Chicago, IL -- (SBWire) -- 09/15/2017 --A network of meters that is attached to Internet for providing real time data is called power monitoring system in your facility. The feed meters online system software that permits the service providers and owners for identifying impending problems with several electrical systems. All the electrical equipment in the facility is clipped with a meter.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the power monitoring market. The scope of this report covers the power monitoring market by its major segments, which include the types, applications, and the major geographic regions.
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Regionally, the global power monitoring market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among these, North America is anticipated to be dominant leader in the global market for power monitoring over the forecast period due to investment in smart grid and aging transmission & distribution infrastructure in the global market for region. The market in Asia-Pacific region is anticipated to expand with maximum growth over the forecast period. This growth is due to increasing urbanization and industrialization and escalating capacity of renewable power generation in this region. Countries including China, India, and Japan are boosting the market for power monitoring in this region.
MARKET SEGMENTATION
This report analyzes the power monitoring market by the following segments:
Power Monitoring Market, by Component
1. Hardware
2. Software
3. Services
Power Monitoring Market, by End-user
1. Manufacturing and Process Industry
2. Datacenters
3. Utilities and Renewables
4. Public Infrastructure
5. Electric Vehicle Charging Stations
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Power Monitoring Market Expected to Grow at a Steady CAGR by 2022 - Scalar Market Research
Power Monitoring Market, by Component (Hardware, Software, Services), End-user (Manufacturing and Process Industry, Datacenters, Utilities and Renewables, Public Infrastructure, Electric Vehicle Charging Stations) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022