Press release
Global Power Monitoring Market is projected to reach USD 5.52 billion by 2025, growing at a CAGR of 5.81% from 2017 to 2025 :Top keyplayers are Eaton Corporation PLC ,Fluke Corporation ,General Electric Company ,Mitsubishi Electric Corporation ,Rockwell A
The Global Power Monitoring Market was valued at USD 3.32 billion in 2016 and is projected to reach USD 5.52 billion by 2025, growing at a CAGR of 5.81% from 2017 to 2025. Power Monitoring is used for managing your energy cost and efficiency in real time. A power monitoring system is a network of meters connected to the Internet that provide real time data on the power system. There are several benefits of using power monitoring including - saves money, increases profit margin, decreases downtime, identify inefficiencies, early detection of problems, quality control, and energy expenditure reductions.Request For Free Sample@ https://www.kennethresearch.com/sample-request-10008845
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing urbanization and industrialization
1.2 Growing adoption of smart grid technologies
1.3 Rising need for maximizing the reliability of electrical infrastructure
1.4 Increasing focus to reduce energy cost
1.5 Growing need for efficient utilization of power resources
2. Market Restraints
2.1 Poor compatibility with existing components
2.2 Availability of low cost alternatives
2.3 Rising cost of high-end monitoring devices
Market Segmentation:
The Global Power Monitoring Market is segmented on the end user, component, and region.
1. End User:
1.1 Public Infrastructure
1.2 Datacenters
1.3 Electric Vehicle Charging Stations
1.4 Manufacturing and Process Industry
1.5 Utilities and Renewables
2. By Component:
2.1 Software
2.2 Hardware
2.3 Services
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
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Competitive Landscape:
The major players in the market are as follows:
1. Eaton Corporation PLC
2. Fluke Corporation
3. General Electric Company
4. Mitsubishi Electric Corporation
5. Rockwell Automation, Inc.
6. Siemens AG
7. Yokogawa Electric Corporation
8. ABB Ltd
9. Emerson Electric Co.
10. Fuji Electric FA Components & Systems Co., Ltd.
11. Littelfuse, Inc.
12. Omron Corporation
13. Schneider Electric SE
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Power Monitoring Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Read More@ https://www.kennethresearch.com/report-details/global-power-monitoring-market-/10008845
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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