Power Management System Market by Type (Hardware, Software, Services), Module (Power Monitoring, Load Shedding, Power Simulator, Generator Controls), End-User (Oil & Gas, Marine, Metals & Mining, Data Centers) and Region - Global Forecast to 2028
The global power management system market is estimated to grow from USD 5.8 Billion in 2023 to USD 7.5 Billion by 2028; it is expected to record a CAGR of 5.4% during the forecast period. The growing demand for improving the power reliability in the industries worldwide is driving the growth for the market.
“Marine: The largest segment of the power management system market, by end user industry“
Based on end user industry, the Power management system market has been split into three types Oil & Gas, Marine, Chemical & Petrochemical, Paper & Pulp, Metals & Mining, Utilities, Data Centre, and Others. The marine industry can reap numerous benefits by implementing power management systems (PMS). These advanced technologies and solutions enable more efficient and effective control, monitoring, and optimization of electrical power on board ships and vessels.
“Hardware segment is the second largest segment based on Type in the market”
By type, the Power management system market has been segmented into hardware, software, and services. The hardware segment in the power management system (PMS) refers to the physical components and devices that are used to facilitate the control, monitoring, and distribution of electrical power in various applications. The hardware segment encompasses a diverse range of equipment and devices, each serving specific functions in managing electrical power.
South America is expected to be the fastest-growing region in the power management system market
South America is expected to be the fastest-growing Power management system market during the forecast period. According to the World Bank, the power demand in South America is expected to reach 2,500 TWh between 2008 and 2030. The government plans to scale renewable sources of energy such as wind, solar, and biomass-based electricity to generate power. These factors are set to create favorable conditions for the expansion of the power management system market, supporting increased demand and market opportunities.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: $$$$ USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: $$$ USD 500 million
The Power management system market is dominated by a few major players that have a wide regional presence. The leading players in the power management system market are ABB (Switzerland), Siemens (Germany), Schneider Electric (US), General Electric (US), Emerson Electric (US).
Research Coverage:
The report defines, describes, and forecasts the global power management systemmarket, by component, power source, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Power management system market.
Key Benefits of Buying the Report
“Marine: The largest segment of the power management system market, by end user industry“
Based on end user industry, the Power management system market has been split into three types Oil & Gas, Marine, Chemical & Petrochemical, Paper & Pulp, Metals & Mining, Utilities, Data Centre, and Others. The marine industry can reap numerous benefits by implementing power management systems (PMS). These advanced technologies and solutions enable more efficient and effective control, monitoring, and optimization of electrical power on board ships and vessels.
“Hardware segment is the second largest segment based on Type in the market”
By type, the Power management system market has been segmented into hardware, software, and services. The hardware segment in the power management system (PMS) refers to the physical components and devices that are used to facilitate the control, monitoring, and distribution of electrical power in various applications. The hardware segment encompasses a diverse range of equipment and devices, each serving specific functions in managing electrical power.
South America is expected to be the fastest-growing region in the power management system market
South America is expected to be the fastest-growing Power management system market during the forecast period. According to the World Bank, the power demand in South America is expected to reach 2,500 TWh between 2008 and 2030. The government plans to scale renewable sources of energy such as wind, solar, and biomass-based electricity to generate power. These factors are set to create favorable conditions for the expansion of the power management system market, supporting increased demand and market opportunities.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
- By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
- By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: $$$$ USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: $$$ USD 500 million
The Power management system market is dominated by a few major players that have a wide regional presence. The leading players in the power management system market are ABB (Switzerland), Siemens (Germany), Schneider Electric (US), General Electric (US), Emerson Electric (US).
Research Coverage:
The report defines, describes, and forecasts the global power management systemmarket, by component, power source, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Power management system market.
Key Benefits of Buying the Report
- Increasing demand for energy efficiency, Rising installation of renewable in industries are some of the main factors driving the Power management system market. Factors such as Risk to data security still restrain the market. Rise in distributed power generation, Growth in the North American oil & gas sector and increase in offshore support vessels, creating opportunities in the power management system market to grow. Lack of compatibility with legacy power networks and equipment is the major challenge faced by countries under Power management system development.
- Product Development/ Innovation: ABB and Microsoft are partnering to incorporate generative AI capabilities into industrial digital solutions, with the goal of achieving safer, smarter, and more sustainable operations. This collaboration focuses on integrating Copilot capabilities to facilitate user interaction with ABB Ability™ Genix Industrial Analytics and AI Suite, as well as its applications. The aim is to enhance the value of contextualized data, leading to increased efficiency and sustainability benefits.
- Market Development: . The power management system finds application in several industries including power generation, oil & gas, and chemicals and pharmaceuticals. The region plays a vital role in the global energy market. After the Fukushima disaster, most of the countries such as China, India, South Korea, and Japan are focusing on expanding their energy market. Rapid industrialization and urbanization is one of the key factors driving the power management system market in the region. Also, the rapid growth of data centers coupled with the growth of IT hubs and commercial sectors such as malls and hospitals is driving the power management system market in the region.
