Q6. Which power monitoring market segment will be the largest in future?
Answer: Lucintel forecasts that hardware will remain the largest segment due to its significant usage to collect and measure of power consumption data and minimize carbon emission.
Q7. In power monitoring market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to continual population growth and increasing government investment in power infrastructure in the region.
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the power monitoring market by component (hardware, metering & communication devices, measurement devices, software, and services), end use (manufacturing & process industry, datacenters, public infrastructure, utilities & renewables, and electric vehicle charging station), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
For any questions related to Power Monitoring Market, Power Monitoring Market Size, Power Monitoring Market Growth, Power Monitoring Market Analysis, Power Monitoring Market Report, Power Monitoring Market Share, Power Monitoring Market Trends, Power Monitoring Market Forecast, Power Monitoring Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Power Monitoring Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.2. Global Power Monitoring Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Power Monitoring Market by Component
3.3.1: Hardware
3.3.2: Metering & Communication Devices
3.3.3: Measurement Devices
3.3.4: Software
3.3.5: Services
3.4: Global Power Monitoring Market by End Use
3.4.1: Manufacturing & Process Industry
3.4.2: Datacenters
3.4.3: Public Infrastructure
3.4.4: Utilities & Renewables
3.4.5: Electric Vehicle Charging Station
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.2: North American Power Monitoring Market
4.2.1: North American Power Monitoring Market by Component: Hardware, Metering & Communication Devices, Measurement Devices, Software, and Services
4.2.2: North American Power Monitoring Market by End Use: Manufacturing & Process Industry, Datacenters, Public Infrastructure, Utilities & Renewables, and Electric Vehicle Charging Station
4.3: European Power Monitoring Market
4.3.1: European Power Monitoring Market by Component: Hardware, Metering & Communication Devices, Measurement Devices, Software, and Services
4.3.2: European Power Monitoring Market by End Use: Manufacturing & Process Industry, Datacenters, Public Infrastructure, Utilities & Renewables, and Electric Vehicle Charging Station
4.4: APAC Power Monitoring Market
4.4.1: APAC Power Monitoring Market by Component: Hardware, Metering & Communication Devices, Measurement Devices, Software, and Services
4.4.2: APAC Power Monitoring Market by End Use: Manufacturing & Process Industry, Datacenters, Public Infrastructure, Utilities & Renewables, and Electric Vehicle Charging Station
4.5: ROW Power Monitoring Market
4.5.1: ROW Power Monitoring Market by Component: Hardware, Metering & Communication Devices, Measurement Devices, Software, and Services
4.5.2: ROW Power Monitoring Market by End Use: Manufacturing & Process Industry, Datacenters, Public Infrastructure, Utilities & Renewables, and Electric Vehicle Charging Station
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Power Monitoring Market by Component
6.1.2: Growth Opportunities for the Global Power Monitoring Market by End Use
6.1.3: Growth Opportunities for the Global Power Monitoring Market by Region
6.2: Emerging Trends in the Global Power Monitoring Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Power Monitoring Market
7. Company Profiles of Leading Players
7.1: Schneider Electric
7.2: ABB
7.3: Eaton
7.4: Siemens
7.5: General Electric
7.6: Emerson
7.7: Rockwell Automation
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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