Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 DEFINITION 15
1.2.1 POWER MONITORING MARKET, BY COMPONENT: INCLUSIONS & EXCLUSIONS 16
1.2.2 POWER MONITORING MARKET, BY END-USER: INCLUSIONS & EXCLUSIONS 16
1.3 MARKET SCOPE 17
1.3.1 MARKET SEGMENTATION 17
1.3.2 REGIONAL SCOPE 17
1.4 YEARS CONSIDERED FOR THE STUDY 18
1.5 CURRENCY 18
1.6 LIMITATIONS 18
1.7 STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 22
2.1.2.2 Breakup of primaries 22
2.2 SCOPE 23
2.3 MARKET SIZE ESTIMATION 24
2.3.1 DEMAND-SIDE ANALYSIS 24
2.3.1.1 Key Assumptions 24
2.3.1.2 Calculation 24
2.3.2 FORECAST 25
2.3.3 SUPPLY-SIDE ANALYSIS 25
2.3.3.1 Assumptions and Calculations 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE POWER MONITORING MARKET 30
4.2 POWER MONITORING MARKET, BY REGION 31
4.3 POWER MONITORING MARKET, BY COMPONENT & COUNTRY 31
4.4 POWER MONITORING MARKET, BY COMPONENT 32
4.5 POWER MONITORING MARKET, BY END-USER 32

5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Increasing focus on effective utilization of power resources 34
5.2.1.2 Growing attention to reducing energy cost 34
5.2.1.3 Maximizing the reliability of electrical infrastructure 35
5.2.2 RESTRAINTS 35
5.2.2.1 Higher costs of high-end monitoring devices 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Increasing adoption of smart grid technologies 35
5.2.3.2 Growing focus on industrial developments 36
5.2.4 CHALLENGES 36
5.2.4.1 Availability of alternatives such as energy management system 36

6 POWER MONITORING MARKET, BY COMPONENT 37
6.1 INTRODUCTION 38
6.2 HARDWARE 39
6.2.1 INCREASING INVESTMENTS IN SMART TECHNOLOGY ARE EXPECTED TO DRIVE THE HARDWARE SEGMENT 39
6.2.2 METERING & COMMUNICATION DEVICES 41
6.2.3 MEASUREMENT DEVICES 42
6.3 SOFTWARE 44
6.3.1 ORGANIZING DATA TO PROVIDE MEANINGFUL INFORMATION VIA WEB INTERFACE IS EXPECTED TO DRIVE THE SOFTWARE SEGMENT 44
6.4 SERVICES 45
6.4.1 INSTALLATION OF NEW COMPONENTS AND UPGRADING THE EXISTING ONES IS EXPECTED TO DRIVE THE SERVICES SEGMENT 45

7 POWER MONITORING MARKET, BY END-USER 46
7.1 INTRODUCTION 47
7.2 MANUFACTURING & PROCESS INDUSTRY 48
7.2.1 INCREASING FOCUS ON ENERGY EFFICIENCY IS EXPECTED TO DRIVE THE MANUFACTURING & PROCESS INDUSTRY SEGMENT 48
7.3 DATA CENTER 49
7.3.1 NEED FOR RELIABLE POWER SUPPLY IS DRIVING THE DATA CENTER POWER MONITORING MARKET 49
7.4 UTILITIES & RENEWABLES 50
7.4.1 INCREASING ATTENTION TO REDUCING ENERGY COST & GROWING INVESTMENTS IN SMART GRID TECHNOLOGY ARE EXPECTED TO DRIVE THE MARKET 50
7.5 PUBLIC INFRASTRUCTURE 51
7.5.1 INCREASE IN URBANIZATION COUPLED WITH THE NEED FOR REAL-TIME MONITORING OF POWER USAGE IS EXPECTED TO DRIVE THIS SEGMENT 51
7.6 ELECTRIC VEHICLE CHARGING STATION 52
7.6.1 RISE IN GLOBAL ELECTRIC CAR FLEET IS EXPECTED TO DRIVE THIS SEGMENT 52