- Market Diversification: In India, Schneider Electric has introduced EcoStruxure Service Plans, a fresh service offering. The objective of this launch is to provide comprehensive packages accompanied by robust digital services customized to meet specific customer requirements. With this new service offering, Schneider Electric aims to enhance its customers' maintenance budgets by up to 40% and reduce the risk of electrical failures by up to 75% on connected equipment.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), Schneider Electric (US), General Electric (US), Emerson Electric (US) among others in the Power management system market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 POWER MANAGEMENT SYSTEM MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Key industry insights
2.2.2.3 Breakdown of primaries
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION
2.3 STUDY SCOPE
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR POWER MANAGEMENT SYSTEMS
2.4 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.1 DEMAND-SIDE ANALYSIS
2.4.1.1 Regional analysis
2.4.1.2 Country-level analysis
2.4.1.3 Assumptions for demand-side analysis
2.4.1.4 Calculations for demand-side analysis
2.4.2 SUPPLY-SIDE ANALYSIS
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY-SIDE OF ENERGY MANAGEMENT SYSTEMS
FIGURE 7 POWER MANAGEMENT SYSTEM MARKET: SUPPLY-SIDE ANALYSIS
2.4.2.1 Calculations for supply-side analysis
2.4.2.2 Assumptions for supply-side analysis
FIGURE 8 COMPANY REVENUE ANALYSIS, 2022
2.5 RESEARCH ASSUMPTIONS
2.5.1 FORECAST
2.6 RISK ASSESSMENT
2.7 RECESSION IMPACT
3 EXECUTIVE SUMMARY
TABLE 1 POWER MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 9 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR POWER MANAGEMENT SYSTEMS FROM 2023 TO 2028
FIGURE 10 SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF POWER MANAGEMENT SYSTEM MARKET, BY TYPE, IN 2028
FIGURE 11 MARINE SEGMENT TO DOMINATE POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, IN 2023
FIGURE 12 POWER MONITORING & CONTROL SEGMENT TO CAPTURE LARGEST SHARE OF POWER MANAGEMENT SYSTEM MARKET, BY MODULE, THROUGHOUT FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER MANAGEMENT SYSTEM MARKET
FIGURE 13 RISING ADOPTION OF RENEWABLE ENERGY SOURCES TO GENERATE ELECTRICITY TO DRIVE MARKET
4.2 POWER MANAGEMENT SYSTEM MARKET IN NORTH AMERICA, BY END-USER INDUSTRY AND COUNTRY
FIGURE 14 OIL & GAS INDUSTRY AND US DOMINATED POWER MANAGEMENT SYSTEM MARKET IN NORTH AMERICA IN 2022
4.3 POWER MANAGEMENT SYSTEM MARKET, BY TYPE
FIGURE 15 SOFTWARE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
4.4 POWER MANAGEMENT SYSTEM MARKET, BY MODULE
FIGURE 16 POWER MONITORING & CONTROL SEGMENT TO CAPTURE MAJORITY OF MARKET SHARE IN 2028
4.5 POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY
FIGURE 17 OIL & GAS INDUSTRY TO LEAD POWER MANAGEMENT SYSTEM MARKET IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 POWER MANAGEMENT SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing demand for energy-efficient equipment across several industries
TABLE 2 GLOBAL ENERGY PERFORMANCE STANDARDS
5.2.1.2 Rising adoption of renewable sources to reduce energy costs
TABLE 3 AVERAGE COST OF DEPLOYMENT, BY TECHNOLOGY, 2015 VS. 2025
5.2.1.3 Growing implementation of Iot and cloud-based platforms
5.2.2 RESTRAINTS
5.2.2.1 Data security issues in cloud-based power management systems
FIGURE 19 ATTACK VECTOR PERCENTAGE FOR CLOUD-BASED POWER MANAGEMENT SYSTEMS
5.2.3 OPPORTUNITIES
5.2.3.1 Rising use of distributed power generation
5.2.3.2 Increasing investments in offshore support vessel production
5.2.4 CHALLENGES
5.2.4.1 Incompatibility of older power networks with new equipment
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR POWER MANAGEMENT SYSTEM MANUFACTURERS
FIGURE 20 NEW REVENUE POCKETS FOR PLAYERS IN ECOSYSTEM
5.4 ECOSYSTEM MAPPING
FIGURE 21 POWER MANAGEMENT SYSTEM MARKET MAPPING
TABLE 4 ROLE OF PLAYERS IN ECOSYSTEM
5.5 VALUE CHAIN ANALYSIS
FIGURE 22 POWER MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.5.2 COMPONENT MANUFACTURERS
5.5.3 POWER MANAGEMENT SYSTEM MANUFACTURERS/ASSEMBLERS
5.5.4 DISTRIBUTORS/END-USER INDUSTRIES
5.5.5 POST-SALES SERVICE PROVIDERS
5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS
TABLE 5 PRICING ANALYSIS OF POWER MONITORING DEVICES
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 23 PORTER’S FIVE FORCES ANALYSIS FOR POWER MANAGEMENT SYSTEM MARKET
TABLE 6 POWER MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 THREAT OF SUBSTITUTES
5.7.2 BARGAINING POWER OF SUPPLIERS
5.7.3 BARGAINING POWER OF BUYERS
5.7.4 THREAT OF NEW ENTRANTS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 24 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
TABLE 7 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
5.9 BUYING CRITERIA
FIGURE 25 IMPACT OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
TABLE 8 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
6 POWER MANAGEMENT SYSTEM MARKET, BY MODULE
6.1 INTRODUCTION
FIGURE 26 POWER MONITORING & CONTROL MODULES LED POWER MANAGEMENT SYSTEM MARKET IN 2022
TABLE 9 POWER MANAGEMENT SYSTEM MARKET, BY MODULE, 2021–2028 (USD MILLION)
6.2 POWER MONITORING & CONTROL
6.2.1 INCREASING ADOPTION OF POWER MONITORING & CONTROL MODULES BY ENERGY-INTENSIVE INDUSTRIES TO DRIVE MARKET
TABLE 10 POWER MONITORING & CONTROL: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.3 LOAD SHEDDING & MANAGEMENT
6.3.1 RISING USE OF LOAD SHEDDING & MANAGEMENT MODULES TO OPTIMIZE LOAD DISTRIBUTION TO FUEL MARKET GROWTH
TABLE 11 LOAD SHEDDING & MANAGEMENT: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.4 ENERGY COST ACCOUNTING
