Power Monitoring Market SWOT Analysis by 2031
The power monitoring involves a network of meters connected to the internet to provide real-time data on the power systems. As the developed and developing regions are rapidly adopting smart grid technologies, the market for power monitoring is expected to surge in the coming years. Moreover, investments in the IT hubs and data centers, in particular, are significantly contributing to the market growth. The key vendors of the power monitoring market are focusing on organic growth strategies such as the development of new products to increase their global market share.
MARKET DYNAMICS
The power monitoring market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of smart technology and growing focus towards reducing energy costs. Besides, a sharp focus on the effective utilization of power resources is further likely to promote market growth. High costs associated with high-end monitoring devices is a restraining factor for the power monitoring market. However, industrial developments and smart grid adoption are likely to provide growth opportunities to the players active in the power monitoring market during the forecast period.
MARKET SCOPE
The "Global Power Monitoring Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of power monitoring market with detailed market segmentation by component, end user, and geography. The global power monitoring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power monitoring market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global power monitoring market is segmented on the basis of component and end user. Based on component, the market is segmented as hardware, software, and services. The market on the basis of the end user is classified as manufacturing industry, process industry, data centers, utilities and renewables, electric vehicle charging stations, and public infrastructure.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global power monitoring market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The power monitoring market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting power monitoring market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the power monitoring market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global power monitoring market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The power monitoring market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting power monitoring market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the power monitoring market in these regions.
MARKET PLAYERS
The reports cover key developments in the power monitoring market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from power monitoring market are anticipated to lucrative growth opportunities in the future with the rising demand for power monitoring in the global market. Below mentioned is the list of few companies engaged in the power monitoring market.
The report also includes the profiles of key power monitoring companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd.
- Eaton Corporation
- Emerson Electric Co.
- General Electric Company
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Yokogawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Power Monitoring Market - By Component
1.3.2 Power Monitoring Market - By End User
1.3.3 Power Monitoring Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POWER MONITORING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POWER MONITORING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. POWER MONITORING MARKET - GLOBAL MARKET ANALYSIS
6.1. POWER MONITORING - GLOBAL MARKET OVERVIEW
6.2. POWER MONITORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POWER MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. POWER MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. MANUFACTURING INDUSTRY
8.3.1. Overview
8.3.2. Manufacturing Industry Market Forecast and Analysis
8.4. PROCESS INDUSTRY
8.4.1. Overview
8.4.2. Process Industry Market Forecast and Analysis
8.5. DATA CENTRES
8.5.1. Overview
8.5.2. Data Centres Market Forecast and Analysis
8.6. UTILITIES AND RENEWABLES
8.6.1. Overview
8.6.2. Utilities and Renewables Market Forecast and Analysis
8.7. ELECTRIC VEHICLE CHARGING STATIONS
8.7.1. Overview
8.7.2. Electric Vehicle Charging Stations Market Forecast and Analysis
8.8. PUBLIC INFRASTRUCTURE
8.8.1. Overview
8.8.2. Public Infrastructure Market Forecast and Analysis
9. POWER MONITORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Power Monitoring Market Overview
9.1.2 North America Power Monitoring Market Forecasts and Analysis
9.1.3 North America Power Monitoring Market Forecasts and Analysis - By Component
9.1.4 North America Power Monitoring Market Forecasts and Analysis - By End User
9.1.5 North America Power Monitoring Market Forecasts and Analysis - By Countries
9.1.5.1 United States Power Monitoring Market
9.1.5.1.1 United States Power Monitoring Market by Component
9.1.5.1.2 United States Power Monitoring Market by End User
9.1.5.2 Canada Power Monitoring Market
9.1.5.2.1 Canada Power Monitoring Market by Component
9.1.5.2.2 Canada Power Monitoring Market by End User
9.1.5.3 Mexico Power Monitoring Market
9.1.5.3.1 Mexico Power Monitoring Market by Component
9.1.5.3.2 Mexico Power Monitoring Market by End User
9.2. EUROPE
9.2.1 Europe Power Monitoring Market Overview
9.2.2 Europe Power Monitoring Market Forecasts and Analysis
