Power Monitoring Market Size, Key Player Revenue, SWOT, PEST & Porter’s Analysis For 2021–2028
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.
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Key companies operating in the Power Monitoring market include:
Schneider Electric, ABB, Eaton Corporation plc, Siemens AG, General Electric, Emerson Electric Co., Rockwell Automation, Inc., Mitsubishi Electric, Omron Corporation, and Yokogawa Electric
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Power Monitoring market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
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Power Monitoring Market Segmentation:
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
Power Monitoring Market Segmentation by Regions:
North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) Click here to Get customization @https://www.emergenresearch.com/request-for-customization/656
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