HOME Press Releases Power Monitoring Market worth 4.57 Billion USD by 2022



Power Monitoring Market worth 4.57 Billion USD by 2022


The report "Power Monitoring Market by Component (Hardware, Software, and Services), End-User (Manufacturing & Process Industry, Datacenters, Utilities & Renewables, Public Infrastructure, and Electric Vehicle Charging Stations), and Region - Global Forecast to 2022", The power monitoring market is expected to grow from an estimated value of USD 3.46 Billion in 2017 to USD 4.57 Billion by 2022, at a CAGR of 5.76%, from 2017 to 2022. The global market is set to witness a significant growth due to increasing investments in smart grids and the renewable sector and increasing focus on efficient utilization of resources.

                                     Request Sample                                      Request Sample

Browse 62 Market Data Tables and 56 Figures spread through 152 Pages and in-depth TOC on "Power Monitoring Market by Component (Hardware, Software, and Services), End-User (Manufacturing & Process Industry, Datacenters, Utilities & Renewables, Public Infrastructure, and Electric Vehicle Charging Stations), and Region - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/power-monitoring-market-197503460.html
Early buyers will receive 10% customization on reports.

The hardware segment is expected to hold the largest share of the power monitoring market, by component, during the forecast period

The hardware segment includes metering and communication devices and measurement devices, such as, digital meters, power meters, smart meters, communication networks, power quality analyzers, loggers, recorders, sensors, current transformers, and voltage transformers. The segment is expected to hold the major share due to the smart meter rollout plans and increasing investments in smart grids in regions, such as Asia-Pacific and North America. The market in North America is the largest market for the hardware segment because of investments in the transmission and distribution sector, increasing demand for reliable power, and growth in electric vehicles. All these factors are expected to boost the hardware segment in the power monitoring market.

The datacenters segment is expected to be the fastest growing end-user segment of the power monitoring market

The datacenters segment is expected to be the fastest growing power monitoring market from 2017 to 2022 due to the growth in digitization, the growth of IT hubs, and use of data-centric industrial processes worldwide. Moreover, datacenters are dynamic in nature as they are driven by new technologies in the IT sector and constantly changing data requirements. The 24*7 uptime of the datacenter is expected to require the entire system to work with reliable and uninterrupted power supply.  All these factors are expected to drive the growth of the datacenters segment of the power monitoring market in the coming years.

Asia-Pacific: The fastest growing market for power monitoring

In this report, the power monitoring market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The market in Asia-Pacific is expected to be the fastest growing global power monitoring market due to the growing industrialization and urbanization and increasing electricity demand in the region. The Chinese market is expected to dominate the power monitoring market in the Asia-Pacific region. Power monitoring markets in countries, such as India, Japan, and China are expected to grow at high rates. Increasing renewable power generation and industrialization projects in these countries are the main reasons spurring the growth of the power monitoring market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the power monitoring market. These include Schneider Electric SE (France), Eaton Corporation plc (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports