According to a research report "Circuit Monitoring Market by Type (Modular Circuit Monitoring, Others (Branch Circuit & Multi Circuit)), End Use (Commercial, Industrial, Data Centers), & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2028" published by MarketsandMarkets, the global circuit monitoring market is projected to reach USD 829 million by 2028 from an estimated USD 659 million in 2023, at a CAGR of 4.7% during the forecast period. Rising concern overpower stability for uninterrupted business operation, huge investments, along with enforcement of stringent standards, to reduce carbon footprint in data centers, and increasing number of data centers are the factors driving the circuit monitoring market.
Browse 162 market data Tables and 45 Figures spread through 169 Pages and in-depth TOC on "Circuit Monitoring Market by Type (Modular Circuit Monitoring, Others (Branch Circuit & Multi Circuit)), End Use (Commercial, Industrial, Data Centers), & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/circuit-monitoring-market-196253590.html
The Industrial segment, by end user, is expected to be the second fastest growing segment during the forecast period
This report segments the circuit monitoring market based on end users into four segments: data centers, commercial, industrial, and residential. The industrial segment is expected to be the second fastest growing segment during the forecast period. Maximizing machine uptime, increased efficiency and lower costs are the features driving the indusrtial segment for circuit monitoring market.
The others segment, by type, is expected to be the largest market during the forecast period.
This report segments the circuit monitoring market based on type into two types: Modular circuit monitoring, and others. The others segment is expected to be the largest market during the forecast period. The others segment include branch circuit monitoring, and multi circuit monitoring. Both multi-circuit monitors and branch circuit monitors are compact and, hence, use lesser space as compared to traditional single-circuit energy meters. These are used by industries, data centers, and commercial and residential end users
Europe is expected to be the second largest region in the circuit monitoring market
Europe is expected to be the second largest circuit monitoring market during the forecast period. Commercial data center market is expanding at an unprecedented speed across Europe. The UK set Euro 400 million fast-track for government data centers for government offices and commercial sectors, also countries in this region are focusing on developing cloud technology and infrastructure. For instance, Emerson (US) rapidly deployed one of the t-systems' largest modular data centers in Europe to maximize the availability, capacity, and efficiency of critical infrastructure. These factors are expected to fuel the growth of the circuit monitoring market in the region.
Some of the major players in the circuit monitoring market are ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Toshiba International Corporation (Japan), and Legrand (Ireland). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
Don’t miss out on business opportunities in Circuit Monitoring Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441