6.4.1 GROWING FOCUS ON CALCULATING AND OPTIMIZING ENERGY COSTS TO INCREASE DEMAND FOR ENERGY COST ACCOUNTING MODULES
TABLE 12 ENERGY COST ACCOUNTING: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.5 SWITCHING & SAFETY MANAGEMENT
6.5.1 INCREASING DEPLOYMENT OF SWITCHING & SAFETY MANAGEMENT MODULES TO AUTOMATE FAULT DETECTION AND OTHER SAFETY FUNCTIONS TO FUEL MARKET GROWTH
TABLE 13 SWITCHING & SAFETY MANAGEMENT: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.6 POWER SIMULATION SYSTEM
6.6.1 RISING USE OF POWER SIMULATORS TO PERFORM HARMONICS SIMULATION AND RELIABILITY ASSESSMENT FUNCTIONS TO CONTRIBUTE TO MARKET GROWTH
TABLE 14 POWER SIMULATION SYSTEM: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.7 GENERATOR CONTROL
6.7.1 SURGING ADOPTION OF GENERATOR CONTROL MODULES FOR GENERATOR PROTECTION AND FUEL OPTIMIZATION TO SUPPORT MARKET GROWTH
TABLE 15 GENERATOR CONTROL: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.8 DATA HISTORIAN
6.8.1 INCREASING ADOPTION OF DATA HISTORIAN MODULES TO MANAGE VAST DATA VOLUMES IN POWER MANAGEMENT SYSTEMS TO DRIVE MARKET
TABLE 16 DATA HISTORIAN: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.9 OTHER MODULES
TABLE 17 OTHER MODULES: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
7 POWER MANAGEMENT SYSTEM MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 27 SOFTWARE SEGMENT DOMINATED POWER MANAGEMENT SYSTEM MARKET IN 2022
TABLE 18 POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
7.2 HARDWARE
7.2.1 RETROFITTING OF OLDER MANUFACTURING PLANTS AND MARINE VESSELS TO BOOST DEMAND FOR HARDWARE PRODUCTS
TABLE 19 HARDWARE: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 SOFTWARE
7.3.1 UTILIZATION OF SOFTWARE TO CONFIGURE POWER SETTINGS AND AUTOMATE ENERGY-SAVING FEATURES TO DRIVE SEGMENTAL GROWTH
TABLE 20 SOFTWARE: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
7.4 SERVICES
7.4.1 INCREASED DEMAND FOR CUSTOMIZED POWER MANAGEMENT SOLUTIONS TO CREATE OPPORTUNITIES FOR SERVICE PROVIDERS
TABLE 21 SERVICES: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
8 POWER MANAGEMENT SYSTEM MARKET, BY REGION
8.1 INTRODUCTION
FIGURE 28 ASIA PACIFIC TO RECORD HIGHEST CAGR IN POWER MANAGEMENT SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 29 NORTH AMERICA COMMANDED POWER MANAGEMENT SYSTEM MARKET IN 2022
TABLE 22 POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
8.2 NORTH AMERICA
8.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
FIGURE 30 NORTH AMERICA: MARKET SNAPSHOT
8.2.2 BY TYPE
TABLE 23 NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.2.3 BY END-USER INDUSTRY
TABLE 24 NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY END-USER, 2021–2028 (USD MILLION)
8.2.4 BY COUNTRY
TABLE 25 NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.2.4.1 US
8.2.4.1.1 Utilization of wind and solar energy to generate electricity to boost demand for power management systems
TABLE 26 US: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.2.4.2 Mexico
8.2.4.2.1 Oil & gas and metals & mining industries to contribute significantly to market growth
TABLE 27 MEXICO: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.2.4.3 Canada
8.2.4.3.1 Focus of government on modernization of grid infrastructure to present opportunities to power management system vendors
TABLE 28 CANADA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3 ASIA PACIFIC
8.3.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT
8.3.2 BY TYPE
TABLE 29 ASIA PACIFIC: POWER MANAGEMENT SYSTEM, BY TYPE, 2021–2028 (USD MILLION)
8.3.3 BY END-USER INDUSTRY
TABLE 30 ASIA PACIFIC: POWER MANAGEMENT SYSTEM, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.3.4 BY COUNTRY
TABLE 31 ASIA PACIFIC: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.3.4.1 China
8.3.4.1.1 Rising investments in generating power using renewable sources to fuel demand for power management systems
TABLE 32 CHINA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.2 Japan
8.3.4.2.1 Increasing focus on grid infrastructure improvement to boost demand for power management systems
TABLE 33 JAPAN: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.3 India
8.3.4.3.1 Deployment of wind and solar energy projects to support high demand for power management systems
TABLE 34 INDIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.4 South Korea
8.3.4.4.1 Presence of ship and offshore support vessel manufacturers to support market growth
TABLE 35 SOUTH KOREA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.5 Rest of Asia Pacific
TABLE 36 REST OF ASIA PACIFIC: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4 EUROPE
8.4.1 RECESSION IMPACT ON MARKET IN EUROPE
8.4.2 BY TYPE
TABLE 37 EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.3 BY END-USER INDUSTRY
TABLE 38 EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.4.4 BY COUNTRY
TABLE 39 EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.4.4.1 Russia
8.4.4.1.1 Booming mining industry to drive deployment of power management systems
TABLE 40 RUSSIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.2 UK
8.4.4.2.1 Carbon neutrality goals set by government to accelerate adoption of power management systems
TABLE 41 UK: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.3 Germany
8.4.4.3.1 Incentive and energy efficiency programs run by government to drive market
TABLE 42 GERMANY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.4 France
8.4.4.4.1 Growing focus on generating electricity using renewable sources to contribute to market growth
TABLE 43 FRANCE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.5 Norway
8.4.4.5.1 Presence of robust shipbuilding industry to boost implementation of power management systems
TABLE 44 NORWAY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.6 Italy
