The global power monitoring market size is expected to reach USD 5.86 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising need to enhance energy efficiency and minimize energy costs. Emergence of advanced power monitoring system allow users to obtain detailed information regarding the amount of energy consumed. Manufacturing and process industries are increasingly adopting power monitoring systems to manage, analyze, and control energy usage. Power monitoring systems provide detailed information about the amount of energy consumed, which helps in identifying a wide range of ways to boost efficiency by minimizing waste and reducing rates of energy consumption. These factors are expected to drive demand for power monitoring systems during the forecast period. Incentives and rebates offered by utility companies are also encouraging consumers to decrease energy usage, which is resulting in increasing utilization of power monitoring systems. Incentives and rebates available for retrofitting existing buildings, such as high-efficiency motors and energy efficient lighting, is also expected to drive growth of the power monitoring market to a significant extent over the forecast period.
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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The leading market contenders listed in the report are:
Schneider Electric, ABB, Eaton Corporation plc, Siemens AG, General Electric, Emerson Electric Co., Rockwell Automation, Inc., Mitsubishi Electric, Omron Corporation, and Yokogawa Electric
Key reasons to buy the Global Power Monitoring Market report:
It offers a detailed account of the end-use applications of the products services offered by this industry.
The latest report comprehensively studies the global Power Monitoring market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Power Monitoring Market
Component Outlook (Revenue, USD Billion; 2018–2028)
Software
Hardware
Services
End-use Outlook (Revenue, USD Billion; 2018–2028)
Datacenters
Utilities & Renewables
Manufacturing & Process Industry
Electric Vehicle Charging stations
Public Infrastructure
Regional Outlook (Revenue, USD Billion; 2018–2028)
North America U.S. Canada Mexico
Europe Germany France U.K. BENELUX Italy Spain Ireland Rest of Europe
Asia Pacific China Japan South Korea India Rest of APAC
Latin America Brazil Rest of LATAM
Middle East & Africa Saudi Arabia UAE South Africa Rest of MEA
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Regional Outlook of the Power Monitoring Market
The global Power Monitoring market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Power Monitoring market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
What will be the growth rate of the Power Monitoring market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
What are challenges and threats faced by the prominent vendors operating in the Power Monitoring market?
Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
What are the past, present and emerging trends likely to influence the growth rate of the Power Monitoring market for the forecast period, 2022 to 2030?
What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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