Power Monitoring Market Set for Robust Growth to USD 5.95 Billion by 2035, Led by North America's 38.11% Market Share | DataM Intelligence

The Global Power Monitoring Market is valued approximately at USD 3.55 billion in 2025 and is projected to reach about USD 5.95 billion by 2035, growing at a CAGR of around 5.3% during the forecast period from 2025 to 2035.

This steady growth is driven by increasing demand for energy efficiency, real-time power monitoring, and grid reliability across industrial and utility sectors. The expansion of 5G infrastructure, industrial IoT applications, AI-based energy monitoring platforms, and rising investments in renewable energy projects and smart grids are accelerating market adoption globally.

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United States: Key Industry Developments
✅ October 2025: Schneider Electric launched an advanced smart power monitoring system integrating AI-powered analytics to optimize energy consumption and improve grid reliability for commercial and industrial users.

✅ September 2025: Eaton Corporation introduced a new series of high-precision power meters designed for enhanced real-time data accuracy in energy management systems, focusing on infrastructure modernization and smart grid projects.

✅ July 2025: Siemens unveiled a modular power monitoring solution with cloud connectivity features, enabling seamless remote monitoring and predictive maintenance for utility companies.

Japan: Key Industry Developments
✅ November 2025: Yokogawa Electric Corporation released a next-generation power monitoring platform incorporating AI for fault detection and energy optimization, supporting Japan's smart city and energy transition initiatives.

✅ October 2025: Omron Corporation launched an IoT-enabled power monitoring device emphasizing energy efficiency and integration with existing industrial automation systems, catering to Japan's manufacturing sector.

✅ August 2025: The Japanese Ministry of Economy, Trade, and Industry (METI) announced funding incentives for the deployment of advanced power monitoring technologies in smart grids to accelerate renewable energy adoption and grid modernization.

Key Merges and Acquisitions (2025):
✅ Eaton completes acquisition of Resilient Power Systems Inc: Eaton, an intelligent power management company, completed its acquisition of Resilient Power Systems Inc. The acquisition is intended to accelerate the commercialization of solid-state transformer technology for future applications in data centers and energy storage, strengthening Eaton's power distribution offerings.

✅ Schneider Electric acquires remaining stake in India JV: Schneider Electric acquired the remaining 35% stake of its Indian joint venture, Schneider Electric India Private Limited (SEIPL), from Temasek for €5.5 billion. This move reinforces its strategy for the Indian market and strengthens its power management and automation capabilities in the region.

✅ General Electric (GE) expands power monitoring with IoT acquisition: GE expanded its power monitoring system offerings by acquiring a startup specializing in IoT technologies. This acquisition aims to incorporate cutting-edge technology into its product line to enhance capabilities in real-time monitoring and predictive maintenance for smart energy solutions.

✅ ABB acquires Sensorfact: ABB acquired Sensorfact, a provider of energy management solutions that use SaaS, AI, and plug-and-play sensors to monitor and optimize energy consumption at the machine level. This acquisition strengthens ABB's digital energy management portfolio and global market reach.

Market Segmentation Analysis:
-By Type: Permanently Installed Devices Lead with 63% Market Share
Permanently installed devices dominate the power monitoring market with around 63% share in 2025. These devices offer continuous real-time monitoring of electrical parameters in fixed installations such as substations and industrial plants, enabling enhanced grid management and preventive maintenance. Portable devices hold the remaining share, valued for on-site diagnostics and temporary power audits.

-By Distribution Lines: Three-phase Four-wire System Commands Over 35% Share
The three-phase four-wire system is the leading segment with above 35% market share, mainly due to its widespread use in industrial and commercial power distribution for efficient load balancing and neutral grounding. Other systems like single-phase two-wire, single-phase three-wire, and three-phase three-wire serve residential and lighter industrial applications with smaller shares.

-By Application: Utilities & Renewables Segment Dominates with About 29% Share
Utilities & renewables lead the application segmentation with an approximate 29% share driven by large-scale electricity generation and distribution demands, particularly from renewable energy integration requiring precise power quality monitoring. Manufacturing, data centers, EV charging stations, public infrastructure, and others make up the rest of the market, each supporting specialized monitoring needs.

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Growth Drivers:
-Rising adoption of smart grids and smart meters enables real-time energy tracking and grid modernization, boosting demand for advanced monitoring solutions.​

-Integration of IoT, AI, and cloud platforms provides predictive analytics, remote monitoring, and operational efficiency across industries.​

-Government regulations and initiatives promote energy efficiency, carbon reduction, and sustainability, compelling organizations to invest in monitoring systems.​

-Surging global energy consumption from industrialization, population growth, and data centers drives the need for waste reduction and optimized usage.​

-Expansion of renewable energy sources requires precise monitoring to balance supply-demand, enhance grid reliability, and support integration.​

-Industrial automation and digitization demand high-frequency data capture for predictive maintenance, cost savings, and regulatory compliance.

Regional Insights:
-North America: North America dominates the global power monitoring market, benefiting from aging power infrastructure modernization initiatives, the integration of renewable energy, and the expansion of data centers. Strong government regulations on sustainability and energy efficiency also drive high adoption of power monitoring systems for reliable power quality and advanced energy consumption analytics.

-Asia-Pacific: The Asia-Pacific region is the fastest-growing market, with rapid industrialization, urbanization, and increasing energy demand driving growth. Government initiatives promoting energy efficiency and smart grids have led to heavy investments in power monitoring systems in countries such as China, Japan, and South Korea.

-Europe: Europe holds a substantial market share, expected to account for 27.47% by 2034. Growth is driven by stringent EU regulations on energy efficiency and carbon neutrality, the increasing integration of renewable energy sources, and the growth of electric vehicles and smart home technologies. There is a strong focus on adopting IoT-based energy management systems to meet sustainability mandates and reduce operational costs.

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Key Players:
ABB | Eaton | Siemens | General Electric | Emerson | Rockwell Automation | Mitsubishi Electric | Schneider Electric | Fuji Electric FA Components & Systems Co. Ltd. | Fluke Corporation

Key Highlights (Top 5 Key Players) for Power Monitoring Market:
-ABB Ltd. reported market revenue accounting for approximately 18-22% of the global power monitoring market, driven by advanced power monitoring solutions integrated with smart grids and AI-powered systems for real-time analysis.

-Eaton Corporation PLC recorded around 14-18% market share revenue in energy management and power quality monitoring, leveraging IoT-capable platforms and strategic collaborations to boost smart grid applications.

-Siemens generated significant revenue from power monitoring solutions as part of its industrial automation and energy management portfolio, contributing a strong presence in the evolving smart grid and digitalization market.

-General Electric also stands as a key player with robust offerings in power monitoring systems across various sectors, enhancing operational efficiency and grid reliability.

-Schneider Electric SE maintains a substantial market revenue share with a broad range of energy management and power monitoring solutions tailored for industrial and utility applications.

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