Power Management System Market by Type (Hardware, Software, Services), Module (Power Monitoring, Load Shedding, Power Simulator, Generator Controls), End-User (Oil & Gas, Marine, Metals & Mining, Data Centers) and Region - Global Forecast to 2028

Abstract
The global power management system market is estimated to grow from USD 5.8 Billion in 2023 to USD 7.5 Billion by 2028; it is expected to record a CAGR of 5.4% during the forecast period. The growing demand for improving the power reliability in the industries worldwide is driving the growth for the market.

“Marine: The largest segment of the power management system market, by end user industry“

Based on end user industry, the Power management system market has been split into three types Oil & Gas, Marine, Chemical & Petrochemical, Paper & Pulp, Metals & Mining, Utilities, Data Centre, and Others. The marine industry can reap numerous benefits by implementing power management systems (PMS). These advanced technologies and solutions enable more efficient and effective control, monitoring, and optimization of electrical power on board ships and vessels.

“Hardware segment is the second largest segment based on Type in the market”

By type, the Power management system market has been segmented into hardware, software, and services. The hardware segment in the power management system (PMS) refers to the physical components and devices that are used to facilitate the control, monitoring, and distribution of electrical power in various applications. The hardware segment encompasses a diverse range of equipment and devices, each serving specific functions in managing electrical power.

South America is expected to be the fastest-growing region in the power management system market

South America is expected to be the fastest-growing Power management system market during the forecast period. According to the World Bank, the power demand in South America is expected to reach 2,500 TWh between 2008 and 2030. The government plans to scale renewable sources of energy such as wind, solar, and biomass-based electricity to generate power. These factors are set to create favorable conditions for the expansion of the power management system market, supporting increased demand and market opportunities.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%

Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Power management system market is dominated by a few major players that have a wide regional presence. The leading players in the power management system market are ABB (Switzerland), Siemens (Germany), Schneider Electric (US), General Electric (US), Emerson Electric (US).

Research Coverage:
The report defines, describes, and forecasts the global power management systemmarket, by component, power source, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Power management system market.

Key Benefits of Buying the Report
•Increasing demand for energy efficiency, Rising installation of renewable in industries are some of the main factors driving the Power management system market. Factors such as Risk to data security still restrain the market. Rise in distributed power generation, Growth in the North American oil & gas sector and increase in offshore support vessels, creating opportunities in the power management system market to grow. Lack of compatibility with legacy power networks and equipment is the major challenge faced by countries under Power management system development.
•Product Development/ Innovation: ABB and Microsoft are partnering to incorporate generative AI capabilities into industrial digital solutions, with the goal of achieving safer, smarter, and more sustainable operations. This collaboration focuses on integrating Copilot capabilities to facilitate user interaction with ABB Ability™ Genix Industrial Analytics and AI Suite, as well as its applications. The aim is to enhance the value of contextualized data, leading to increased efficiency and sustainability benefits.
•Market Development: . The power management system finds application in several industries including power generation, oil & gas, and chemicals and pharmaceuticals. The region plays a vital role in the global energy market. After the Fukushima disaster, most of the countries such as China, India, South Korea, and Japan are focusing on expanding their energy market. Rapid industrialization and urbanization is one of the key factors driving the power management system market in the region. Also, the rapid growth of data centers coupled with the growth of IT hubs and commercial sectors such as malls and hospitals is driving the power management system market in the region.
