Global Power Management System Market Size study & Forecast, by Type (Hardware, Software, Services) by Module (Power Monitoring, Load Shedding, Power Simulator, Generator Controls, Others), by End-User (Oil & Gas, Marine, Metals & Mining, Data Centres, Utilities, Others) and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: G5FCAAD916C5EN
Bizwit Research & Consulting LLP

Abstracts

Global Power Management System Market is valued approximately at USD 5.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.40% over the forecast period 2023-2030. A Power Management System (PMS) is a specialized system designed to efficiently manage and control the distribution and consumption of electrical power within various applications. The primary goal of a PMS is to optimize power generation, distribution, and utilization while ensuring reliability, safety, and cost-effectiveness. It is commonly used in industries, commercial buildings, data centers, ships, aircraft, and other environments where effective power management is crucial. The key factors driving the market growth is rising demand for energy-efficient equipment across several industries, growing adoption of renewable sources to reduce energy costs, rise in awareness regarding energy efficiency due to government regulations and growing adoption of IOT and cloud-based platforms are anticipated to support the market growth during forecast period 2023-2030.

Moreover, the rising demand for Smart Grids is indeed contributing to the growth of the Power Management System (PMS) market. A Smart Grid is an advanced electrical grid that uses digital communication and technology to efficiently manage and optimize the generation, distribution, and consumption of electricity. This modernization of the grid brings several benefits, such as increased reliability, better integration of renewable energy sources, reduced energy losses, and improved overall energy efficiency. Thus, the growing smart grids demand is anticipated to support the market growth. According to Statista, in 2022, the smart grid technology market was valued USD 49.7 billion and it is anticipated to reach USD 80.46 billion by 2025. As a result, the growing smart grid technology market is anticipated to create the lucrative demand for the market. Additionally, rising use of distributed power generation and increasing investments in offshore support vessel production is anticipated to create the lucrative opportunity for the market. However, the incompatibility of older power networks with new equipment stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power Management System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the utilization of wind and solar energy to generate electricity, growing focus of government on modernization of grid infrastructure to present opportunities to power management system and rising Oil & gas and metals & mining industries. Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the rising investments in generating power using renewable sources, increasing focus on grid infrastructure, and deployment of wind and solar energy projects.

Major market player included in this report are:

ABB Ltd. (Switzerland)

General Electric Company (US)

Siemens AG (Germany)

Eaton Corporation plc (Ireland)

Schneider Electric SE (France)

Emerson Electric Co. (US)

Mitsubishi Electric Corporation (Japan)

Rockwell Automation, Inc (US)

Honeywell International Inc. (US)

Fuji Electric Co. Ltd (Japan)

Recent Developments in the Market:

• In June 2023, ABB has successfully acquired Eve Systems GmbH, a Munich-based firm recognised for its smart home solutions in Europe and the United States. ABB will now be a key player in the smart home business, notably in devices based on the newest interoperable standard known as Matter and wireless networking technology known as Thread.

Global Power Management System Market Report Scope:

• Historical Data – 2020 - 2021
• Base Year for Estimation – 2022
• Forecast period - 2023-2030
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Segments Covered – Type, Module, End-User, Region
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Hardware

Software

Services

By Module:

Power Monitoring

Load Shedding

Power Simulator

Generator Controls

Others

By End-User:

Oil & Gas

Marine

Metals & Mining

Data Centres

Utilities

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

Contents

CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Power Management System Market, by region, 2020-2030 (USD Billion)
  1.2.2. Power Management System Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Power Management System Market, by Module, 2020-2030 (USD Billion)
  1.2.4. Power Management System Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL POWER MANAGEMENT SYSTEM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL POWER MANAGEMENT SYSTEM MARKET DYNAMICS

3.1. Power Management System Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising demand for energy-efficient equipment across several industries
    3.1.1.2. Growing adoption of renewable sources to reduce energy costs
    3.1.1.3. Rising awareness regarding energy efficiency due to government regulations
    3.1.1.4. Growing adoption of IOT and cloud-based platforms
  3.1.2. Market Challenges
    3.1.2.1. Incompatibility of older power networks with new equipment
  3.1.3. Market Opportunities
    3.1.3.1. Rising use of distributed power generation

CHAPTER 4. GLOBAL POWER MANAGEMENT SYSTEM MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL POWER MANAGEMENT SYSTEM MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Power Management System Market by Type, Performance - Potential Analysis
5.3. Global Power Management System Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Power Management System Market, Sub Segment Analysis
  5.4.1. Hardware
  5.4.2. Software
  5.4.3. Services

CHAPTER 6. GLOBAL POWER MANAGEMENT SYSTEM MARKET, BY MODULE

6.1. Market Snapshot
6.2. Global Power Management System Market by Module, Performance - Potential Analysis
6.3. Global Power Management System Market Estimates & Forecasts by Module 2020-2030 (USD Billion)
6.4. Power Management System Market, Sub Segment Analysis
  6.4.1. Power Monitoring
  6.4.2. Load Shedding
  6.4.3. Power Simulator
  6.4.4. Generator Controls
  6.4.5. Others

CHAPTER 7. GLOBAL POWER MANAGEMENT SYSTEM MARKET, BY END-USER

7.1. Market Snapshot
7.2. Global Power Management System Market by End-User, Performance - Potential Analysis
7.3. Global Power Management System Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Power Management System Market, Sub Segment Analysis
  7.4.1. Oil & Gas
  7.4.2. Marine
  7.4.3. Metals & Mining
  7.4.4. Data Centres
  7.4.5. Utilities
  7.4.6. Others

CHAPTER 8. GLOBAL POWER MANAGEMENT SYSTEM MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Power Management System Market, Regional Market Snapshot
8.4. North America Power Management System Market
  8.4.1. U.S. Power Management System Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Module breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End-User breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Power Management System Market
8.5. Europe Power Management System Market Snapshot
  8.5.1. U.K. Power Management System Market
  8.5.2. Germany Power Management System Market
  8.5.3. France Power Management System Market
  8.5.4. Spain Power Management System Market
  8.5.5. Italy Power Management System Market
  8.5.6. Rest of Europe Power Management System Market
8.6. Asia-Pacific Power Management System Market Snapshot
  8.6.1. China Power Management System Market
  8.6.2. India Power Management System Market
  8.6.3. Japan Power Management System Market
  8.6.4. Australia Power Management System Market
  8.6.5. South Korea Power Management System Market
  8.6.6. Rest of Asia Pacific Power Management System Market
8.7. Latin America Power Management System Market Snapshot
  8.7.1. Brazil Power Management System Market
  8.7.2. Mexico Power Management System Market
8.8. Middle East & Africa Power Management System Market
  8.8.1. Saudi Arabia Power Management System Market
  8.8.2. South Africa Power Management System Market
  8.8.3. Rest of Middle East & Africa Power Management System Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. ABB Ltd. (Switzerland)
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. General Electric Company (US)
  9.3.3. Siemens AG (Germany)
  9.3.4. Eaton Corporation plc (Ireland)
  9.3.5. Schneider Electric SE (France)
  9.3.6. Emerson Electric Co. (US)
  9.3.7. Mitsubishi Electric Corporation (Japan)
  9.3.8. Rockwell Automation, Inc (US)
  9.3.9. Honeywell International Inc. (US)
  9.3.10. Fuji Electric Co. Ltd (Japan)

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption