HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: EP 5516

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The global power monitoring market was USD 3.29 Billion in 2016 and is expected to grow at a CAGR of 5.76%, from 2017 to 2022. The increasing focus on efficient utilization of power resources, increasing attention to reduce energy costs, and maximizing the reliability of electrical infrastructure are the major factors driving the power monitoring market.

The years considered for the study are as follows:  

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

The base year 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, segment, and forecast the global power monitoring market on the basis of component, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the power monitoring market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the power monitoring market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To benchmark players within the market using the proprietary competitive leadership mapping, which analyzes market players on various parameters within broad categories of business and product strategies
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the power monitoring market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva, have been used to identify and collect information useful for a technical, market-oriented, and commercial study of the global power monitoring market. The primary sources include several key industry participants, subject matter experts, C-level executives of major market players, industry consultants, academic and scientific research professionals, and organizations related to all the segments of the industry’s value chain.  The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players that provide power monitoring systems
  • Analyses of major end-users and applications of power monitoring systems
  • Assessment of future trends and growth of the power monitoring market on the basis of investments in smart grid technologies
  • Study of the market trends in various regions and countries based on components of power monitoring systems
  • Study of the contracts and developments related to the power monitoring market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies manufacturing motor control centers 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 on the basis of company type, designation, and region.

Power Monitoring Market

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

Market Ecosystem:

Power Monitoring Market

The ecosystem of the global power monitoring market starts with component suppliers who provide hardware and software. The hardware components of power monitoring systems are metering and communication devices and measurement devices. The enablers are the ones who are directly responsible for the implementation of power monitoring system in a manufacturing facility. The enablers include solution providers who deliver the entire power monitoring system and possess the capability to supply either hardware or software or both directly to the end-users. These devices are then distributed to end-users, such as manufacturing and process industries, datacenters, utilities and renewables, public infrastructure, and electric vehicle charging stations.

Target Audience:

The report’s target audience includes:

  • Power monitoring system manufacturers and suppliers
  • Standard and smart meter manufacturers and suppliers
  • Power monitoring software providers
  • Communication network providers
  • Consulting companies in the power sector
  • Manufacturing and process industries
  • Public and private utilities
  • Government and power research organizations

Scope of the Report:

  • By Component
    • Hardware
      • Metering and Communication Devices
      • Measurement Devices
    • Software
    • Services
  • By End-User
    • Manufacturing and Process Industry
    • Datacenters
    • Utilities and Renewables
    • Public Infrastructure
    • Electric Vehicle Charging Stations
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • Middle East & Africa
    • South America

Available Customizations:

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

Company Information

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

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 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    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 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Power Monitoring Market, By Region
    4.2 Power Monitoring Market, By Component
    4.3 Power Monitoring Market, By Hardware Component
    4.4 Power Monitoring Market, By End-User
    4.5 North America Power Monitoring Market

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Focus on Efficient Utilization of Power Resources
                    5.2.1.2 Growing Attention to Reduce Energy Cost
                    5.2.1.3 Maximizing the Reliability of Electrical Infrastructure
           5.2.2 Restraints
                    5.2.2.1 High Cost of High-End Monitoring Devices
           5.2.3 Opportunities
                    5.2.3.1 Increasing Adoption of Smart Grid Technologies
                    5.2.3.2 Growing Urbanization and Industrialization
           5.2.4 Challenges
                    5.2.4.1 Availability of Alternatives Such as Energy Management System
                    5.2.4.2 Lack of Compatibility With Existing Components
    5.3 Supply Chain Analysis
           5.3.1 Suppliers
           5.3.2 Enablers
           5.3.3 End-Users

6 Power Monitoring Market, By Component (Page No. - 40)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Metering and Communication Devices
           6.2.2 Measurement Devices
    6.3 Software
    6.4 Services

7 Power Monitoring Market, By End-User (Page No. - 47)
    7.1 Introduction
    7.2 Manufacturing and Process Industry
    7.3 Datacenters
    7.4 Utilites and Renewables
    7.5 Public Infrastructure
    7.6 Electric Vehicles Charging Stations

