Power Monitoring System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Electrical Power Monitoring System Market is segmented by End-User (Commercial and Industrial, Utilities, and Others) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Power Monitoring System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Power Monitoring System Market Size

power Monitoring System Market size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 5.80 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

power Monitoring System market key players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Power Monitoring System Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Power Monitoring System Market Analysis

A power monitoring system is a network of meters connected to the internet to provide real-time data on the power system. The power monitoring system market is expected to grow at a CAGR of more than 5.8% during the forecast period 2020-2025. The major factors attributing to the growth of the market are the increasing focus on the efficient utilization of power resources, increasing urbanization and industrialization, and maximizing the reliability of electrical infrastructure. Increasing the adoption of smart grid technologies and a growing focus on industrial developments has led to a rise in the implementation of power monitoring systems. However, factors like poor compatibility with existing components, and the rising cost of high-end monitoring devices are likely to hinder the market during the forecast period.

  • The commercial and industrial segment is expected to witness significant growth during the forecast period.
  • Growing implementation of smart meters and an increase in investments for smart grid technologies are expected to offer opportunities in the global power monitoring market and therefore is likely to attract many leading players across the globe.
  • North America is expected to be the largest market owing to the factors like increasing focus on upgrading the aging power infrastructure and increase in installation of new smart meters.

Power Monitoring System Industry Overview

The power monitoring system market is fragmented. Some of the major key players in the market include Eaton Corporation Inc., Fluke Corporation, General Electric Company, Siemens AG, and Emerson Electric Co.

Power Monitoring System Market Leaders

  1. Eaton Corporation Inc.

  2. Fluke Corporation

  3. General Electric Company

  4. Siemens AG

  5. Emerson Electric Co.

  6. *Disclaimer: Major Players sorted in no particular order
Eaton Corporation Inc., Fluke Corporation, General Electric Company, Siemens AG, Emerson Electric
Need More Details on Market Players and Competiters?
Download PDF

Power Monitoring System Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD biliion, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Force Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 End-User
    • 5.1.1 Commercial and Industrial
    • 5.1.2 Utilities
    • 5.1.3 Others
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 South America
    • 5.2.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Eaton Corporation Inc.
    • 6.3.2 Fluke Corporation
    • 6.3.3 General Electric Company
    • 6.3.4 Siemens AG
    • 6.3.5 Emerson Electric Co.
    • 6.3.6 ABB Ltd
    • 6.3.7 Yokogawa Electric Corporation
    • 6.3.8 Rockwell Automation, Inc.
    • 6.3.9 Mitsubishi Electric Corporation
    • 6.3.10 Schneider Electric SE
    • 6.3.11 Fuji Electric FA Components & Systems Co. Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Power Monitoring System Industry Segmentation

The power monitoring system market report includes:

End-User Commercial and Industrial
Utilities
Others
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Power Monitoring System Market Research FAQs

What is the current Power Monitoring System Market size?

The Power Monitoring System Market is projected to register a CAGR of greater than 5.80% during the forecast period (2024-2029)

Who are the key players in Power Monitoring System Market?

Eaton Corporation Inc. , Fluke Corporation , General Electric Company , Siemens AG and Emerson Electric Co. are the major companies operating in the Power Monitoring System Market.

Which is the fastest growing region in Power Monitoring System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Power Monitoring System Market?

In 2024, the North America accounts for the largest market share in Power Monitoring System Market.

What years does this Power Monitoring System Market cover?

The report covers the Power Monitoring System Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Power Monitoring System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Power Monitoring System Industry Report

Statistics for the 2024 Power Monitoring System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Power Monitoring System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.