Power Management Systems - Global Strategic Business Report

Report
865 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 4805707

The global market for Power Management Systems is estimated at US$4.2 Billion in 2023 and is projected to reach US$6.8 Billion by 2030, growing at a CAGR of 6.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Power Management Systems Software segment, which is expected to reach US$2.9 Billion by 2030 with a CAGR of 6.1%. The Hardware segment is also set to grow at 7% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $885.4 Million in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Power Management Systems Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Power Management Systems Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Power Management Systems Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as ABB Ltd., BAE Systems PLC, Analog Devices, Inc., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 152 Featured):

ABB Ltd.
BAE Systems PLC
Analog Devices, Inc.
Advantech Co., Ltd.
Allis Electric Co., Ltd.
Alstom SA
Arista Power, Inc.
Aveva Group PLC
Albireo Energy LLC
Accuenergy Canada Inc.
Bachmann electronic GmbH
Anord Mardix (Ireland) Ltd
Atandra Energy Private Limited
ASCO Power Technologies
Affinity Energy LLC (Affinity Automation)

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

An Introduction to Power Management System (PMS)
Power Management Systems: Current Market Scenario and Outlook
Growth Drivers
Pandemic's Effect on the Power Management Systems Market
While Developing Regions Steer Overall Growth in the PMS Market, Contribution of Developed Regions Remains Relevant
World Power Management Systems Market (2024 & 2030): Percentage Breakdown of Revenues for Developed and Developing Regions
World Power Management Systems Market - Geographic Regions Ranked by % CAGR (Revenues) for 2023-2030: 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
Power Management Systems - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (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
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 2023E
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
Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025F
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 Seaborne Trade Statistics
Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
Shipbuilding Activity Widens Opportunities for Marine PMS
New Orders for Standard Vessels Market Worldwide in Deadweight tonnage (DWT) by for the Years 2010, 2012, 2014, 2016 2018, 2020, 2022 and 2024E
Naval Ships, a Dominant Application Segment: Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
Healthy Defense Spending to Amplify the Need for Naval PMS: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023E
Steady Growth Projected for PMS in Oil & Gas Sector
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 & 2023E
Increase in E&P Spending and Volatility Continue to Shape Strategy for Sustained Demand of Power Management Systems
Global Oil & Gas E&P Industry Spending (2015-2023E)
Sophisticated PMS Gain Traction in Metals and Mining Applications
World Metals & Mining Industry by Material Category: A Snapshot
Leading Mining Nations in the World (2024E): Percentage Breakdown of Volume Production for Australia, China, Russia, USA, and Others
Established Role of Power Management in Data Centers Builds Market Momentum
Global Datacenter IP Traffic (In Petabytes Per Month) for Years 2017 Through 2024E
EXHIBIT Global Data Center Market (2013, 2015, 2017, 2019, and 2023E): New Floor Space Capacity Additions in Thousand Square Feet
Bandwidth Continues to Explode Even in a Simple Smart Home: Application Requirements of Smart Home/Consumer Apps (In Mbps) by 2024E
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 3: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 6: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 9: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 12: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 15: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 18: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 21: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 24: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 27: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 30: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 33: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 36: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 39: World 16-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 2014, 2024 & 2030
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 2023 through 2030 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 2014 through 2022 and % CAGR
Table 42: World 16-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 2014, 2024 & 2030
Table 43: World Power Management Systems Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Largest Market for Power Management Systems

CANADA

JAPAN

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
PMS Aims to Expand Footprint in the Sprawling Japanese Industrial Sector

CHINA

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
A High Growth Market

EUROPE

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Major Market for PMS

FRANCE

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)

GERMANY

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)

ITALY

UNITED KINGDOM

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)

SPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
Fast Paced Growth Projected for PMS in Asia-Pacific

AUSTRALIA

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)

INDIA

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)

SOUTH KOREAREST OF ASIA-PACIFIC

LATIN AMERICA

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)

ARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST

AFRICA

Power Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

ABB Ltd.
BAE Systems PLC
Analog Devices, Inc.
Advantech Co., Ltd.
Allis Electric Co., Ltd.
Alstom SA
Arista Power, Inc.
Aveva Group PLC
Albireo Energy LLC
Accuenergy Canada Inc.
Bachmann electronic GmbH
Anord Mardix (Ireland) Ltd
Atandra Energy Private Limited
ASCO Power Technologies
Affinity Energy LLC (Affinity Automation)

Table Information

Report Attribute	Details
No. of Pages	865
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 4.2 Billion
Forecasted Market Value ( USD ) by 2030	$ 6.8 Billion
Compound Annual Growth Rate	7.1%
Regions Covered	Global

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Key Questions Answered:

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Select Competitors (Total 152 Featured):

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Table of Contents

Companies Mentioned (Partial List)

Table Information

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