Power Monitoring And Control Software Market size to grow by USD 3,433.02 million from 2022 to 2027; Growth driven by rising use of solar and wind-generated power – Technavio

NEW YORK, May 19, 2023 /PRNewswire/ — The latest report on the power monitoring and control software market, 2023-2027 estimates to register an incremental growth of USD 3433.02 million, at a CAGR of 5.59% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The rising use of solar and wind-generated power is notably driving the market growth, although factors such as concerns over cyber threats may impede the market growth. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Power Monitoring And Control Software Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Fortive Corp., Fuji Electric Co. Ltd., General Electric Co., Honeywell International Inc., ITRS Group Ltd., Legrand SA, Littelfuse Inc., Mitsubishi Electric Corp., OMRON Corp., Packet Power LLC, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Tata Sons Pvt. Ltd., Tenzing Corp., Vertiv Holdings Co., and Yokogawa Electric Corp. are among some of the major market participants.

global.abb- The company offers steel tubes of various shapes and sizes based on individual customer needs, offering round, square, rectangular, oval, semi-oval, octagonal, elliptical and special shaped steel tubes for precision applications.

eaton.com- The company offers steel tubes that includes a range of precision steel tubes with the entire range of seamless and welded precision, steel and stainless steel tubes in the dimension range from around 0.25 x 0.05 mm to 660 x 100 mm.

ge.com- The company offers steel tubes that are used for applications in digesters, fluid piping, LP/HP heaters and other evaporators.

What`s New for 2023?

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• Global competitiveness and key competitor positions
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Power Monitoring and Control Software Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Power Monitoring and Control Software Market 2023-2027 Size
• Power Monitoring and Control Software Market 2023-2027 Trends
• Power Monitoring and Control Software Market 2023-2027 Industry Analysis

Market Driver

• Growing need for efficient power monitoring and control
• Rising use of solar and wind-generated power
• Advent of automation and IoT in industrial applications

Market Trend

• Increasing focus on energy efficiency
• High adoption in data centers
• Rising need for power distribution analysis among power utilities

Market Challenges

• Concerns over cyber threats
• Availability of open-source software
• Lack of expertise and financial resource affecting adoption and use

Technavio has identified key trends, drivers, and challenges in the market, which will
help clients improve their strategies to stay ahead of their competitors. Download
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Power Monitoring and Control Software Market 2023-2027: Segmentation

Power Monitoring and Control Software Market is segmented as below:

• Application 
• Industrial: The market share growth by the industrial segment will be significant during the forecast period. With increasing complexity in operations and the rise in automation, the demand for power in industries has increased significantly, particularly as a typical industrial facility includes equipment with different patterns of power consumption.
• Commercial
• Residential
• Deployment 
• Cloud
• On-premises
• Geography 
• Europe
• North America: North America is estimated to contribute 29% to the growth of the global market during the forecast period.
• APAC
• Middle East And Africa
• South America

For insights on global, regional, and country-level parameters with growth
opportunities, historic (2017 to 2021) & forecast (2023-2027)  – Download a Sample
Report

Power Monitoring and Control Software Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist power monitoring and control software market growth during the next five years
• Estimation of the power monitoring and control software market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the power monitoring and control software market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of power monitoring and control software market, vendors

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global power monitoring and control software market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global power monitoring and control software market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Deployment Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Deployment Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Industrial – Market size and forecast 2022-2027
• Exhibit 34: Chart on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Industrial – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Industrial – Year-over-year growth 2022-2027 (%)

• 6.4 Commercial – Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Commercial – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial – Year-over-year growth 2022-2027 (%)

• 6.5 Residential – Market size and forecast 2022-2027
• Exhibit 42: Chart on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Residential – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Residential – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Deployment

• 7.1 Market segments 
• Exhibit 47: Chart on Deployment – Market share 2022-2027 (%)
• Exhibit 48: Data Table on Deployment – Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 49: Chart on Comparison by Deployment
• Exhibit 50: Data Table on Comparison by Deployment

• 7.3 Cloud – Market size and forecast 2022-2027
• Exhibit 51: Chart on Cloud – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Cloud – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Cloud – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Cloud – Year-over-year growth 2022-2027 (%)

• 7.4 On-premises – Market size and forecast 2022-2027
• Exhibit 55: Chart on On-premises – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on On-premises – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on On-premises – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on On-premises – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 59: Market opportunity by Deployment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 Europe – Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Canada – Market size and forecast 2022-2027
• Exhibit 97: Chart on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027
• Exhibit 101: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 112: ABB Ltd. – Overview
• Exhibit 113: ABB Ltd. – Business segments
• Exhibit 114: ABB Ltd. – Key offerings
• Exhibit 115: ABB Ltd. – Segment focus