•Market Diversification: In India, Schneider Electric has introduced EcoStruxure Service Plans, a fresh service offering. The objective of this launch is to provide comprehensive packages accompanied by robust digital services customized to meet specific customer requirements. With this new service offering, Schneider Electric aims to enhance its customers' maintenance budgets by up to 40% and reduce the risk of electrical failures by up to 75% on connected equipment.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), Schneider Electric (US), General Electric (US), Emerson Electric (US) among others in the Power management system market

Content
Table of Contents

1INTRODUCTION23
1.1STUDY OBJECTIVES23
1.2MARKET DEFINITION23
1.3MARKET SCOPE24
1.3.1MARKET SEGMENTATION24
1.3.2REGIONAL SCOPE24
1.3.3YEARS CONSIDERED25
1.4CURRENCY CONSIDERED25
1.5LIMITATIONS25
1.6STAKEHOLDERS26
1.7SUMMARY OF CHANGES26
2RESEARCH METHODOLOGY27
2.1RESEARCH DATA27
FIGURE 1POWER MANAGEMENT SYSTEM MARKET: RESEARCH DESIGN27
2.2MARKET BREAKDOWN AND DATA TRIANGULATION28
2.2.1SECONDARY DATA29
2.2.2PRIMARY DATA29
2.2.2.1Key data from primary sources30
2.2.2.2Key industry insights30
2.2.2.3Breakdown of primaries31
FIGURE 2BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION31
2.3STUDY SCOPE31
FIGURE 3MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR POWER MANAGEMENT SYSTEMS32
2.4MARKET SIZE ESTIMATION32
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH32
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH33
2.4.1DEMAND-SIDE ANALYSIS33
2.4.1.1Regional analysis34
2.4.1.2Country-level analysis34
2.4.1.3Assumptions for demand-side analysis34
2.4.1.4Calculations for demand-side analysis34
2.4.2SUPPLY-SIDE ANALYSIS35
FIGURE 6KEY STEPS CONSIDERED TO ASSESS SUPPLY-SIDE OF ENERGY MANAGEMENT SYSTEMS35
FIGURE 7POWER MANAGEMENT SYSTEM MARKET: SUPPLY-SIDE ANALYSIS36
2.4.2.1Calculations for supply-side analysis36
2.4.2.2Assumptions for supply-side analysis36
FIGURE 8COMPANY REVENUE ANALYSIS, 202237
2.5RESEARCH ASSUMPTIONS37
2.5.1FORECAST37
2.6RISK ASSESSMENT38
2.7RECESSION IMPACT38
3EXECUTIVE SUMMARY39
TABLE 1POWER MANAGEMENT SYSTEM MARKET SNAPSHOT39
FIGURE 9ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR POWER MANAGEMENT SYSTEMS FROM 2023 TO 202840
FIGURE 10SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF POWER MANAGEMENT SYSTEM MARKET, BY TYPE, IN 202841
FIGURE 11MARINE SEGMENT TO DOMINATE POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, IN 202341
FIGURE 12POWER MONITORING & CONTROL SEGMENT TO CAPTURE LARGEST SHARE OF POWER MANAGEMENT SYSTEM MARKET, BY MODULE, THROUGHOUT FORECAST PERIOD42
4PREMIUM INSIGHTS43
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER MANAGEMENT SYSTEM MARKET43
FIGURE 13RISING ADOPTION OF RENEWABLE ENERGY SOURCES TO GENERATE ELECTRICITY TO DRIVE MARKET43
4.2POWER MANAGEMENT SYSTEM MARKET IN NORTH AMERICA, BY END-USER INDUSTRY AND COUNTRY44
FIGURE 14OIL & GAS INDUSTRY AND US DOMINATED POWER MANAGEMENT SYSTEM MARKET IN NORTH AMERICA IN 202244
4.3POWER MANAGEMENT SYSTEM MARKET, BY TYPE44
FIGURE 15SOFTWARE SEGMENT TO HOLD LARGEST MARKET SHARE IN 202844
4.4POWER MANAGEMENT SYSTEM MARKET, BY MODULE45
FIGURE 16POWER MONITORING & CONTROL SEGMENT TO CAPTURE MAJORITY OF MARKET SHARE IN 202845
4.5POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY45
