DUBLIN--(BUSINESS WIRE)--The "Global Power Monitoring and Control Software Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The global power monitoring and control software market is poised to grow by $3.19 billion during 2020-2024, progressing at a CAGR of 6% during the forecast period.
This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by the growing need for efficient power monitoring and control, rise in use of solar and wind-generated power, and the advent of automation and IoT in industrial applications.
The study identifies the increasing focus on energy efficiency as one of the prime reasons driving the power monitoring and control software market growth during the next few years. Also, high adoption in data centers and the rising need for power distribution analysis among power utilities will lead to sizable demand in the market.
The global power monitoring and control software market is segmented as below:
By Application
- Industrial
- Commercial
- Residential
By Geography
- Europe
- North America
- APAC
- MEA
- South America
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power monitoring and control software market vendors that include:
- ABB Ltd.
- Eaton Corporation plc
- Emerson Electric Co.
- Fluke Corp.
- General Electric Co.
- Mitsubishi Electric Corp.
- OMRON Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
Also, the power monitoring and control software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
For more information about this report visit https://www.researchandmarkets.com/r/57yftx
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