8 Power Monitoring Market, By Region (Page No. - 55)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Germany
           8.3.2 U.K.
           8.3.3 France
           8.3.4 Italy
           8.3.5 Spain
           8.3.6 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Japan
           8.4.3 South Korea
           8.4.4 India
           8.4.5 Rest of Asia-Pacific
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 U.A.E.
           8.5.3 South Africa
           8.5.4 Algeria
           8.5.5 Qatar
           8.5.6 Rest of the Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 93)
    9.1 Overview
    9.2 Market Ranking, Power Monitoring Market, 2016
    9.3 Power Monitoring Market (Global): Competitive Leadership Mapping, 2017
           9.3.1 Visionary Leaders
           9.3.2 Innovators
           9.3.3 Dynamic Differentiators
           9.3.4 Emerging Companies
    9.4 Strength of Product Portfolio (25 Players)
    9.5 Business Strategy Excellence (25 Players)

10 Company Profiles (Page No. - 100)
(Overview, Strength of Product Portfolio , Business Strategy Excellence , Products Offering, Recent Development’s, Business Strategy)*
     10.1 ABB Ltd
     10.2 Eaton Corporation PLC
     10.3 Emerson Electric Co.
     10.4 Fluke Corporation
     10.5 Fuji Electric FA Components & Systems Co., Ltd.
     10.6 General Electric Company
     10.7 Littelfuse, Inc.
     10.8 Mitsubishi Electric Corporation
     10.9 Omron Corporation
     10.10 Rockwell Automation, Inc.
     10.11 Schneider Electric SE
     10.12 Siemens AG
     10.13 Yokogawa Electric Corporation

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, Recent Development’s, Business Strategy Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 145)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (62 Tables)

Table 1 Global Power Monitoring Market Snapshot
Table 2 Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 3 Hardware: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 4 Hardware: Power Monitoring Market Size, By Component, 2015–2022 (USD Million) )
Table 5 Metering and Communication Devices: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 6 Measurement Devices: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 7 Software: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 8 Services: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 9 Power Monitoring Market Size, By End–User, 2015–2022 (USD Million)
Table 10 Manufacturing and Process Industry: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 11 Datacenters: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 12 Utilities and Renewables: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 13 Public Infrastructure: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 14 Electric Vehicle Charging Stations: Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 15 Power Monitoring Market Size, By Region, 2015–2022 (USD Million)
Table 16 Top Five Largest Power Monitoring Markets, By Country, 2015–2022 (USD Million)
Table 17 Top Five Fastest Growing Power Monitoring Markets, By Country, 2015–2022 (USD Million)
Table 18 Top Five Largest Power Monitoring Markets, By Hardware Component, 2015–2022 (USD Million)
Table 19 North America: Power Monitoring Market Size, By Country, 2015–2022 (USD Million)
Table 20 North America: By Size, By Component, 2015–2022 (USD Million)
Table 21 North America: By Market Size, By Hardware Component, 2015–2022 (USD Million)
Table 22 North America: By Market Size, By End-User, 2015–2022 (USD Million)
Table 23 U.S.: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 24 Canada: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 25 Mexico: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 26 Europe: Power Monitoring Market Size, By Country, 2015–2022 (USD Million)
Table 27 Europe: By Market Size, By Component, 2015–2022 (USD Million)
Table 28 Europe: By Market Size, By Hardware Component, 2015–2022 (USD Million)
Table 29 Europe: By Market Size, By End-User, 2015–2022 (USD Million)
Table 30 Germany: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 31 U.K.: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 32 France: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 33 Italy: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 34 Spain: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 35 Rest of Europe: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 36 Asia-Pacific: Power Monitoring Market Size, By Country, 2015–2022 (USD Million)
Table 37 Asia-Pacific: By Market Size, By Component, 2015–2022 (USD Million)
Table 38 Asia-Pacific: By Market Size, By Hardware Component, 2015–2022 (USD Million)
Table 39 Asia-Pacific: By Market Size, By End-User, 2015–2022 (USD Million)
Table 40 China: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 41 Japan: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 42 South Korea: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 43 India: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 44 Rest of Asia-Pacific: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 45 Middle East & Africa: Power Monitoring Market Size, By Country, 2015–2022 (USD Million)
Table 46 Middle East & Africa: By Market Size, By Component, 2015–2022 (USD Million)
Table 47 Middle East & Africa: By Market Size, By Hardware Component, 2015–2022 (USD Million)
Table 48 Middle East & Africa: By Market Size, By End-User, 2015–2022 (USD Million)
Table 49 Saudi Arabia: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 50 U.A.E.: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 51 South Africa: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 52 Algeria: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 53 Qatar: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 54 The Rest of the Middle East & Africa: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 55 South America: Power Monitoring Market Size, By Country, 2015–2022 (USD Million)
Table 56 South America: By Market Size, By Component, 2015–2022 (USD Million)
Table 57 South America: By Market Size, By Hardware Component, 2015–2022 (USD Million)
Table 58 South America: By Market Size, By End-User, 2015–2022 (USD Million)
Table 59 Brazil: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 60 Argentina: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 61 The Rest of South America: Power Monitoring Market Size, By Component, 2015–2022 (USD Million)
Table 62 Market Ranking, 2016


