Power Monitoring Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

A power monitoring system is a network of meters connected to the Internet to provide real-time data about the power system. The Power Monitoring Systems market is expected to grow at a CAGR of more than 5% over the forecast period 2022-2028. The main factors contributing to the market growth are increased interest in the efficient use of power resources, increased urbanization and industrialization, and maximization of the reliability of electrical infrastructure. As the adoption of smart grid technology increases and interest in industrial development increases, the implementation of power monitoring systems has increased. However, factors such as poor compatibility with existing components and rising costs of advanced monitoring devices are likely to hinder the market during the forecast period.

Company Profile

• Eaton Corporation PLC
• Fluke Corporation
• General Electric Company
• Mitsubishi Electric Corporation
• Rockwell Automation, Inc.
• Siemens AG
• Yokogawa Electric Corporation
• ABB Ltd

Market Segmentation

By Component

• Hardware
• Software
• Services

By End-User

• Manufacturing & Process Industry
• Datacenters
• Public Infrastructure
• Utilities & Renewables
• Electric Vehicle Charging Station

Scope of the Report

The research study analyzes the Power Monitoring industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Power Monitoring Market Report

1. What was the Power Monitoring Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Power Monitoring Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Power Monitoring Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.