Report Details:
15 Companies Covered
111 Pages
Market Research Future (MRFR) has published a cooked research report on the “Power Monitoring System Market” that contains the information from 2019 to 2035.
The Power Monitoring System market is estimated to register a CAGR of 7.2% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Power Monitoring System Market— GE Vernova, Siemens, Hitachi, Eaton, Schneider Electric, Honeywell, Mitsubishi Electric, Fuji Electric FA, Emerson, Rockwell Automation, Rishabh Instruments, Megger, Fluke, Yokogawa and OMRON.
Power Monitoring System Market Highlights
The Power Monitoring System Market is accounted for to register a CAGR of 7.2% during the forecast period and is estimated to reach USD 12,200.22 million by 2035.
One of the most compelling growth opportunities in the global power monitoring system market lies in the accelerating push toward grid modernization. Around the world—particularly in developed economies—aging electrical infrastructure is struggling to keep pace with the rising demand for electricity, the increasing penetration of renewable energy, and the growing need for improved grid reliability, efficiency, and resilience. In response, governments and utilities are prioritizing the transformation of traditional power networks into smart grids—intelligent, flexible systems capable of real-time monitoring, rapid fault detection, and predictive maintenance. Power monitoring systems are at the heart of this transformation. These systems deliver detailed insights into voltage levels, power quality, and consumption trends across both transmission and distribution networks. This level of granular visibility enables operators to detect anomalies early, prevent outages, and make more informed decisions about asset utilization.
As smart grids become more widespread, power monitoring solutions—including advanced sensors, smart meters, and software platforms—are essential for ensuring operational stability and supporting more dynamic grid behavior. Aging grids, particularly in the United States and other mature markets, were not designed to accommodate today’s demands, such as integrating intermittent renewable sources, accommodating electric vehicles, and managing two-way energy flows from distributed energy resources like rooftop solar and battery storage. Modernization efforts aim to upgrade these systems using advanced technologies—such as automated controls, edge computing, and digital communication tools—that can work together to deliver electricity more reliably and efficiently. These upgrades help reduce the duration and frequency of outages, minimize the impact of severe weather events, and accelerate service restoration when disruptions occur. In the U.S. context, the electric grid is an immense, complex infrastructure—over 9,200 generating units and 600,000 miles of transmission lines—run by a collaborative ecosystem of utilities, regulators, manufacturers, and service providers. Agencies such as the Department of Energy’s Office of Electricity are actively working with public and private stakeholders to improve grid resilience and enable a transition to cleaner, more secure energy sources. These efforts are increasingly dependent on the deployment of advanced power monitoring systems that can deliver the real-time situational awareness necessary to manage such a complex and distributed system.
Segment Analysis
The Global Power Monitoring System Market has been segmented based on Application, Component, End User, Deployment Type and Region
The Global Power Monitoring System Market segmentation, based on Application has been segmented into Energy Management, Industrial Automation, Building Automation and Transportation. Among these, the Energy Management segment is projected to dominate the Global Power Monitoring System Market revenue through the projected period. Based on Component, the Global Power Monitoring System Market is segmented into Software, Hardware and Services. Among these, the Hardware segment is projected to dominate the market revenue through the period.
The Global Power Monitoring System Market segmentation, based on End User has been segmented into Utilities, Manufacturing, Commercial, Residential and Healthcare. Among these, the Utilities segment is projected to dominate the Global Power Monitoring System Market revenue through the projected period. Based on Deployment Type, the Global Power Monitoring System Market is segmented into On-Premise and Cloud-Based, among which, the On-Premise is projected to dominate the market revenue through the period.
Region Analysis
By Region, the Power Monitoring System market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North America Power Monitoring System market holds considerable market share and is also forecasted to hold the largest share during the forecast period. The region is driven by advanced industrialization, a focus on energy efficiency, and stringent government regulations. Growing concerns about grid stability, sustainability initiatives, and rising investments in smart grid technologies further support the demand for intelligent power monitoring solutions.
Key Findings of the Study
- The Global Power Monitoring System Market is expected to reach 12,200.22 million by 2035, at a CAGR of 7.2% during the forecast period.
- North America accounted for the fastest-growing market.
- Based on Application, the Energy Management segment was attributed to holding the largest market in 2024.
- Based on Component, the Hardware segment was attributed to holding the largest market in 2024.
- Based on End User, the Utilities segment was attributed to holding the largest market in 2024.
- Based on Deployment Type, the On-Premise segment was attributed to holding the largest market in 2024.
- GE Vernova, Siemens, Hitachi, Eaton, Schneider Electric, Honeywell, Mitsubishi Electric, Fuji Electric FA, Emerson, Rockwell Automation, Rishabh Instruments, Megger, Fluke, Yokogawa and OMRON are the key market players.
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