Global Power Utility Monitoring System Market 2018-2022

The infographic below contains key findings from our analysis of the power utility monitoring system market

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Overview of the global power utility monitoring system market

According to Technavio’s market research analysis, the rising awareness programs encouraging consumers to adopt smart meters will be one of the major global power utility monitoring system market drivers during the forecast period. Owing to the less knowledge of power distribution solutions among consumers, utilities are looking at educating consumers about advantages of setting up improved power distribution solutions. Moreover, the Austrian government started a campaign to educate consumers about the advantages of smart metering through news articles, mails, social media, and press conferences. The rising requirement for consumer engagement has assisted in increasing the adoption rates of smart meters that in turn creates an opportunity for power utility monitoring system vendors in this market. Our market research analysts predict that this market will grow at a CAGR of more than 6% by 2022.

The rising adoption of smart sensors in power utilities is one of the key power utility monitoring system market trends in the forthcoming years. Smart sensor fitted smart meters offer accurate meter reading due to their ability to record more than 17,000 readings every year. New solutions in smart sensors are being offered by numerous vendors in the market. For instance, eMS provides wireless temperature sensors that offer real-time and constant monitoring. These sensors are increasingly scalable and need no power.

Companies covered

Characterized by the presence of several players, the power utility monitoring system market appears to be fragmented. This industry research report offers information about the competitive environment among the players in this marketspace and offers an analysis of the key companies and their products such as energy management systems. Additionally, our analysts also offer information about the key areas the players currently focus on and the strategies they follow to sustain the competition in the energy management systems market.

This research report provides an analysis of the various companies in this market including –

• ABB       
• Emerson Electric              
• General Electric
• Itron     
• Schneider Electric            
• Siemens

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Segmentation by end-user and analysis of the power utility monitoring system market

• Commercial and residential
• Industrial sector

The commercial and residential end-user segment accounted for the major share of the power utility monitoring system market during 2017. Our industry expert analysts predict that this end-user segment will lead the market during the forecast period.

Geographical segmentation and analysis of the power utility monitoring system market

• Americas
• APAC
• EMEA

According to this market research report, EMEA will offer the maximum growth opportunities to the players in the power utility monitoring system market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global power utility monitoring system market?
• What are the key market trends impacting the growth of the global power utility monitoring system market?
• What are the challenges to market growth?
• Who are the key vendors in the global power utility monitoring system market?
• What are the market opportunities and threats faced by the vendors in the global power utility monitoring system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global power utility monitoring system market?

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