8.4.4.6.1 Availability of subsidies and low-interest loans to deploy energy-efficient equipment at commercial sites to fuel market growth
TABLE 45 ITALY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.7 Rest of Europe
TABLE 46 REST OF EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5 MIDDLE EAST & AFRICA
8.5.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA
8.5.2 BY TYPE
TABLE 47 MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM, BY TYPE, 2021–2028 (USD MILLION)
8.5.3 BY END-USER INDUSTRY
TABLE 48 MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.5.4 BY COUNTRY
TABLE 49 MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.5.4.1 Saudi Arabia
8.5.4.1.1 Increasing use of digital technologies in oil & gas facilities to fuel demand for power management systems
TABLE 50 SAUDI ARABIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.2 UAE
8.5.4.2.1 Presence of oil reserves and oil-producing firms to boost implementation of power management systems
TABLE 51 UAE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.3 Qatar
8.5.4.3.1 Significant focus on reducing energy cost to accelerate adoption of power management systems
TABLE 52 QATAR: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.4 Kuwait
8.5.4.4.1 Growing investments in oil and gas exploration activities to fuel market growth
TABLE 53 KUWAIT: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.5 South Africa
8.5.4.5.1 Increasing use of energy-saving technologies in mining facilities to drive market
TABLE 54 SOUTH AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.6 Nigeria
8.5.4.6.1 Rising focus of oil-producing firms on efficient operations to support increasing demand for power management systems
TABLE 55 NIGERIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.7 Egypt
8.5.4.7.1 Increased focus on adding renewable energy capacity to contribute to market growth
TABLE 56 EGYPT: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.8 Rest of Middle East & Africa
TABLE 57 REST OF MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6 SOUTH AMERICA
8.6.1 RECESSION IMPACT ON MARKET IN SOUTH AMERICA
8.6.2 BY TYPE
TABLE 58 SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.3 BY END-USER INDUSTRY
TABLE 59 SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.6.4 BY COUNTRY
TABLE 60 SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.6.4.1 Brazil
8.6.4.1.1 Booming metals & mining industry to fuel demand for power management systems
TABLE 61 BRAZIL: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.4.2 Colombia
8.6.4.2.1 Increasing investments in power generation projects to drive market
TABLE 62 COLOMBIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.4.3 Argentina
8.6.4.3.1 Rising use of renewable energy sources to generate electricity to fuel market growth
TABLE 63 ARGENTINA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.4.4 Rest of South America
TABLE 64 REST OF SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 65 OVERVIEW OF MAJOR STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022
9.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS
FIGURE 32 DEGREE OF COMPETITION, 2022
9.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
FIGURE 33 REVENUE ANALYSIS FOR TOP PLAYERS IN POWER MANAGEMENT SYSTEM MARKET FROM 2018 TO 2022
9.4 COMPANY EVALUATION MATRIX
9.4.1 STARS
9.4.2 PERVASIVE PLAYERS
9.4.3 EMERGING LEADERS
9.4.4 PARTICIPANTS
FIGURE 34 COMPANY EVALUATION MATRIX, 2022
9.5 COMPANY FOOTPRINT
TABLE 66 COMPANY TYPE FOOTPRINT
TABLE 67 COMPANY END-USER INDUSTRY FOOTPRINT
TABLE 68 COMPANY REGION FOOTPRINT
TABLE 69 OVERALL COMPANY FOOTPRINT
9.6 COMPETITIVE SCENARIO
TABLE 70 POWER MANAGEMENT SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020–JULY 2023
TABLE 71 POWER MANAGEMENT SYSTEM MARKET: DEALS, JANUARY 2019–JULY 2023
TABLE 72 POWER MANAGEMENT SYSTEM MARKET: OTHERS, JANUARY 2019–JULY 2023
10 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
10.1 ABB
TABLE 73 ABB: COMPANY OVERVIEW
FIGURE 35 ABB: COMPANY SNAPSHOT
TABLE 74 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 75 ABB: DEALS
10.2 GENERAL ELECTRIC
TABLE 76 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 36 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 77 GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 78 GENERAL ELECTRIC: PRODUCT LAUNCHES
10.3 SIEMENS
TABLE 79 SIEMENS: COMPANY OVERVIEW
FIGURE 37 SIEMENS: COMPANY SNAPSHOT
TABLE 80 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 81 SIEMENS: DEALS
10.4 EATON
TABLE 82 EATON: COMPANY OVERVIEW
FIGURE 38 EATON: COMPANY SNAPSHOT
TABLE 83 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 84 EATON: OTHERS
10.5 ETAP
TABLE 85 ETAP: COMPANY OVERVIEW
TABLE 86 ETAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 87 ETAP: DEALS
10.6 SCHNEIDER ELECTRIC
TABLE 88 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 39 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 89 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 90 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
10.7 EMERSON
TABLE 91 EMERSON: COMPANY OVERVIEW
FIGURE 40 EMERSON: COMPANY SNAPSHOT
TABLE 92 EMERSON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 93 EMERSON: DEALS
10.8 MITSUBISHI ELECTRIC
TABLE 94 MITSUBISHI ELECTRIC: COMPANY OVERVIEW
FIGURE 41 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 95 MITSUBISHI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 96 MITSUBISHI ELECTRIC: DEALS
10.9 ROCKWELL AUTOMATION
TABLE 97 ROCKWELL AUTOMATION: COMPANY OVERVIEW
FIGURE 42 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 98 ROCKWELL AUTOMATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.10 HONEYWELL INTERNATIONAL INC.
