Industrial Power Monitoring System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Industrial Power Monitoring System Market: Introduction

Manufacturing Plants, Energy and Utilities, Mining and Metallurgy as well as commercial establishment etc., where electric system is complex and huge, call for centralized monitoring of energy, power and control. The industrial power monitoring system helps an industrial enterprise to monitor power distribution and consumption and achieve energy efficiency through well laid out procedures and methods aiding in overall cost savings. This savings vary from savings in energy unit consumed per hour, maximum demand charges, controlling energy wastages thus enabling better utilization of man power and avoidance of critical break down in the electrical systems etc.

Industrial Power monitoring systems supports the ability to monitor status of power distribution, backup power system and power quality involved in core operations and utilities. It delivers detailed information required to prevent tripped circuits, diagnose power problems and balance loads. They are energy efficient as they understand total power usage of the data center or the facility, and use that information to maintain sever utilization, UPS efficiency and more. Industrial Power Monitoring Systems also track the power consumption of an industry to calculate utility bill for the energy being used by the facility. The related data can be lost or corrupted If Power fluctuates even for a second. A momentarily disturbance can trigger a damage that requires hours of data recovery time. Also, can cause malfunction in crucial servers and processes and can damage sensitive components.

Industrial power monitoring systems can manage or remotely control an enterprise wide network of many UPSs or provide power protection to complete infrastructure. It provides near real time or real time condition of power throughout the industry, monitors UPSs, notify automatically if there is any device failure, conduct orderly unattended shutdowns and selectively shut downs non critical systems. Power Monitoring Systems are generally used in Healthcare institutions, electronic industry, telecommunication, governmental and financial organizations.

Industrial Power Monitoring System Market: Dynamics

Global Industrial Power monitoring systems Market has been driven by increasing adoption of voluntary or mandatory energy management systems & widespread environmental regulations against energy wastage. Industrial power monitoring systems ability to communicate and monitor the components of power distribution from anyplace and anytime to avoid these critical loses resulting in high demand of Industrial Power monitoring systems.

Industrial Power monitoring systems are projected to find a high scope of application in some particular sectors like telecommunication (for remote monitoring and notification), healthcare, governmental and financial organization where data is sensitive and require trouble free operations.

Industrial power monitoring systems have gradually gained interest of electronic and manufacturing industries as they help in efficient utilization of power resources, reduce energy costs, and maximizing the reliability of electrical infrastructure; nevertheless, its implementation and adaption arises with barriers and challenges like initial high investment cost,  shortage of skilled resources. Also, hidden cost and longer payback period is hindering the market of Industrial Power Monitoring System.

Industrial Power Monitoring System Market: Segmentation

Segmentation of Industrial Power Monitoring system by Control System Employed:

  • PLC (Programmable Logic controls)
  • SCADA (supervisory control and data acquisition)
  • DCS (distributed control system)

Segmentation of Industrial Power Monitoring system by Technology:

  • MDM (meter data management)
  • PLCS (peak load control system)
  • DRMS (demand response management solution)
  • EMIS (energy management information system)

Segmentation of Industrial Power Monitoring system by application:

  • Mining And Metals
  • Power Generation and Transmission
  • Oil And Gas
  • Data Centers and Server Rooms
  • General Manufacturing

Industrial Power Monitoring System Market: Regional Outlook

Western Europe and United states owns a lion’s share in Industrial Power Monitoring systems supported by penalty based environmental regulations and high awareness of economic energy conservation.  Technological modernization of Industrial Sectors in Mid East Africa and Asia Pacific contributes to Industrial power Monitoring System market and has potential to see sizable growth in future as well.

Industrial Power Monitoring System Market: Key Players

  • ABB Ltd
  • CISCO System
  • Emerson Electric Company
  • Eaton Corporation PLC
  • EnerNOC, Inc.
  • General Electric Company
  • Honeywell International, Inc.
  • Rockwell Automation
  • Schneider Electric SE
  • Siemens AG

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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