List of Figures (56 Figures)

Figure 1 Power Monitoring Market Segmentation
Figure 2 Power Monitoring Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 North America is Estimated to Hold the Largest Share in the Power Monitoring Market in 2017
Figure 8 Hardware Segment is Expected to Dominate the Power Monitoring Market By 2022
Figure 9 Metering and Communication Devices Segment is Expected to Grow at A Higher CAGR in Hardware Segment During the Forecast Period
Figure 10 Manufacturing and Process Industry Segment is Expected to Dominate the Power Monitoring Market During the Forecast Period
Figure 11 Attractive Opportunities in the Power Monitoring Market, 2017–2022
Figure 12 Asia-Pacific Market is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 13 The Hardware Component is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 14 The Metering and Communication Devices Subsegment is Expected to Dominate the Power Monitoring Market in 2017
Figure 15 Datacenters Segment is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 16 The U.S. Accounted for the Largest Share of the North American Power Monitoring Market in 2016
Figure 17 Increasing Focus on Efficient Utilization of Power Resources to Drive the Power Monitoring Market
Figure 18 Growing Urbanization Trend, 1950–2050
Figure 19 Supply Chain Analysis: Power Monitoring Market
Figure 20 Hardware is Expected to Be the Fastest Growing Segment in the Power Monitoring Market During the Forecast Period
Figure 21 Asia-Pacific: the Fastest Growing Region in the Power Monitoring Market, By Hardware, 2017–2022
Figure 22 North America is Projected to Dominate the Power Monitoring Market, By Software, 2017–2022
Figure 23 Manufacturing & Process Industry Segment is Expected to Be the Largest Market for Power Monitoring During the Forecast Period
Figure 24 Manufacturing and Process Industry Segment, By Region, 2017–2022 (USD Million)
Figure 25 Datacenters Segment, By Region, 2017–2022 (USD Million)
Figure 26 Utilities and Renewables Segment, By Region, 2017
Figure 27 Regional Snapshot: Power Monitoring Market (2017–2022)
Figure 28 North America: the Largest Power Monitoring Market, 2017–2022
Figure 29 North America: Market Snapshot
Figure 30 Hardware: the Fastest Growing Component Segment in the U.S. During the Forecast Period
Figure 31 Europe: Market Snapshot
Figure 32 Germany: the Largest Power Monitoring Market in Europe in 2016
Figure 33 Germany: Power Monitoring Market, By Component, 2017–2022
Figure 34 U.K.: Power Monitoring Market, By Component, 2017–2022
Figure 35 China: Power Monitoring Market, By Component, 2017–2022
Figure 36 Japan: Power Monitoring Market, By Component, 2017–2022
Figure 37 Saudi Arabia: the Fastest Growing Power Monitoring Market in the Middle East & Africa Region From 2017 to 2022
Figure 38 Saudi Arabia: Power Monitoring Market, By Component, 2017 & 2022
Figure 39 U.A.E.: Power Monitoring Market, By Component, 2017–2022
Figure 40 South America: Power Monitoring Market, By Country, 2017
Figure 41 Brazil: Power Monitoring Market, By Component, 2017–2022
Figure 42 Companies Adopted New Product Developments as the Key Growth Strategy, 2013–2017
Figure 43 Market Evaluation Framework, 2013–2017
Figure 44 Battle for Market Share (2013–2017): New Product Launches Was the Key Strategy Adopted By Major Players
Figure 45 Competitive Leadership Mapping
Figure 46 ABB Ltd: Company Snapshot
Figure 47 Eaton Corporation PLC: Company Snapshot
Figure 48 Emerson Electric Co.: Company Snapshot
Figure 49 General Electric Company: Company Snapshot
Figure 50 Littelfuse, Inc.: Company Snapshot
Figure 51 Mitsubishi Electric Corporation: Company Snapshot
Figure 52 Omron Corporation: Company Snapshot
Figure 53 Rockwell Automation, Inc.: Company Snapshot
Figure 54 Schneider Electric SE: Company Snapshot
Figure 55 Siemens AG: Company Snapshot
Figure 56 Yokogawa Electric Corporation: Company Snapshot