TABLE 99 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
FIGURE 43 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 100 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.11 FUJI ELECTRIC
TABLE 101 FUJI ELECTRIC: COMPANY OVERVIEW
FIGURE 44 FUJI ELECTRIC: COMPANY SNAPSHOT
TABLE 102 FUJI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.12 LARSEN & TOUBRO
TABLE 103 LARSEN & TOUBRO: COMPANY OVERVIEW
FIGURE 45 LARSEN & TOUBRO: COMPANY SNAPSHOT
TABLE 104 LARSEN & TOUBRO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.13 YOKOGAWA
TABLE 105 YOKOGAWA: COMPANY OVERVIEW
FIGURE 46 YOKOGAWA: COMPANY SNAPSHOT
TABLE 106 YOKOGAWA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.14 WДRTSILД
TABLE 107 WДRTSILД: COMPANY OVERVIEW
FIGURE 47 WДRTSILД: COMPANY SNAPSHOT
TABLE 108 WДRTSILД: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.15 CPOWER
TABLE 109 CPOWER: COMPANY OVERVIEW
TABLE 110 CPOWER: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.16 BRUSH
TABLE 111 BRUSH: COMPANY OVERVIEW
10.17 ALBIREO ENERGY
TABLE 112 ALBIREO ENERGY: COMPANY OVERVIEW
10.18 GREYSTONE ENERGY SYSTEMS INC.
TABLE 113 GREYSTONE ENERGY SYSTEMS INC.: COMPANY OVERVIEW
10.19 OMRON
TABLE 114 OMRON: COMPANY OVERVIEW
10.20 LINEAGE POWER
TABLE 115 LINEAGE POWER: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
11 APPENDIX
11.1 INSIGHTS FROM INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 CUSTOMIZATION OPTIONS
11.5 RELATED REPORTS
11.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 POWER MANAGEMENT SYSTEM MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Key industry insights
2.2.2.3 Breakdown of primaries
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION
2.3 STUDY SCOPE
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR POWER MANAGEMENT SYSTEMS
2.4 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.1 DEMAND-SIDE ANALYSIS
2.4.1.1 Regional analysis
2.4.1.2 Country-level analysis
2.4.1.3 Assumptions for demand-side analysis
2.4.1.4 Calculations for demand-side analysis
2.4.2 SUPPLY-SIDE ANALYSIS
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY-SIDE OF ENERGY MANAGEMENT SYSTEMS
FIGURE 7 POWER MANAGEMENT SYSTEM MARKET: SUPPLY-SIDE ANALYSIS
2.4.2.1 Calculations for supply-side analysis
2.4.2.2 Assumptions for supply-side analysis
FIGURE 8 COMPANY REVENUE ANALYSIS, 2022
2.5 RESEARCH ASSUMPTIONS
2.5.1 FORECAST
2.6 RISK ASSESSMENT
2.7 RECESSION IMPACT
3 EXECUTIVE SUMMARY
TABLE 1 POWER MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 9 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR POWER MANAGEMENT SYSTEMS FROM 2023 TO 2028
FIGURE 10 SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF POWER MANAGEMENT SYSTEM MARKET, BY TYPE, IN 2028
FIGURE 11 MARINE SEGMENT TO DOMINATE POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, IN 2023
FIGURE 12 POWER MONITORING & CONTROL SEGMENT TO CAPTURE LARGEST SHARE OF POWER MANAGEMENT SYSTEM MARKET, BY MODULE, THROUGHOUT FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER MANAGEMENT SYSTEM MARKET
FIGURE 13 RISING ADOPTION OF RENEWABLE ENERGY SOURCES TO GENERATE ELECTRICITY TO DRIVE MARKET
4.2 POWER MANAGEMENT SYSTEM MARKET IN NORTH AMERICA, BY END-USER INDUSTRY AND COUNTRY
FIGURE 14 OIL & GAS INDUSTRY AND US DOMINATED POWER MANAGEMENT SYSTEM MARKET IN NORTH AMERICA IN 2022
4.3 POWER MANAGEMENT SYSTEM MARKET, BY TYPE
FIGURE 15 SOFTWARE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
4.4 POWER MANAGEMENT SYSTEM MARKET, BY MODULE
FIGURE 16 POWER MONITORING & CONTROL SEGMENT TO CAPTURE MAJORITY OF MARKET SHARE IN 2028
4.5 POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY
FIGURE 17 OIL & GAS INDUSTRY TO LEAD POWER MANAGEMENT SYSTEM MARKET IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 POWER MANAGEMENT SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing demand for energy-efficient equipment across several industries
TABLE 2 GLOBAL ENERGY PERFORMANCE STANDARDS
5.2.1.2 Rising adoption of renewable sources to reduce energy costs
TABLE 3 AVERAGE COST OF DEPLOYMENT, BY TECHNOLOGY, 2015 VS. 2025
5.2.1.3 Growing implementation of Iot and cloud-based platforms
5.2.2 RESTRAINTS
5.2.2.1 Data security issues in cloud-based power management systems
FIGURE 19 ATTACK VECTOR PERCENTAGE FOR CLOUD-BASED POWER MANAGEMENT SYSTEMS
5.2.3 OPPORTUNITIES
5.2.3.1 Rising use of distributed power generation
5.2.3.2 Increasing investments in offshore support vessel production
5.2.4 CHALLENGES
5.2.4.1 Incompatibility of older power networks with new equipment
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR POWER MANAGEMENT SYSTEM MANUFACTURERS
FIGURE 20 NEW REVENUE POCKETS FOR PLAYERS IN ECOSYSTEM
5.4 ECOSYSTEM MAPPING
FIGURE 21 POWER MANAGEMENT SYSTEM MARKET MAPPING
TABLE 4 ROLE OF PLAYERS IN ECOSYSTEM
5.5 VALUE CHAIN ANALYSIS
FIGURE 22 POWER MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.5.2 COMPONENT MANUFACTURERS