FIGURE 17OIL & GAS INDUSTRY TO LEAD POWER MANAGEMENT SYSTEM MARKET IN 202845
5MARKET OVERVIEW46
5.1INTRODUCTION46
5.2MARKET DYNAMICS46
FIGURE 18POWER MANAGEMENT SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES46
5.2.1DRIVERS47
5.2.1.1Increasing demand for energy-efficient equipment across several industries47
TABLE 2GLOBAL ENERGY PERFORMANCE STANDARDS47
5.2.1.2Rising adoption of renewable sources to reduce energy costs48
TABLE 3AVERAGE COST OF DEPLOYMENT, BY TECHNOLOGY, 2015 VS. 202549
5.2.1.3Growing implementation of Iot and cloud-based platforms49
5.2.2RESTRAINTS49
5.2.2.1Data security issues in cloud-based power management systems49
FIGURE 19ATTACK VECTOR PERCENTAGE FOR CLOUD-BASED POWER MANAGEMENT SYSTEMS49
5.2.3OPPORTUNITIES50
5.2.3.1Rising use of distributed power generation50
5.2.3.2Increasing investments in offshore support vessel production50
5.2.4CHALLENGES51
5.2.4.1Incompatibility of older power networks with new equipment51
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS51
5.3.1REVENUE SHIFTS AND NEW REVENUE POCKETS FOR POWER MANAGEMENT SYSTEM MANUFACTURERS51
FIGURE 20NEW REVENUE POCKETS FOR PLAYERS IN ECOSYSTEM51
5.4ECOSYSTEM MAPPING52
FIGURE 21POWER MANAGEMENT SYSTEM MARKET MAPPING52
TABLE 4ROLE OF PLAYERS IN ECOSYSTEM52
5.5VALUE CHAIN ANALYSIS54
FIGURE 22POWER MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS54
5.5.1RAW MATERIAL PROVIDERS/SUPPLIERS54
5.5.2COMPONENT MANUFACTURERS55
5.5.3POWER MANAGEMENT SYSTEM MANUFACTURERS/ASSEMBLERS55
5.5.4DISTRIBUTORS/END-USER INDUSTRIES55
5.5.5POST-SALES SERVICE PROVIDERS55
5.6AVERAGE SELLING PRICE (ASP) ANALYSIS55
TABLE 5PRICING ANALYSIS OF POWER MONITORING DEVICES55
5.7PORTER’S FIVE FORCES ANALYSIS56
FIGURE 23PORTER’S FIVE FORCES ANALYSIS FOR POWER MANAGEMENT SYSTEM MARKET56
TABLE 6POWER MANAGEMENT SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS56
5.7.1THREAT OF SUBSTITUTES57
5.7.2BARGAINING POWER OF SUPPLIERS57
5.7.3BARGAINING POWER OF BUYERS57
5.7.4THREAT OF NEW ENTRANTS57
5.7.5INTENSITY OF COMPETITIVE RIVALRY58
5.8KEY STAKEHOLDERS AND BUYING CRITERIA58
5.8.1KEY STAKEHOLDERS IN BUYING PROCESS58
FIGURE 24INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES58
TABLE 7INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES58
5.9BUYING CRITERIA59
FIGURE 25IMPACT OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES59
TABLE 8KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES59
6POWER MANAGEMENT SYSTEM MARKET, BY MODULE60
6.1INTRODUCTION61
FIGURE 26POWER MONITORING & CONTROL MODULES LED POWER MANAGEMENT SYSTEM MARKET IN 202261
TABLE 9POWER MANAGEMENT SYSTEM MARKET, BY MODULE, 2021–2028 (USD MILLION)61
6.2POWER MONITORING & CONTROL62
6.2.1INCREASING ADOPTION OF POWER MONITORING & CONTROL MODULES BY ENERGY-INTENSIVE INDUSTRIES TO DRIVE MARKET62
TABLE 10POWER MONITORING & CONTROL: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)62
6.3LOAD SHEDDING & MANAGEMENT63
6.3.1RISING USE OF LOAD SHEDDING & MANAGEMENT MODULES TO OPTIMIZE LOAD DISTRIBUTION TO FUEL MARKET GROWTH63
TABLE 11LOAD SHEDDING & MANAGEMENT: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)63
6.4ENERGY COST ACCOUNTING63
6.4.1GROWING FOCUS ON CALCULATING AND OPTIMIZING ENERGY COSTS TO INCREASE DEMAND FOR ENERGY COST ACCOUNTING MODULES63
TABLE 12ENERGY COST ACCOUNTING: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)64
6.5SWITCHING & SAFETY MANAGEMENT64
