The global Industrial Power Monitoring System market is expected to reach USD 4.318 billion by 2022 and is expected to grow at a CAGR of 4.1% during the forecast period 2022-2030.

Industrial Power Monitoring System Market Overview:

From 2016 to 2021, sales showed excillent growth, registering a CAGR of 4%. Whether its electrical systems are complex or huge, manufacturing plants, energy and utilities, mining and metallurgy, as well as commercial facilities needs centralized monitoring of energy, power and control. Industrial power monitoring systems help industrial enterprises achieve energy efficiency through well-structured procedures and methods that monitor power distribution and consumption and help reduce overall costs. Industrial power monitoring systems support the ability to monitor power conditions. Power distribution, backup power systems and power quality related to critical operations and utilities. Provides detailed info needed to prevent tripped circuits, diagnose power problems, and balance loads. They are energy saving as they understand the total power usage of a data center or facility and use that information to maintain high consumption rates, UPS efficiency and more. Industrial power monitoring system also track industry power consumption to calculate use of the energy being used by the facility. Fluctuations in power even by one second can cause loss or corruption of related data.

Industrial Power Monitoring System market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Industrial Power Monitoring System market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

Industry News

• Established in 2015, Octopus Energy is a UK-based startup developing a cloud-based smart grid platform and providing fair pricing and green energy forever from the UK's largest investor in solar power. Balances load around the grid using an innovative AI and data-driven platform. The company recently held USD 1.5 billion in funding for 2021.
• Founded in 2019, Uplight is a US-based startup valued at approximately USD 1.5 billion. The company is a software suite that provides utilities with granular data on how customers consume energy in their homes and businesses, and provides a way to decrease basic electricity demand. Also it provides a marketplace for consumers to find rebates and deals on energy-efficient appliances and electric vehicles.

The Industrial Power Monitoring System market research report is categorized based on type, applications and region.

Market Key Players:
ABB Ltd, CISCO Systems, Emerson Electric Company, Eaton Corporation PLC, EnerNOC, Inc., General Electric Company, Honeywell International, Inc., Rockwell Automation, Schneider Electric SE, Siemens AG, and others.

By Control System:

• Programmable Logic Controls (PLC) Industrial Power Monitoring System
• Supervisory Control and Data Acquisition (SCADA) Industrial Power Monitoring System
• Distributed Control Industrial Power Monitoring System (DCS)

 By Technology:

• Meter Data Management (MDM) Industrial Power Monitoring System
• Peak Load Control System (PLCS) Industrial Power Monitoring System
• Demand Response Management Solution (DRMS) Industrial Power Monitoring System
• Energy Management Information System (EMIS) Industrial Power Monitoring System

By Application:

• Mining And Metals
• Power Generation and Transmission
• Oil And Gas
• Data Centers and Server Rooms
• General Manufacturing

By Region:

Geographically, the global Industrial Power Monitoring System market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).

North America is expected to hold a outstanding share in the industrial power monitoring system market due to its high awareness of penalty-based environmental regulations and economic energy saving. Robust market revenue growth can be attributed to snowballing government initiatives to proceed the dominant power infrastructure to improve power efficiency across the commercial, industrial and residential sectors.
Among the end-user verticals, manufacturing in Europe has a excellent share due to the continuous installation of systems critical to plant operations. End-use industries are striving to minimize their carbon footprint by introducing energy management systems due to stringent environmental regulations. In terms of regional contribution, Asia Pacific is estimated to gain the highest traction and witness admirable growth during the forecast period. This market growth is attributed to the increasing adoption of smart meters for electricity consumption in China.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Industrial Power Monitoring System Market report scope

Report Attributes	Details
Growth Rate	CAGR of 4.1% from 2022 to 2030.
By Technology	Meter Data Management (MDM) Industrial Power Monitoring System, Peak Load Control System (PLCS) Industrial Power Monitoring System, Demand Response Management Solution (DRMS) Industrial Power Monitoring System, Energy Management Information System (EMIS) Industrial Power Monitoring System
By Application	Mining And Metals, Power Generation and Transmission, Oil And Gas, Data Centers and Server Rooms, General Manufacturing
By Control System Type	Programmable Logic Controls (PLC) Industrial Power Monitoring System, Supervisory Control and Data Acquisition (SCADA) Industrial Power Monitoring System, Distributed Control Industrial Power Monitoring System (DCS)
By Companies	ABB Ltd, CISCO Systems, Emerson Electric Company, Eaton Corporation PLC, EnerNOC, Inc., General Electric Company, Honeywell International, Inc., Rockwell Automation, Schneider Electric SE, Siemens AG
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this Industrial Power Monitoring System Report

• Estimate Industrial Power Monitoring System market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Industrial Power Monitoring System market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions

At what CAGR is the Industrial Power Monitoring System market projected to grow in the forecast period 2022 to 2030?

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