Asia Pacific 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

Asia Pacific Power Monitoring System Market is valued at approximately USD 1.66 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.20% over the forecast period 2024-2032. The Power Monitoring System (PMS) serves as a comprehensive solution tailored for vigilant oversight, insightful analysis, and proficient administration of electrical power across diverse settings, including industrial complexes, commercial edifices, data hubs, and utility substations. This sophisticated system amalgamates hardware and software elements harmoniously to meticulously capture crucial data pertaining to an array of electrical parameters, encompassing voltage, current, power factor, energy utilization, and frequency. Also, the key trend of Power Monitoring System Market in Asia Pacific is rising concerns about energy consumption and sustainability. Amid mounting apprehensions regarding energy utilization and sustainability, there emerged a burgeoning need for power monitoring systems (PMS) aimed at optimizing energy usage and curbing wastefulness. Various sectors including industries, commercial establishments, and residential complexes began embracing PMS solutions to proficiently oversee and regulate their energy consumption patterns.

Moreover, the rapid industrialization and urbanization in Asia Pacific countries are leading to a surge in electricity demand. This demand necessitates efficient monitoring and management systems to ensure reliable power supply, which boosts the adoption of power monitoring systems. Also, governments across the Asia Pacific region are implementing regulations and policies to improve energy efficiency and reduce carbon emissions. This includes mandates for energy-efficient practices and the deployment of smart grid infrastructure, driving the adoption of power monitoring systems. However, the high cost of devices is predicted to impede growth of Power Monitoring System market during furcate period 2024-2032.

The key Countries considered for the Asia Pacific Power Monitoring System market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market. The Chinese government has been actively promoting energy conservation and environmental protection. Policies and regulations mandating the implementation of energy management systems, including power monitoring systems, in industries and commercial buildings, are driving the market growth. Also, with growing concerns about energy security and environmental sustainability, industries and enterprises in China are increasingly investing in energy-efficient technologies, including power monitoring systems, to reduce energy wastage and operational costs. Moreover, India is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market player included in this report are:

Mitsubishi Electric Corporation
Omron Corporation
Yokogawa Electric Corporation
Fuji Electric Co., Ltd.
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:

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Power Monitoring System Market Dynamics

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

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

5.1. Hardware
5.2. Software
5.3. Services

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

7.1. China Power Monitoring System Market
- 7.1.1. Component breakdown size & forecasts, 2022-2032
- 7.1.2. Application breakdown size & forecasts, 2022-2032
7.2. India Power Monitoring System Market
7.3. Japan Power Monitoring System Market
7.4. Australia Power Monitoring System Market
7.5. South Korea Power Monitoring System Market
7.6. Rest of Asia Pacific 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. Mitsubishi Electric Corporation
  - 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. Omron Corporation
- 8.3.3. Yokogawa Electric Corporation
- 8.3.4. Fuji Electric Co., Ltd.

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. Asia Pacific Power Monitoring System market, report scope
TABLE 2. Asia Pacific Power Monitoring System market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Asia Pacific Power Monitoring System market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 4. Asia Pacific Power Monitoring System market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Asia Pacific Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Asia Pacific Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Asia Pacific Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Asia Pacific Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Asia Pacific Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Asia Pacific Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Asia Pacific Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Asia Pacific Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Asia Pacific Power Monitoring System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Asia Pacific Power Monitoring System market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. China Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. China Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. China Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. India Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. India Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. India Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Japan Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. Japan Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Japan Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Australia Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Australia Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Australia Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. South Korea Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. South Korea Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. South Korea Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30.
TABLE 31. RoAPAC Power Monitoring System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. RoAPAC Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. RoAPAC Power Monitoring System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. List of secondary sources, used in the study of Asia Pacific Power Monitoring System Market.
TABLE 35. List of primary sources, used in the study of Asia Pacific Power Monitoring System Market.
TABLE 36. Years considered for the study.
TABLE 37. Exchange rates considered

LIST OF FIGURES

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