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Power Monitoring Market by Component (Hardware, Software, Services), End-User (Manufacturing & Process Industry, Datacentres, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Stations), and Region - Global Forecast to 2024

  • ID: 4856410
  • Report
  • November 2019
  • Region: Global
  • 142 Pages
  • Markets and Markets
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The Global Power Monitoring Market is Projected to Reach USD 5.2 Billion by 2024 from an Estimated USD 3.8 Billion in 2019, at a CAGR of 6.1%.

FEATURED COMPANIES

  • ABB
  • Eaton
  • General Electric
  • Mitsubishi Electric
  • Samsara
  • Vacom Technologies
  • MORE

There is an increasing focus on the efficient utilization of power resources. The power monitoring system plays a vital role by reducing energy costs and maximizing the reliability of electrical infrastructure. It hence offers opportunities for the increasing adoption of smart grid technologies.

Hardware segment of power monitoring dominates the global market.

The hardware segment of the power monitoring market is expected to be the largest market, by component, during the forecast period. The growth of the market is driven by the increasing number of smart grid installations as well as investments globally.

Hardware segment is further sub-segmented into metering & communication devices and measurement devices. Metering & communication devices is expected to be the largest market during the forecast period. The basic function of metering devices is to measure, record, and monitor the quantity of power flowing through any part of the electric system.

Datacenters segment power monitoring dominate the global market

The datacenters' segment, by end-user, is estimated to be the fastest-growing during the forecast period. This growth is attributed to the need for reliable power supply and increasing investments in the IT hubs and electrical power distribution infrastructure. Moreover, data centers consume a large amount of energy for its functioning. Any loss of power can result in data loss and huge monetary loss. So, power monitoring systems are used in data centers for the optimization of power utilization.

Asia Pacific to lead the global power monitoring market in terms of growth rate.

The power monitoring market in Asia Pacific is projected to grow at the fastest rate during the forecast period. Increasing installation of power monitoring systems dominates the market in countries such as China, Japan, South Korea, and India for maximizing the reliability of electrical infrastructure and reducing energy costs. Besides Asia Pacific, North America was one of the largest markets for power monitoring. The demand for power monitoring in North America is driven mainly by the increasing focus on upgrading the aging power infrastructure in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier I-55%, Tier II-30%, and Tier III-15%
  • By Designation: C-Level-60%, Director Level-20%, and Others-20%
  • By Region: North America- 61%, Europe- 18%, Asia Pacific- 10%, Middle East & Africa- 9%, and South America- 2%

Note: Others include sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.

The global power monitoring market is dominated by a few major players that have an extensive regional presence. The leading players in the power monitoring are Schneider Electric (France), ABB(Switzerland), Eaton(Ireland), Siemens(Germany), General Electric(US), Emerson(US), Rockwell Automation (US), Mitsubishi Electric (Japan), Omron(Japan), Yokogawa(Japan).

Research Coverage:

The report defines, describes, and forecasts the global power monitoring market, by technology, capacity, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the power monitoring market.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Eaton
  • General Electric
  • Mitsubishi Electric
  • Samsara
  • Vacom Technologies
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.2.1 Power Monitoring Market, By Component: Inclusions & Exclusions
1.2.2 Power Monitoring Market, By End-User: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakup of Primaries
2.2 Scope
2.3 Market Size Estimation
2.3.1 Demand-Side Analysis
2.3.1.1 Key Assumptions
2.3.1.2 Calculation
2.3.2 Forecast
2.3.3 Supply-Side Analysis
2.3.3.1 Assumptions and Calculations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Power Monitoring Market
4.2 Power Monitoring Market, By Region
4.3 Power Monitoring Market, By Component & Country
4.4 Power Monitoring Market, By Component
4.5 Power Monitoring Market, By End-User

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Focus on Effective Utilization of Power Resources
5.2.1.2 Growing Attention to Reducing Energy Cost
5.2.1.3 Maximizing the Reliability of Electrical Infrastructure
5.2.2 Restraints
5.2.2.1 Higher Costs of High-End Monitoring Devices
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Smart Grid Technologies
5.2.3.2 Growing Focus on Industrial Developments
5.2.4 Challenges
5.2.4.1 Availability of Alternatives Such as Energy Management System

