Industrial Power Monitoring System Market Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027

Power distribution, backup power systems, and power quality in core operations and utilities can all be monitored with industrial power monitoring systems. It provides the precise data needed to avoid tripped circuits, detect power issues, and balance loads. They are energy efficient because they are aware of the total power consumption of the data center or facility and use that knowledge to optimize server use, UPS efficiency, and other factors.

Industrial Power Monitoring Systems also track an industry’s power use in order to generate a utility bill for the energy consumed. If power fluctuates even for a second, data can be lost or distorted. A brief disruption can result in data loss that takes hours to repair. It can also cause critical systems and procedures to fail, as well as harm-sensitive components.

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Industrial power monitoring systems can manage or remotely control an enterprise-wide network of many UPSs or provide power protection to complete infrastructure. It provides near real-time or real-time conditions of power throughout the industry, monitors UPSs, notifies automatically if there is any device failure, conducts orderly unattended shutdowns, and selectively shuts down noncritical systems. Power Monitoring Systems are generally used in Healthcare institutions, electronic industry, telecommunication, governmental and financial organizations.

Manufacturing Plants, Energy, and Utilities, Mining and Metallurgy as well as commercial establishment, etc., where the electric system is complex and huge, call for centralized monitoring of energy, power, and control. The industrial power monitoring system helps an industrial enterprise to monitor power distribution and consumption and achieve energy efficiency through well laid out procedures and methods aiding in overall cost savings. This savings vary from savings in energy unit consumed per hour, maximum demand charges, controlling energy wastages thus enabling better utilization of man power and avoidance of critical break down in the electrical systems etc.

Regional Outlook

Western Europe and United states owns a lion’s share in Industrial Power Monitoring systems supported by penalty based environmental regulations and high awareness of economic energy conservation.  Technological modernization of Industrial Sectors in Mid East Africa and Asia Pacific contributes to Industrial power Monitoring System market and has potential to see sizable growth in future as well.

Key Players

  • ABB Ltd
  • CISCO System
  • Emerson Electric Company
  • Eaton Corporation PLC
  • EnerNOC, Inc.
  • General Electric Company
  • Honeywell International, Inc.
  • Rockwell Automation
  • Schneider Electric SE
  • Siemens AG

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Industrial Power Monitoring System Market: Dynamics

The global Industrial Power monitoring systems Market has been driven by the increasing adoption of voluntary or mandatory energy management systems & widespread environmental regulations against energy wastage. Industrial power monitoring systems ability to communicate and monitor the components of power distribution from any place and anytime to avoid these critical losses resulting in high demand of Industrial Power monitoring systems.

Industrial Power monitoring systems are projected to find a high scope of application in some particular sectors like telecommunication (for remote monitoring and notification), healthcare, governmental and financial organizations where data is sensitive and require trouble-free operations.

Industrial power monitoring systems have gradually gained the interest of electronic and manufacturing industries as they help inefficient utilization of power resources, reduce energy costs, and maximize the reliability of electrical infrastructure; nevertheless, its implementation and adaption arise with barriers and challenges like initial high investment cost,  shortage of skilled resources. Also, hidden cost and a longer payback period is hindering the market of the Industrial Power Monitoring System.

By Segmentation

Segmentation of Industrial Power Monitoring system by Control System Employed:

  • PLC (Programmable Logic controls)
  • SCADA (supervisory control and data acquisition)
  • DCS (distributed control system)

Segmentation of Industrial Power Monitoring system by Technology:

  • MDM (meter data management)
  • PLCS (peak load control system)
  • DRMS (demand response management solution)
  • EMIS (energy management information system)

Segmentation of Industrial Power Monitoring system by application:

  • Mining And Metals
  • Power Generation and Transmission
  • Oil And Gas
  • Data Centers and Server Rooms
  • General Manufacturing

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