Eaton launched a remote monitoring application designed specifically for industrial process customers. This new offering is an expansion of Eaton's portfolio of intelligent power management solutions. It leverages Eaton's digital foundation to enable industrial customers to optimize power utilization. The goal is to enhance power management and make informed decisions based on the collected information.
Analog Devices, Inc. introduced an enhanced range of battery management system products. This expanded portfolio incorporates ASIL-D functional safety capabilities. The products also feature innovative low-power functionalities. These advancements enable the uninterrupted monitoring of batteries.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5301
Published Date: Oct 09, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing investments in smart grid deployment projects are the major factors driving the market growth.
The market size of power monitoring device is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.
The major players in the market are ABB Ltd, Siemens Aktiengesellschaft, Emerson Electric Co., FINDER S.p.A., PHOENIX CONTACT, Weidmuller Interface GmbH & Co. KG, Rockwell Automation Inc., and others.
The measuring & monitoring systems segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.