ABB (Switzerland), Schneider Electric (France) and Eaton (Ireland) are leading players in Circuit Monitoring Market
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. Factors such as huge investments, along with enforcement of stringent standards, to reduce carbon footprint in data centers are driving the growth of the circuit monitoring market.
The circuit monitoring market is served by a mix of large international players with global operational presence and local players with a strong domestic supply network. ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Toshiba International Corporation (Japan), and Legrand (Ireland) are the market leaders in the global circuit monitoring market. These companies use strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions to increase their market share.
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Schneider Electric (Schneider) is a multinational company providing energy and digital automation solutions for efficiency and sustainability. The company offers low-voltage products and systems, electrical protection and control, building automation and control solutions, solar and energy storage products, medium voltage distribution and grid automation solutions, industrial automation and control solutions, critical power solutions, and cooling racks. The company serves various end-use sectors such as automotive and mobility, cloud and service providers, commercial real estate, data centers and networks, electricity companies, food & beverages, healthcare, hotels, life sciences, machinery, marine, metals, minerals and cement, mining, oil & gas, process automation, retail, and water & wastewater treatment.
The company operates its business under two segments, namely Energy Management and Industrial Automation. Circuit monitors are offered under the Energy Management segment. This segment accounted for 76.7% of the total revenue in 2021.
Schneider Electric has a strong global presence with operations in more than 100 countries worldwide. Its global reach allows it to serve customers in various industries and regions and provide solutions tailored to local needs.
ABB is a leading company offering power and automation solutions. The company provides a broad range of products, systems, solutions, and services to various industries such as aluminum, automotive, cement, chemicals, data center, food & beverages, process automation, life sciences, marine, metals, mining, oil & gas, ports, power generation, pulp & paper, railway, smart cities, solar power, water treatment, and wind power. ABB conducts its operations through four business segments: Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. The company offers circuit monitoring products through its electrification business segment, which accounted for a 44.0% share of the total revenue in 2021.
The electrification segment offers various products, including EV infrastructure, solar inverters, modular substations, switchgear, cabling, wiring accessories, power protection, distribution automation, remote power panel, enclosures, sensing and control.
The company has a global presence in North America, Europe, Asia Pacific, and Middle East & Africa, in 86 countries through 501 offices.
Eaton is a power management company that provides energy-efficient electrical, hydraulic, and mechanical power solutions. The company offers a broad range of products and services, such as power distribution and control components, UPS, power distribution units (PDUs), and hydraulic systems to various industries, such as agriculture, aviation, construction, data centers, energy, healthcare, and manufacturing & industrial. The company operates its business through six segments: Electrical Americas, Electrical Global, Hydraulics, Aerospace, Vehicle, and eMobility. It provides circuit monitoring systems under the segments Electrical Americas and Electrical Global. Both segments accounted for 65% of the total revenue in 2021.
Eaton manages and operates its business globally in more than 175 countries. The company operates through its 284 manufacturing facilities across 42 countries while maintaining its global distribution channels.
Related Reports:
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
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