PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1397210
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1397210
Circuit Monitoring Market Size and Share Analysis by Type (Modular Circuit, Branch Circuit & Multi-Circuit), End User (Residential, Commercial, Industrial)- Global Industry Demand Forecast to 2030
The circuit monitoring market was USD 702.5 million in 2023, which will power at a rate of 4.5%, to touch USD 949.1 million by 2030.
The industry growth has a lot to do with the increasing requirement for data centers and the robust concern with regards to power steadiness and personnel safety. Circuit monitoring is vital to guarantee the effective and safe process of electrical circuits in more than a few industries, as well as data centers, manufacturing, and utilities.
On the basis of type, the modular circuit category had the larger share, of over 65%, and it will further uphold its ascendency in the years to come. This would be because of the advantages, while monitoring modular circuits, for example basic installation and easier connectivity, while offering a prompt access to data in an accessible format.
Furthermore, these monitoring systems can sense voltages, and they can make use of a tailored voltage field detection system to regulate the status of the circuit breakers even in the absence of load. It supports in positioning failed circuits that conservative monitoring systems could have missed.
The branch & multi-circuit category will grow faster in the years to come. This is because of the tech augmentations and the compensations provided by these circuits, as well as a compact size, which allows space-saving over further monitoring systems. These circuits are widely put to use as the manufacturing facilities, data centers, and residential and commercial spaces because of their multi-point application.
Furthermore, branch circuits are perfect for high-density uses, while multi-circuit submeters can monitor numerous single-phase or three phase circuits instantaneously.
North America dominated the circuit monitoring market, of about 55%, in 2023, and it will grow at a robust rate in the years to come. This is due to the fact that the region is observing a considerable development of numerous data centers, which provides lucrative prospects to novel and current circuit monitoring players to have a larger consumer base.
For example, NTT DATA Corporation is planning to have a novel data center campus with 336 MW in Northern Virginia.
Furthermore, the existence of robust commercial, residential, and industrial infra, which is continually being upgraded, and numerous key players powers the industry. The mounting strictness of the guidelines in the region for the decrease of carbon emissions is forcing corporations across businesses to employ circuit monitoring systems.
It is because of the rising demand for data centers all over the world, the demand for circuit monitoring systems is on the rise. This trend will continue in the years to come as well.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by end user
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2017-2030)
- 6.3. Market Revenue, by End User (2017-2030)
- 6.4. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2017-2030)
- 7.3. Market Revenue, by End User (2017-2030)
- 7.4. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2017-2030)
- 8.3. Market Revenue, by End User (2017-2030)
- 8.4. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2017-2030)
- 9.3. Market Revenue, by End User (2017-2030)
- 9.4. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2017-2030)
- 10.3. Market Revenue, by End User (2017-2030)
- 10.4. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2017-2030)
- 11.3. Market Revenue, by End User (2017-2030)
- 11.4. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2017-2030)
- 12.3. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2017-2030)
- 13.3. Market Revenue, by End User (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2017-2030)
- 14.3. Market Revenue, by End User (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2017-2030)
- 15.3. Market Revenue, by End User (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2017-2030)
- 16.3. Market Revenue, by End User (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2017-2030)
- 17.3. Market Revenue, by End User (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2017-2030)
- 18.3. Market Revenue, by End User (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2017-2030)
- 19.3. Market Revenue, by End User (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2017-2030)
- 20.3. Market Revenue, by End User (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2017-2030)
- 21.3. Market Revenue, by End User (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2017-2030)
- 22.3. Market Revenue, by End User (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2017-2030)
- 23.3. Market Revenue, by End User (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2017-2030)
- 24.3. Market Revenue, by End User (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2017-2030)
- 25.3. Market Revenue, by End User (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2017-2030)
- 26.3. Market Revenue, by End User (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2017-2030)
- 27.3. Market Revenue, by End User (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2017-2030)
- 28.3. Market Revenue, by End User (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. ABB Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Schneider Electric SE
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Eaton Corporation plc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Toshiba International Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Accuenergy Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.6. CircuitMeter Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.7. Dakota Computer Solutions SL
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.8. OMRON Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Elmeasure
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.10. Legrand
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Anord Mardix
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.12. Packet Power LLC
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.13. Senva Inc.
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.14. CET Inc.
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.15. MPL Technology Group Limited
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
