Schneider Electric announced the opening of its First Smart Distribution Center in Mumbai, India.
Siemens AG launched a precise power measuring device SIRIUS 3UG546 DC load monitoring relay for DC applications
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 3674
Published Date: Apr 24, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing decentralization of the power sector and the adoption of smart grids are some of the major factors anticipated to drive the growth of the power monitoring market.
The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2035.
High initial Investment is the factor estimated to hamper the market growth.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Omron Corporation, Emerson Electric Co., Johnson Controls Inc., Silver Springs Networks, ABB Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by deployment board, component, end user, and by region.
The cloud-based segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.