Industrial Power Monitoring Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component, By Application, By Region & Competition, 2021-2031F

Description

The Global Industrial Power Monitoring Market will grow from USD 7.65 Billion in 2025 to USD 10.91 Billion by 2031 at a 6.09% CAGR. The Global Industrial Power Monitoring Market comprises systems designed to continuously track and analyze electrical parameters within manufacturing facilities, ensuring energy efficiency and equipment reliability.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 7.65 Billion
Market Size 2031	USD 10.91 Billion
CAGR 2026-2031	6.09%
Fastest Growing Segment	Hardware
Largest Market	North America

Key Market Drivers

The rapid expansion of data centers and critical power infrastructure serves as a primary catalyst for the adoption of industrial power monitoring systems. As facilities scale to accommodate high-density computing and artificial intelligence workloads, the requirement for granular visibility into power distribution becomes critical to prevent outages and optimize load balancing. This surge necessitates capable monitoring tools to handle the unprecedented energy loads.

Key Market Challenges

The high capital expense and technical complexity associated with retrofitting legacy infrastructure constitute a formidable barrier to the growth of the Global Industrial Power Monitoring Market. Integrating modern digital monitoring solutions into aging, analog machinery often requires extensive engineering customization and significant operational downtime, resulting in prohibitive upfront costs. These financial and technical hurdles deter facility operators from updating older systems, effectively stalling the adoption of power monitoring solutions in established brownfield sites.

Key Market Trends

The Integration of Artificial Intelligence and Machine Learning for Predictive Analytics is fundamentally shifting industrial power monitoring from passive data logging to an active intelligence layer capable of enhancing grid security. Unlike traditional systems that merely record consumption, these advanced AI-driven architectures identify complex volatility patterns and optimize energy security in real-time, addressing the intricate challenges of modern power infrastructure. This capability is becoming indispensable for facility operators who require robust, automated frameworks to manage the resilience of their energy networks against external disruptions.

Key Market Players

Schneider Electric SE
Eaton Corporation plc
Siemens AG
General Electric Company
ABB Ltd
Honeywell International Inc.
Rockwell Automation Inc
Emerson Electric Co.
Yokogawa Electric
Mitsubishi Electric Corporation

Report Scope:

In this report, the Global Industrial Power Monitoring Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Industrial Power Monitoring Market, By Component:

Hardware
Software
Services

Industrial Power Monitoring Market, By Application:

Utilities & Renewables
Manufacturing & Process Industry
Datacenters
Public Infrastructure
Others

Industrial Power Monitoring Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Industrial Power Monitoring Market.

Available Customizations:

Global Industrial Power Monitoring Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Industrial Power Monitoring Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Hardware, Software, Services)
- 5.2.2. By Application (Utilities & Renewables, Manufacturing & Process Industry, Datacenters, Public Infrastructure, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2025)
5.3. Market Map

6. North America Industrial Power Monitoring Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Application
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Industrial Power Monitoring Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Application
- 6.3.2. Canada Industrial Power Monitoring Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Application
- 6.3.3. Mexico Industrial Power Monitoring Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Application

7. Europe Industrial Power Monitoring Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Application
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Industrial Power Monitoring Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Application
- 7.3.2. France Industrial Power Monitoring Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Application
- 7.3.3. United Kingdom Industrial Power Monitoring Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Application
- 7.3.4. Italy Industrial Power Monitoring Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Application
- 7.3.5. Spain Industrial Power Monitoring Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Application

8. Asia Pacific Industrial Power Monitoring Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Application
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Industrial Power Monitoring Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Application
- 8.3.2. India Industrial Power Monitoring Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Application
- 8.3.3. Japan Industrial Power Monitoring Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Application
- 8.3.4. South Korea Industrial Power Monitoring Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Application
- 8.3.5. Australia Industrial Power Monitoring Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Application

9. Middle East & Africa Industrial Power Monitoring Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Application
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Industrial Power Monitoring Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Application
- 9.3.2. UAE Industrial Power Monitoring Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Application
- 9.3.3. South Africa Industrial Power Monitoring Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Application

10. South America Industrial Power Monitoring Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Application
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Industrial Power Monitoring Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Application
- 10.3.2. Colombia Industrial Power Monitoring Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Application
- 10.3.3. Argentina Industrial Power Monitoring Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Industrial Power Monitoring Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Schneider Electric SE
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Eaton Corporation plc
15.3. Siemens AG
15.4. General Electric Company
15.5. ABB Ltd
15.6. Honeywell International Inc.
15.7. Rockwell Automation Inc
15.8. Emerson Electric Co.
15.9. Yokogawa Electric
15.10. Mitsubishi Electric Corporation