• 12.4 Eaton Corp. Plc 
• Exhibit 116: Eaton Corp. Plc – Overview
• Exhibit 117: Eaton Corp. Plc – Business segments
• Exhibit 118: Eaton Corp. Plc – Key news
• Exhibit 119: Eaton Corp. Plc – Key offerings
• Exhibit 120: Eaton Corp. Plc – Segment focus

• 12.5 Emerson Electric Co. 
• Exhibit 121: Emerson Electric Co. – Overview
• Exhibit 122: Emerson Electric Co. – Business segments
• Exhibit 123: Emerson Electric Co. – Key news
• Exhibit 124: Emerson Electric Co. – Key offerings
• Exhibit 125: Emerson Electric Co. – Segment focus

• 12.6 Fortive Corp. 
• Exhibit 126: Fortive Corp. – Overview
• Exhibit 127: Fortive Corp. – Business segments
• Exhibit 128: Fortive Corp. – Key offerings
• Exhibit 129: Fortive Corp. – Segment focus

• 12.7 Fuji Electric Co. Ltd. 
• Exhibit 130: Fuji Electric Co. Ltd. – Overview
• Exhibit 131: Fuji Electric Co. Ltd. – Business segments
• Exhibit 132: Fuji Electric Co. Ltd. – Key offerings
• Exhibit 133: Fuji Electric Co. Ltd. – Segment focus

• 12.8 General Electric Co. 
• Exhibit 134: General Electric Co. – Overview
• Exhibit 135: General Electric Co. – Business segments
• Exhibit 136: General Electric Co. – Key news
• Exhibit 137: General Electric Co. – Key offerings
• Exhibit 138: General Electric Co. – Segment focus

• 12.9 Honeywell International Inc. 
• Exhibit 139: Honeywell International Inc. – Overview
• Exhibit 140: Honeywell International Inc. – Business segments
• Exhibit 141: Honeywell International Inc. – Key news
• Exhibit 142: Honeywell International Inc. – Key offerings
• Exhibit 143: Honeywell International Inc. – Segment focus

• 12.10 Legrand SA 
• Exhibit 144: Legrand SA – Overview
• Exhibit 145: Legrand SA – Business segments
• Exhibit 146: Legrand SA – Key offerings
• Exhibit 147: Legrand SA – Segment focus

• 12.11 Littelfuse Inc. 
• Exhibit 148: Littelfuse Inc. – Overview
• Exhibit 149: Littelfuse Inc. – Business segments
• Exhibit 150: Littelfuse Inc. – Key offerings
• Exhibit 151: Littelfuse Inc. – Segment focus

• 12.12 Mitsubishi Electric Corp. 
• Exhibit 152: Mitsubishi Electric Corp. – Overview
• Exhibit 153: Mitsubishi Electric Corp. – Business segments
• Exhibit 154: Mitsubishi Electric Corp. – Key news
• Exhibit 155: Mitsubishi Electric Corp. – Key offerings
• Exhibit 156: Mitsubishi Electric Corp. – Segment focus

• 12.13 OMRON Corp. 
• Exhibit 157: OMRON Corp. – Overview
• Exhibit 158: OMRON Corp. – Business segments
• Exhibit 159: OMRON Corp. – Key news
• Exhibit 160: OMRON Corp. – Key offerings
• Exhibit 161: OMRON Corp. – Segment focus

• 12.14 Rockwell Automation Inc. 
• Exhibit 162: Rockwell Automation Inc. – Overview
• Exhibit 163: Rockwell Automation Inc. – Business segments
• Exhibit 164: Rockwell Automation Inc. – Key news
• Exhibit 165: Rockwell Automation Inc. – Key offerings
• Exhibit 166: Rockwell Automation Inc. – Segment focus

• 12.15 Schneider Electric SE 
• Exhibit 167: Schneider Electric SE – Overview
• Exhibit 168: Schneider Electric SE – Business segments
• Exhibit 169: Schneider Electric SE – Key news
• Exhibit 170: Schneider Electric SE – Key offerings
• Exhibit 171: Schneider Electric SE – Segment focus

• 12.16 Siemens AG 
• Exhibit 172: Siemens AG – Overview
• Exhibit 173: Siemens AG – Business segments
• Exhibit 174: Siemens AG – Key news
• Exhibit 175: Siemens AG – Key offerings
• Exhibit 176: Siemens AG – Segment focus

• 12.17 Tenzing Corp. 
• Exhibit 177: Tenzing Corp. – Overview
• Exhibit 178: Tenzing Corp. – Product / Service
• Exhibit 179: Tenzing Corp. – Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

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