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Pulished Date April, 2021
ID: 10466
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Power Management System Market Segmentation By Type (Hardware, Software, Services), By Module (Power Monitoring, Load Shredding, Power Simulator, Generator Controls), By End-User (Oil & Gas, Marine, Metals & Mining, Data Centers), and Region - Industry Forecast of 2021 to 2026

Pulished: April, 2021
ID: 10466
Pages: 175

Power Management System Market Size, Share, Growth Analysis (2021-2026):

The global power management system market was valued at $ 3.38 billion in 2021 and is predicted to reach $ 5.89 billion in 2026, with a CAGR of 6.41%, over the foreseen period.

The escalating call for energy efficiency in manufacturing, the rise of renewable energy installation in the industry, and the rising adoption of IoT and cloud platforms are driving the worldwide market for energy management systems. The power Management System market decreases production interruptions by offering a constant power supply and escalates the reliability of the power supply system. The PMS supports automatic timing mechanisms that allow the field to reconnect to the utility grid in the event of a power outage and deficit. As sustainable energy infrastructure and smart grids enter industry peripherals, the renewal and replacement of the current grid require safe and secure operations, escalating the market share of the energy management system. Rapid migration from the suburbs has led to a substantial increase in energy consumption which in turn has further enhanced the incorporation of electrical system upgrade equipment. Now, a favorable shift in consumers and regulations towards the adoption of a safe electrical grid will drive the overall dynamics of the industry.

Power Management System Market Trends:

A power management system market is employed to maintain advanced load distribution, generator on or off, fuel improvement and switching operation, etc. The improving call for energy management systems due to their energy-efficient characteristics will create expansion opportunities for the market.

Power Management System Recent Developments in Industry:

  • Hexcel launches its first IoT smart power management solution, Monolith. HEXAL, an innovative start-up specializing in hardware, information technology and ubiquitous computing, announced the launch of Monolith, the world's first universal and intelligent electronic e-Butler, designed to help today's connected consumers to manage digital devices.
  • Honeywell has launched its new Inncom Specter energy control, an efficient and easy-to-install lighting and energy management system that meets California Title 24 requirements. Specter extends occupancy detection to lights and outlets from the bedroom to save energy while also providing welcome lights when a guest enters the room.

Power Management System Market Drivers

Strong government policy on energy efficiency is a key driver in the expansion of the global power management system market. Energy efficiency measures are included in the building codes and standards of most developed and developing economies. In recent years, various government regulations have been implemented to adopt a safe and cost-effective source of energy as an alternative to the traditional source of energy. Electric power price volatility, strict government policies and regulations, various incentives, and the escalating adoption of PMS in building automation are key market drivers around the world. Escalating economic expansion, rapid industrialization, and increased government initiatives for energy consumption are some of the key market drivers in the region.

Restraints in the Power Management System Market:

The main factor limiting market expansion is the risk to data security. The rising frequency of viruses and cyberattacks creates security problems.

Opportunities in the Power Management System Market:

The worldwide market for power management system market is predicted to experience substantial expansion and a number of factors are responsible for this rapid expansion. An important factor driving the market is the growing trend towards achieving energy efficiency. Also, the escalating adoption of power management solutions for industrial development in all different vertical markets is also contributing to the expansion of the overall market. Also, factors such as increased awareness of energy efficiency among all residential users are also predicted to drive overall market expansion. In addition, it is predicted to provide substantial expansion for players in the home solutions and services market, thus generating more profits. In addition, the growing call for energy-efficient solutions in end-use categories, such as commercial sites, offices and enterprises, will also drive market expansion. This is done in order to minimize operating costs by efficiently using energy consumption in industries by creating PMS solutions for years to come.

Challenges in the Power Management System Market:

Valuable information can be stolen by malicious viruses from PMS system computer systems, which can lead to significant losses for industries. The high initial investment cost rate, as well as the longer reading duration, can hamper market expansion. This can be a loss for both regional manufacturers and SMEs.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

6.41%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

 Schneider Electric SE, Siemens AG, Honeywell International Inc., Johnson Controls International plc, ABB Ltd., Emerson Electric Co., International Business Machines Corporation, Eaton Corporation plc, Cisco Systems, Delta Electronics Inc., GridPoint Inc., Yokogawa Electric Corporation, and DEXMA Inc

Power Management System Market

Power Management System Market Segmentation:

By type:

  • Hardware
  • Software
  • Services

The software segment is predicted to be the largest due to updating existing software to the latest versions and future technologies.

By module:

  • Power Monitoring
  • Load Shredding
  • Power Simulator
  • Generator Controls

The energy monitoring and control modules segment is estimated to have the largest market share during the foreseen period.

