Power Management System Market worth $7.5 Billion by 2028
The global Power Management System Market is projected to reach USD 7.5 billion in 2028 from USD 5.8 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. Power Management System (PMS) is a set of hardware and software components designed to optimize and control the distribution and consumption of electrical power within a given system or facility. It plays a crucial...
Power Management System Market to Surpass $5.26 Billion by 2022
The global Power
Management System Market is projected to reach USD 5.26 billion by 2022,
growing at a CAGR of 6.88% from 2017 to 2022. This market growth is primarily
driven by the increasing demand for energy efficiency in the manufacturing
sector, rising installation of renewable energy in industry, and rising
adoption of IoT and cloud-based platforms. The shale oil & gas boom in
North America...