8 POWER MONITORING MARKET, BY REGION 53
8.1 INTRODUCTION 54
8.2 NORTH AMERICA 56
8.2.1 US 60
8.2.1.1 Increasing focus on upgrading the aging power equipment is expected to boost the demand for the US power monitoring market 60
8.2.2 CANADA 60
8.2.2.1 High maintenance costs due to the aging electricity infrastructure in Canada are likely to drive the Canadian power monitoring market 60
8.2.3 MEXICO 61
8.2.3.1 Focus on new electrical infrastructure is expected to drive the demand for the Mexican power monitoring market 61
8.3 EUROPE 62
8.3.1 GERMANY 66
8.3.1.1 Increase in renewable power generation is driving the power monitoring market 66
8.3.2 UK 66
8.3.2.1 Need to manage and monitor complex grid is driving the power monitoring market 66
8.3.3 FRANCE 67
8.3.3.1 Focus on strengthening the energy supply chain is driving the power monitoring market 67
8.3.4 ITALY 68
8.3.4.1 Need for reliable power supply and achieving energy efficiency are driving the power monitoring market 68
8.3.5 SPAIN 69
8.3.5.1 Focus on decreasing energy costs is driving the power monitoring market 69
8.3.6 REST OF EUROPE 69
8.4 ASIA PACIFIC 70
8.4.1 CHINA 73
8.4.1.1 Focus on integrating renewable energy generation and smart grid technologies is driving the market 73
8.4.2 JAPAN 74
8.4.2.1 Need for real-time communication of the power generated is driving the power monitoring market 74
8.4.3 SOUTH KOREA 75
8.4.3.1 Increasing focus on greater efficiency in power distribution is driving the power monitoring market 75
8.4.4 INDIA 76
8.4.4.1 Focus on reducing costs and monitoring the entire electrical infrastructure is driving the power monitoring market 76
8.4.5 REST OF ASIA PACIFIC 77
8.5 MIDDLE EAST & AFRICA 78
8.5.1 SAUDI ARABIA 80
8.5.1.1 Focus on reducing energy costs is expected to increase the demand for power monitoring market 80
8.5.2 UAE 81
8.5.2.1 Higher standards for energy efficiency and smart grid initiatives are expected to boost the UAE power monitoring market 81
8.5.3 SOUTH AFRICA 82
8.5.3.1 Focus on improving energy efficiency and fulfilling future energy requirements are expected to boost the South African power monitoring market 82
8.5.4 ALGERIA 83
8.5.4.1 Increasing focus on distributed energy solutions is expected to boost the Algerian power monitoring market 83
8.5.5 QATAR 83
8.5.5.1 Increasing investments in infrastructure are expected to boost the Qatari power monitoring market 83
8.5.6 REST OF MIDDLE EAST & AFRICA 84
8.6 SOUTH AMERICA 85
8.6.1 BY COUNTRY 87
8.6.2 BRAZIL 87
8.6.2.1 Investments in smart meter and pilot smart grid projects are expected to boost the power monitoring market in Brazil 87
8.6.3 ARGENTINA 88
8.6.3.1 Economic and regulatory changes in the energy sector are expected to boost the Argentinian power monitoring market 88
8.6.4 REST OF SOUTH AMERICA 89

9 COMPETITIVE LANDSCAPE 90
9.1 INTRODUCTION 90
9.2 MARKET SHARE ANALYSIS 91
9.3 COMPETITIVE SCENARIO 92
9.3.1 CONTRACTS & AGREEMENTS 93
9.3.2 MERGERS & ACQUISITIONS 93
9.3.3 NEW PRODUCT DEVELOPMENTS 94
9.3.4 OTHERS 95
9.4 COMPETITIVE LEADERSHIP MAPPING 95
9.4.1 VISIONARY LEADERS 95
9.4.2 INNOVATORS 95
9.4.3 DYNAMIC 95
9.4.4 EMERGING 96
?