5.5.3 POWER MANAGEMENT SYSTEM MANUFACTURERS/ASSEMBLERS
5.5.4 DISTRIBUTORS/END-USER INDUSTRIES
5.5.5 POST-SALES SERVICE PROVIDERS
5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS
TABLE 5 PRICING ANALYSIS OF POWER MONITORING DEVICES
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 23 PORTER’S FIVE FORCES ANALYSIS FOR POWER MANAGEMENT SYSTEM MARKET
TABLE 6 POWER MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 THREAT OF SUBSTITUTES
5.7.2 BARGAINING POWER OF SUPPLIERS
5.7.3 BARGAINING POWER OF BUYERS
5.7.4 THREAT OF NEW ENTRANTS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 24 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
TABLE 7 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
5.9 BUYING CRITERIA
FIGURE 25 IMPACT OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
TABLE 8 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
6 POWER MANAGEMENT SYSTEM MARKET, BY MODULE
6.1 INTRODUCTION
FIGURE 26 POWER MONITORING & CONTROL MODULES LED POWER MANAGEMENT SYSTEM MARKET IN 2022
TABLE 9 POWER MANAGEMENT SYSTEM MARKET, BY MODULE, 2021–2028 (USD MILLION)
6.2 POWER MONITORING & CONTROL
6.2.1 INCREASING ADOPTION OF POWER MONITORING & CONTROL MODULES BY ENERGY-INTENSIVE INDUSTRIES TO DRIVE MARKET
TABLE 10 POWER MONITORING & CONTROL: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.3 LOAD SHEDDING & MANAGEMENT
6.3.1 RISING USE OF LOAD SHEDDING & MANAGEMENT MODULES TO OPTIMIZE LOAD DISTRIBUTION TO FUEL MARKET GROWTH
TABLE 11 LOAD SHEDDING & MANAGEMENT: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.4 ENERGY COST ACCOUNTING
6.4.1 GROWING FOCUS ON CALCULATING AND OPTIMIZING ENERGY COSTS TO INCREASE DEMAND FOR ENERGY COST ACCOUNTING MODULES
TABLE 12 ENERGY COST ACCOUNTING: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.5 SWITCHING & SAFETY MANAGEMENT
6.5.1 INCREASING DEPLOYMENT OF SWITCHING & SAFETY MANAGEMENT MODULES TO AUTOMATE FAULT DETECTION AND OTHER SAFETY FUNCTIONS TO FUEL MARKET GROWTH
TABLE 13 SWITCHING & SAFETY MANAGEMENT: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.6 POWER SIMULATION SYSTEM
6.6.1 RISING USE OF POWER SIMULATORS TO PERFORM HARMONICS SIMULATION AND RELIABILITY ASSESSMENT FUNCTIONS TO CONTRIBUTE TO MARKET GROWTH
TABLE 14 POWER SIMULATION SYSTEM: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.7 GENERATOR CONTROL
6.7.1 SURGING ADOPTION OF GENERATOR CONTROL MODULES FOR GENERATOR PROTECTION AND FUEL OPTIMIZATION TO SUPPORT MARKET GROWTH
TABLE 15 GENERATOR CONTROL: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.8 DATA HISTORIAN
6.8.1 INCREASING ADOPTION OF DATA HISTORIAN MODULES TO MANAGE VAST DATA VOLUMES IN POWER MANAGEMENT SYSTEMS TO DRIVE MARKET
TABLE 16 DATA HISTORIAN: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
6.9 OTHER MODULES
TABLE 17 OTHER MODULES: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
7 POWER MANAGEMENT SYSTEM MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 27 SOFTWARE SEGMENT DOMINATED POWER MANAGEMENT SYSTEM MARKET IN 2022
TABLE 18 POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
7.2 HARDWARE
7.2.1 RETROFITTING OF OLDER MANUFACTURING PLANTS AND MARINE VESSELS TO BOOST DEMAND FOR HARDWARE PRODUCTS
TABLE 19 HARDWARE: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 SOFTWARE
7.3.1 UTILIZATION OF SOFTWARE TO CONFIGURE POWER SETTINGS AND AUTOMATE ENERGY-SAVING FEATURES TO DRIVE SEGMENTAL GROWTH
TABLE 20 SOFTWARE: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
7.4 SERVICES
7.4.1 INCREASED DEMAND FOR CUSTOMIZED POWER MANAGEMENT SOLUTIONS TO CREATE OPPORTUNITIES FOR SERVICE PROVIDERS
TABLE 21 SERVICES: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
8 POWER MANAGEMENT SYSTEM MARKET, BY REGION
8.1 INTRODUCTION
FIGURE 28 ASIA PACIFIC TO RECORD HIGHEST CAGR IN POWER MANAGEMENT SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 29 NORTH AMERICA COMMANDED POWER MANAGEMENT SYSTEM MARKET IN 2022
TABLE 22 POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
8.2 NORTH AMERICA
8.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
FIGURE 30 NORTH AMERICA: MARKET SNAPSHOT
8.2.2 BY TYPE
TABLE 23 NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.2.3 BY END-USER INDUSTRY
TABLE 24 NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY END-USER, 2021–2028 (USD MILLION)
8.2.4 BY COUNTRY
TABLE 25 NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.2.4.1 US
8.2.4.1.1 Utilization of wind and solar energy to generate electricity to boost demand for power management systems
TABLE 26 US: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.2.4.2 Mexico
8.2.4.2.1 Oil & gas and metals & mining industries to contribute significantly to market growth
TABLE 27 MEXICO: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.2.4.3 Canada
8.2.4.3.1 Focus of government on modernization of grid infrastructure to present opportunities to power management system vendors
