Power Management System Market

Power Management System Market by Type (Hardware, Software, Services), Module (Power Monitoring, Load Shedding, Power Simulator, Generator Controls), End-User (Oil & Gas, Marine, Metals & Mining, Data Centers), and Region - Global Forecast to 2022

Report Code: EP 5881 Jan, 2018, by marketsandmarkets.com

[159 Pages Report] The global power management system market was valued at USD 3.53 Billion in 2016 and is projected to reach USD 5.26 Billion by 2022, growing at a CAGR of 6.88%, during the forecast period. The increasing demand for energy efficiency in the manufacturing sector, increasing installation of renewables in the industry, and rising adoption of IoT and cloud-based platforms are driving the power management system market globally.

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017 to 2022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the power management system by module, type, end-user, and region
  • To provide a detailed information regarding the major factors influencing the growth of the power management system market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with respect to individual growth trends, future projections, and the contribution of each segment to the market
  • To track and analyze competitive developments such as contracts & agreements, new product launches, investments and expansions, mergers & acquisitions, and partnerships and collaborations in the market
  • To profile key players and comprehensively analyze their market ranking and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the power management system. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of the annual revenue and market developments of major players that provide power management systems
  • Assessment of future trends and growth of end-users
  • Assessment of the power management system with respect to the type of module used by different end-users
  • Study of contracts and other developments related to the power management system market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies offering power management systems across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study, based on company type, designation, and region.

Power Management System Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

Power Management System Market

The ecosystem of the power management system market comprises companies such as ABB (Switzerland), Eaton (Ireland), Siemens (Germany), GE (US), ETAP (US), Wartsila (Finland), and Rockwell Automation (Japan).

Target Audience:

The report’s target audience includes:

  • Power management system companies
  • Power system hardware providers
  • Engineering, procurement, and construction companies in the transmission and distribution sector
  • Government and research organizations
  • Investment banks
  • Manufacturing companies
  • Oil & gas companies

Scope of the Report:

  • By Type
    • Hardware
    • Software
    • Services
  • By Module
    • Power Monitoring and Control
    • Load Shedding and Management
    • Energy Cost Accounting
    • Switching and Safety Management
    • Power Simulator
    • Generator Controls
    • Data Historian
    • Others
  • By End-User
    • Oil & Gas
    • Marine
    • Chemicals and Pharmaceuticals
    • Paper and Pulp
    • Metals and Mining
    • Utilities
    • Data Centers
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • South America
    • Middle East
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analyses

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

The global power management system market is estimated to be USD 3.77 Billion in 2017 and is projected to reach USD 5.26 Billion by 2022, growing at a CAGR of 6.88%, from 2017 to 2022. The increasing demand for energy efficiency in the manufacturing sector, rising installation of renewables in the industry, and rising adoption of IoT and cloud-based platforms are driving the market for power management systems globally.

The power management system has been segmented based on type into hardware, software, and services. The software segment is expected to be the largest due to the upgradation of existing software to the latest versions and upcoming technologies.

The power management system has been segmented based on module into power monitoring and control, load shedding and management, energy cost accounting, switching and safety management, power simulators, generator controls, data historian, and others. The others segment includes fuel consumption monitoring, alarms and annunciators, and consoles. The power monitoring and control module segment is estimated to hold the largest share of the market during the forecast period. The growth in the manufacturing sector in economies such as China and India and the growth in the oil & gas sector in North America are expected to boost the demand for power monitoring and control modules during the forecast period.

The power management system market has been segmented, by end-user, into oil & gas, marine, chemicals and pharmaceuticals, paper and pulp, metals and mining, utilities, data centers, and others. The others segment includes food & beverage, infrastructure, heavy engineering and automotive, and railway. The marine segment is estimated to hold the largest market share by 2022. The increase in the shipbuilding industry in the Asia Pacific region and Europe is expected to boost the market for this segment during the forecast period.

Power Management System Market

The power management system market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Asia Pacific is expected to dominate the power management system during the forecast period. The increase in the manufacturing sector along with other industries such as metals and mining and data centers is the key factor driving the power management system market in the Asia Pacific region.

The major factor restraining the growth of the market is the risk to data security. Increasing occurrence of viruses and cyber-attacks is leading to security concerns. Valuable information can be stolen by malicious viruses in computer systems, which can cause a major loss to industries.

