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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 (2018-2028); 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 2023-2028 at a CAGR of 7.06% to reach nearly USD 3.5 billion by 2027.

 

Global Power Management System Market

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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: Market 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.

 

Global Power Management System Market by Segment

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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.

 

Global Power Management System Market by Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End-User, Region
Breakup by End-User Utilities, Data Centres, Oil and Gas, Marine, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd, ComAp A.S., RH Marine Netherlands BV, Wärtsilä Corporation, Marine Control Service AS, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Power Management System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Power Management System Historical Market (2018-2022) 
    8.3    Global Power Management System Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Data Centres
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Oil and Gas
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Marine
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others    
    8.5    Global Power Management System Market by Region
        8.5.1    North America
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022) 
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022) 
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022) 
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022) 
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022) 
            8.5.5.3    Forecast Trend (2023-2028)
9    North America Power Management System Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Power Management System Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Power Management System Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Power Management System Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Power Management System Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     ABB Ltd
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    ComAp A.S.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    RH Marine Netherlands BV
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Wärtsilä Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Marine Control Service AS 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

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 Key Figures and Tables

1.    Global Power Management System Market: Key Industry Highlights, 2018 and 2028
2.    Global Power Management System Historical Market: Breakup by End-User (USD Million), 2018-2022
3.    Global Power Management System Market Forecast: Breakup by End-User (USD Million), 2023-2028
4.    Global Power Management System Historical Market: Breakup by Region (USD Million), 2018-2022
5.    Global Power Management System Market Forecast: Breakup by Region (USD Million), 2023-2028
6.    North America Power Management System Historical Market: Breakup by Country (USD Million), 2018-2022
7.    North America Power Management System Market Forecast: Breakup by Country (USD Million), 2023-2028
8.    Europe Power Management System Historical Market: Breakup by Country (USD Million), 2018-2022
9.    Europe Power Management System Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Asia Pacific Power Management System Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Asia Pacific Power Management System Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Latin America Power Management System Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Latin America Power Management System Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Middle East and Africa Power Management System Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Middle East and Africa Power Management System Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028, 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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