Power Monitoring and Control Devices Market is Estimated to Grow at a CAGR of 5.36 % within the forecast period of (2022 to 2029) : Cognitive Market Research

Market Overview:
- Power monitoring and control devices measure power consumption to support energy-saving activities. Power monitoring is accomplished by using power monitors, sensors, and meters to monitor equipment including uninterruptible power supply (UPS) units and power distribution units (PDUs). It also monitors utility feeds, generators, branch circuits and other critical infrastructure.

Summary:
• Increasing consumers' awareness about energy-saving activities to reduce the cost of electricity rates is the major driving factor for the growth of the power monitoring and control devices market.
• North America is accounted for the largest share of the power monitoring and control devices market.

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Market Dynamics:
- Increasing consumers' awareness about energy-saving activities to reduce the cost of electricity rates is the main driving factor responsible for the growth of the global power monitoring and control devices market. Nowadays, it is required to produce such controlling devices to conduct energy-saving and environmental protection activities and enhance productivity. Additionally, the rising adoption of energy-efficient products along with the surge in power generation demand is another factor that boosts the market growth during the forecast period. However, these types of devices can be more expensive than traditional ones, and sometimes they might show erroneous results that may obstruct the growth of the global power monitoring and control devices market in the near future. Further, recent innovations in the internet of things-based smart electricity monitoring and control system are expected to create new opportunities for the power monitoring and control devices market during the forecast period.

Market Segmentation:
Type
Power Monitoring Devices
Power Control Devices
Others

Application
Oil & Gas
Mining
Manufacturing Industry
Energy
Utilitie
Construction

- Competitive Analysis for Power Monitoring and Control Devices Market :
ABB, Siemens, Schneider Electric, GE, Emerson, Rockwell, Rockwell, Mitsubishi Electric, Danaher, Honeywell, Hitachi, Eaton, Others

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Regional Analysis :
- North America is accounted for the largest share of the power monitoring and control devices market.
North America accounted for relatively the largest share of the power monitoring and control devices market. The market demand is growing in the region due to the rising demand for electricity coupled with advancements in smart monitoring devices. Power metering improves American consumer awareness and knowledge which results in waste reduction and much lower expenses.

News
- ABB launched new series of smart monitoring solutions for the expansion of its portfolio.
In February 2022; ABB launched a new range of electrical measurement and power monitoring instruments for the digital panel meter market. With this launch, ABB has extended its existing single range of multi-function meters and network analyzers and offers a comprehensive product portfolio to meet the needs of the panel meter market in industries such as healthcare, hospitality, infrastructure, and food &beverages.

Browse Here For Full TOC :
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Power Monitoring and Control Devices Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Power Monitoring and Control Devices Market Segmentation
1.5.1 Power Monitoring and Control Devices Market Regional Fragmentation
1.5.1 Power Monitoring and Control Devices Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Power Monitoring and Control Devices Market
Chapter 4 Global Power Monitoring and Control Devices Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Power Monitoring and Control Devices Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Power Monitoring and Control Devices Market by Application Segmentation Analysis (2018-2030)
• 9.1 Detailed Qualitative Analysis
• 9.2 Global Power Monitoring and Control Devices Revenue and Share (%) by Application (2018-2030)
9.2.1 Oil & Gas Market Size
9.2.1.1 Global Oil & Gas Market Share and Revenue (USD Million) for 2018-2030
9.2.2 Mining Market Size
9.2.2.1 Global Mining Market Share and Revenue (USD Million) for 2018-2030
9.2.3 Manufacturing Industry Market Size
9.2.3.1 Global Manufacturing Industry Market Share and Revenue (USD Million) for 2018-2030
9.2.4 Energy Market Size
9.2.4.1 Global Energy Market Share and Revenue (USD Million) for 2018-2030
9.2.5 Utilitie Market Size
9.2.5.1 Global Utilitie Market Share and Revenue (USD Million) for 2018-2030
9.2.6 Construction Market Size
9.2.6.1 Global Construction Market Share and Revenue (USD Million) for 2018-20309.2.7 Construction Market Size
9.2.7.1 Global Construction Market Share and Revenue (USD Million) for 2018-2030
Chapter 10 Global Power Monitoring and Control Devices Market Regional Analysis
Chapter 11 North America Power Monitoring and Control Devices Market Outlook (2018 - 2030)
Chapter 12 Europe Power Monitoring and Control Devices Market Outlook (2018 - 2030)
• 12.1 Europe
12.1.1 Europe Power Monitoring and Control Devices Market by Country, 2018-2030
12.1.2 Europe Power Monitoring and Control Devices Market Attractiveness Analysis by Country
• 12.2 Europe Power Monitoring and Control Devices Market Size (2018-2030)
12.2.1 Europe Power Monitoring and Control Devices Market Share and Revenue (USD Million) by Type (2018-2030)
12.2.2 Europe Power Monitoring and Control Devices Market Share and Revenue (USD Million) by Application (2018-2030)
Chapter 13 Asia Pacific Power Monitoring and Control Devices Market Outlook (2018 - 2030)
Chapter 14 Latin America Power Monitoring and Control Devices Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Power Monitoring and Control Devices Market Outlook (2018 - 2030)
Chapter 16 Research Findings

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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