The Latin America, Middle East and Africa Power Management System Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030).
Power management systems boost energy efficiency while boosting safety, lowering operational costs, and preventing outages, driving the market's expansion. These systems are widely used in the oil & gas industry due to the increased emphasis on sustainability, boosting market growth.
The market expansion is being stimulated by the incorporation of cutting-edge technologies like artificial intelligence (AI) in power management systems to effectively monitor power consumption. These systems may monitor energy usage patterns and switch to power consumption mode, improving energy efficiency. Power management systems with AI capabilities do not require additional servers because they are self-sufficient, which increases cost-effectiveness.
Furthermore, adopting such systems is anticipated to increase the automated maintenance and operations they provide, which is expected to contribute considerably to the market growth throughout the forecast period. The market has begun to see a major increase in the usage of renewable energy. Due to the growing smart grid infrastructure, power management systems now have more options, which enables two-way communication between utilities and customers.
International Trade Administration (ITA) reports that ADNOC (Abu Dhabi National Oil Company), the leading oil and gas company in the UAE, aims to invest $150 billion over the next five years (2023–2027) to increase oil production capacity to five million barrels per day to fulfil rising energy demand. The technology aims to reduce energy consumption in various processes in the refinery, for instance, turning down a boiler that performs repetitive tasks until they are required. Consequently, the expansion of the oil and gas sector in this region will fuel the growth of the market for power management systems.
The Brazil market dominated the LAMEA Power Management System Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $156.3 million by 2030. The Argentina market is estimated to grow at a CAGR of 8.4% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 7.6% during (2023 - 2030).
Based on Module, the market is segmented into Power Monitoring & Control, Generator Controls, Load Shedding & Management, Switching & Safety Management, Power Simulator, Energy Cost Accounting and Data Historian & Others. Based on Type, the market is segmented into Software, Hardware and Services. Based on Industry, the market is segmented into Oil & Gas, Marine, Metal & Mining, Chemical & Petrochemical, Paper & Pulp, Utilities, Data Center and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Power Management System Market is Projected to reach USD 8.1 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include ABB Group, General Electric Company, Siemens AG, Eaton Corporation PLC, Schneider Electric SE, Emerson Electric Co., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Honeywell International, Inc., and Fuji Electric Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Module
- Power Monitoring & Control
- Generator Controls
- Load Shedding & Management
- Switching & Safety Management
- Power Simulator
- Energy Cost Accounting
- Data Historian & Others
By Type
- Software
- Hardware
- Services
By Industry
- Oil & Gas
- Marine
- Metal & Mining
- Chemical & Petrochemical
- Paper & Pulp
- Utilities
- Data Center
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- General Electric Company
- Siemens AG
- Eaton Corporation PLC
- Schneider Electric SE
- Emerson Electric Co.
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Honeywell International, Inc.
- Fuji Electric Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Power Management System Market, by Module
1.4.2 LAMEA Power Management System Market, by Type
1.4.3 LAMEA Power Management System Market, by Industry
1.4.4 LAMEA Power Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Mergers & Acquisition: 2020, Feb – 2022, Dec) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. LAMEA Power Management System Market by Module
5.1 LAMEA Power Monitoring & Control Market by Country
5.2 LAMEA Generator Controls Market by Country
5.3 LAMEA Load Shedding & Management Market by Country
5.4 LAMEA Switching & Safety Management Market by Country
5.5 LAMEA Power Simulator Market by Country
5.6 LAMEA Energy Cost Accounting Market by Country
5.7 LAMEA Data Historian & Others Market by Country
Chapter 6. LAMEA Power Management System Market by Type
6.1 LAMEA Software Market by Country
6.2 LAMEA Hardware Market by Country
6.3 LAMEA Services Market by Country
Chapter 7. LAMEA Power Management System Market by Industry
7.1 LAMEA Oil & Gas Market by Country
7.2 LAMEA Marine Market by Country
7.3 LAMEA Metal & Mining Market by Country
7.4 LAMEA Chemical & Petrochemical Market by Country
7.5 LAMEA Paper & Pulp Market by Country
7.6 LAMEA Utilities Market by Country
7.7 LAMEA Data Center Market by Country
7.8 LAMEA Others Market by Country
Chapter 8. LAMEA Power Management System Market by Country
8.1 Brazil Power Management System Market
8.1.1 Brazil Power Management System Market by Module
8.1.2 Brazil Power Management System Market by Type
8.1.3 Brazil Power Management System Market by Industry
8.2 Argentina Power Management System Market
8.2.1 Argentina Power Management System Market by Module
8.2.2 Argentina Power Management System Market by Type
8.2.3 Argentina Power Management System Market by Industry
8.3 UAE Power Management System Market
8.3.1 UAE Power Management System Market by Module
8.3.2 UAE Power Management System Market by Type
