Power Monitoring Market Forecast By Applications, Dynamics, Development Status And Outlook 2028 Top Key Players ABB Ltd, Fluke Corporation, Yokogawa Electric Corporation, Eaton Corporation PLC, Omron Corporation, Schneider Electric SE

Global Power Monitoring Market Projected to Grow due to Increasing Applications in Electricity Generation

Power Monitoring Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as datacenter, electric vehicle charging stations, utilities & renewables, manufacturing & process industry, & public infrastructure during the forecast period. A power monitoring system can simplify calculations and accurate cost structure providing clear data. It is a network of meters connected to the Internet to provide real-time information on the power system. The process was very involved and technical and typically used by large manufacturers to control and monitor their power. The advantage of this technology is the increasing broadband connectivity and the ability to utilize this technology in regular businesses.

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Key Takeaways of the High-Voltage Cables Market Study
1. The power monitoring market has been segmented on the basis of component into software, hardware, and services. Hardware is the largest segment. The hardware component is a power monitoring system that includes physical components, metering and communication, and measurements devices.
2. Asia Pacific is projected to dominate the global market, owing to increase in power generation capacity, and investments in infrastructure in the region.
3. Increasing need for monitoring grid interconnections is resulting growth of the market.
4. The upcoming projects for the transmission lines would also boost the demand for high voltage cables and accessories systems.

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Notable Development Trends to Open up New Horizons of Growth for High-Voltage Cables Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
1. December 8, 2016 - Packet Power is pleased to now offer a power monitor capable of measuring energy usage on 480V AC circuits. The new product maintains the same compact form factor as our existing three-phase monitor and extends our wireless metering to include 480V 3-wire delta and 277/480V 4-wire wye circuits.
2. Sep 19, 2019 - SOCOMEC has launched the DIRIS Digiware S,a new measurement and monitoring solution, oriented for the Datacenter, Industry and commercial space. While retaining the flexibility that has been the hallmark of the system in the past, DIRIS Digiware has upgraded its functionalities, together with ease of connection and configuration.
3. Nov 28, 2019 - The launch of its Smart Factory in Bengaluru was announced on Thursday by Schneider Electric, the global leader in digital energy management and automation transformation.

Major points covered in the report:
1. Macroeconomic factors affecting the High-Voltage Cables market and its potential
2. High-Voltage Cables Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the High-Voltage Cables market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the High-Voltage Cables market, including detailed profiles of the top players in this market

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Some of the major players in the High-Voltage Cables market ABB Ltd, Fluke Corporation, Yokogawa Electric Corporation, Eaton Corporation PLC, Omron Corporation, Schneider Electric SE, and General Electric Company

Market Segmentation:
By Component:
• Software
• Hardware
• Services

By End-User:
• Datacenter
• Electric Vehicle Charging Stations
• Utilities & Renewables
• Manufacturing & Process Industry
• Public Infrastructure

By Region:
• North America
o By Country (US, Canada, Mexico)
o By Component
o By End-User

• Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Component
o By End-User

• Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Component
o By End-User

• Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Component
o By End-User

• Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Component
o By End-User

• Rest of the World
o By Region (South America, Africa)
o By Component
o By End-User

Reasons To Buy This Report:
• Market size estimation of the power monitoring market on regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.