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Power Management Systems - Global Market Trajectory & Analytics

  • ID: 4805707
  • Report
  • May 2021
  • Region: Global
  • 703 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Group
  • Cpower
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • Fuji Electric Co., Ltd.
  • GE Grid Solutions
  • MORE

Global Power Management Systems Market to Reach US$6.6 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Power Management Systems estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$6.6 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027.Hardware, one of the segments analyzed in the report, is projected to grow at a 6.3% CAGR to reach US$2.4 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 4.9% CAGR for the next 7-year period. This segment currently accounts for a 42.4% share of the global Power Management Systems market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.9% CAGR for the Period of 2020-2027


The Power Management Systems market in the U.S. is estimated at US$1.2 Billion in the year 2020. The country currently accounts for a 27.07% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.4 Billion in the year 2027 trailing a CAGR of 8.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$1.4 Billion by the year 2027.

Services Segment Corners a 22% Share in 2020


In the global Services segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$742.2 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$887.7 Million by the year 2027, while Latin America will expand at a 7.7% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

  • ABB Group
  • Cpower
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • ETAP - Operation Technology, Inc.
  • Fuji Electric Co., Ltd.
  • GE Grid Solutions
  • Honeywell Process Solutions
  • Larsen & Toubro Limited
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SA
  • Siemens AG
  • Wartsila Corporation
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Group
  • Cpower
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • Fuji Electric Co., Ltd.
  • GE Grid Solutions
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • An Introduction to Power Management System (PMS)
  • Power Management Systems: Current Market Scenario and Outlook
  • While Developing Regions Steer Overall Growth in the PMS Market, Contribution of Developed Regions Remains Relevant
  • Exhibit 1: World Power Management Systems Market (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 2: World Power Management Systems Market - Geographic Regions Ranked by % CAGR (Revenues) for 2018-2025: China, Asia-Pacific, USA, Europe, Canada, Middle East, Latin America, Africa, 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
  • Economic Scenario and its Influence on PMS Market
  • Exhibit 3: Global Economic Outlook: Real GDP Growth Rates (%) by Country/Region for the Years 2018 through 2020
  • COMPETITIVE SCENARIO
  • PMS: A Fragmented Marketplace
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB Ltd. (Switzerland)
  • Brush Group (UK)
  • Eaton Corporation Inc. (USA)
  • Emerson Electric Company (USA)
  • Etap (USA)
  • General Electric Company (USA)
  • Honeywell International Inc. (USA)
  • Larsen & Toubro Limited (India)
  • Mitsubishi Electric Corporation (Japan)
  • Rockwell Automation, Inc. (USA)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Wärtsilä Corporation (Finland)
3. MARKET TRENDS & DRIVERS
  • 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
  • Growing Energy Efficiency Needs Amid Escalating Energy Costs Favor PMS Market Expansion
  • Emphasis on Curbing Carbon Emissions Accelerates PMS Deployments
  • 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
  • Global Marine Freight Carrier Statistics
  • Exhibit 4: World Fleet in Millions of Dead-Weight Tons by Principal Vessel Type: 2017 & 2018
  • Exhibit 5: Percentage Share Breakdown of World Fleet in Dead-Weight Tonnage by Principal Vessel Type: 2000, 2010 & 2018
  • Exhibit 6: Number of Vessels (National Flag & Foreign or International Flag) by Select Countries: 2018
  • Exhibit 7: Global Merchant Fleet by Flag of Registration for the Years 2011 through 2018
  • Global Seaborne Trade Statistics
  • Exhibit 8: World Seaborne Trade: Total Volume of Goods Loaded in Billion Tons for the Years 2010 through 2018
  • Exhibit 9: Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
  • Exhibit 10: 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 11: New Orders for Standard Vessels Market Worldwide in Deadweight tonnage (DWT) by for the Years 2010, 2012, 2014, 2016 and 2018
  • Exhibit 12: New Orders for Standard Vessels Market Worldwide: Percentage Breakdown of Deadweight tonnage (DWT) by Vessel Type for 2014, 2016 and 2018
  • Steady Growth Projected for PMS in Oil & Gas Sector
  • Exhibit 13: Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
  • Exhibit 14: North American E&P Capital Spending in $ Billion by Type of Company (2017-2019)
  • Sophisticated PMS Gain Traction in Metals and Mining Applications
  • World Metals & Mining Industry by Material Category: A Snapshot
  • Exhibit 15: Leading Mining Nations in the World (2018): Percentage Breakdown of Volume Production for Australia, China, Russia, USA, and Others
  • Established Role of Power Management in Data Centers Builds Market Momentum
  • Exhibit 16: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
  • Exhibit 17: Global Data Center Market (2013, 2015, 2017, 2019): New Floor Space Capacity Additions in Thousand Square Feet
  • A Review of Select New and Upcoming Mega Data Center Projects
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Largest Market for Power Management Systems
CANADA

JAPAN
  • PMS Aims to Expand Footprint in the Sprawling Japanese Industrial Sector
CHINA
  • A High Growth Market
EUROPE
  • Major Market for PMS
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Fast Paced Growth Projected for PMS in 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: 43
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Group
  • Cpower
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • ETAP - Operation Technology, Inc.
  • Fuji Electric Co., Ltd.
  • GE Grid Solutions
  • Honeywell Process Solutions
  • Larsen & Toubro Limited
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SA
  • Siemens AG
  • Wartsila Corporation
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown
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