Power monitoring market revenue share, company profiles, launches, & forecast

The global power monitoring market size is expected to reach USD 5.86 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising need to enhance energy efficiency and minimize energy costs. Emergence of advanced power monitoring system allow users to obtain detailed information regarding the amount of energy consumed. Manufacturing and process industries are increasingly adopting power monitoring systems to manage, analyze, and control energy usage. Power monitoring systems provide detailed information about the amount of energy consumed, which helps in identifying a wide range of ways to boost efficiency by minimizing waste and reducing rates of energy consumption. These factors are expected to drive demand for power monitoring systems during the forecast period. Incentives and rebates offered by utility companies are also encouraging consumers to decrease energy usage, which is resulting in increasing utilization of power monitoring systems. Incentives and rebates available for retrofitting existing buildings, such as high-efficiency motors and energy efficient lighting, is also expected to drive growth of the power monitoring market to a significant extent over the forecast period.

 The comprehensive assessment of value chain of the Power Monitoring industry is emphasized in the report to help business owners, stakeholder and field marketing personnel get a clear understanding of the key competency of the different activities involved. The market opportunity analysis offered in the market intelligence report measures various intangible factors such as gross margin, profit, demand and supply, distribution channel and spending power of the customers. Importantly, the study classifies the industry into an array of segments based on product type, application and consumer preference. The evaluation of the various segments is useful in getting clarity about the growth areas and viable opportunities in the Power Monitoring market for the forecast period, 2019 to 2032.

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Key companies operating in the Power Monitoring market include:

Schneider Electric, ABB, Eaton Corporation plc, Siemens AG, General Electric, Emerson Electric Co., Rockwell Automation, Inc., Mitsubishi Electric, Omron Corporation, and Yokogawa Electric

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Power Monitoring market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Power Monitoring Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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Power Monitoring Market Segmentation:

Component Outlook (Revenue, USD Billion; 20–2028)

• Software
• Hardware
• Services      

End-use Outlook (Revenue, USD Billion; 20–2028)

• Datacenters
• Utilities & Renewables
• Manufacturing & Process Industry
• Electric Vehicle Charging stations
• Public Infrastructure

Regional Outlook (Revenue, USD Billion; 20–2028)

• North America

1. U.S.
2. Canada
3. Mexico

• Europe

1. Germany
2. France
3. U.K.
4. BENELUX
5. Italy
6. Spain
7. Ireland
8. Rest of Europe

• Asia Pacific

1. China
2. Japan
3. South Korea
4. India
5. Rest of APAC

• Latin America

1. Brazil
2. Rest of LATAM

• Middle East & Africa

1. Saudi Arabia
2. UAE
3. South Africa
4. Rest of MEA

Power Monitoring Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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