The global power monitoring market is projected to grow at a CAGR of 5.76% from 2017 to 2022, to reach a market size of USD 4.57 Billion by 2022. This growth is attributed to the efficient utilization of power resources, increasing electricity prices, and maximizing reliability of electrical infrastructure. The increasing requirement of reliable power supply and replacement of existing infrastructure would also boost the demand for power monitoring systems.

The power monitoring market is segmented by component into hardware, software, and services. The hardware segment accounted for the largest market size in 2016 due to the increasing deployment of smart meters and standard meters globally. The hardware segment is expected to grow at the highest CAGR from 2017 to 2022, owing to increasing smart grid investments and energy efficiency targets globally. The hardware segment is further sub-segmented into metering and communication and measurement devices. The metering and communication devices segment is projected to dominate the hardware market and is expected to grow at the fastest rate during the forecast period. This growth is attributed to smart meter roll out plans and increasing demand for reliable power supply globally.

The report segments the power monitoring market by end-user into manufacturing and process industry, datacenters, utilities and renewables, public infrastructures, and electric vehicle charging stations. The manufacturing and process industry segment accounted for the largest market share in 2016. Power monitoring systems are used in manufacturing and process industries for delivering reliable power supply and to increase the plant uptime. The manufacturing and process segment includes cement, pharmaceutical, semiconductors, metals and mining, water and wastewater, automotive, oil & gas, and food and beverages. The datacenters segment is expected to grow at the highest CAGR from 2017 to 2022, owing to increasing investments in IT hubs in North America and Asia-Pacific.

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. North America is projected to dominate the global power monitoring market by 2022, owing to smart grid investment and aging T&D infrastructure in the region. The market in Asia-Pacific is expected to grow at the highest CAGR from 2017 to 2022. This growth is attributed to growing industrialization and urbanization and rising renewable power generation capacity in the region. Countries, such as India, Japan, and China are driving the power monitoring market in the Asia-Pacific region.  The infrastructural developments and investments in the water and wastewater industry in the Middle East & Africa are expected to drive the power monitoring market in the region.

Power Monitoring Market

Two types of power monitoring systems are low- and high-end. Low-end monitoring devices provide basic measurements, such as, current, power factor, energy use, and voltage. High-end monitoring devices have features, such as, disturbance detection and location, harmonic distortion analysis, high-speed transient detection, automated alarm configuration, flicker detection and location, and anti-aliasing. High-end monitoring devices, such as data loggers, power quality analyzers, and data recorders are costly and have more installation cost than low-end monitoring devices. The high-end monitoring devices are more complex and expensive than low-end monitoring devices. The capital intensive nature of high-end monitoring devices could act as a restraint for the growth of the power monitoring market.

Leading players in the power monitoring market include Schneider Electric SE (France), Eaton Corporation plc (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.). New product developments was the strategy most commonly adopted by top players in the market from 2013 to June 2017. It was followed by mergers & acquisitions, expansions, and contracts & agreements.

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

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

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


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Transmission and Distribution Markets on KnowledgeStore
Request Demo