6.5.1INCREASING DEPLOYMENT OF SWITCHING & SAFETY MANAGEMENT MODULES TO AUTOMATE FAULT DETECTION AND OTHER SAFETY FUNCTIONS TO FUEL MARKET GROWTH64
TABLE 13SWITCHING & SAFETY MANAGEMENT: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)65
6.6POWER SIMULATION SYSTEM65
6.6.1RISING USE OF POWER SIMULATORS TO PERFORM HARMONICS SIMULATION AND RELIABILITY ASSESSMENT FUNCTIONS TO CONTRIBUTE TO MARKET GROWTH65
TABLE 14POWER SIMULATION SYSTEM: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)66
6.7GENERATOR CONTROL66
6.7.1SURGING ADOPTION OF GENERATOR CONTROL MODULES FOR GENERATOR PROTECTION AND FUEL OPTIMIZATION TO SUPPORT MARKET GROWTH66
TABLE 15GENERATOR CONTROL: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)67
6.8DATA HISTORIAN67
6.8.1INCREASING ADOPTION OF DATA HISTORIAN MODULES TO MANAGE VAST DATA VOLUMES IN POWER MANAGEMENT SYSTEMS TO DRIVE MARKET67
TABLE 16DATA HISTORIAN: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)68
6.9OTHER MODULES68
TABLE 17OTHER MODULES: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)68
7POWER MANAGEMENT SYSTEM MARKET, BY TYPE69
7.1INTRODUCTION70
FIGURE 27SOFTWARE SEGMENT DOMINATED POWER MANAGEMENT SYSTEM MARKET IN 202270
TABLE 18POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)70
7.2HARDWARE70
7.2.1RETROFITTING OF OLDER MANUFACTURING PLANTS AND MARINE VESSELS TO BOOST DEMAND FOR HARDWARE PRODUCTS70
TABLE 19HARDWARE: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)71
7.3SOFTWARE71
7.3.1UTILIZATION OF SOFTWARE TO CONFIGURE POWER SETTINGS AND AUTOMATE ENERGY-SAVING FEATURES TO DRIVE SEGMENTAL GROWTH71
TABLE 20SOFTWARE: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)71
7.4SERVICES72
7.4.1INCREASED DEMAND FOR CUSTOMIZED POWER MANAGEMENT SOLUTIONS TO CREATE OPPORTUNITIES FOR SERVICE PROVIDERS72
TABLE 21SERVICES: POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)72
8POWER MANAGEMENT SYSTEM MARKET, BY REGION73
8.1INTRODUCTION74
FIGURE 28ASIA PACIFIC TO RECORD HIGHEST CAGR IN POWER MANAGEMENT SYSTEM MARKET DURING FORECAST PERIOD74
FIGURE 29NORTH AMERICA COMMANDED POWER MANAGEMENT SYSTEM MARKET IN 202274
TABLE 22POWER MANAGEMENT SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)75
8.2NORTH AMERICA75
8.2.1RECESSION IMPACT ON MARKET IN NORTH AMERICA75
FIGURE 30NORTH AMERICA: MARKET SNAPSHOT76
8.2.2BY TYPE76
TABLE 23NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)76
8.2.3BY END-USER INDUSTRY77
TABLE 24NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY END-USER, 2021–2028 (USD MILLION)77
8.2.4BY COUNTRY77
TABLE 25NORTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)77
8.2.4.1US77
8.2.4.1.1Utilization of wind and solar energy to generate electricity to boost demand for power management systems77
TABLE 26US: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)78
8.2.4.2Mexico78
8.2.4.2.1Oil & gas and metals & mining industries to contribute significantly to market growth78
TABLE 27MEXICO: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)78
8.2.4.3Canada79
8.2.4.3.1Focus of government on modernization of grid infrastructure to present opportunities to power management system vendors79
TABLE 28CANADA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)79
8.3ASIA PACIFIC79
8.3.1RECESSION IMPACT ON MARKET IN ASIA PACIFIC79
FIGURE 31ASIA PACIFIC: MARKET SNAPSHOT80
8.3.2BY TYPE81
TABLE 29ASIA PACIFIC: POWER MANAGEMENT SYSTEM, BY TYPE, 2021–2028 (USD MILLION)81
