The global power monitoring market is projected to reach USD 5.2 billion by 2024 from an estimated USD 3.8 billion in 2019, at a CAGR of +6.1%
The increase in the implementation of smart meters, the increase in investments in smart grid technology and the increasing focus on reducing the cost of energy through the effective use of energy resources is expected to drive the hardware segment, by component, during the forecast period. Asia Pacific is expected to be the fastest growing market for this segment.
The hardware components of an energy monitoring system include physical components, such as measurement and communication and measurement devices. The basic function of measuring devices is to measure, record and monitor the amount of energy that flows through any part of the electrical system.
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A principal diagram of the Power Monitoring Market is introduced to the pursuers with the support of market different applications, product definition, order, and production network examination. The report covers the investigation of conventional and the developing markets. North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa have been identified as the key regions. The major players operating in these global regions are also described in the report with their trading strategies. The report more expresses the market rivals, their business profiles, freshest news, their piece of the overall industry, developing arrangements and methodologies, client volume and creating strategies.
The major players in the power monitoring market are Schneider Electric (France), ABB(Switzerland), Eaton(Ireland), Siemens(Germany), General Electric(US), Emerson(US), Rockwell Automation (US), Mitsubishi Electric (Japan), Omron(Japan), Yokogawa(Japan)
The power monitoring market, by Component, has been segmented as follows:
- Metering & Communication Devices
- Measurement Devices
The power monitoring market, by End-user, has been segmented as follows:
- Manufacturing & Process Industry
- Public Infrastructure
- Utilities & Renewables
- Electric Vehicle Charging Station
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Table of Content
Chapter 1 Global Power Monitoring Market Overview
Chapter 2 Global Economic Impact on Power Monitoring Industry
Chapter 3 Global Power Monitoring Market Competition by Manufacturers
Chapter 4 Global Power Monitoring Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Power Monitoring Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Power Monitoring Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Power Monitoring Market Analysis by Application
Chapter 8 Power Monitoring Manufacturing Cost Analysis
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