8.3.3 UAE Power Management System Market by Industry
8.4 Saudi Arabia Power Management System Market
8.4.1 Saudi Arabia Power Management System Market by Module
8.4.2 Saudi Arabia Power Management System Market by Type
8.4.3 Saudi Arabia Power Management System Market by Industry
8.5 South Africa Power Management System Market
8.5.1 South Africa Power Management System Market by Module
8.5.2 South Africa Power Management System Market by Type
8.5.3 South Africa Power Management System Market by Industry
8.6 Nigeria Power Management System Market
8.6.1 Nigeria Power Management System Market by Module
8.6.2 Nigeria Power Management System Market by Type
8.6.3 Nigeria Power Management System Market by Industry
8.7 Rest of LAMEA Power Management System Market
8.7.1 Rest of LAMEA Power Management System Market by Module
8.7.2 Rest of LAMEA Power Management System Market by Type
8.7.3 Rest of LAMEA Power Management System Market by Industry
Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Partnerships, Collaborations, and Agreements:
9.1.5.3 Acquisition and Mergers:
9.1.5.4 Geographical Expansions:
9.1.6 SWOT Analysis
9.2 General Electric Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Siemens AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Eaton Corporation PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Schneider Electric SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.5.3 Geographical Expansions:
9.5.6 SWOT Analysis
9.6 Emerson Electric Co.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Mitsubishi Electric Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Rockwell Automation, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Honeywell International, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Fuji Electric Co. Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
TABLE 1 LAMEA Power Management System Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Power Management System Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Power Management System Market
TABLE 4 Product Launches And Product Expansions– Power Management System Market
TABLE 5 Acquisition and Mergers– Power Management System Market
TABLE 6 Geographical Expansions– Power Management System Market
TABLE 7 LAMEA Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 8 LAMEA Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 9 LAMEA Power Monitoring & Control Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Power Monitoring & Control Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Generator Controls Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Generator Controls Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Load Shedding & Management Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Load Shedding & Management Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Switching & Safety Management Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Switching & Safety Management Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Power Simulator Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Power Simulator Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Energy Cost Accounting Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Energy Cost Accounting Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Data Historian & Others Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Data Historian & Others Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 24 LAMEA Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 25 LAMEA Software Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Software Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Hardware Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Hardware Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Services Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 32 LAMEA Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 33 LAMEA Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Marine Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Marine Market by Country, 2023 - 2030, USD Million
TABLE 37 LAMEA Metal & Mining Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Metal & Mining Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Chemical & Petrochemical Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Chemical & Petrochemical Market by Country, 2023 - 2030, USD Million
TABLE 41 LAMEA Paper & Pulp Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Paper & Pulp Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Utilities Market by Country, 2019 - 2022, USD Million
TABLE 44 LAMEA Utilities Market by Country, 2023 - 2030, USD Million
TABLE 45 LAMEA Data Center Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Data Center Market by Country, 2023 - 2030, USD Million
TABLE 47 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 48 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 49 LAMEA Power Management System Market by Country, 2019 - 2022, USD Million
TABLE 50 LAMEA Power Management System Market by Country, 2023 - 2030, USD Million
TABLE 51 Brazil Power Management System Market, 2019 - 2022, USD Million
TABLE 52 Brazil Power Management System Market, 2023 - 2030, USD Million
TABLE 53 Brazil Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 54 Brazil Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 55 Brazil Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 56 Brazil Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 57 Brazil Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 58 Brazil Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 59 Argentina Power Management System Market, 2019 - 2022, USD Million
TABLE 60 Argentina Power Management System Market, 2023 - 2030, USD Million