9.2.3 Europe Power Monitoring Market Forecasts and Analysis - By Component
9.2.4 Europe Power Monitoring Market Forecasts and Analysis - By End User
9.2.5 Europe Power Monitoring Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Power Monitoring Market
9.2.5.1.1 Germany Power Monitoring Market by Component
9.2.5.1.2 Germany Power Monitoring Market by End User
9.2.5.2 France Power Monitoring Market
9.2.5.2.1 France Power Monitoring Market by Component
9.2.5.2.2 France Power Monitoring Market by End User
9.2.5.3 Italy Power Monitoring Market
9.2.5.3.1 Italy Power Monitoring Market by Component
9.2.5.3.2 Italy Power Monitoring Market by End User
9.2.5.4 United Kingdom Power Monitoring Market
9.2.5.4.1 United Kingdom Power Monitoring Market by Component
9.2.5.4.2 United Kingdom Power Monitoring Market by End User
9.2.5.5 Russia Power Monitoring Market
9.2.5.5.1 Russia Power Monitoring Market by Component
9.2.5.5.2 Russia Power Monitoring Market by End User
9.2.5.6 Rest of Europe Power Monitoring Market
9.2.5.6.1 Rest of Europe Power Monitoring Market by Component
9.2.5.6.2 Rest of Europe Power Monitoring Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Power Monitoring Market Overview
9.3.2 Asia-Pacific Power Monitoring Market Forecasts and Analysis
9.3.3 Asia-Pacific Power Monitoring Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Power Monitoring Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Power Monitoring Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Power Monitoring Market
9.3.5.1.1 Australia Power Monitoring Market by Component
9.3.5.1.2 Australia Power Monitoring Market by End User
9.3.5.2 China Power Monitoring Market
9.3.5.2.1 China Power Monitoring Market by Component
9.3.5.2.2 China Power Monitoring Market by End User
9.3.5.3 India Power Monitoring Market
9.3.5.3.1 India Power Monitoring Market by Component
9.3.5.3.2 India Power Monitoring Market by End User
9.3.5.4 Japan Power Monitoring Market
9.3.5.4.1 Japan Power Monitoring Market by Component
9.3.5.4.2 Japan Power Monitoring Market by End User
9.3.5.5 South Korea Power Monitoring Market
9.3.5.5.1 South Korea Power Monitoring Market by Component
9.3.5.5.2 South Korea Power Monitoring Market by End User
9.3.5.6 Rest of Asia-Pacific Power Monitoring Market
9.3.5.6.1 Rest of Asia-Pacific Power Monitoring Market by Component
9.3.5.6.2 Rest of Asia-Pacific Power Monitoring Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Power Monitoring Market Overview
9.4.2 Middle East and Africa Power Monitoring Market Forecasts and Analysis
9.4.3 Middle East and Africa Power Monitoring Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Power Monitoring Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Power Monitoring Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Power Monitoring Market
9.4.5.1.1 South Africa Power Monitoring Market by Component
9.4.5.1.2 South Africa Power Monitoring Market by End User
9.4.5.2 Saudi Arabia Power Monitoring Market
9.4.5.2.1 Saudi Arabia Power Monitoring Market by Component
9.4.5.2.2 Saudi Arabia Power Monitoring Market by End User
9.4.5.3 U.A.E Power Monitoring Market
9.4.5.3.1 U.A.E Power Monitoring Market by Component
9.4.5.3.2 U.A.E Power Monitoring Market by End User
9.4.5.4 Rest of Middle East and Africa Power Monitoring Market
9.4.5.4.1 Rest of Middle East and Africa Power Monitoring Market by Component
9.4.5.4.2 Rest of Middle East and Africa Power Monitoring Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Power Monitoring Market Overview
9.5.2 South and Central America Power Monitoring Market Forecasts and Analysis
9.5.3 South and Central America Power Monitoring Market Forecasts and Analysis - By Component
9.5.4 South and Central America Power Monitoring Market Forecasts and Analysis - By End User
9.5.5 South and Central America Power Monitoring Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Power Monitoring Market
9.5.5.1.1 Brazil Power Monitoring Market by Component
9.5.5.1.2 Brazil Power Monitoring Market by End User
9.5.5.2 Argentina Power Monitoring Market
9.5.5.2.1 Argentina Power Monitoring Market by Component
9.5.5.2.2 Argentina Power Monitoring Market by End User
9.5.5.3 Rest of South and Central America Power Monitoring Market
9.5.5.3.1 Rest of South and Central America Power Monitoring Market by Component
9.5.5.3.2 Rest of South and Central America Power Monitoring Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POWER MONITORING MARKET, KEY COMPANY PROFILES
11.1. ABB LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EATON CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EMERSON ELECTRIC CO.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL ELECTRIC COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MITSUBISHI ELECTRIC CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OMRON CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROCKWELL AUTOMATION, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHNEIDER ELECTRIC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIEMENS AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YOKOGAWA ELECTRIC CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Eaton Corporation
3. Emerson Electric Co.
4. General Electric Company
5. Mitsubishi Electric Corporation
6. OMRON Corporation
7. Rockwell Automation, Inc.
8. Schneider Electric
9. Siemens AG
10. Yokogawa Electric Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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