Power Management System Market size was valued at US$ 5.28 Bn in 2022 and the total revenue is expected to grow at 6.97 % through 2023 to 2029, reaching nearly US$ 8.46 Bn.Power Management System Market Overview:
An electrical power management system (EPMS) is an electronic system that provides fine-grained information about the flow of power in an electrical power generation system or power substation. EPMS record and provide data about power systems and power-related events. That information is used to manage power generation efficiencies, batteries and capacitor banks, gas or steam turbine relays, and other systems in power generation stations and power substations. EPMS can visually display real-time or historical data. The system ties together with the essential data that formerly had to be checked on numerous readouts and gauges by equipment operators. Supervisory control and data acquisition systems (SCADA) systems often use EPMS, especially those used in power plants.To know about the Research Methodology :- Request Free Sample Report
Power Management System Market Characteristics:
Rockwell Automation, Inc., founded by Lynde Bradley, and owned by Blake D. Moret, is an American multinational industrial automation and IT cooperation, situated in Milwaukee, Wisconsin, United States. It provide and covered control mechanisms, industrial automation components, information software, motor control devices, sensor devices, communication networks, safety devices, and advanced manufacturing security. Rockwell Automation had revenue of USD 6.33 Billion in 2021. In 2021, the North America held the largest revenue growth of 59.4%, then Europe, Middle East and Africa together held the revenues of 19.7%, Latin America held 7.1% revenue growth, and Asia Pacific held the revenue of 13.7%.Power Management System Market Dynamics:
Electric power consumption has increased significantly in industries such as IT and telecommunications, automotive, oil and gas, aerospace and defense, and agriculture. Furthermore, rising adoption of electric vehicles and urbanization, global electricity demand is expected to rise by 57% from 2021 to 2050. As a result, the market is expected to benefit from increased demand for uninterruptible power supply. In terms of smoothing power demands, better power control is beneficial. Since the issue in energy systems is often not that total average power is too high, but that peak draw times surpass momentary power production, smoothing out peak and low demand is often very advantageous and less expensive this has created many lucrative opportunities for the key players operating in this market. As people become more aware of global warming, there is a greater demand for Power Management Systems besides, to reduce the power losses government are taking initiative by investing in the up-gradation of power grids, power plants, and other transmission systems. Electricity demand is set to increase further as a result of rising household incomes, with the electrification of transport and heat, and growing demand for digitally connected devices and air conditioning. This raises electricity’s share in total final energy consumption from 19% in 2021 to 24% in 2040 thus, there is high demand for Power Management System systems in power generation.Power Management System Market Segment Analysis:
Based on Type, the global market is segmented into Hardware, Software and Services. The Software segment held the largest market share of xx% in 2022. Because of advance technologies in the field of software and also new version release. So, this major factor may drive the growth of software segment in the global power management system during the forecast period. Based on End-Use, the global market is segmented into Oil & Gas, Marine, Chemicals and Pharmaceuticals, Paper and Pulp, Metals and Mining, Utilities and Data Centers. The Oil & Gas segment held the largest market share of 25.81% in 2022. Many power management system companies have built up a large installed base at leading oil and gas, petroleum, and chemical companies throughout the world. The power management system thus combines automation and power technology to improve or increase production and operation efficiency. Developments in methods for identifying oil and gas fields and as many new gas & oil deposits are found which in turn has to support the market growth.Regional Insights:
Asia Pacific dominate the global market during the forecast period 2023-2029. Asia Pacific held the largest market share 32.59% in 2022. The growth of electricity demand is expected to drive the portable fueled market especially high in developing economies. Government policies, market dynamics, and available technology have all combined to set the stage for a change in electricity supply toward low-carbon sources, with their share rising from 36% today to 52% in 2040. Rising digitalization and electrification were partially offset by increases in energy efficiency. Increasing wages, expanding industrial production, and a growing services sector all drive demand higher in developing economies. By 2040, developing economies will account for nearly 90% of global electricity demand growth. North America has a prominent position in the market thanks to the US government's initiative to upgrade its infrastructure. In countries in Europe such as Germany, Italy, France, and the United Kingdom market growth in these countries is because of rapid industrialization. The objective of the report is to present a comprehensive analysis of the global Power Management System Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Power Management System Market dynamic, structure by analyzing the market segments and project the global Power Management System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Power Management System Market make the report investor’s guide.Power Management System Market Scope: Inquire before buying
Power Management System Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.28 Bn. Forecast Period 2023 to 2029 CAGR: 6.97% Market Size in 2029: US $ 8.46 Bn. Segments Covered: by Type Hardware Software Services by Module Power Monitoring and Control Load Shedding and Management Energy Cost Accounting Switching and Safety Management Power Simulator Generator Controls Data Historian Others by End users Oil & Gas Marine Chemicals and Pharmaceuticals Paper and Pulp Metals and Mining Utilities Data Centers Others Power Management System Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players
