888-776-0942 from 8 AM - 10 PM ET
North America is expected to account for a significant share in the industrial power monitoring systems market, supported by penalty-based environmental regulations and high awareness of economic energy conservation. Future Market Insights expects a market share of 27% in 2022.
NEWARK, Del. , Aug. 22, 2022 /PRNewswire/ -- The global industrial power monitoring system market is projected to reach a value of US$ 6,534.7 Mn in 2032 while exhibiting a steady CAGR of 4.2% over the forecast period of 2022 to 2032. Driven by a growing emphasis on efficient use of power resources, the industrial power monitoring system market is expected to reach US$ 4,318.6 Mn by the end of 2022. This growth is further supplemented by the demand for increased reliability and reduction in the costs of electrical infrastructure.
The need for a distinctive power monitoring system is highlighted by the massive consumption of power by end-use industries like mining & mineral, oil & gas, and many others. Industrial power monitoring systems have the capability to communicate and monitor the components of power distribution from any place and anytime to evade critical losses. This leads to a surge in demand for industrial power monitoring systems. Moreover, the rising adoption of voluntary or compulsory energy management systems and large-scale implementation of environmental regulations against energy wastage is likely to fuel the demand for industrial power monitoring systems.
Request Sample [email protected] https://www.futuremarketinsights.com/reports/sample/rep-gb-5588
Owing to the fact that power fluctuation can corrupt or loss of data, industrial power monitoring systems are in immense demand in different industrial sectors. The industrial power monitoring systems are likely to discover a wide range of applications in various industrial verticals, specifically in healthcare, telecommunications (for remote monitoring and notification), governmental and financial organizations where the existence of sensitive data needs zero issues and smooth operations.
"Due to its high reliability and efficiency factor, industrial power monitoring systems are registering high demand from various industries which is expected to bolster the sales of industrial power monitoring systems over the forecast period," says an FMI analyst.
Request Customization of the Research [email protected] https://www.futuremarketinsights.com/customization-available/rep-gb-5588
ABB Ltd, Emerson Electric Company, Eaton Corporation PLC, EnerNOC, Inc., General Electric Company, Honeywell International, Inc., and Rockwell Automation, Schneider Electric SE, Siemens AG, and others are some of the major players in the industrial power monitoring system market profiled in the full version of the report.
Major market players are concentrating on product development and introducing advanced industrial power monitoring systems to the market.
3.5.1. Supply Side Participants and their Roles
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer's
Click Here for Industrial Power Monitoring System Market 294 pages TOC Report
More Insights into the Industrial Power Monitoring System Market Report
In its latest report, FMI offers an unbiased analysis of the global industrial power monitoring system market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032.
To understand the global market potential, growth, and scope, the market is segmented based on 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)), 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), application (mining and metals, power generation and transmission, oil and gas, data centers and server rooms, general manufacturing), and region.
According to the latest FMI reports, based on region, the industrial power monitoring system market in North America is expected to present considerable growth and account for nearly 27% of the market share. Elevated government investments in power infrastructures coupled with the rising necessity to improve system reliability and lessen equipment malfunctions, power spikes, and shutdowns are driving the demand for industrial power monitoring systems in this region.
In Europe , the industrial power monitoring system market is likely to hold a 29% market share. This growth is attributed to the increasing demand for industrial power monitoring systems from the expanding data centers. Mounting investments in electric vehicles in countries like Italy , Germany , and the U.K. also promotes market growth in this region.
The Asia Pacific industrial power monitoring system market is projected to witness impressive growth over the forecast period. The growth in this market is primarily driven by China's rapid adoption of smart meters for electricity consumption.
Ask Us Your Questions about The Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-5588
Explore wide-ranging Coverage of FMI's Industrial Automation Market Insights Landscape
Conveyor System Market - Conveyor System Market By Product Type (Belt Conveyor, Roller Conveyor, Pallet Conveyor, Others), Operation Type (Manual, Semi-Automatic, Automatic), Application Type (Packaging & Warehouse Distribution, Textile & Paper, Construction & Mining, Automotive & Transportation ) & Region - Forecast 2021 - 2031
Compact Power Equipment Rental Market -Compact Power Equipment Rental Market: Global Industry Analysis, Size, Share, Growth and Forecast to 2030 by FMI
Industrial Pumps Market -Industrial Pumps Market: Asia Pacific Industry Analysis, Size, Share, Growth and Forecast to 2020 by FMI
Industrial Wireless Broken Signal Solutions Market -Market Insights on Industrial Wireless Broken Signal Solutions covering sales outlook, demand forecast & up-to-date key trends
Industrial Robotics Market -As per Future Market Insights (FMI), sales in the global industrial robotics market are expected to total US$ 33.75 Bn by 2022, rising at a CAGR of 19.2% during the forecast period 2022-2028.
Industrial Weighing Equipment Market –A recent FMI study shows the effect of COVID-19 on Industrial Weighing Equipment Market: Global Industry Analysis and Review of Industrial Weighing Equipment Market for 2020-2030
Power Device Analyzer Market -Power Device Analyzer Market by Type (Both AC and DC, AC, and DC), Current (Below 1000 A and Above 1000 A), End User (Automotive, Energy, Telecommunication, Consumer Electronics and Appliances, Medical, and Others), & Region - Forecast to 2022 - 2032
Power Tools Market –Power Tools Market By Product Type (Drilling Tool, Fastening Tool, Heat Gun), Technology (Electric, Corded, Cordless, Pneumatic) & Region - Forecast 2021-2031
Integrated Gas System Market - Integrated Gas System Market By Valve Type (Pneumatic Valve, Manual Valve, Metering Valve, Check Valve), Seal Type (W-seal, C-seal, Face-seal), Application (Lithography, Etching, Chemical Vapor Deposition, Ionization, Oxidation), & Region Forecast to 2022-2032
Truck Mounted Cranes Market - Truck Mounted Cranes Market by Product Type (Stiff Boom, Knuckle Boom), Drive (Electrical, Mechanical, Hydraulic), Lifting Capacity (Below 15 Ton, 15 to 30 Ton, 30 to 50 Ton, Above 50 Ton), End Use (Industrial, Commercial, Infrastructure), & Region Forecast to 2022 – 2032
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 Report: https://www.futuremarketinsights.com/reports/industrial-power-monitoring-system-market For Sales Enquiries: [email protected] Browse all Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET