The Global Power Monitoring Market is expected to grow with a CAGR of 6.4% from 2024 to 2030

Power Monitoring Market

CITY, Country, 2023-Oct-19 — /EPR Network/ —

According to a market report by Lucintel, the future of the global power monitoring market looks promising with opportunities in the manufacturing & process, datacenter, utilities & renewable, public infrastructure, and electric vehicle charging station markets. The global power monitoring market is expected to reach an estimated $7.87 billion by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are increasing need for efficient utilization of power resources and rising adoption of smart grid technologies.

In this market, hardware, software, and services are the major segments of power monitoring market by component.

Lucintel forecasts that hardware will remain the largest over the forecast period due to rising number of smart grid projects to install smart meters to reduce carbon emissions.

Within this market, data center is expected to witness highest growth due to huge investments in the it hubs and growing need for monitoring of the electrical power distribution infrastructure.

North America  will remain the largest region over the forecast period due to growing need for upgrading the aging power infrastructure in the region.

Schneider Electric, ABB, Eaton, Siemens, General Electric, Emerson, and Rockwell Automation are the major suppliers in the power monitoring market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

Related reports

1.Waste Management and Remediation Services Market

 

2.Steam Turbine Market

 

3.Steam Turbine MRO Market

 

  1. Gas Turbine MRO Market

 

  1. Gas Turbine Market For Power Generation Market

 

  1. Oil and Gas Field Equipment and Services Market

 

  1. Wind Operation and Maintenance Services Market

 

  1. Solar Photovoltaic Operation and Maintenance Market

 

  1. Green Transformer Market

 

  1. Generator Sales Market

 

Matched content

Editor’s pick

Express Press Release Distribution