TABLE 61 Argentina Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 62 Argentina Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 63 Argentina Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 64 Argentina Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 65 Argentina Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 66 Argentina Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 67 UAE Power Management System Market, 2019 - 2022, USD Million
TABLE 68 UAE Power Management System Market, 2023 - 2030, USD Million
TABLE 69 UAE Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 70 UAE Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 71 UAE Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 72 UAE Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 73 UAE Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 74 UAE Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 75 Saudi Arabia Power Management System Market, 2019 - 2022, USD Million
TABLE 76 Saudi Arabia Power Management System Market, 2023 - 2030, USD Million
TABLE 77 Saudi Arabia Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 78 Saudi Arabia Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 79 Saudi Arabia Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 80 Saudi Arabia Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 81 Saudi Arabia Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 82 Saudi Arabia Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 83 South Africa Power Management System Market, 2019 - 2022, USD Million
TABLE 84 South Africa Power Management System Market, 2023 - 2030, USD Million
TABLE 85 South Africa Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 86 South Africa Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 87 South Africa Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 88 South Africa Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 89 South Africa Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 90 South Africa Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 91 Nigeria Power Management System Market, 2019 - 2022, USD Million
TABLE 92 Nigeria Power Management System Market, 2023 - 2030, USD Million
TABLE 93 Nigeria Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 94 Nigeria Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 95 Nigeria Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 96 Nigeria Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 97 Nigeria Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 98 Nigeria Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 99 Rest of LAMEA Power Management System Market, 2019 - 2022, USD Million
TABLE 100 Rest of LAMEA Power Management System Market, 2023 - 2030, USD Million
TABLE 101 Rest of LAMEA Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 103 Rest of LAMEA Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 104 Rest of LAMEA Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 105 Rest of LAMEA Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 106 Rest of LAMEA Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 107 Key Information – ABB Group
TABLE 108 Key Information – General Electric Company
TABLE 109 Key Information – Siemens AG
TABLE 110 key information – Eaton Corporation PLC
TABLE 111 Key information – Schneider Electric SE
TABLE 112 Key Information – Emerson Electric Co.
TABLE 113 key Information – Mitsubishi Electric Corporation
TABLE 114 Key Information – Rockwell Automation, Inc.
TABLE 115 Key Information – Honeywell International, Inc.
TABLE 116 Key Information – Fuji Electric Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Power Management System Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Power Management System Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Mergers & Acquisition: 2020, Feb – 2022, Dec) Leading Players
FIG 8 Porter’s Five Forces Analysis - Power Management System Market
FIG 9 LAMEA Power Management System Market share by Module, 2022
FIG 10 LAMEA Power Management System Market share by Module, 2030
FIG 11 LAMEA Power Management System Market by Module, 2019 - 2030, USD Million
FIG 12 LAMEA Power Management System Market share by Type, 2022
FIG 13 LAMEA Power Management System Market share by Type, 2030
FIG 14 LAMEA Power Management System Market by Type, 2019 - 2030, USD Million
FIG 15 LAMEA Power Management System Market share by Industry, 2022
FIG 16 LAMEA Power Management System Market share by Industry, 2030
FIG 17 LAMEA Power Management System Market by Industry, 2019 - 2030, USD Million
FIG 18 LAMEA Power Management System Market share by Country, 2022
FIG 19 LAMEA Power Management System Market share by Country, 2030
FIG 20 LAMEA Power Management System Market by Country, 2019 - 2030, USD Million
FIG 21 Recent strategies and developments: ABB Group
FIG 22 SWOT Analysis: ABB Group
FIG 23 Recent strategies and developments: General Electric Company
FIG 24 SWOT Analysis: General electric (GE) Co.
FIG 25 Recent strategies and developments: Siemens AG
FIG 26 SWOT Analysis: Siemens AG
FIG 27 Recent strategies and developments: Eaton Corporation PLC
FIG 28 SWOT Analysis: Eaton Corporation PLC
FIG 29 Recent strategies and developments: Schneider Electric SE
FIG 30 SWOT Analysis: Schneider Electric SE
FIG 31 Recent strategies and developments: Emerson Electric Co.
FIG 32 Swot analysis: Emerson Electric CO.
FIG 33 SWOT Analysis: Mitsubishi Electric Corporation
FIG 34 Recent strategies and developments: Rockwell Automation, Inc.
FIG 35 SWOT Analysis: Rockwell Automation, Inc.
FIG 36 Recent strategies and developments: Honeywell International, Inc.
FIG 37 Swot analysis: Honeywell international, inc.
FIG 38 SWOT Analysis: Fuji Electric Co., Ltd.