10 COMPANY PROFILE 97
(Overview, product offerings, Recent Developments, and SWOT Analysis)*
10.1 SCHNEIDER ELECTRIC 97
10.2 ABB 102
10.3 EATON 104
10.4 SIEMENS 107
10.5 GENERAL ELECTRIC 110
10.6 EMERSON 113
10.7 ROCKWELL AUTOMATION 115
10.8 MITSUBISHI ELECTRIC 117
10.9 OMRON 119
10.10 YOKOGAWA 121
10.11 LITTELFUSE 123
10.12 FUJI ELECTRIC FA COMPONENTS & SYSTEMS 126
10.13 FLUKE CORPORATION 127
10.14 SAMSARA 128
10.15 ACCUENERGY 129
10.16 VERIS INDUSTRIES 130
10.17 ALBIREO ENERGY 132
10.18 VACOM TECHNOLOGIES 132
10.19 ETAP- OPERATION TECHNOLOGY 133
10.20 GREYSTONE ENERGY SYSTEMS 133
*Details on Overview, product offerings, Recent Developments, and SWOT Analysis might not be captured in case of unlisted companies.
11 APPENDIX 134
11.1 INSIGHTS OF INDUSTRY EXPERTS 134
11.2 DISCUSSION GUIDE 135
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 138
11.4 AVAILABLE CUSTOMIZATIONS 140
11.5 RELATED REPORTS 140
11.6 AUTHOR DETAILS 141



List of Figures



FIGURE 1 POWER MONITORING MARKET: RESEARCH DESIGN 20
FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING
THE DEMAND FOR THE POWER MONITORING MARKET 23
FIGURE 3 Y-O-Y INVESTMENT BY END-USER INDUSTRY IN POWER MONITORING IS
THE DETERMINING FACTOR FOR THE GLOBAL POWER MONITORING MARKET 24
FIGURE 4 EFFICIENT POWER UTILIZATION IS THE DETERMINING FACTOR FOR THE
GLOBAL POWER MONITORING MARKET 25
FIGURE 5 NORTH AMERICA DOMINATED THE POWER MONITORING MARKET IN 2018 28
FIGURE 6 HARDWARE SEGMENT IS EXPECTED TO HOLD THE LARGEST SHARE OF THE POWER MONITORING MARKET, BY COMPONENT, DURING THE FORECAST PERIOD 28
FIGURE 7 MANUFACTURING & PROCESS INDUSTRY SEGMENT IS EXPECTED TO LEAD THE POWER MONITORING MARKET, BY END-USER, DURING THE FORECAST PERIOD 29
FIGURE 8 RISE IN INVESTMENTS IN SMART GRID TECHNOLOGIES IS EXPECTED
TO DRIVE THE POWER MONITORING MARKET, 2019–2024 30
FIGURE 9 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING
THE FORECAST PERIOD (BY VOLUME) 31
FIGURE 10 HARDWARE SEGMENT AND CHINA DOMINATED THE ASIA PACIFIC
POWER MONITORING MARKET IN 2018 31
FIGURE 11 HARDWARE SEGMENT IS EXPECTED TO DOMINATE THE POWER
MONITORING MARKET, BY COMPONENT, BY 2024 32
FIGURE 12 MANUFACTURING & PROCESS INDUSTRY SEGMENT IS EXPECTED TO DOMINATE THE POWER MONITORING MARKET, BY END-USER, BY 2024 32
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 33
FIGURE 14 HARDWARE SEGMENT OF THE POWER MONITORING MARKET IS EXPECTED TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD 38
FIGURE 15 MANUFACTURING & PROCESS INDUSTRY SEGMENT IS EXPECTED TO BE THE LARGEST POWER MONITORING MARKET DURING THE FORECAST PERIOD 47
FIGURE 16 ASIA PACIFIC IS THE FASTEST GROWING REGION IN THE POWER
MONITORING MARKET 54
FIGURE 17 POWER MONITORING MARKET SHARE (VALUE), BY REGION, 2018 55
FIGURE 18 NORTH AMERICA: REGIONAL SNAPSHOT 57
FIGURE 19 EUROPE: MARKET SNAPSHOT 63
FIGURE 20 KEY DEVELOPMENTS IN THE POWER MONITORING MARKET DURING
JANUARY 2017–SEPTEMBER 2019 91
FIGURE 21 MARKET SHARE ANALYSIS, 2018 92
FIGURE 22 POWER MONITORING MARKET (GLOBAL) COMPETITIVE LEADERSHIP
MAPPING, 2018 96
FIGURE 23 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 98
FIGURE 24 ABB: COMPANY SNAPSHOT 102
FIGURE 25 EATON: COMPANY SNAPSHOT 104
FIGURE 26 SIEMENS: COMPANY SNAPSHOT 107
FIGURE 27 GENERAL ELECTRIC: COMPANY SNAPSHOT 110
FIGURE 28 EMERSON: COMPANY SNAPSHOT 113
FIGURE 29 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 115
FIGURE 30 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 117
FIGURE 31 OMRON: COMPANY SNAPSHOT 119
FIGURE 32 YOKOGAWA: COMPANY SNAPSHOT 121
FIGURE 33 LITTELFUSE: COMPANY SNAPSHOT 123

