Yahoo Finance

Global Market for Power Monitoring

Dublin, June 21, 2023 (GLOBE NEWSWIRE) -- The "Power Monitoring: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Power Monitoring estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030.

Hardware, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$2.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $920.8 Million, While China is Forecast to Grow at 7.2% CAGR

The Power Monitoring market in the U.S. is estimated at US$920.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$536.1 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$387.6 Million by the year 2030.

Select Competitors (Total 66 Featured) -

• ABB Ltd.

• Accuenergy Ltd.

• Albireo Energy, LLC

• Eaton Corporation Inc.

• Emerson Electric Company

• Fluke Corporation

• Fuji Electric FA Components & Systems Co., Ltd.

• GE Grid Solutions

• Greystone Energy Systems Inc.

• Littelfuse, Inc.

• Mitsubishi Electric Corporation

• Omron Corporation

• Rockwell Automation, Inc.

• Samsara Networks, Inc.

• Schneider Electric SE

• Siemens AG

• VaCom Technologies

• Veris Industries

• Yokogawa Electric Corporation

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• COVID-19 Outbreak to Dent Market Prospects in the Immediate Term

• What the Stock Market Tells About the COVID-19 Impact is Simple: Maintaining Growth in These Unprecedented Times is Challenging

• An Introduction to Power Monitoring Products and Services

• Power Monitoring Products and Services: Current Market Scenario and Outlook

• Recent Market Activity

• Power Monitoring Hardware: Largest & Fastest Growing Category

• Power Monitoring Software Continues to Make Robust Gains

• Sustained Demand for Power Monitoring Services

• While Developed Regions Remain Major Revenue Contributors, Developing Regions Extend High Growth Opportunities

• World Power Monitoring Products & Services Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions

• World Power Monitoring Products & Services Market - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, USA, Middle East, Europe, Canada, Africa, and Japan

• COVID-19 Pandemic Set to Dent Economic Growth Across All Regions

• World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021

• Global Purchasing Managers' Index (PMI) Points for the Years 2018 through 2020

• Competitive Scenario: A Fragmented Marketplace

• Power Monitoring - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)