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

Description

List of Tables

US Power Monitoring System Market is valued at approximately USD 806.93 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.45% over the forecast period 2024-2032. The Power Monitoring System (PMS) is a system that monitors, analyses, and manages electrical power in a variety of settings, including industrial plants, commercial buildings, data centres, and utility substations. It entails using hardware and software components to collect information on electrical parameters such as voltage, current, power factor, energy usage, and frequency. Also, the key trend of Power Monitoring System Market is growing integration of PMS with IoTs. 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, with a growing emphasis on sustainability and energy conservation, there's a heightened demand for systems that can monitor energy consumption in real time. PMS helps businesses and industries identify areas of energy wastage, optimize usage, and reduce costs. Also, businesses and industries are becoming more aware of the importance of monitoring and managing their energy consumption. This increased awareness is leading to higher adoption rates of PMS solutions to track energy usage patterns and optimize operations. Additionally, other factors that support the market growth are the rising adoption of renewable energy sources, growing industrial automation, rising 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.

Major market player included in this report are:

General Electric Company
Emerson Electric Co.
Rockwell Automation Inc.
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

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

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 Country 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. US 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. US Power Monitoring System Market Size & Forecast (2022- 2032)
2.2. Segmental Summary
- 2.2.1. By Component
- 2.2.2. By Application
2.3. Key Trends
2.4. Recession Impact
2.5. Analyst Recommendation & Conclusion

Chapter 3. US Power Monitoring System Market Dynamics

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

Chapter 4. US 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. US Power Monitoring System Market Size & Forecasts by Component 2022-2032

5.1. Hardware
5.2. Software
5.3. Services

Chapter 6. US 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. Competitive Intelligence

7.1. Key Company SWOT Analysis
7.2. Top Market Strategies
7.3. Company Profiles
- 7.3.1. General Electric Company
  - 7.3.1.1. Key Information
  - 7.3.1.2. Overview
  - 7.3.1.3. Financial (Subject to Data Availability)
  - 7.3.1.4. Product Summary
  - 7.3.1.5. Market Strategies
- 7.3.2. Emerson Electric Co.
- 7.3.3. Rockwell Automation Inc.

Chapter 8. Research Process

8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
8.2. Research Attributes

LIST OF TABLES

TABLE 1. US Power Monitoring System market, report scope
TABLE 2. US Power Monitoring System market estimates & forecasts by Component 2022-2032 (USD Million)
TABLE 3. US Power Monitoring System market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 4. US Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 5. US Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. US Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. US Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. US Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. U.S. Power Monitoring System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. U.S. Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 11. U.S. Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 12. List of secondary sources, used in the study of US Power Monitoring System Market.
TABLE 13. List of primary sources, used in the study of US Power Monitoring System Market.
TABLE 14. Years considered for the study.
TABLE 15. Exchange rates considered

LIST OF FIGURES

FIG 1. US Power Monitoring System market, research methodology
FIG 2. US Power Monitoring System market, market estimation techniques
FIG 3. US market size estimates & forecast methods.
FIG 4. US Power Monitoring System market, key trends 2023
FIG 5. US Power Monitoring System market, growth prospects 2022-2032
FIG 6. US Power Monitoring System market, porters 5 force model
FIG 7. US Power Monitoring System market, pestel analysis
FIG 8. US Power Monitoring System market, value chain analysis
FIG 9. US Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 10. US Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 11. US Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 12. US Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 13. US Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 14. US Power Monitoring System market, company market share analysis (2023)