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Global Industrial Power Monitoring System Market: Notable Developments & Geographical Outlook
Manufacturing Plants, Energy and Utilities, Mining and Metallurgy as well as commercial establishment etc., where electric system is complex and huge, call for centralized monitoring of energy, power and control. The industrial power monitoring system helps an industrial enterprise to monitor power distribution and consumption and achieve energy efficiency through well laid out procedures and methods aiding in overall cost savings.
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This savings vary from savings in energy unit consumed per hour, maximum demand charges, controlling energy wastages thus enabling better utilization of man power and avoidance of critical break down in the electrical systems etc.
Industrial Power Monitoring System Market: Dynamics
Global Industrial Power monitoring systems Market has been driven by increasing adoption of voluntary or mandatory energy management systems & widespread environmental regulations against energy wastage. Industrial power monitoring systems ability to communicate and monitor the components of power distribution from anyplace and anytime to avoid these critical loses resulting in high demand of Industrial Power monitoring systems.
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Industrial Power Monitoring System Market: Regional Outlook
Western Europe and United states owns a lion’s share in Industrial Power Monitoring systems supported by penalty based environmental regulations and high awareness of economic energy conservation. Technological modernization of Industrial Sectors in Mid East Africa and Asia Pacific contributes to Industrial power Monitoring System market and has potential to see sizable growth in future as well.
By Segmentation:
Segmentation of Industrial Power Monitoring system by Control System Employed:
• PLC (Programmable Logic controls)
• SCADA (supervisory control and data acquisition)
• DCS (distributed control system)
Segmentation of Industrial Power Monitoring system by Technology:
• MDM (meter data management)
• PLCS (peak load control system)
• DRMS (demand response management solution)
• EMIS (energy management information system)
Segmentation of Industrial Power Monitoring system by application:
• Mining And Metals
• Power Generation and Transmission
• Oil And Gas
• Data Centers and Server Rooms
• General Manufacturing
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Industrial Power Monitoring System Market: Key Players
• ABB Ltd
• CISCO System
• Emerson Electric Company
• Eaton Corporation PLC
• EnerNOC, Inc.
• General Electric Company
• Honeywell International, Inc.
• Rockwell Automation
• Schneider Electric SE
• Siemens AG
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