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Global Power Management System Market Size, Share, Forecast: By End-User: Utilities, Data Centres, Oil and Gas, Marine, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Power Management System Market Outlook
The global power management system market attained a value of about USD 2.64 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.2% to reach nearly USD 4.92 billion by 2032.
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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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End-User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 (2018-2023)
8.3 Global Power Management System Market Forecast (2024-2032)
8.4 Global Power Management System Market by End-User
8.4.1 Utilities
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Data Centres
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Oil and Gas
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Marine
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Power Management System Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Power Management System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Power Management System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Power Management System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Power Management System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Power Management System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Power Management System Historical Market: Breakup by End-User (USD Million), 2018-2023
3. Global Power Management System Market Forecast: Breakup by End-User (USD Million), 2024-2032
4. Global Power Management System Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Power Management System Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Power Management System Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Power Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Power Management System Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Power Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Power Management System Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Power Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Power Management System Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Power Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Power Management System Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Power Management System Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Power Management System Market Structure
Key Questions Answered in the Report
In 2023, the global power management system market attained a value of nearly USD 2.64 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 4.92 billion by 2032.
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 2.64 billion in 2023, 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 2024-2032, growing at a CAGR of 7.2%. The market is projected to reach about USD 4.92 billion by 2032.
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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