8.3.3BY END-USER INDUSTRY81
TABLE 30ASIA PACIFIC: POWER MANAGEMENT SYSTEM, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)81
8.3.4BY COUNTRY81
TABLE 31ASIA PACIFIC: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)81
8.3.4.1China82
8.3.4.1.1Rising investments in generating power using renewable sources to fuel demand for power management systems82
TABLE 32CHINA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)82
8.3.4.2Japan82
8.3.4.2.1Increasing focus on grid infrastructure improvement to boost demand for power management systems82
TABLE 33JAPAN: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)83
8.3.4.3India83
8.3.4.3.1Deployment of wind and solar energy projects to support high demand for power management systems83
TABLE 34INDIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)83
8.3.4.4South Korea84
8.3.4.4.1Presence of ship and offshore support vessel manufacturers to support market growth84
TABLE 35SOUTH KOREA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)84
8.3.4.5Rest of Asia Pacific84
TABLE 36REST OF ASIA PACIFIC: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)84
8.4EUROPE85
8.4.1RECESSION IMPACT ON MARKET IN EUROPE85
8.4.2BY TYPE85
TABLE 37EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)85
8.4.3BY END-USER INDUSTRY86
TABLE 38EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)86
8.4.4BY COUNTRY86
TABLE 39EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)86
8.4.4.1Russia87
8.4.4.1.1Booming mining industry to drive deployment of power management systems87
TABLE 40RUSSIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)87
8.4.4.2UK87
8.4.4.2.1Carbon neutrality goals set by government to accelerate adoption of power management systems87
TABLE 41UK: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)88
8.4.4.3Germany88
8.4.4.3.1Incentive and energy efficiency programs run by government to drive market88
TABLE 42GERMANY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)89
8.4.4.4France89
8.4.4.4.1Growing focus on generating electricity using renewable sources to contribute to market growth89
TABLE 43FRANCE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)89
8.4.4.5Norway90
8.4.4.5.1Presence of robust shipbuilding industry to boost implementation of power management systems90
TABLE 44NORWAY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)90
8.4.4.6Italy90
8.4.4.6.1Availability of subsidies and low-interest loans to deploy energy-efficient equipment at commercial sites to fuel market growth90
TABLE 45ITALY: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)91
8.4.4.7Rest of Europe91
TABLE 46REST OF EUROPE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)91
8.5MIDDLE EAST & AFRICA92
8.5.1RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA92
8.5.2BY TYPE92
TABLE 47MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM, BY TYPE, 2021–2028 (USD MILLION)92
8.5.3BY END-USER INDUSTRY93
TABLE 48MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)93
8.5.4BY COUNTRY93
TABLE 49MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)93
8.5.4.1Saudi Arabia94
8.5.4.1.1Increasing use of digital technologies in oil & gas facilities to fuel demand for power management systems94
TABLE 50SAUDI ARABIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)94
8.5.4.2UAE94