TABLE 28 CANADA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3 ASIA PACIFIC
8.3.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT
8.3.2 BY TYPE
TABLE 29 ASIA PACIFIC: POWER MANAGEMENT SYSTEM, BY TYPE, 2021–2028 (USD MILLION)
8.3.3 BY END-USER INDUSTRY
TABLE 30 ASIA PACIFIC: POWER MANAGEMENT SYSTEM, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.3.4 BY COUNTRY
TABLE 31 ASIA PACIFIC: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.3.4.1 China
8.3.4.1.1 Rising investments in generating power using renewable sources to fuel demand for power management systems
TABLE 32 CHINA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.2 Japan
8.3.4.2.1 Increasing focus on grid infrastructure improvement to boost demand for power management systems
TABLE 33 JAPAN: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.3 India
8.3.4.3.1 Deployment of wind and solar energy projects to support high demand for power management systems
TABLE 34 INDIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.4 South Korea
8.3.4.4.1 Presence of ship and offshore support vessel manufacturers to support market growth
TABLE 35 SOUTH KOREA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.3.4.5 Rest of Asia Pacific
TABLE 36 REST OF ASIA PACIFIC: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4 EUROPE
8.4.1 RECESSION IMPACT ON MARKET IN EUROPE
8.4.2 BY TYPE
TABLE 37 EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.3 BY END-USER INDUSTRY
TABLE 38 EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.4.4 BY COUNTRY
TABLE 39 EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.4.4.1 Russia
8.4.4.1.1 Booming mining industry to drive deployment of power management systems
TABLE 40 RUSSIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.2 UK
8.4.4.2.1 Carbon neutrality goals set by government to accelerate adoption of power management systems
TABLE 41 UK: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.3 Germany
8.4.4.3.1 Incentive and energy efficiency programs run by government to drive market
TABLE 42 GERMANY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.4 France
8.4.4.4.1 Growing focus on generating electricity using renewable sources to contribute to market growth
TABLE 43 FRANCE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.5 Norway
8.4.4.5.1 Presence of robust shipbuilding industry to boost implementation of power management systems
TABLE 44 NORWAY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.6 Italy
8.4.4.6.1 Availability of subsidies and low-interest loans to deploy energy-efficient equipment at commercial sites to fuel market growth
TABLE 45 ITALY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.4.4.7 Rest of Europe
TABLE 46 REST OF EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5 MIDDLE EAST & AFRICA
8.5.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA
8.5.2 BY TYPE
TABLE 47 MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM, BY TYPE, 2021–2028 (USD MILLION)
8.5.3 BY END-USER INDUSTRY
TABLE 48 MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.5.4 BY COUNTRY
TABLE 49 MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.5.4.1 Saudi Arabia
8.5.4.1.1 Increasing use of digital technologies in oil & gas facilities to fuel demand for power management systems
TABLE 50 SAUDI ARABIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.2 UAE
8.5.4.2.1 Presence of oil reserves and oil-producing firms to boost implementation of power management systems
TABLE 51 UAE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.3 Qatar
8.5.4.3.1 Significant focus on reducing energy cost to accelerate adoption of power management systems
TABLE 52 QATAR: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.4 Kuwait
8.5.4.4.1 Growing investments in oil and gas exploration activities to fuel market growth
TABLE 53 KUWAIT: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.5 South Africa
8.5.4.5.1 Increasing use of energy-saving technologies in mining facilities to drive market
TABLE 54 SOUTH AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.6 Nigeria
8.5.4.6.1 Rising focus of oil-producing firms on efficient operations to support increasing demand for power management systems
TABLE 55 NIGERIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.7 Egypt
8.5.4.7.1 Increased focus on adding renewable energy capacity to contribute to market growth
TABLE 56 EGYPT: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.5.4.8 Rest of Middle East & Africa
TABLE 57 REST OF MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6 SOUTH AMERICA
8.6.1 RECESSION IMPACT ON MARKET IN SOUTH AMERICA
8.6.2 BY TYPE
TABLE 58 SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.3 BY END-USER INDUSTRY
TABLE 59 SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)