6 Power Monitoring Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Increasing Investments in Smart Technology are Expected to Drive the Hardware Segment
6.2.2 Metering & Communication Devices
6.2.3 Measurement Devices
6.3 Software
6.3.1 Organizing Data to Provide Meaningful Information Via Web Interface is Expected to Drive the Software Segment
6.4 Services
6.4.1 Installation of New Components and Upgrading the Existing Ones is Expected to Drive the Services Segment

7 Power Monitoring Market, By End-User
7.1 Introduction
7.2 Manufacturing & Process Industry
7.2.1 Increasing Focus on Energy Efficiency is Expected to Drive the Manufacturing & Process Industry Segment
7.3 Data Center
7.3.1 Need for Reliable Power Supply is Driving the Data Center Power Monitoring Market
7.4 Utilities & Renewables
7.4.1 Increasing Attention to Reducing Energy Cost & Growing Investments in Smart Grid Technology are Expected to Drive the Market
7.5 Public Infrastructure
7.5.1 Increase in Urbanization Coupled With the Need for Real-Time Monitoring of Power Usage is Expected to Drive This Segment
7.6 Electric Vehicle Charging Station
7.6.1 Rise in Global Electric Car Fleet is Expected to Drive This Segment

8 Power Monitoring Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Increasing Focus on Upgrading the Aging Power Equipment is Expected to Boost the Demand for the US Power Monitoring Market
8.2.2 Canada
8.2.2.1 High Maintenance Costs Due to the Aging Electricity Infrastructure in Canada are Likely to Drive the Canadian Power Monitoring Market
8.2.3 Mexico
8.2.3.1 Focus on New Electrical Infrastructure is Expected to Drive the Demand for the Mexican Power Monitoring Market
8.3 Europe
8.3.1 Germany
8.3.1.1 Increase in Renewable Power Generation is Driving the Power Monitoring Market
8.3.2 UK
8.3.2.1 Need to Manage and Monitor Complex Grid is Driving the Power Monitoring Market
8.3.3 France
8.3.3.1 Focus on Strengthening the Energy Supply Chain is Driving the Power Monitoring Market
8.3.4 Italy
8.3.4.1 Need for Reliable Power Supply and Achieving Energy Efficiency are Driving the Power Monitoring Market
8.3.5 Spain
8.3.5.1 Focus on Decreasing Energy Costs is Driving the Power Monitoring Market
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.1.1 Focus on Integrating Renewable Energy Generation and Smart Grid Technologies is Driving the Market
8.4.2 Japan
8.4.2.1 Need for Real-Time Communication of the Power Generated is Driving the Power Monitoring Market
8.4.3 South Korea
8.4.3.1 Increasing Focus on Greater Efficiency in Power Distribution is Driving the Power Monitoring Market
8.4.4 India
8.4.4.1 Focus on Reducing Costs and Monitoring the Entire Electrical Infrastructure is Driving the Power Monitoring Market
8.4.5 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.1.1 Focus on Reducing Energy Costs is Expected to Increase the Demand for Power Monitoring Market
8.5.2 UAE
8.5.2.1 Higher Standards for Energy Efficiency and Smart Grid Initiatives are Expected to Boost the UAE Power Monitoring Market
8.5.3 South Africa
8.5.3.1 Focus on Improving Energy Efficiency and Fulfilling Future Energy Requirements are Expected to Boost the South African Power Monitoring Market
8.5.4 Algeria
8.5.4.1 Increasing Focus on Distributed Energy Solutions is Expected to Boost the Algerian Power Monitoring Market
8.5.5 Qatar
8.5.5.1 Increasing Investments in Infrastructure are Expected to Boost the Qatari Power Monitoring Market
8.5.6 Rest of Middle East & Africa
8.6 South America
8.6.1 By Country
8.6.2 Brazil
8.6.2.1 Investments in Smart Meter and Pilot Smart Grid Projects are Expected to Boost the Power Monitoring Market in Brazil
8.6.3 Argentina
8.6.3.1 Economic and Regulatory Changes in the Energy Sector are Expected to Boost the Argentinian Power Monitoring Market
8.6.4 Rest of South America