8.5.4.2.1Presence of oil reserves and oil-producing firms to boost implementation of power management systems94
TABLE 51UAE: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)94
8.5.4.3Qatar95
8.5.4.3.1Significant focus on reducing energy cost to accelerate adoption of power management systems95
TABLE 52QATAR: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)95
8.5.4.4Kuwait95
8.5.4.4.1Growing investments in oil and gas exploration activities to fuel market growth95
TABLE 53KUWAIT: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)95
8.5.4.5South Africa96
8.5.4.5.1Increasing use of energy-saving technologies in mining facilities to drive market96
TABLE 54SOUTH AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)96
8.5.4.6Nigeria96
8.5.4.6.1Rising focus of oil-producing firms on efficient operations to support increasing demand for power management systems96
TABLE 55NIGERIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)96
8.5.4.7Egypt97
8.5.4.7.1Increased focus on adding renewable energy capacity to contribute to market growth97
TABLE 56EGYPT: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)97
8.5.4.8Rest of Middle East & Africa97
TABLE 57REST OF MIDDLE EAST & AFRICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)97
8.6SOUTH AMERICA98
8.6.1RECESSION IMPACT ON MARKET IN SOUTH AMERICA98
8.6.2BY TYPE98
TABLE 58SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)98
8.6.3BY END-USER INDUSTRY99
TABLE 59SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2028 (USD MILLION)99
8.6.4BY COUNTRY99
TABLE 60SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)99
8.6.4.1Brazil100
8.6.4.1.1Booming metals & mining industry to fuel demand for power management systems100
TABLE 61BRAZIL: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)100
8.6.4.2Colombia100
8.6.4.2.1Increasing investments in power generation projects to drive market100
TABLE 62COLOMBIA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)100
8.6.4.3Argentina101
8.6.4.3.1Rising use of renewable energy sources to generate electricity to fuel market growth101
TABLE 63ARGENTINA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)101
8.6.4.4Rest of South America101
TABLE 64REST OF SOUTH AMERICA: POWER MANAGEMENT SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)101
9COMPETITIVE LANDSCAPE102
9.1OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS102
TABLE 65OVERVIEW OF MAJOR STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022102
9.2MARKET SHARE ANALYSIS OF TOP 5 PLAYERS104
FIGURE 32DEGREE OF COMPETITION, 2022105
9.3REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS106
FIGURE 33REVENUE ANALYSIS FOR TOP PLAYERS IN POWER MANAGEMENT SYSTEM MARKET FROM 2018 TO 2022106
9.4COMPANY EVALUATION MATRIX107
9.4.1STARS107
9.4.2PERVASIVE PLAYERS107
9.4.3EMERGING LEADERS107
9.4.4PARTICIPANTS107
FIGURE 34COMPANY EVALUATION MATRIX, 2022108
9.5COMPANY FOOTPRINT109
TABLE 66COMPANY TYPE FOOTPRINT109
TABLE 67COMPANY END-USER INDUSTRY FOOTPRINT110
TABLE 68COMPANY REGION FOOTPRINT111
TABLE 69OVERALL COMPANY FOOTPRINT112
9.6COMPETITIVE SCENARIO113
TABLE 70POWER MANAGEMENT SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020–JULY 2023113
TABLE 71POWER MANAGEMENT SYSTEM MARKET: DEALS, JANUARY 2019–JULY 2023113
TABLE 72POWER MANAGEMENT SYSTEM MARKET: OTHERS, JANUARY 2019–JULY 2023114
10COMPANY PROFILES115
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