8.6.4 BY COUNTRY
TABLE 60 SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
8.6.4.1 Brazil
8.6.4.1.1 Booming metals & mining industry to fuel demand for power management systems
TABLE 61 BRAZIL: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.4.2 Colombia
8.6.4.2.1 Increasing investments in power generation projects to drive market
TABLE 62 COLOMBIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.4.3 Argentina
8.6.4.3.1 Rising use of renewable energy sources to generate electricity to fuel market growth
TABLE 63 ARGENTINA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
8.6.4.4 Rest of South America
TABLE 64 REST OF SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 65 OVERVIEW OF MAJOR STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022
9.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS
FIGURE 32 DEGREE OF COMPETITION, 2022
9.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
FIGURE 33 REVENUE ANALYSIS FOR TOP PLAYERS IN POWER MANAGEMENT SYSTEM MARKET FROM 2018 TO 2022
9.4 COMPANY EVALUATION MATRIX
9.4.1 STARS
9.4.2 PERVASIVE PLAYERS
9.4.3 EMERGING LEADERS
9.4.4 PARTICIPANTS
FIGURE 34 COMPANY EVALUATION MATRIX, 2022
9.5 COMPANY FOOTPRINT
TABLE 66 COMPANY TYPE FOOTPRINT
TABLE 67 COMPANY END-USER INDUSTRY FOOTPRINT
TABLE 68 COMPANY REGION FOOTPRINT
TABLE 69 OVERALL COMPANY FOOTPRINT
9.6 COMPETITIVE SCENARIO
TABLE 70 POWER MANAGEMENT SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020–JULY 2023
TABLE 71 POWER MANAGEMENT SYSTEM MARKET: DEALS, JANUARY 2019–JULY 2023
TABLE 72 POWER MANAGEMENT SYSTEM MARKET: OTHERS, JANUARY 2019–JULY 2023
10 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
10.1 ABB
TABLE 73 ABB: COMPANY OVERVIEW
FIGURE 35 ABB: COMPANY SNAPSHOT
TABLE 74 ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 75 ABB: DEALS
10.2 GENERAL ELECTRIC
TABLE 76 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 36 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 77 GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 78 GENERAL ELECTRIC: PRODUCT LAUNCHES
10.3 SIEMENS
TABLE 79 SIEMENS: COMPANY OVERVIEW
FIGURE 37 SIEMENS: COMPANY SNAPSHOT
TABLE 80 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 81 SIEMENS: DEALS
10.4 EATON
TABLE 82 EATON: COMPANY OVERVIEW
FIGURE 38 EATON: COMPANY SNAPSHOT
TABLE 83 EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 84 EATON: OTHERS
10.5 ETAP
TABLE 85 ETAP: COMPANY OVERVIEW
TABLE 86 ETAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 87 ETAP: DEALS
10.6 SCHNEIDER ELECTRIC
TABLE 88 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 39 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 89 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 90 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
10.7 EMERSON
TABLE 91 EMERSON: COMPANY OVERVIEW
FIGURE 40 EMERSON: COMPANY SNAPSHOT
TABLE 92 EMERSON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 93 EMERSON: DEALS
10.8 MITSUBISHI ELECTRIC
TABLE 94 MITSUBISHI ELECTRIC: COMPANY OVERVIEW
FIGURE 41 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 95 MITSUBISHI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 96 MITSUBISHI ELECTRIC: DEALS
10.9 ROCKWELL AUTOMATION
TABLE 97 ROCKWELL AUTOMATION: COMPANY OVERVIEW
FIGURE 42 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 98 ROCKWELL AUTOMATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.10 HONEYWELL INTERNATIONAL INC.
TABLE 99 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
FIGURE 43 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 100 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.11 FUJI ELECTRIC
TABLE 101 FUJI ELECTRIC: COMPANY OVERVIEW
FIGURE 44 FUJI ELECTRIC: COMPANY SNAPSHOT
TABLE 102 FUJI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.12 LARSEN & TOUBRO
TABLE 103 LARSEN & TOUBRO: COMPANY OVERVIEW
FIGURE 45 LARSEN & TOUBRO: COMPANY SNAPSHOT
TABLE 104 LARSEN & TOUBRO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.13 YOKOGAWA
TABLE 105 YOKOGAWA: COMPANY OVERVIEW
FIGURE 46 YOKOGAWA: COMPANY SNAPSHOT
TABLE 106 YOKOGAWA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.14 WДRTSILД
TABLE 107 WДRTSILД: COMPANY OVERVIEW
FIGURE 47 WДRTSILД: COMPANY SNAPSHOT
TABLE 108 WДRTSILД: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.15 CPOWER
TABLE 109 CPOWER: COMPANY OVERVIEW
TABLE 110 CPOWER: PRODUCTS/SERVICES/SOLUTIONS OFFERED
10.16 BRUSH
TABLE 111 BRUSH: COMPANY OVERVIEW
10.17 ALBIREO ENERGY
TABLE 112 ALBIREO ENERGY: COMPANY OVERVIEW
10.18 GREYSTONE ENERGY SYSTEMS INC.
TABLE 113 GREYSTONE ENERGY SYSTEMS INC.: COMPANY OVERVIEW
10.19 OMRON
TABLE 114 OMRON: COMPANY OVERVIEW
10.20 LINEAGE POWER
TABLE 115 LINEAGE POWER: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
11 APPENDIX
11.1 INSIGHTS FROM INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 CUSTOMIZATION OPTIONS
11.5 RELATED REPORTS
11.6 AUTHOR DETAILS
