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Power Management Systems - Global Market Trajectory & Analytics

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    Report

  • 865 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805707

Global Power Management Systems Market to Reach $5.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Power Management Systems estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at a CAGR of 6.1% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 6.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $765.5 Million, While China is Forecast to Grow at 8% CAGR

The Power Management Systems market in the U.S. is estimated at US$765.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$814.1 Million by the year 2027 trailing a CAGR of 8% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$842.4 Million by the year 2027.

Services Segment to Record 5.6% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$776.5 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.4% CAGR through the analysis period.

Select Competitors (Total 152 Featured)

  • ABB Ltd.
  • Brush Group
  • Eaton Corporation Inc.
  • Emerson Electric Company
  • ETAP/Operation Technology, Inc.
  • General Electric Company
  • Honeywell International Inc.
  • Larsen & Toubro Limited
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Wärtsilä Corporation

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Power Management Systems

What is the estimated value of the Global Market for Power Management Systems?

The Global Market for Power Management Systems was estimated to be valued at $3.7 Billion in 2020.

What is the growth rate of the Global Market for Power Management Systems?

The growth rate of the Global Market for Power Management Systems is 5.8%, with an estimated value of $5.5 Billion by 2027.

What is the forecasted size of the Global Market for Power Management Systems?

The Global Market for Power Management Systems is estimated to be worth $5.5 Billion by 2027.

Who are the key companies in the Global Market for Power Management Systems?

