Power Monitoring And Control Software Market size to grow by USD 3,433.02 million from 2022 to 2027; Growth driven by rising use of solar and wind

NEW YORK, May 19, 2023 /PRNewswire/ -- The latest report on the power monitoring and control software market, 2023-2027 estimates to register an incremental growth of USD 3433.02 million, at a CAGR of 5.59% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The rising use of solar and wind-generated power is notably driving the market growth, although factors such as concerns over cyber threats may impede the market growth. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report

Power Monitoring And Control Software Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Fortive Corp., Fuji Electric Co. Ltd., General Electric Co., Honeywell International Inc., ITRS Group Ltd., Legrand SA, Littelfuse Inc., Mitsubishi Electric Corp., OMRON Corp., Packet Power LLC, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Sons Pvt. Ltd., Tenzing Corp., Vertiv Holdings Co., and Yokogawa Electric Corp. are among some of the major market participants.

global.abb- The company offers steel tubes of various shapes and sizes based on individual customer needs, offering round, square, rectangular, oval, semi-oval, octagonal, elliptical and special shaped steel tubes for precision applications.

eaton.com- The company offers steel tubes that includes a range of precision steel tubes with the entire range of seamless and welded precision, steel and stainless steel tubes in the dimension range from around 0.25 x 0.05 mm to 660 x 100 mm.

ge.com- The company offers steel tubes that are used for applications in digesters, fluid piping, LP/HP heaters and other evaporators.

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Global competitiveness and key competitor positions

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Power Monitoring and Control Software Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

Power Monitoring and Control Software Market 2023-2027 Size

Power Monitoring and Control Software Market 2023-2027 Trends

Power Monitoring and Control Software Market 2023-2027 Industry Analysis

Market Driver

Growing need for efficient power monitoring and control

Rising use of solar and wind-generated power

Advent of automation and IoT in industrial applications

Market Trend

Increasing focus on energy efficiency

High adoption in data centers

Rising need for power distribution analysis among power utilities

Market Challenges

Concerns over cyber threats

Availability of open-source software

Lack of expertise and financial resource affecting adoption and use

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. Download Sample reports

Power Monitoring and Control Software Market 2023-2027: Segmentation

Power Monitoring and Control Software Market is segmented as below:

Application

Deployment

Geography

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Power Monitoring and Control Software Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027

Detailed information on factors that will assist power monitoring and control software market growth during the next five years

Estimation of the power monitoring and control software market size and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the power monitoring and control software market

Analysis of the market's competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of power monitoring and control software market, vendors

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Power Monitoring And Control Software Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.59%

Market growth 2023-2027

USD 3433.02 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.76

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 29%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Fortive Corp., Fuji Electric Co. Ltd., General Electric Co., Honeywell International Inc., ITRS Group Ltd., Legrand SA, Littelfuse Inc., Mitsubishi Electric Corp., OMRON Corp., Packet Power LLC, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Sons Pvt. Ltd., Tenzing Corp., Vertiv Holdings Co., and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global power monitoring and control software market 2017 - 2021

4.2 Application Segment Analysis 2017 - 2021

4.3 Deployment Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments

6.2 Comparison by Application

6.3 Industrial - Market size and forecast 2022-2027

6.4 Commercial - Market size and forecast 2022-2027

6.5 Residential - Market size and forecast 2022-2027

6.6 Market opportunity by Application

7 Market Segmentation by Deployment

7.1 Market segments

7.2 Comparison by Deployment

7.3 Cloud - Market size and forecast 2022-2027

7.4 On-premises - Market size and forecast 2022-2027

7.5 Market opportunity by Deployment

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 Europe - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 APAC - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 Canada - Market size and forecast 2022-2027

9.12 UK - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 ABB Ltd.

12.4 Eaton Corp. Plc

12.5 Emerson Electric Co.

12.6 Fortive Corp.

12.7 Fuji Electric Co. Ltd.

12.8 General Electric Co.

12.9 Honeywell International Inc.

12.10 Legrand SA

12.11 Littelfuse Inc.

12.12 Mitsubishi Electric Corp.

12.13 OMRON Corp.

12.14 Rockwell Automation Inc.

12.15 Schneider Electric SE

12.16 Siemens AG

12.17 Tenzing Corp.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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