Global Power Monitoring System Market Size study, by Component (Hardware, Software, Services), by Application (Utilities & Renewable, Manufacturing & Process Industry, Datacenters, Public Infrastructure, Others) and Regional Forecasts 2022-2032

Description

List of Tables

Global Power Monitoring System Market is valued at approximately USD 4.53 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.08% over the forecast period 2024-2032. Power Monitoring System (PMS) is a system designed to monitor, analyze, and manage electrical power in various environments, such as industrial plants, commercial buildings, data centers, and utility substations. It involves the use of hardware and software components to gather data about electrical parameters, such as voltage, current, power factor, energy consumption, and frequency. Also, the key trend of Power Monitoring System Market is the integration of PMS with Internet of Things (IoT) technology and smart grid infrastructure allows for real-time monitoring, control, and optimization of power systems. This trend enables enhanced visibility and management of energy usage, leading to improved efficiency and cost savings.

Moreover, industries are increasingly adopting automation technologies to improve productivity and reduce operational costs. Power monitoring systems play a crucial role in industrial automation by providing real-time data on energy consumption, equipment performance, and power quality, enabling better decision-making and predictive maintenance. Additionally, other factors that support the market growth are the rising adoption of renewable energy sources, increasing demand for energy efficiency, growing awareness of energy management, and increasing focus on grid modernization. However, the high cost of devices is expected to hinder the growth of Power Monitoring System market during the forecast period 2024-2032.

The key regions considered for the global Power Monitoring System market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market. Increasing awareness among consumers and businesses about the importance of energy conservation and cost reduction drives the adoption of power monitoring systems. These systems provide real-time data and analytics to optimize energy consumption and reduce operational costs. Also, the aging power infrastructure in North America necessitates the replacement and modernization of existing monitoring systems with more advanced solutions. This includes the deployment of smart meters, sensors, and other monitoring devices to enhance grid reliability and resilience. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market player included in this report are:

ABB Ltd. (Switzerland)
General Electric Company (U.S.)
Schneider Electric SE (France)
Siemens AG (Germany)
Emerson Electric Co. (U.S.)
Rockwell Automation Inc. (U.S.)
Mitsubishi Electric Corporation (Japan)
Omron Corporation (Japan)
Yokogawa Electric Corporation (Japan)
Fuji Electric Co., Ltd. (Japan)

The detailed segments and sub-segment of the market are explained below:

By Component

Hardware
Software
Services

By Application

Utilities & Renewable
Manufacturing & Process Industry
Datacenters
Public Infrastructure
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Power Monitoring System Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Power Monitoring System Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Component
- 2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Power Monitoring System Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Power Monitoring System Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Power Monitoring System Market Size & Forecasts by Component 2022-2032

5.1. Hardware
5.2. Software
5.3. Services

Chapter 6. Global Power Monitoring System Market Size & Forecasts by Application 2022-2032

6.1. Utilities & Renewable
6.2. Manufacturing & Process Industry
6.3. Datacenters
6.4. Public Infrastructure
6.5. Others

Chapter 7. Global Power Monitoring System Market Size & Forecasts by Region 2022-2032

7.1. North America Power Monitoring System Market
- 7.1.1. U.S. Power Monitoring System Market
  - 7.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Power Monitoring System Market
7.2. Europe Power Monitoring System Market
- 7.2.1. U.K. Power Monitoring System Market
- 7.2.2. Germany Power Monitoring System Market
- 7.2.3. France Power Monitoring System Market
- 7.2.4. Spain Power Monitoring System Market
- 7.2.5. Italy Power Monitoring System Market
- 7.2.6. Rest of Europe Power Monitoring System Market
7.3. Asia-Pacific Power Monitoring System Market
- 7.3.1. China Power Monitoring System Market
- 7.3.2. India Power Monitoring System Market
- 7.3.3. Japan Power Monitoring System Market
- 7.3.4. Australia Power Monitoring System Market
- 7.3.5. South Korea Power Monitoring System Market
- 7.3.6. Rest of Asia Pacific Power Monitoring System Market
7.4. Latin America Power Monitoring System Market
- 7.4.1. Brazil Power Monitoring System Market
- 7.4.2. Mexico Power Monitoring System Market
- 7.4.3. Rest of Latin America Power Monitoring System Market
7.5. Middle East & Africa Power Monitoring System Market
- 7.5.1. Saudi Arabia Power Monitoring System Market
- 7.5.2. South Africa Power Monitoring System Market
- 7.5.3. Rest of Middle East & Africa Power Monitoring System Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. ABB Ltd. (Switzerland)
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. General Electric Company (U.S.)
- 8.3.3. Schneider Electric SE (France)
- 8.3.4. Siemens AG (Germany)
- 8.3.5. Emerson Electric Co. (U.S.)
- 8.3.6. Rockwell Automation Inc. (U.S.)
- 8.3.7. Mitsubishi Electric Corporation (Japan)
- 8.3.8. Omron Corporation (Japan)
- 8.3.9. Yokogawa Electric Corporation (Japan)
- 8.3.10. Fuji Electric Co., Ltd. (Japan)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Power Monitoring System market, report scope
TABLE 2. Global Power Monitoring System market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Power Monitoring System market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 4. Global Power Monitoring System market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Power Monitoring System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Power Monitoring System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Power Monitoring System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Power Monitoring System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Power Monitoring System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. UK Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. UK Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Germany Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Germany Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. France Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. France Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. Italy Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. Italy Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Spain Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Spain Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoE Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. RoE Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. China Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. China Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. India Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. India Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. Japan Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. Japan Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Australia Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Australia Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. South Korea Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. South Korea Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55. RoAPAC Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56. RoAPAC Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. RoAPAC Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. Brazil Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. Brazil Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Mexico Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Mexico Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. RoLA Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. RoLA Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. South Africa Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72. South Africa Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. South Africa Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. List of secondary sources, used in the study of Global Power Monitoring System Market.
TABLE 78. List of primary sources, used in the study of Global Power Monitoring System Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Power Monitoring System market, research methodology
FIG 2. Global Power Monitoring System market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Power Monitoring System market, key trends 2023
FIG 5. Global Power Monitoring System market, growth prospects 2022-2032
FIG 6. Global Power Monitoring System market, porters 5 force model
FIG 7. Global Power Monitoring System market, pestel analysis
FIG 8. Global Power Monitoring System market, value chain analysis
FIG 9. Global Power Monitoring System market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Power Monitoring System market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Power Monitoring System market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Power Monitoring System market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Power Monitoring System market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Power Monitoring System market, regional snapshot 2022 & 2032
FIG 15. North America Power Monitoring System market 2022 & 2032 (USD Billion)
FIG 16. Europe Power Monitoring System market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Power Monitoring System market 2022 & 2032 (USD Billion)
FIG 18. Latin America Power Monitoring System market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Power Monitoring System market 2022 & 2032 (USD Billion)
FIG 20. Global Power Monitoring System market, company market share analysis (2023)