9 Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis
9.3 Competitive Scenario
9.3.1 Contracts & Agreements
9.3.2 Mergers & Acquisitions
9.3.3 New Product Developments
9.3.4 Others
9.4 Competitive Leadership Mapping
9.4.1 Visionary Leaders
9.4.2 Innovators
9.4.3 Dynamic
9.4.4 Emerging

10 Company Profile
Overview, Product Offerings, Recent Developments, and SWOT Analysis
10.1 Schneider Electric
10.2 ABB
10.3 Eaton
10.4 Siemens
10.5 General Electric
10.6 Emerson
10.7 Rockwell Automation
10.8 Mitsubishi Electric
10.9 Omron
10.10 Yokogawa
10.11 Littelfuse
10.12 Fuji Electric Fa Components & Systems
10.13 Fluke Corporation
10.14 Samsara
10.15 Accuenergy
10.16 Veris Industries
10.17 Albireo Energy
10.18 Vacom Technologies
10.19 Etap- Operation Technology
10.20 Greystone Energy Systems

Details on Overview, Product Offerings, Recent Developments, and SWOT Analysis Might Not be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details

List of Tables

Table 1 Power Monitoring Market: Snapshot
Table 2 Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 3 Hardware: Power Monitoring Market, Subcomponent, 2017-2024 (Units)
Table 4 Hardware: Power Monitoring Market, Subcomponent, 2017-2024 (USD Million)
Table 5 Hardware: Power Monitoring Market, By Region, 2017-2024 (Units)
Table 6 Hardware: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 7 Metering & Communication Devices: Power Monitoring Market Size, By Region, 2017-2024 (Units)
Table 8 Metering & Communication Devices: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 9 Measurement Devices: Power Monitoring Market, By Region, 2017-2024 (Units)
Table 10 Measurement Devices: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 11 Software: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 12 Services: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 13 Power Monitoring Market Size, By End-User, 2017-2024 (USD Million)
Table 14 Manufacturing & Process Industry: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 15 Data Center: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 16 Utilities & Renewables: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 17 Public Infrastructure: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 18 Electric Vehicle Charging Station: Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 19 Global Power Monitoring Market Size, By Region (Units), 2017-2024
Table 20 Global Power Monitoring Market Size, By Region, 2017-2024 (USD Million)
Table 21 North America: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 22 Hardware: North America Power Monitoring Market, Subcomponent, 2017-2024 (Units)
Table 23 Hardware: North American Power Monitoring Market, Subcomponent, 2017-2024 (USD Million)
Table 24 North America: Power Monitoring Market Size, By End-User, 2017-2024 (USD Million)
Table 25 North America: Power Monitoring Market Size, By Country, 2017-2024 (USD Million)
Table 26 US: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 27 Canada: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 28 Mexico: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 29 Europe: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 30 Hardware: European Power Monitoring Market, Subcomponent, 2017-2024 (Units)
Table 31 Hardware: European Power Monitoring Market, Subcomponent, 2017-2024 (USD Million)
Table 32 Europe: Power Monitoring Market Size, By End-User, 2017-2024 (USD Million)
Table 33 Europe: Power Monitoring Market Size, By Country, 2017-2024 (USD Million)
Table 34 Germany: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 35 UK: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 36 France: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 37 Italy: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 38 Spain: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 39 Rest of Europe: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 40 Asia Pacific: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 41 Hardware: Asia Pacific Power Monitoring Market, Subcomponent, 2017-2024 (Units)
Table 42 Hardware: Asia Pacific Power Monitoring Market, Subcomponent, 2017-2024 (USD Million)
Table 43 Asia Pacific: Power Monitoring Market Size, By End-User, 2017-2024 (USD Million)
Table 44 Asia Pacific: Power Monitoring Market Size, By Country, 2017-2024 (USD Million)
Table 45 China: Power Monitoring Market Size, By Component, 2017- 2024 (USD Million)
Table 46 Japan: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 47 South Korea: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 48 India: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 49 Rest of Asia Pacific: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 50 Middle East & Africa: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 51 Hardware: Middle East & African Power Monitoring Market, Subcomponent, 2017-2024 (Units)
Table 52 Hardware: Middle East & African Power Monitoring Market, Subcomponent, 2017-2024 (USD Million)
Table 53 Middle East & Africa: Power Monitoring Market Size, By End-User, 2017-2024 (USD Million)
Table 54 Middle East & Africa: Power Monitoring Market Size, By Country, 2017-2024 (USD Million)
Table 55 Saudi Arabia: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 56 UAE: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 57 South Africa: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 58 Algeria: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 59 Qatar: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 60 Rest of Middle East & Africa: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 61 South America: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 62 Hardware: South American Power Monitoring Market, Subcomponent, 2017-2024 (Units)
Table 63 Hardware: South American Power Monitoring Market Size, Subcomponent, 2017-2024 (USD Million)
Table 64 South America: Power Monitoring Market Size, By End-User, 2017-2024 (USD Million)
Table 65 South America: Power Monitoring Market Size, By Country, 2017-2024 (USD Million)
Table 66 Brazil: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 67 Argentina: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 68 Rest of South America: Power Monitoring Market Size, By Component, 2017-2024 (USD Million)
Table 69 Developments By Key Players in the Market, January 2017-September 2019