Some of the leading players in the power management system market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), GE (US), ETAP (US), Wartsila (Finland), and Mitsubishi (Japan). Contracts & agreements was the most commonly adopted strategy by top players in the market from 2014 to 2017. It was followed by new product developments, investments and expansions, and mergers & acquisitions.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Power Management System Market
    4.2 Asia Pacific Power Management System, By End-User & Country
    4.3 Power Management System, By Type
    4.4 Power Management System, By Module
    4.5 Power Management System, By End-User
    4.6 Power Management System, By Country

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
    5.3 Drivers
           5.3.1 Increasing Demand for Energy Efficiency
           5.3.2 Rising Installation of Renewable in Industry
           5.3.3 Rising Adoption of IoT and Cloud-Based Platforms
    5.4 Restraints
           5.4.1 Risk to Data Security
    5.5 Opportunities
           5.5.1 Rise in Distributed Power Generation
           5.5.2 Growth in Oil & Gas Sector in North America and Increase in Offshore Support Vessels
    5.6 Challenges
           5.6.1 Lack of Compatibility With Legacy Power Networks & Equipment

6 Power Management System Market, By Type (Page No. - 41)
    6.1 Introduction
    6.2 Hardware
    6.3 Software
    6.4 Services

7 Power Management System Market, By Module (Page No. - 45)
    7.1 Introduction
    7.2 Power Monitoring & Control
    7.3 Load Shedding & Management
    7.4 Energy Cost Accounting
    7.5 Switching & Safety Management
    7.6 Power Simulator
    7.7 Generator Controls
    7.8 Data Historian
    7.9 Others

8 Power Management System Market, By End-User (Page No. - 55)
    8.1 Introduction
    8.2 Oil & Gas
    8.3 Marine
    8.4 Chemicals & Pharmaceuticals
    8.5 Paper & Pulp
    8.6 Metal & Mining
    8.7 Utilities
    8.8 Data Centers
    8.9 Others

9 Power Management System Market, By Region (Page No. - 63)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 By Type
           9.2.2 By End-User
           9.2.3 By Country
                    9.2.3.1 China
                    9.2.3.2 Japan
                    9.2.3.3 India
                    9.2.3.4 South Korea
                    9.2.3.5 Rest of Asia Pacific
    9.3 North America
           9.3.1 By Type
           9.3.2 By End-User
           9.3.3 By Country
                    9.3.3.1 US
                    9.3.3.2 Mexico
                    9.3.3.3 Canada
    9.4 Europe
           9.4.1 By Type
           9.4.2 By End-User
           9.4.3 By Country
                    9.4.3.1 Russia
                    9.4.3.2 UK
                    9.4.3.3 Germany
                    9.4.3.4 France
                    9.4.3.5 Norway
                    9.4.3.6 Rest of Europe
    9.5 Middle East
           9.5.1 By Type
           9.5.2 By End-User
           9.5.3 By Country
                    9.5.3.1 Saudi Arabia
                    9.5.3.2 UAE
                    9.5.3.3 Qatar
                    9.5.3.4 Kuwait
                    9.5.3.5 Rest of the Middle East
    9.6 South America
           9.6.1 By Type
           9.6.2 By End-User
           9.6.3 By Country
                    9.6.3.1 Brazil
                    9.6.3.2 Colombia
                    9.6.3.3 Argentina
                    9.6.3.4 Rest of South America
    9.7 Africa
           9.7.1 By Type
           9.7.2 By End-User
           9.7.3 By Country
                    9.7.3.1 South Africa
                    9.7.3.2 Nigeria
                    9.7.3.3 Egypt
                    9.7.3.4 Rest of Africa

10 Competitive Landscape (Page No. - 97)
     10.1 Introduction
     10.2 Ranking of Players & Market Structure, 2016
     10.3 Competitive Scenario
             10.3.1 Contracts & Agreements
             10.3.2 New Product Launches
             10.3.3 Investments and Expansions
             10.3.4 Mergers & Acquisitions
             10.3.5 Partnerships and Collaborations