By end user:

  • Oil & Gas
  • Marine
  • Metals and mining
  • Data Centers

The marine segment is foreseen to have the largest market share by 2026. The expansion of the shipbuilding industry in the Asia-Pacific region and Europe is predicted to drive the demand for this segment.

Power Management System market Regional Analysis:
The Power Management System market report includes the segmentation of Regions with their respective Countries.

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Asia-Pacific is predicted to dominate the power management system market during the foreseen period. The rise of the manufacturing sector along with other industries such as metals, mining and the data center is the key driver of the market in the Asia-Pacific area. In the current industry scenario, the energy sector in Asia-Pacific and the Middle East and Africa has seen expansion due to the escalating call for efficient T&D infrastructure. The escalating call for retrofitting of traditional electrical installations, in line with the escalating flow of funds through the electrical grid, will drive the market for power management system market. The strong expansion in the APAC region can be attributed to the rise of shipbuilding industries and the increasing manufacturing sector in countries such as China and India. The escalating call for energy efficient systems is also one of the factors behind the overall expansion of the market. The developments in the manufacturing sector in economies such as China and India and the growth of the oil and gas sector in North America are predicted to drive call for electricity monitoring and control modules during the foreseen period. China's rise as one of the major maritime powers and the largest shipbuilder in terms of gross tonnage and value bodes well for market expansion.

Power Management System Market Key Players:

Some of the prominent market players include Schneider Electric SE, Siemens AG, Honeywell International Inc., Johnson Controls International plc, ABB Ltd., Emerson Electric Co., International Business Machines Corporation, Eaton Corporation plc, Cisco Systems, Delta Electronics Inc., GridPoint Inc., Yokogawa Electric Corporation, and DEXMA Inc.

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Power Management System Market, By Type                          

                             6.1.1 Hardware

                             6.1.2 Software 

                             6.1.3 Services   

                             6.1.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.5 Y-o-Y Growth Rate Analysis            

                             6.1.6 Market Attractiveness Index          

              6.2 Power Management System Market, By Module                     

                             6.2.1 Power Monitoring

                             6.2.2 Load Shredding    

                             6.2.3 Power Simulator  

                             6.2.4 Generator Controls           

                             6.2.5 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.6 Y-o-Y Growth Rate Analysis            

                             6.2.7 Market Attractiveness Index          

              6.3 Power Management System Market, By End-User                  

                             6.3.1 Oil & Gas 

                             6.3.2 Marine     

                             6.3.3 Metals & Mining  

                             6.3.4 Data Centers         

                             6.3.5 Market Size Estimations & Forecasts (2019-2024) 

                             6.3.6 Y-o-Y Growth Rate Analysis            

                             6.3.7 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Type    

                             7.2.3 By Module             

                             7.2.4 By End-User          

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Type    

                             7.3.3 By Module             

                             7.3.4 By End-User          

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Type    

                             7.4.3 By Module             

                             7.4.4 By End-User          

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Type    

                             7.5.3 By Module             

                             7.5.4 By End-User          

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Type    

                             7.6.3 By Module             

                             7.6.4 By End-User          

8. Key Player Analysis                                

              8.1 Schneider Electric SE                           

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Siemens AG              

              8.3 Honeywell International Inc              

              8.4 Johnson Controls International plc                

              8.5 ABB Ltd                      

              8.6 Emerson Electric Co              

              8.7 International Business Machines Corporation                         

              8.8 Eaton Corporation plc                        

              8.9 Cisco Systems                         

              8.10 Delta Electronics Inc                          

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Power Management System Market By Region, From 2021-2026 ( USD Billion )

  2. Global Power Management System Market By Type, From 2021-2026 ( USD Billion )

  3. Global Hardware Market By Region, From 2021-2026 ( USD Billion )

  4. Global Software Market By Region, From 2021-2026 ( USD Billion )

  5. Global Services Market By Region, From 2021-2026 ( USD Billion )

  6. Global Power Management System Market By Module, From 2021-2026 ( USD Billion )

  7. Global Power Monitoring Market By Region, From 2021-2026 ( USD Billion )

  8. Global Load Shredding Market By Region, From 2021-2026 ( USD Billion )

  9. Global Power Simulator Market By Region, From 2021-2026 ( USD Billion )

  10. Global Generator Controls Market By Region, From 2021-2026 ( USD Billion )

  11. Global Power Management System Market By End-User, From 2021-2026 ( USD Billion )

  12. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )

  13. Global Marine Market By Region, From 2021-2026 ( USD Billion )

  14. Global Metals & Mining Market By Region, From 2021-2026 ( USD Billion )

  15. Global Data Centers Market By Region, From 2021-2026 ( USD Billion )

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