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Global Power Management System Market: By End-User: Utilities, Data Centres, Oil and Gas, Marine, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Power Management System Market Outlook

The global power management system market attained a value of about USD 2.3 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 7.06% to reach nearly USD 3.5 billion by 2027.

 

Increasing Deployment of Power Management System in the Marine Industry Bolstering the Market Growth

The growing demand for power management systems in the marine industry is augmenting the market growth. As power saving is one of the most critical board operations, mariners are increasingly deploying power management systems to boost energy efficiency, thereby augmenting the market growth. The integration of a human-machine interface (HMI) to enable users to communicate with generators while allowing the overview of overall power management system is significantly contributing to the growth of the market.

The rising deployment of automatic power management systems to efficiently regulate power generation while automating power conservation is driving the growth of the market. The easy system configuration and different operation modes provided by power management systems are surging their use, thereby driving the industry growth. Moreover, the ease-of-maintenance and convenience offered by innovative power management systems are increasing their use in vessels, which is providing further impetus to the industry growth.

 

Power Management System: Industry Definition and Segmentation

A power management system refers to a system that monitors power distribution systems to enhance the quality and usability of energy. It enhances the efficiency, reliability, and safety of electrical distribution systems while optimising maintenance and durability. As electrical systems are increasingly getting more complex, power management systems are deployed to simplify the management, operations, and maintenance of such systems.

The major end-users of power management system are:

  • Utilities
  • Data Centres
  • Oil and Gas
  • Marine
  • Others

The EMR report looks into the regional markets of power management system like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Use of Power Management System in the Oil and Gas Industry to Augment the Market Growth

The growing deployment of power management systems in the oil and gas industry is aiding the growth of the market. As uninterrupted power supply is crucial in the sector, power management systems are increasingly deployed to provide consistent power supply, which is augmenting the market growth. In addition, power management systems prevent outages, reduce operating costs, and maximise safety while bolstering energy-efficiency, which is fuelling the growth of the market. With the growing focus on sustainability in the oil and gas industry, power management systems are extensively deployed, thereby augmenting the growth of the market.

The integration of the latest technologies like artificial intelligence (AI) in power management systems to efficiently monitor power consumption is invigorating the market growth. Such systems can track the consumption pattern of energy to place in power consumption mode, hence bolstering the energy-efficiency. As AI-enabled power management systems are autonomous, they eliminate the use of additional servers to enhance cost-efficiency. Moreover, automated maintenance and operations offered by such systems are expected to surge their use, which is predicted to significantly contribute to the market growth in the forecast period.

 

Key Industry Players in the Global Power Management System Market

The report presents a detailed analysis of the following key players in the global power management system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd
  • ComAp A.S.
  • RH Marine Netherlands BV
  • Wärtsilä Corporation
  • Marine Control Service AS
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Power Management System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Power Management System Historical Market (2017-2021) 
    8.3    Global Power Management System Market Forecast (2022-2027)
    8.4    Global Power Management System Market by End-User
        8.4.1    Utilities
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Data Centres
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Oil and Gas
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Marine
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Power Management System Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ABB Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    ComAp A.S.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    RH Marine Netherlands BV
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Wärtsilä Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Marine Control Service AS
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    Global Power Management System Market: Key Industry Highlights, 2017 and 2027
2.    Global Power Management System Historical Market: Breakup by End-User (USD Million), 2017-2021
3.    Global Power Management System Market Forecast: Breakup by End-User (USD Million), 2022-2027
4.    Global Power Management System Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Power Management System Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Power Management System Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Power Management System Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Power Management System Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Power Management System Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Power Management System Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Power Management System Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Power Management System Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Power Management System Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Power Management System Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Power Management System Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Global Power Management System Market Structure

Key Questions Answered in the Report

In 2021, the global power management system market attained a value of nearly USD 2.3 billion.

The market is projected to grow at a CAGR of 7.06% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 3.5 billion by 2027.

The market is being aided by the growing demand for power management systems in the marine industry and the rising deployment of automatic power management systems.

The industry is expected to be driven by the growing use of power management systems in the oil and gas industry, the integration of artificial intelligence in power management systems, and the rising focus on sustainability.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major end-users of power management system in the industry are utilities, data centres, oil and gas, and marine, among others.

The major players in the industry are ABB Ltd, ComAp A.S., RH Marine Netherlands BV, Wärtsilä Corporation, and Marine Control Service AS, among others.

Analyst Review

The global power management system market attained a value of nearly USD 2.3 billion in 2021, driven by the growing demand for power management systems in the marine industry. Aided by the rising use of power management systems in the oil and gas industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.06%. The market is projected to reach about USD 3.5 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its end-users, the power management system industry can be segmented into utilities, data centres, oil and gas, and marine, among others. The major regional markets for power management system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd, ComAp A.S., RH Marine Netherlands BV, Wärtsilä Corporation, and Marine Control Service AS, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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