 

List of Tables



TABLE 1 POWER MONITORING MARKET: SNAPSHOT 27
TABLE 2 POWER MONITORING MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION) 38
TABLE 3 HARDWARE: POWER MONITORING MARKET, SUBCOMPONENT 2017–2024 (UNITS) 39
TABLE 4 HARDWARE: POWER MONITORING MARKET, SUBCOMPONENT 2017–2024 (USD MILLION) 39
TABLE 5 HARDWARE: POWER MONITORING MARKET, BY REGION, 2017–2024 (UNITS) 40
TABLE 6 HARDWARE: POWER MONITORING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 40
TABLE 7 METERING & COMMUNICATION DEVICES: POWER MONITORING MARKET SIZE BY REGION, 2017–2024 (UNITS) 41
TABLE 8 METERING & COMMUNICATION DEVICES: POWER MONITORING MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 42
TABLE 9 MEASUREMENT DEVICES: POWER MONITORING MARKET, BY REGION 2017–2024 (UNITS) 43
TABLE 10 MEASUREMENT DEVICES: POWER MONITORING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 43
TABLE 11 SOFTWARE: POWER MONITORING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 44
TABLE 12 SERVICES: POWER MONITORING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 45
TABLE 13 POWER MONITORING MARKET SIZE, BY END–USER, 2017–2024 (USD MILLION) 47
TABLE 14 MANUFACTURING & PROCESS INDUSTRY: POWER MONITORING MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 48
TABLE 15 DATA CENTER: POWER MONITORING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 49
TABLE 16 UTILITIES & RENEWABLES: POWER MONITORING MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 50
TABLE 17 PUBLIC INFRASTRUCTURE: POWER MONITORING MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 51
TABLE 18 ELECTRIC VEHICLE CHARGING STATION: POWER MONITORING MARKET SIZE BY REGION, 2017–2024 (USD MILLION) 52
TABLE 19 GLOBAL POWER MONITORING MARKET SIZE, BY REGION (UNITS), 2017–2024 55
TABLE 20 GLOBAL POWER MONITORING MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 56
TABLE 21 NORTH AMERICA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 57
TABLE 22 HARDWARE: NORTH AMERICA POWER MONITORING MARKET, SUBCOMPONENT, 2017–2024 (UNITS) 58
TABLE 23 HARDWARE: NORTH AMERICAN POWER MONITORING MARKET, SUBCOMPONENT, 2017–2024 (USD MILLION) 58
TABLE 24 NORTH AMERICA: POWER MONITORING MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 59
TABLE 25 NORTH AMERICA: POWER MONITORING MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 59
TABLE 26 US: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 60
TABLE 27 CANADA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 61
TABLE 28 MEXICO: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 61
TABLE 29 EUROPE: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 63
TABLE 30 HARDWARE: EUROPEAN POWER MONITORING MARKET, SUBCOMPONENT 2017–2024 (UNITS) 64
TABLE 31 HARDWARE: EUROPEAN POWER MONITORING MARKET, SUBCOMPONENT 2017–2024 (USD MILLION) 64
TABLE 32 EUROPE: POWER MONITORING MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 65
TABLE 33 EUROPE: POWER MONITORING MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 65
TABLE 34 GERMANY: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 66