Key companies in the Global Market for Power Management Systems include ABB Ltd., Brush Group, Eaton Corporation Inc., Emerson Electric Company, ETAP/Operation Technology, Inc., General Electric Company, Honeywell International Inc., Larsen & Toubro Limited and Rockwell Automation, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • Exhibit 1: A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Exhibit 2: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Industrial Activity Remain Subdued in 2020
  • Exhibit 3: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Pandemic's Effect on the Power Management Systems Market
  • An Introduction to Power Management System (PMS)
  • Power Management Systems: Current Market Scenario and Outlook
  • Growth Drivers
  • While Developing Regions Steer Overall Growth in the PMS Market, Contribution of Developed Regions Remains Relevant
  • Exhibit 4: World Power Management Systems Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 5: World Power Management Systems Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, USA, Canada, Africa, Europe, and Japan
  • PMS Software: Dominant Product Segment
  • Cloud Versions Instigate New Demand for PMS Software
  • PMS Services Remains a Major Market Segment
  • Power Monitoring & Control: Core PMS Module
  • Critical Importance of Load Shedding & Management Amplifies Demand
  • COMPETITIVE SCENARIO
  • PMS: A Fragmented Marketplace
  • Recent Market Activity
  • Select Innovations
  • Select Global Brands
  • Exhibit 6: Power Management Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche for 153 Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Select Trends Relevant to the Power Management System Industry
  • Power Efficiency and Management Offer Several Benefits
  • Sustained Emphasis on Industrial Automation Creates Fertile Environment for Growth and Progress of PMS Market
  • Industry 4.0 to Steer Next Wave of Growth
  • Rising Adoption of Industrial IoT & M2M Technologies Augurs Well
  • Exhibit 7: Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Growing Energy Efficiency Needs Amid Escalating Energy Costs Favor PMS Market Expansion
  • Emphasis on Curbing Carbon Emissions Accelerates PMS Deployments
  • After Getting Hit the Hardest, the Clean Energy Segment Bound to Rebound
  • Exhibit 8: Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Marine Sector: Major Consumer of PMS
  • Steady Growth in Seaborne Trade Volumes and Parallel Increase in Number of Marine Freight Carriers Enhance Marine PMS Demand
  • Exhibit 9: World Fleet in Millions of Dead-Weight Tons by Principal Vessel Type: 2017 & 2018
  • Exhibit 10: Percentage Share Breakdown of World Fleet in Dead-Weight Tonnage by Principal Vessel Type: 2000, 2010 & 2018
  • Exhibit 11: Number of Vessels (National Flag & Foreign or International Flag) by Select Countries: 2018
  • Exhibit 12: Global Merchant Fleet by Flag of Registration for the Years 2011 through 2018
  • Global Seaborne Trade Statistics
  • Exhibit 13: World Seaborne Trade: Total Volume of Goods Loaded in Billion Tons for the Years 2010 through 2018
  • Exhibit 14: Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
  • Exhibit 15: Seaborne Trade of Developing Economies: Percentage of World Tonnage by Goods Loaded and Goods Unloaded for the Years 2010, 2012, 2014, 2016 and 2018
  • Shipbuilding Activity Widens Opportunities for Marine PMS
  • Exhibit 16: New Orders for Standard Vessels Market Worldwide in Deadweight tonnage (DWT) by for the Years 2010, 2012, 2014, 2016 2018, and 2020E
  • Exhibit 17: World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
  • Naval Ships, a Dominant Application Segment: Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
  • Exhibit 18: Healthy Defense Spending to Amplify the Need for Naval PMS: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
  • Steady Growth Projected for PMS in Oil & Gas Sector
  • Exhibit 19: Global Prices of Brent Crude (In US$ Per Barrel) for the Years 2012 through 2021
  • Exhibit 20: With Growth Skewed Towards Alternative Liquid Fuels, Oil Refineries Face a High Risk Exposure as the Oil Shake Up Marks the Transition Towards a Low Carbon Economy: Global Liquid Fuel Cumulative Demand Growth (In ‘000 Barrels per Day) by Type for the Years 2018, 2021 & 2023
  • Increase in E&P Spending and Volatility Continue to Shape Strategy for Sustained Demand of Power Management Systems
  • Exhibit 21: Global Oil & Gas E&P Industry Spending (2015-2021E)
  • Exhibit 22: Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
  • Sophisticated PMS Gain Traction in Metals and Mining Applications
  • World Metals & Mining Industry by Material Category: A Snapshot
  • Exhibit 23: Leading Mining Nations in the World (2022E): Percentage Breakdown of Volume Production for Australia, China, Russia, USA, and Others
  • Established Role of Power Management in Data Centers Builds Market Momentum
  • Exhibit 24: Global Datacenter IP Traffic (In Petabytes Per Month) for Years 2017 Through 2022
  • Exhibit 25: Global Data Center Market (2013, 2015, 2017, 2019, and 2022): New Floor Space Capacity Additions in Thousand Square Feet
  • Exhibit 26: Bandwidth Continues to Explode Even in a Simple Smart Home: Application Requirements of Smart Home/Consumer Apps (In Mbps) by 2023
  • Beyond COVID-19 Lies a New Normal With New Opportunities for Datacenters
  • Demand for Datacenters Surge as Remote Working Becomes the New Normal
  • Technologically Advanced Applications in Power Management
  • Smart Integrated Power Management Solutions
  • Power Management System in Smart Homes
  • Innovations in Power Management ICs
  • Power Management Tools from ENERSYS®
  • BAE Systems' Power Management Solutions for Air Taxis
  • TAE Technologies Inventive Power Management Strategy Transforms Electric Vehicle Management
  • Review of Generator Sets for Healthcare Settings - A Case in Point
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Power Management Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Power Management Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Power Management Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Power Monitoring & Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Power Monitoring & Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Power Monitoring & Control by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Load Shedding & Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Load Shedding & Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Load Shedding & Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Power Simulator by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Power Simulator by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Power Simulator by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Generator Controls by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Generator Controls by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Generator Controls by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Other Modules by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Other Modules by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Other Modules by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: World 15-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 33: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 34: World Recent Past, Current & Future Analysis for Data Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 35: World Historic Review for Data Centers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 36: World 15-Year Perspective for Data Centers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 37: World Recent Past, Current & Future Analysis for Metals & Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 38: World Historic Review for Metals & Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 39: World 15-Year Perspective for Metals & Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 40: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 41: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 42: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Power Management Systems Market Presence - Strong/Active/Niche - Key Competitors in the United States for 2022 (E)
  • Largest Market for Power Management Systems
  • Market Analytics
CANADA
JAPAN
  • PMS Aims to Expand Footprint in the Sprawling Japanese Industrial Sector
  • Market Analytics
CHINA
  • A High Growth Market
  • Market Analytics
EUROPE
  • Power Management Systems Market Presence - Strong/Active/Niche - Key Competitors in Europe for 2022 (E)
  • Major Market for PMS
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Fast Paced Growth Projected for PMS in Asia-Pacific
  • Market Analytics
AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICA
IV. COMPETITION
  • Total Companies Profiled: 152

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Brush Group
  • Eaton Corporation Inc.
  • Emerson Electric Company
  • ETAP/Operation Technology, Inc.
  • General Electric Company
  • Honeywell International Inc.
  • Larsen & Toubro Limited
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Wärtsilä Corporation