11 Company Profiles (Page No. - 102)
(Business Overview, Services Offered, Recent Developments, MnM View, Key Strategies)*
     11.1 Benchmarking
     11.2 ABB
     11.3 GE
     11.4 Siemens
     11.5 Eaton
     11.6 Etap
     11.7 Schneider Electric
     11.8 Emerson
     11.9 Mitsubishi Electric
     11.10 Rockwell Automation
     11.11 Honeywell
     11.12 Fuji Electric
     11.13 L&T
     11.14 Yokogawa
     11.15 Wartsila
     11.16 Cpower
     11.17 Brush

*Details on Business Overview, Services Offered, Recent Developments, MnM View, Key Strategies, Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 151)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (77 Tables)

Table 1 Power Management System Market Snapshot
Table 2 Global Minimum Energy Performance Standards
Table 3 Global Weighted Average Solar Investment Costs, 2015 & 2025
Table 4 Market, By Type, 2015–2022 (USD Million)
Table 5 Hardware: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Software: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Power Management System Market, By Module, 2015–2022 (USD Million)
Table 9 Power Monitoring & Control: Market, By End-User, 2015–2022 (USD Million)
Table 10 Load Shedding & Management: Market, By End-User, 2015–2022 (USD Million)
Table 11 Energy Cost Accounting: Market, By End-User, 2015–2022 (USD Million)
Table 12 Switching & Safety Management: Market, By End-User, 2015–2022 (USD Million)
Table 13 Power Simulator: Market, By End-User, 2015–2022 (USD Million)
Table 14 Generator Controls: Market, By End-User, 2015–2022 (USD Million)
Table 15 Data Historian: Market, By End-User, 2015–2022 (USD Million)
Table 16 Others: Market, By End-User, 2015–2022 (USD Million)
Table 17 Power Management System Market, By End-User, 2015–2022 (USD Million)
Table 18 Oil & Gas: Market, By Region, 2015–2022 (USD Million)
Table 19 Marine: Market, By Region, 2015–2022 (USD Million)
Table 20 Chemicals & Pharmaceuticals: Market, By Region, 2015–2022 (USD Million)
Table 21 Paper & Pulp: Market, By Region, 2015–2022 (USD Million)
Table 22 Metal & Mining: Market, By Region, 2015–2022 (USD Million)
Table 23 Utilities: Market, By Region, 2015–2022 (USD Million)
Table 24 Data Centers: Market, By Region, 2015–2022 (USD Million)
Table 25 Others: Market, By Region, 2015–2022 (USD Million)
Table 26 Market Size, By Region, 2015–2022 (USD Million)
Table 27 Asia Pacific: Power Management System Market Size, By Type, 2015–2022 (USD Million)
Table 28 Asia Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 29 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 30 China: Market, By Type, 2015–2022 (USD Million)
Table 31 Japan: Market, By Type, 2015–2022 (USD Million)
Table 32 India: Market, By Type, 2015–2022 (USD Million)
Table 33 South Korea: Market, By Type, 2015–2022 (USD Million)
Table 34 Rest of Asia Pacific: Market, By Type, 2015–2022 (USD Million)
Table 35 North America: Power Management System Market Size, By Type, 2015–2022 (USD Million)
Table 36 North America: Market Size, By End-User, 2015–2022 (USD Million)
Table 37 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 38 US: Market, By Type, 2015–2022 (USD Million)
Table 39 Mexico: Market, By Type, 2015–2022 (USD Million)
Table 40 Canada: Market, By Type, 2015–2022 (USD Million)
Table 41 Europe: Power Management System Market Size, By Type, 2015–2022 (USD Million)
Table 42 Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 43 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 44 Russia: Market, By Type, 2015–2022 (USD Million)
Table 45 UK: Market, By Type, 2015–2022 (USD Million)
Table 46 Germany: Market, By Type, 2015–2022 (USD Million)
Table 47 France: Market, By Type, 2015–2022 (USD Million)
Table 48 Norway: Market, By Type, 2015–2022 (USD Million)
Table 49 Rest of Europe: Market, By Type, 2015–2022 (USD Million)
Table 50 Middle East: Power Management System Market Size, By Type, 2015–2022 (USD Million)
Table 51 Middle East: Market Size, By End-User, 2015–2022 (USD Million)
Table 52 Middle East: Market Size, By Country, 2015–2022 (USD Million)
Table 53 Saudi Arabia: Market, By Type, 2015–2022 (USD Million)
Table 54 UAE: Market, By Type, 2015–2022 (USD Million)
Table 55 Qatar: Market, By Type, 2015–2022 (USD Million)
Table 56 Kuwait: Market, By Type, 2015–2022 (USD Million)
Table 57 Rest of the Middle East: Market, By Type, 2015–2022 (USD Million)
Table 58 South America: Power Management System Market Size, By Type, 2015–2022 (USD Million)
Table 59 South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 60 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 61 Brazil: Market, By Type, 2015–2022 (USD Million)
Table 62 Colombia: Market, By Type, 2015–2022 (USD Million)
Table 63 Argentina: Market, By Type, 2015–2022 (USD Million)
Table 64 Rest of South America: Market, By Type, 2015–2022 (USD Million)
Table 65 Africa: Power Management System Market Size, By Type, 2015–2022 (USD Million)
Table 66 Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 67 Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 68 South Africa: Market, By Type, 2015–2022 (USD Million)
Table 69 Nigeria: Market, By Type, 2015–2022 (USD Million)
Table 70 Egypt: Market, By Type, 2015–2022 (USD Million)
Table 71 Rest of Africa: Market, By Type, 2015–2022 (USD Million)
Table 72 Market Developments Between 2014 & 2017
Table 73 Contracts & Agreements, 2015–2017
Table 74 New Product Launches, 2014–2017
Table 75 Investments and Expansions, 2015–2017
Table 76 Mergers & Acquisitions, 2015–2017
Table 77 Partnerships and Collaborations, 2015–2016