10.1ABB115
TABLE 73ABB: COMPANY OVERVIEW115
FIGURE 35ABB: COMPANY SNAPSHOT116
TABLE 74ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED116
TABLE 75ABB: DEALS117
10.2GENERAL ELECTRIC119
TABLE 76GENERAL ELECTRIC: COMPANY OVERVIEW119
FIGURE 36GENERAL ELECTRIC: COMPANY SNAPSHOT120
TABLE 77GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED120
TABLE 78GENERAL ELECTRIC: PRODUCT LAUNCHES121
10.3SIEMENS123
TABLE 79SIEMENS: COMPANY OVERVIEW123
FIGURE 37SIEMENS: COMPANY SNAPSHOT124
TABLE 80SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED125
TABLE 81SIEMENS: DEALS125
10.4EATON127
TABLE 82EATON: COMPANY OVERVIEW127
FIGURE 38EATON: COMPANY SNAPSHOT128
TABLE 83EATON: PRODUCTS/SERVICES/SOLUTIONS OFFERED128
TABLE 84EATON: OTHERS129
10.5ETAP130
TABLE 85ETAP: COMPANY OVERVIEW130
TABLE 86ETAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED130
TABLE 87ETAP: DEALS131
10.6SCHNEIDER ELECTRIC132
TABLE 88SCHNEIDER ELECTRIC: COMPANY OVERVIEW132
FIGURE 39SCHNEIDER ELECTRIC: COMPANY SNAPSHOT133
TABLE 89SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED134
TABLE 90SCHNEIDER ELECTRIC: PRODUCT LAUNCHES135
10.7EMERSON136
TABLE 91EMERSON: COMPANY OVERVIEW136
FIGURE 40EMERSON: COMPANY SNAPSHOT137
TABLE 92EMERSON: PRODUCTS/SERVICES/SOLUTIONS OFFERED137
TABLE 93EMERSON: DEALS138
10.8MITSUBISHI ELECTRIC140
TABLE 94MITSUBISHI ELECTRIC: COMPANY OVERVIEW140
FIGURE 41MITSUBISHI ELECTRIC: COMPANY SNAPSHOT141
TABLE 95MITSUBISHI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED142
TABLE 96MITSUBISHI ELECTRIC: DEALS142
10.9ROCKWELL AUTOMATION143
TABLE 97ROCKWELL AUTOMATION: COMPANY OVERVIEW143
FIGURE 42ROCKWELL AUTOMATION: COMPANY SNAPSHOT144
TABLE 98ROCKWELL AUTOMATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED144
10.10HONEYWELL INTERNATIONAL INC.145
TABLE 99HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW145
FIGURE 43HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT146
TABLE 100HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED147
10.11FUJI ELECTRIC148
TABLE 101FUJI ELECTRIC: COMPANY OVERVIEW148
FIGURE 44FUJI ELECTRIC: COMPANY SNAPSHOT149
TABLE 102FUJI ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED150
10.12LARSEN & TOUBRO151
TABLE 103LARSEN & TOUBRO: COMPANY OVERVIEW151
FIGURE 45LARSEN & TOUBRO: COMPANY SNAPSHOT152
TABLE 104LARSEN & TOUBRO: PRODUCTS/SERVICES/SOLUTIONS OFFERED153
10.13YOKOGAWA154
TABLE 105YOKOGAWA: COMPANY OVERVIEW154
FIGURE 46YOKOGAWA: COMPANY SNAPSHOT155
TABLE 106YOKOGAWA: PRODUCTS/SERVICES/SOLUTIONS OFFERED155
10.14WÄRTSILÄ156
TABLE 107WÄRTSILÄ: COMPANY OVERVIEW156
FIGURE 47WÄRTSILÄ: COMPANY SNAPSHOT157
TABLE 108WÄRTSILÄ: PRODUCTS/SERVICES/SOLUTIONS OFFERED157
10.15CPOWER158
TABLE 109CPOWER: COMPANY OVERVIEW158
TABLE 110CPOWER: PRODUCTS/SERVICES/SOLUTIONS OFFERED158
10.16BRUSH159
TABLE 111BRUSH: COMPANY OVERVIEW159
10.17ALBIREO ENERGY159
TABLE 112ALBIREO ENERGY: COMPANY OVERVIEW159
10.18GREYSTONE ENERGY SYSTEMS INC.160
TABLE 113GREYSTONE ENERGY SYSTEMS INC.: COMPANY OVERVIEW160
10.19OMRON160
TABLE 114OMRON: COMPANY OVERVIEW160
10.20LINEAGE POWER161
TABLE 115LINEAGE POWER: COMPANY OVERVIEW161
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
11APPENDIX162
11.1INSIGHTS FROM INDUSTRY EXPERTS162
11.2DISCUSSION GUIDE162
11.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL166
11.4CUSTOMIZATION OPTIONS168
11.5RELATED REPORTS168
11.6AUTHOR DETAILS169