TABLE 35 UK: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 67
TABLE 36 FRANCE: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 68
TABLE 37 ITALY: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 68
TABLE 38 SPAIN: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 69
TABLE 39 REST OF EUROPE: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 70
TABLE 40 ASIA PACIFIC: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 71
TABLE 41 HARDWARE: ASIA PACIFIC POWER MONITORING MARKET, SUBCOMPONENT, 2017–2024 (UNITS) 71
TABLE 42 HARDWARE: ASIA PACIFIC POWER MONITORING MARKET, SUBCOMPONENT, 2017–2024 (USD MILLION) 71
TABLE 43 ASIA PACIFIC: POWER MONITORING MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 72
TABLE 44 ASIA PACIFIC: POWER MONITORING MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 72
TABLE 45 CHINA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017– 2024 (USD MILLION) 73
TABLE 46 JAPAN: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 74
TABLE 47 SOUTH KOREA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 75
TABLE 48 INDIA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 76
TABLE 49 REST OF ASIA PACIFIC: POWER MONITORING MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 77
TABLE 50 MIDDLE EAST & AFRICA: POWER MONITORING MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 78
TABLE 51 HARDWARE: MIDDLE EAST & AFRICAN POWER MONITORING MARKET, SUBCOMPONENT, 2017–2024 (UNITS) 78
TABLE 52 HARDWARE: MIDDLE EAST & AFRICAN POWER MONITORING MARKET, SUBCOMPONENT, 2017–2024 (USD MILLION) 79
TABLE 53 MIDDLE EAST & AFRICA: POWER MONITORING MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION) 79
TABLE 54 MIDDLE EAST & AFRICA: POWER MONITORING MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 80
TABLE 55 SAUDI ARABIA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 81
TABLE 56 UAE: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 82
TABLE 57 SOUTH AFRICA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 82
TABLE 58 ALGERIA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 83
TABLE 59 QATAR: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 84
TABLE 60 REST OF MIDDLE EAST & AFRICA: POWER MONITORING MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 84
TABLE 61 SOUTH AMERICA: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 85
TABLE 62 HARDWARE: SOUTH AMERICAN POWER MONITORING MARKET, SUBCOMPONENT, 2017–2024 (UNITS) 85
TABLE 63 HARDWARE: SOUTH AMERICAN POWER MONITORING MARKET SIZE, SUBCOMPONENT, 2017–2024 (USD MILLION) 86
TABLE 64 SOUTH AMERICA: POWER MONITORING MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 86
TABLE 65 SOUTH AMERICA: POWER MONITORING MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 87
TABLE 66 BRAZIL: POWER MONITORING MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION) 88
TABLE 67 ARGENTINA: POWER MONITORING MARKETSIZE, BY COMPONENT 2017–2024 (USD MILLION) 88
TABLE 68 REST OF SOUTH AMERICA: POWER MONITORING MARKET SIZE BY COMPONENT, 2017–2024 (USD MILLION) 89
TABLE 69 DEVELOPMENTS BY KEY PLAYERS IN THE MARKET JANUARY 2017–SEPTEMBER 2019 92