List of Figures (46 Figures)

Figure 1 Markets Covered: Power Management System Market
Figure 2 Power Management System: Regional Scope
Figure 3 Power Management System: Research Design
Figure 4 Breakdown of Primaries Interview: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Asia Pacific Dominated the Power Management Systemin 2016
Figure 8 The Software Segment is Expected to Dominate the Power Management System During the Forecast Period
Figure 9 Marine Industry Dominated the Power Management System By End-User in 2016
Figure 10 The Power Monitoring & Control Segment is Expected to Dominate the Power Management System During the Forecast Period
Figure 11 Rise in Installation of Renewable Energy Sources is Expected to Drive the Power Management System Market During the Forecast Period
Figure 12 The Software Segment is Estimated to Lead the Power Management System in Asia Pacific
Figure 13 The Software Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 14 The Power Monitoring and Control Segment is Estimated to Lead the Power Management System Market During the Forecast Period
Figure 15 The Marine Segment is Estimated to Lead the Power Management System Market During the Forecast Period
Figure 16 US, India, and China are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Power Management System Market: Drivers, Restraints, Opportunities & Challenges
Figure 18 Corporate Networks are Highly Prone to Cyber-Attacks
Figure 19 The Software Segment Dominated the Power Management System in 2016
Figure 20 The Power Monitoring & Control Segment Led the Power Management System in 2016
Figure 21 Marine Led the Power Management System in 2016
Figure 22 Asia Pacific is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 23 The Asia Pacific Led the Power Management System in 2016
Figure 24 Asia Pacific: Market Snapshot
Figure 25 China: Power Management System Market, By Type, 2017–2022
Figure 26 North America: Market Snapshot
Figure 27 US: Power Management System Market, By Type, 2017–2022
Figure 28 Russia: Power Management System, By Type, 2017–2022
Figure 29 Saudi Arabia: Power Management System, By Type, 2017–2022
Figure 30 Brazil: Power Management System, By Type, 2017–2022
Figure 31 South Africa: Power Management System, By Type, 2017–2022
Figure 32 Key Developments in the Power Management System, 2014–2017
Figure 33 ABB Led the Market for Power Management Systems in 2016
Figure 34 ABB: Company Snapshot
Figure 35 GE: Company Snapshot
Figure 36 Siemens: Company Snapshot
Figure 37 Eaton: Company Snapshot
Figure 38 Schneider Electric: Company Snapshot
Figure 39 Emerson: Company Snapshot
Figure 40 Mitsubishi Electric: Company Snapshot
Figure 41 Rockwell: Company Snapshot
Figure 42 Honeywell: Company Snapshot
Figure 43 Fuji Electric: Company Snapshot
Figure 44 L&T: Company Snapshot
Figure 45 Yokogawa: Company Snapshot
Figure 46 Wartsila: Company Snapshot


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