As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Asia Pacific holds a significant share of the power management system industry owing to the growing demand for power management systems in the utility sector. The extensive demand for efficient power management systems in the manufacturing and oil and gas industries to streamline workflow efficiencies is driving the industry growth. As countries like India and China are witnessing rapid industrialisation and urbanisation, the demand for power management systems for providing power supply is increasing, hence augmenting the growth of the market. Moreover, the rising deployment of power management systems in data centres to meet the growing demand for high-speed networks is providing further impetus to the market.
Some of the leading companies in the market are ABB Ltd (NYSE: ABB) and RH Marine Netherlands BV. The latter developed an on-board cloud solution that simplifies repairs and updates while automating the network in November 2019. The system is inspired by cloud-technology that automates system integration. It offers an on-board computer network, which connects the power management system to the Alarm Control and Monitoring System (ACMS) and engine room. The system operates all software applications to enable efficient functioning during workstation failures and power outages. It can be installed on board any vessel during the construction and design phase, which makes it an ideal solution for refits and on-builds. Moreover, it makes vessels smarter and easy to operate. The development of such solutions is surging the demand for power management systems, which is driving the market growth.
Market Analysis by End-User and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global power management system market are ABB Ltd, ComAp A.S., RH Marine Netherlands BV, Wärtsilä Corporation, and Marine Control Service AS, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.