Power Management System Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Power Management
System Market. Market Insights The global power
management system market is expected to grow at a
CAGR of more than 6 over the forecast period.
This growth is mainly attributed to increasing
adoption of Internet of Things (IoT) and other
cloud-based platforms. Along with this, rising
demand for energy efficiency in manufacturing
sectors coupled with increasing installation of
renewables in various sectors is likely to
stimulate market growth. Factors such as low
production cost and its wide application across
businesses and residencies are likely to fuel
the market growth over the forecast period.
However, rising risk of data security such as
cyber-attacks and viruses are projected to affect
the profitability of market.
Power Management System Market Type Insights On
the basis of source, the industry is segmented
into hardware, software and services. The market
for software is anticipated to occupy the highest
share owing to increasing technological
innovations such as upgradation of existing
software. Moreover, rising adoption of
cloud-based platforms coupled with growing trend
of IoT is likely to boost the market.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Power Management System Market
Module Insights By form, the industry is
segmented into power monitoring control, load
shedding management, power simulator, energy
cost accounting, switching safety management,
generator controls and data historian among
others. The power monitoring control segment is
anticipated to register a significant growth
rate over the forecast period on account of
growing manufacturing sector and rising
government investment in developed economies.
Along with this, rising oil gas sector in
advanced economies is also projected to foster
demand for the product. Power Management System
Market Application Insights Power Management
System finds its application in oil gas,
marine, chemicals pharmaceuticals, paper
pulp, utilities, metals mining, and data
canters among others. The marine segment is
anticipated to dominate the market over the
forecast period owing to rising application of
power management system in marine vessels.
Moreover, factors such as fuel optimization and
automatic load shedding among others are also
expected to favour the sector. Power Management
System Market Regional Insights Asia Pacific
occupied the largest share of this market since
the past few years. This can be attributed to
growing manufacturing sector in this region.
Along with this, rising ship-building sector is
also expected to stimulate market growth.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Power Management System Market Vendor Landscape
• The report contains a chapter dedicated to
  vendors operating in the market, covering raw
  material manufactures, equipment developers,
  manufacturers, and distributors. The report
  provides these insights on a regional level.
  This section of the report entails contact
  details, experience, products manufactured/suppli
  ed, and geographical presence of companies.
• Power Management System Market End-Use Landscape
• The end-use landscape entails a list of current
  and prospective consumers prevailing across the
  regions. This section provides company addresses,
  contact details, products, and regional presence
  of companies who are purchasing or are likely to
  purchase power management system over the coming
  years. Some leading consumers of this market are
  Sinopec, Saudi Aramco and Exxon Mobil.
• Power Management System Market Market Share
  Competitor Analysis
• The key players profiled in the power management
  system include ABB, Siemens, Eaton, GE, ETAP,
  Wartsila, Mitsubishi, Schneider Electric,
  Rockwell Automation, Honeywell, Yokogawa, Larsen
  Toubro, and Cpower.
• In January 2018, Cyber Power Systems (USA), Inc.,
  launched an uninterruptible power supply (UPS)
  system. The system is designed to protect
  building and industrial controls and devices from
  surges, power failure, over-voltages and
  interruptions.
• The report segments the Power Management System
  Market on the basis of By Type

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• By Module
• Power Monitoring Control
• Load Shedding Management
• Power Simulator
• Energy Cost Accounting
• Switching Safety Management
• Generator Controls
• Data Historian
• Others
• By Application
• Oil Gas
• Marine
• Chemicals Pharmaceuticals
• Paper Pulp
• Utilities
• Metals Mining

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
This article contains text from the Power
Management System Market report prepared by
Global Market Estimates. For more information or
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