Power Monitoring Market to Gain Momentum; Increasing Focus on Efficient Utilization of Power Resources to Propel Market
The global power monitoring market is projected to reach USD 5.2 billion by 2024 from an estimated USD 3.8 billion in 2019, at a CAGR of 6.1% during the forecast period. Increasing focus on efficient utilization of power resources is driving the demand for the power monitoring market.
Key Market Players
The major players in the power monitoring market are Schneider Electric (France),...
Power Monitoring Market Insights with statistics and Growth Prediction 2017 to 2022
The power monitoring market is expected to grow at a CAGR of 5.76%, from 2017 to 2022, to reach a market size of USD 4.57 billion by 2022. Power monitoring system is a network of meters which are connected to internet through communication networks, to provide real-time and historical data to energy consumers. The investment in such infrastructure is supported by higher energy efficiency, reduced...