Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Power Monitoring - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Power Monitoring Market to Reach $4.5 Billion by 2030
The global market for Power Monitoring estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030.
Hardware, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Software segment is estimated at 4.2% CAGR for the next 8-year period.
The historical sales data for the years 2014 through 2021 are also included, along with their respective % CAGR. A 16-year perspective (2014, 2023, and 2030) is provided, showing the percentage breakdown of value sales for each geographic region. Furthermore, the analysis delves into different product segments, such as Hardware, Software, and Services, for the specified regions.
Each product segment is examined in terms of annual sales and % CAGR for the mentioned years. Lastly, the market analysis concludes with the overall Power Monitoring market's annual sales data in US$ Thousand for the years 2014 through 2030.
The U.S. Market is Estimated at $920.8 Million, While China is Forecast to Grow at 7.2% CAGR
The Power Monitoring market in the U.S. is estimated at US$920.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$536.1 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.
This report also provides an overview of the global Power Monitoring market, categorized by geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa. It presents recent, current, and future sales data in US$ Thousand for the years 2022 through 2030, accompanied by the corresponding percentage compound annual growth rates (% CAGR).
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
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
- World Power Monitoring Products & Services Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
- 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
- World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
- Global Purchasing Managers' Index (PMI) Points for the Years 2018 through 2020
- Competitive Scenario: A Fragmented Marketplace
- Power Monitoring - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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
- 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
- Energy Use Efficiency & Wastages in the U.S. (In Quadrillion British Thermal Units)
- Emphasis on Curbing Carbon Emissions Accelerates Deployments
- Price of Carbon Emission in US$ per Metric Ton of CO2-Equivalent by Select Countries: 2019
- 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
- Top 10 Countries in Terms of Manufacturing Output: 2018
- Industry 4.0 to Steer Next Wave of Growth
- Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2019, 2021, and 2023
- Sustained Opportunities in Utilities & Renewable Energy Sectors
- Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
- Electricity Consumption in Trillion kWh by Region for the Years 2010, 2012, 2014, 2016 and 2018
- 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
- 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
- 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
- Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
- 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
- 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
FOCUS ON SELECT PLAYERS(Total 66 Featured)
- 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)
For more information about this report visit https://www.researchandmarkets.com/r/wez86l
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