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Power Monitoring - Global Market Trajectory & Analytics

  • ID: 4805706
  • Report
  • May 2021
  • Region: Global
  • 617 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • Albireo Energy, LLC
  • Emerson Electric Company
  • GE Grid Solutions
  • Omron Corporation
  • Samsara Networks, Inc.

Global Power Monitoring Market to Reach $3.8 Billion by 2027


Amid the COVID-19 crisis, the global market for Power Monitoring estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$2.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 3.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $869.7 Million, While China is Forecast to Grow at 6.4% CAGR


The Power Monitoring market in the U.S. is estimated at US$869.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$435 Million by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Services Segment to Record 4% CAGR


In the global Services segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$389.4 Million in the year 2020 will reach a projected size of US$509.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$318.2 Million by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 66 Featured) -

  • ABB Ltd.
  • Accuenergy Ltd.
  • Albireo Energy, LLC
  • Eaton Corporation Inc.
  • Emerson Electric Company
  • Fluke Corporation
  • Fuji Electric FA Components & Systems Co., Ltd.
  • GE Grid Solutions
  • Greystone Energy Systems Inc.
  • Littelfuse, Inc.
  • Mitsubishi Electric Corporation
  • Omron Corporation
  • Rockwell Automation, Inc.
  • Samsara Networks, Inc.
  • Schneider Electric SE
  • Siemens AG
  • VaCom Technologies
  • Veris Industries
  • Yokogawa Electric Corporation
Frequently Asked Questions about the Global Market for Power Monitoring

What is the estimated value of the Global Market for Power Monitoring?

The Global Market for Power Monitoring was estimated to be valued at $2.8 Billion in 2020.

What is the growth rate of the Global Market for Power Monitoring?

The growth rate of the Global Market for Power Monitoring is 4.5%, with an estimated value of $3.8 Billion by 2027.

What is the forecasted size of the Global Market for Power Monitoring?

The Global Market for Power Monitoring is estimated to be worth $3.8 Billion by 2027.

Who are the key companies in the Global Market for Power Monitoring?

Key companies in the Global Market for Power Monitoring include ABB Ltd., Accuenergy Ltd., Albireo Energy, LLC, Eaton Corporation Inc., Emerson Electric Company, Fluke Corporation, Fuji Electric FA Components & Systems Co., Ltd., GE Grid Solutions and Littelfuse, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Albireo Energy, LLC
  • Emerson Electric Company
  • GE Grid Solutions
  • Omron Corporation
  • Samsara Networks, Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Outbreak to Dent Market Prospects in the Immediate Term
  • What the Stock Market Tells About the COVID-19 Impact is Simple: Maintaining Growth in These Unprecedented Times is Challenging
  • An Introduction to Power Monitoring Products and Services
  • Power Monitoring Products and Services: Current Market Scenario and Outlook
  • Recent Market Activity
  • Power Monitoring Hardware: Largest & Fastest Growing Category
  • Power Monitoring Software Continues to Make Robust Gains
  • Sustained Demand for Power Monitoring Services
  • While Developed Regions Remain Major Revenue Contributors, Developing Regions Extend High Growth Opportunities
  • Exhibit 1: World Power Monitoring Products & Services Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 2: World Power Monitoring Products & Services Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, USA, Middle East, Europe, Canada, Africa, and Japan
  • COVID-19 Pandemic Set to Dent Economic Growth Across All Regions
  • Exhibit 3: World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Exhibit 4: Global Purchasing Managers' Index (PMI) Points for the Years 2018 through 2020
  • Competitive Scenario: A Fragmented Marketplace
2. FOCUS ON SELECT PLAYERS
  • ABB Ltd. (Switzerland)
  • Accuenergy Ltd. (Canada)
  • Albireo Energy, LLC (USA)
  • Eaton Corporation Inc. (USA)
  • Emerson Electric Company (USA)
  • Fluke Corporation (USA)
  • Fuji Electric FA Components & Systems Co., Ltd. (Japan)
  • GE Grid Solutions (USA)
  • Greystone Energy Systems Inc. (Canada)
  • Littelfuse, Inc. (USA)
  • Mitsubishi Electric Corporation (Japan)
  • Omron Corporation (Japan)
  • Rockwell Automation, Inc. (USA)
  • Samsara Networks, Inc. (USA)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • VaCom Technologies (USA)
  • Veris Industries (USA)
  • Yokogawa Electric Corporation (Japan)
3. MARKET TRENDS & DRIVERS
  • Growing Energy Efficiency Needs amid Escalating Energy Costs Creates Fertile Environment for Power Monitoring Solutions Market
  • Reducing Carbon Emissions - Right Time for Energy Efficiency Solutions
  • Exhibit 5: Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2018 by Industry
  • The World is Wasting More Energy than It Uses Even as Global Leaders Strategize to Reduce Carbon Emissions & Climate Change. The Time is Now Right for Energy Efficiency Solutions
  • Exhibit 6: Energy Use Efficiency & Wastages in the U.S. (In Quadrillion British Thermal Units)
  • Emphasis on Curbing Carbon Emissions Accelerates Deployments
  • Exhibit 7: Price of Carbon Emission in US$ per Metric Ton of CO2-Equivalent by Select Countries: 2019
  • Exhibit 8: Percentage Share of Carbon Dioxide Emissions Worldwide by Price: 2019
  • Focus on Improving the Electrical Infrastructure Reliability Builds Market Momentum
  • Manufacturing & Process Industry: Major Consumer
  • Exhibit 9: Top 10 Countries in Terms of Manufacturing Output: 2018
  • Industry 4.0 to Steer Next Wave of Growth
  • Exhibit 10: Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2019, 2021, and 2023
  • Sustained Opportunities in Utilities & Renewable Energy Sectors
  • Exhibit 11: Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
  • Exhibit 12: Electricity Consumption in Trillion kWh by Region for the Years 2010, 2012, 2014, 2016 and 2018
  • Exhibit 13: China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
  • Rising Investments on Smart Grids Accelerates Market Adoption
  • Exhibit 14: Global Spending on Smart Grid Infrastructure (in US$ Billion) for the Years 2019, 2021, and 2023
  • Novel Opportunities Identified in Renewables Sector
  • Developments in Smart Water Management Industry Augur Well
  • Exhibit 15: Global Spending on Smart Water Management Solutions (in US$ Billion) for the Years 2019, 2021, and 2023
  • Power Monitoring Systems Come to the Fore to Resolve Critical Power Needs of Data Centers
  • Exhibit 16: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
  • Exhibit 17: Data Center New Floor Space Capacity Additions (in '000 Sq. Ft.) Worldwide for the Years 2013, 2015, 2017, and 2019
  • Electric Vehicle Charging Stations: New Growth Vertical
  • Exhibit 18: Number of Public Charging Stations Worldwide for the Years 2015 through 2019
  • IoT & M2M Communication Summon Broad-based Modifications in Power Monitoring Technology
  • Academia Embraces Power Monitoring Technology to Push Energy Efficiency
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 66
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Accuenergy Ltd.
  • Albireo Energy, LLC
  • Eaton Corporation Inc.
  • Emerson Electric Company
  • Fluke Corporation
  • Fuji Electric FA Components & Systems Co., Ltd.
  • GE Grid Solutions
  • Greystone Energy Systems Inc.
  • Littelfuse, Inc.
  • Mitsubishi Electric Corporation
  • Omron Corporation
  • Rockwell Automation, Inc.
  • Samsara Networks, Inc.
  • Schneider Electric SE
  • Siemens AG
  • VaCom Technologies
  • Veris Industries
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown
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