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

Description

List of Tables

Europe Power Monitoring System Market is valued at approximately USD 920 million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.53 % over the forecast period 2024-2032. The Power Monitoring System (PMS) is a comprehensive framework engineered to oversee, assess, and administer electrical power within diverse contexts, including industrial facilities, commercial edifices, data centers, and utility substations. This system encompasses both hardware and software elements, facilitating the collection of data pertaining to key electrical metrics, including voltage, current, power factor, energy consumption, and frequency. Also, the key trend of Power Monitoring System Market in Europe is growing integration of Internet of Things (IoT) sensors and Artificial Intelligence (AI) algorithms. The power monitoring systems are increasingly integrating Internet of Things (IoT) sensors and Artificial Intelligence (AI) algorithms to provide real-time monitoring and predictive analytics. This allows for better energy management, predictive maintenance, and optimization of power usage.

Moreover, European countries are heavily investing in modernizing their power grids to enhance reliability, efficiency, and sustainability. Power monitoring systems play a crucial role in smart grid infrastructure by providing real-time data on power usage, grid performance, and fault detection. Also, the shift towards renewable energy sources such as wind and solar power necessitates the integration of variable energy sources into the grid. Power monitoring systems facilitate the integration of renewables by providing visibility into their generation patterns and their impact on the grid. Additionally, other factors that support the market growth are growing awareness of energy management, increasing demand for energy efficiency, and continuous advancements in power monitoring technology, including sensors, communication protocols, and data analytics, which are making these systems more affordable, scalable, and effective. This encourages broader adoption across various industries and applications. However, the high cost of devices is likely to limit the growth of Power Monitoring System market during 2024 and 2032.

The key countries considered for the Europe Power Monitoring System market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the largest market. The Power Monitoring System Market in Germany is driven by the rising demand for renewable energy, growing concerns about power quality and reliability, focus on energy management and cost reduction, and supportive government initiatives and Incentives. Also, the ongoing trend of industrial automation and digitalization in Germany drives the demand for power monitoring systems. These systems play a crucial role in smart manufacturing environments by monitoring power quality, managing energy usage, and ensuring equipment reliability. Whereas, the United Kingdom is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market player included in this report are:

ABB Ltd.
Schneider Electric SE
Siemens AG
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
Others

By Region:

Europe
UK
Germany
France
Spain
Italy
ROE

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.
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. Europe 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. Europe 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. Europe Power Monitoring System Market Dynamics

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

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

5.1. Hardware
5.2. Software
5.3. Services

Chapter 6. Europe 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. Europe Power Monitoring System Market Size & Forecasts by Country 2022-2032

7.1. U.K. Power Monitoring System Market
- 7.1.1. Component breakdown size & forecasts, 2022-2032
- 7.1.2. Application breakdown size & forecasts, 2022-2032
7.2. Germany Power Monitoring System Market
7.3. France Power Monitoring System Market
7.4. Spain Power Monitoring System Market
7.5. Italy Power Monitoring System Market
7.6. Rest of Europe 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.
  - 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. Schneider Electric SE
- 8.3.3. Siemens AG

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. Europe Power Monitoring System market, report scope
TABLE 2. Europe Power Monitoring System market estimates & forecasts by Country 2022-2032 (USD Million)
TABLE 3. Europe Power Monitoring System market estimates & forecasts by Component 2022-2032 (USD Million)
TABLE 4. Europe Power Monitoring System market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5. Europe Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. Europe Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Europe Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Europe Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Europe Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Europe Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Europe Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Europe Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Europe Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Million) Europe Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. UK Power Monitoring System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. UK Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 16. UK Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 17. Germany Power Monitoring System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 18. Germany Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 19. Germany Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 20. France Power Monitoring System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 21. France Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 22. France Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 23. Italy Power Monitoring System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 24. Italy Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 25. Italy Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 26. Spain Power Monitoring System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 27. Spain Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 28. Spain Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 29. RoE Power Monitoring System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 30. RoE Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 31. RoE Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 32. List of secondary sources, used in the study of Europe Power Monitoring System Market.
TABLE 33. List of primary sources, used in the study of Europe Power Monitoring System Market.
TABLE 34. Years considered for the study.
TABLE 35. Exchange rates considered

LIST OF FIGURES

FIG 1. Europe Power Monitoring System market, research methodology
FIG 2. Europe Power Monitoring System market, market estimation techniques
FIG 3. Europe market size estimates & forecast methods.
FIG 4. Europe Power Monitoring System market, key trends 2023
FIG 5. Europe Power Monitoring System market, growth prospects 2022-2032
FIG 6. Europe Power Monitoring System market, porters 5 force model
FIG 7. Europe Power Monitoring System market, pestel analysis
FIG 8. Europe Power Monitoring System market, value chain analysis
FIG 9. Europe Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 10. Europe Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 11. Europe Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 12. Europe Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 13. Europe Power Monitoring System market by segment, 2022 & 2032 (USD Million)
FIG 14. Europe Power Monitoring System market, Country snapshot 2022 & 2032
FIG 15. Europe Power Monitoring System market 2022 & 2032 (USD Million)
FIG 16. Europe Power Monitoring System market, company market share analysis (2023)