1. ABB 2. Siemens 3. Eaton 4. GE 5. ETAP 6. Wartsila 7. Mitsubishi 8. Rockwell Automation 9. Mitsubishi Electric 10. Emerson 11. Schneider Electric 12. L&T 13. Fuji Electric 14. Noris Group GMBH 15. ComAp AS 16. Brush Group 17. C3 Energy 18. Daikin Industries 19. Daintree Networks 20. Jones Sang LaSalle 21. Gridpoint Inc. 22. Honeywell International Inc. 23. Elster Group GmbH 24. IBM 25. Toshiba Corporation 26. Johnson’s Control International Frequently Asked Questions: 1] What segments are covered in Power Management System Market report? Ans. The segments covered in Power Management System Market report are based on Type, Module, and End-Use. 2] Which region is expected to hold the highest share in the global Power Management System Market? Ans. Asia Pacific is expected to hold the highest share in the global Power Management System Market. 3] What is the market size of global Power Management System Market by 2029? Ans. The market size of global Power Management System Market by 2029 is US $ 8.46 Bn. 4] Who are the top key players in the global Power Management System Market? Ans. ABB, Siemens, Eaton, GE, ETAP, Wartsila, Mitsubishi, and Rockwell Automation are the top key players in the global Power Management System Market. 5] What was the market size of global Power Management System Market in 2022? Ans. The market size of global Power Management System Market in 2022 was US $ 5.28 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Power Management System Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Power Management System Market 3.4. Geographical Snapshot of the Power Management System Market, By Manufacturer share 4. Global Power Management System Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Power Management System Market 5. Supply Side and Demand Side Indicators 6. Global Power Management System Market Analysis and Forecast, 2022-2029 6.1. Global Power Management System Market Size & Y-o-Y Growth Analysis. 7. Global Power Management System Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Hardware 7.1.2. Software 7.1.3. Services 7.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 7.2.1. Power Monitoring and Control 7.2.2. Load Shedding and Management 7.2.3. Energy Cost Accounting 7.2.4. Switching and Safety Management 7.2.5. Power Simulator 7.2.6. Generator Controls 7.2.7. Data Historian 7.2.8. Others 7.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 7.3.1. Oil & Gas 7.3.2. Marine 7.3.3. Chemicals and Pharmaceuticals 7.3.4. Paper and Pulp 7.3.5. Metals and Mining 7.3.6. Utilities 7.3.7. Data Centers 7.3.8. Others 8. Global Power Management System Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Power Management System Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Hardware 9.1.2. Software 9.1.3. Services 9.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 9.2.1. Power Monitoring and Control 9.2.2. Load Shedding and Management 9.2.3. Energy Cost Accounting 9.2.4. Switching and Safety Management 9.2.5. Power Simulator 9.2.6. Generator Controls 9.2.7. Data Historian 9.2.8. Others 9.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 9.3.1. Oil & Gas 9.3.2. Marine 9.3.3. Chemicals and Pharmaceuticals 9.3.4. Paper and Pulp 9.3.5. Metals and Mining 9.3.6. Utilities 9.3.7. Data Centers 9.3.8. Others 10. North America Power Management System Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Power Management System Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 12. Canada Power Management System Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 13. Mexico Power Management System Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 14. Europe Power Management System Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 15. Europe Power Management System Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Power Management System Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 17. France Power Management System Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 18. Germany Power Management System Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 19. Italy Power Management System Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 20. Spain Power Management System Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 21. Sweden Power Management System Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 22. CIS Countries Power Management System Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 23. Rest of Europe Power Management System Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 24. Asia Pacific Power Management System Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 25. Asia Pacific Power Management System Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Power Management System Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 27. India Power Management System Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 28. Japan Power Management System Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 29. South Korea Power Management System Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 30. Australia Power Management System Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 31. ASEAN Power Management System Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 32. Rest of Asia Pacific Power Management System Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 33. Middle East Africa Power Management System Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 34. Middle East Africa Power Management System Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Power Management System Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 36. GCC Countries Power Management System Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 37. Egypt Power Management System Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 38. Nigeria Power Management System Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 39. Rest of ME&A Power Management System Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 40. South America Power Management System Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 41. South America Power Management System Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Power Management System Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 43. Argentina Power Management System Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 44. Rest of South America Power Management System Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Module, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Power Management System Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. ABB 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Siemens 45.3.3. Eaton 45.3.4. GE 45.3.5. ETAP 45.3.6. Wartsila 45.3.7. Mitsubishi 45.3.8. Rockwell Automation 45.3.9. Mitsubishi Electric 45.3.10. Emerson 45.3.11. Schneider Electric 45.3.12. L&T 45.3.13. Fuji Electric 45.3.14. Noris Group GMBH 45.3.15. ComAp AS 45.3.16. Brush Group 45.3.17. C3 Energy 45.3.18. Daikin Industries 45.3.19. Daintree Networks 45.3.20. Jones Sang LaSalle 45.3.21. Gridpoint Inc. 45.3.22. Honeywell International Inc. 45.3.23. Elster Group GmbH 45.3.24. IBM 45.3.25. Toshiba Corporation 45.3.26. Johnson’s Control International 45.3.27. Other Key Players 46. Primary Key Insights