List of Figures

Figure 1 Power Monitoring Market: Research Design
Figure 2 Main Metrics Considered While Constructing and Assessing the Demand for the Power Monitoring Market
Figure 3 Y-O-Y Investment By End-User Industry in Power Monitoring is the Determining Factor for the Global Power Monitoring Market
Figure 4 Efficient Power Utilization is the Determining Factor for the Global Power Monitoring Market
Figure 5 North America Dominated the Power Monitoring Market in 2018
Figure 6 Hardware Segment is Expected to Hold the Largest Share of the Power Monitoring Market, By Component, During the Forecast Period
Figure 7 Manufacturing & Process Industry Segment is Expected to Lead the Power Monitoring Market, By End-User, During the Forecast Period
Figure 8 Rise in Investments in Smart Grid Technologies is Expected to Drive the Power Monitoring Market, 2019-2024
Figure 9 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period (By Volume)
Figure 10 Hardware Segment and China Dominated the Asia Pacific Power Monitoring Market in 2018
Figure 11 Hardware Segment is Expected to Dominate the Power Monitoring Market, By Component, By 2024
Figure 12 Manufacturing & Process Industry Segment is Expected to Dominate the Power Monitoring Market, By End-User, By 2024
Figure 13 Drivers, Restraints, Opportunities, and Challenges
Figure 14 Hardware Segment of the Power Monitoring Market is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 15 Manufacturing & Process Industry Segment is Expected to be the Largest Power Monitoring Market During the Forecast Period
Figure 16 Asia Pacific is the Fastest Growing Region in the Power Monitoring Market
Figure 17 Power Monitoring Market Share (Value), By Region, 2018
Figure 18 North America: Regional Snapshot
Figure 19 Europe: Market Snapshot
Figure 20 Key Developments in the Power Monitoring Market During January 2017-September 2019
Figure 21 Market Share Analysis, 2018
Figure 22 Power Monitoring Market (Global) Competitive Leadership Mapping, 2018
Figure 23 Schneider Electric: Company Snapshot
Figure 24 ABB: Company Snapshot
Figure 25 Eaton: Company Snapshot
Figure 26 Siemens: Company Snapshot
Figure 27 General Electric: Company Snapshot
Figure 28 Emerson: Company Snapshot
Figure 29 Rockwell Automation: Company Snapshot
Figure 30 Mitsubishi Electric: Company Snapshot
Figure 31 Omron: Company Snapshot
Figure 32 Yokogawa: Company Snapshot
Figure 33 Littelfuse: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Accuenergy
  • Albireo Energy
  • Eaton
  • Emerson
  • Etap- Operation Technology
  • Fluke Corporation
  • Fuji Electric Fa Components & Systems
  • General Electric
  • Greystone Energy Systems
  • Littelfuse
  • Mitsubishi Electric
  • Omron
  • Rockwell Automation
  • Samsara
  • Schneider Electric
  • Siemens
  • Vacom Technologies
  • Veris Industries
  • Yokogawa
Note: Product cover images may vary from those shown
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