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Global Power Monitoring Market by Component, End-user & Region - Forecast to 2024DUBLIN, Nov. 21, 2019 /PRNewswire/ -- The "Power Monitoring Market by Component (Hardware, Software, Services), End-User (Manufacturing & Process Industry, Datacentres, Utilities & Renewables, Public Infrastructure, Electric Vehicle Charging Stations), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering. The power monitoring market is estimated to be USD 3.8 billion in 2019 and projected to reach USD 5.2 billion by 2024, at a CAGR of 6.1%. There is an increasing focus on the efficient utilization of power resources. The power monitoring system plays a vital role by reducing energy costs and maximizing the reliability of electrical infrastructure. It hence offers opportunities for the increasing adoption of smart grid technologies. The global power monitoring market is dominated by a few major players that have an extensive regional presence. The leading players in the power monitoring are Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Siemens (Germany), General Electric (US), Emerson (US), Rockwell Automation (US), Mitsubishi Electric (Japan), Omron (Japan), Yokogawa (Japan). Hardware segment of power monitoring dominates the global market Key Topics Covered 1 Introduction 4 Premium Insights 4.1 Attractive Opportunities in the Power Monitoring Market 4.2 Power Monitoring Market, By Region 4.3 Power Monitoring Market, By Component & Country 4.4 Power Monitoring Market, By Component 4.5 Power Monitoring Market, By End-user 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Focus on Effective Utilization of Power Resources 5.2.1.2 Growing Attention to Reducing Energy Cost 5.2.1.3 Maximizing the Reliability of Electrical Infrastructure 5.2.2 Restraints 5.2.2.1 Higher Costs of High-End Monitoring Devices 5.2.3 Opportunities 5.2.3.1 Increasing Adoption of Smart Grid Technologies 5.2.3.2 Growing Focus on Industrial Developments 5.2.4 Challenges 5.2.4.1 Availability of Alternatives Such as Energy Management System 6 Power Monitoring Market, By Component 6.1 Introduction 6.2 Hardware 6.2.1 Increasing Investments in Smart Technology are Expected to Drive the Hardware Segment 6.2.2 Metering & Communication Devices 6.2.3 Measurement Devices 6.3 Software 6.3.1 Organizing Data to Provide Meaningful Information Via Web Interface is Expected to Drive the Software Segment 6.4 Services 6.4.1 Installation of New Components and Upgrading the Existing Ones is Expected to Drive the Services Segment 7 Power Monitoring Market, By End-User 7.1 Introduction 7.2 Manufacturing & Process Industry 7.2.1 Increasing Focus on Energy Efficiency is Expected to Drive the Manufacturing & Process Industry Segment 7.3 Data Center 7.3.1 Need for Reliable Power Supply is Driving the Data Center Power Monitoring Market 7.4 Utilities & Renewables 7.4.1 Increasing Attention to Reducing Energy Cost & Growing Investments in Smart Grid Technology are Expected to Drive the Market 7.5 Public Infrastructure 7.5.1 Increase in Urbanization Coupled With the Need for Real-Time Monitoring of Power Usage is Expected to Drive This Segment 7.6 Electric Vehicle Charging Station 7.6.1 Rise in Global Electric Car Fleet is Expected to Drive This Segment 8 Power Monitoring Market, By Region 8.1 Introduction 8.2 North America 8.2.1 US 8.2.1.1 Increasing Focus on Upgrading the Aging Power Equipment is Expected to Boost the Demand for the US Power Monitoring Market 8.2.2 Canada 8.2.2.1 High Maintenance Costs Due to the Aging Electricity Infrastructure in Canada are Likely to Drive the Canadian Power Monitoring Market 8.2.3 Mexico 8.2.3.1 Focus on New Electrical Infrastructure is Expected to Drive the Demand for the Mexican Power Monitoring Market 8.3 Europe 8.3.1 Germany 8.3.1.1 Increase in Renewable Power Generation is Driving the Power Monitoring Market 8.3.2 UK 8.3.2.1 Need to Manage and Monitor Complex Grid is Driving the Power Monitoring Market 8.3.3 France 8.3.3.1 Focus on Strengthening the Energy Supply Chain is Driving the Power Monitoring Market 8.3.4 Italy 8.3.4.1 Need for Reliable Power Supply and Achieving Energy Efficiency are Driving the Power Monitoring Market 8.3.5 Spain 8.3.5.1 Focus on Decreasing Energy Costs is Driving the Power Monitoring Market 8.3.6 Rest of Europe 8.4 Asia Pacific 8.4.1 China 8.4.1.1 Focus on Integrating Renewable Energy Generation and Smart Grid Technologies is Driving the Market 8.4.2 Japan 8.4.2.1 Need for Real-Time Communication of the Power Generated is Driving the Power Monitoring Market 8.4.3 South Korea 8.4.3.1 Increasing Focus on Greater Efficiency in Power Distribution is Driving the Power Monitoring Market 8.4.4 India 8.4.4.1 Focus on Reducing Costs and Monitoring the Entire Electrical Infrastructure is Driving the Power Monitoring Market 8.4.5 Rest of Asia Pacific 8.5 Middle East & Africa 8.5.1 Saudi Arabia 8.5.1.1 Focus on Reducing Energy Costs is Expected to Increase the Demand for Power Monitoring Market 8.5.2 UAE 8.5.2.1 Higher Standards for Energy Efficiency and Smart Grid Initiatives are Expected to Boost the UAE Power Monitoring Market 8.5.3 South Africa 8.5.3.1 Focus on Improving Energy Efficiency and Fulfilling Future Energy Requirements are Expected to Boost the South African Power Monitoring Market 8.5.4 Algeria 8.5.4.1 Increasing Focus on Distributed Energy Solutions is Expected to Boost the Algerian Power Monitoring Market 8.5.5 Qatar 8.5.5.1 Increasing Investments in Infrastructure are Expected to Boost the Qatari Power Monitoring Market 8.5.6 Rest of Middle East & Africa 8.6 South America 8.6.1 By Country 8.6.2 Brazil 8.6.2.1 Investments in Smart Meter and Pilot Smart Grid Projects are Expected to Boost the Power Monitoring Market in Brazil 8.6.3 Argentina 8.6.3.1 Economic and Regulatory Changes in the Energy Sector are Expected to Boost the Argentinian Power Monitoring Market 8.6.4 Rest of South America 9 Competitive Landscape 9.1 Introduction 9.2 Market Share Analysis 9.3 Competitive Scenario 9.3.1 Contracts & Agreements 9.3.2 Mergers & Acquisitions 9.3.3 New Product Developments 9.3.4 Others 9.4 Competitive Leadership Mapping 9.4.1 Visionary Leaders 9.4.2 Innovators 9.4.3 Dynamic 9.4.4 Emerging 10 Company Profiles Overview, Product Offerings, Recent Developments, and SWOT Analysis 10.1 Schneider Electric 10.2 ABB 10.3 Eaton 10.4 Siemens 10.5 General Electric 10.6 Emerson 10.7 Rockwell Automation 10.8 Mitsubishi Electric 10.9 Omron 10.10 Yokogawa 10.11 Littelfuse 10.12 Fuji Electric Fa Components & Systems 10.13 Fluke Corporation 10.14 Samsara 10.15 Accuenergy 10.16 Veris Industries 10.17 Albireo Energy 10.18 Vacom Technologies 10.19 ETAP - Operation Technology 10.20 Greystone Energy Systems For more information about this report visit https://www.researchandmarkets.com/r/5esc77 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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