The North America Power Management System Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).
A power management system (PMS) is a collection of hardware and software elements created to optimize and regulate the electrical power distributed and consumed inside a certain system or facility. In contemporary power systems, ensuring effective energy usage, minimizing waste, and improving overall system reliability and stability is essential. The demand for these systems is driven by increased IoT and cloud platform usage and a rising industrial sector need for energy efficiency.
Several industries use the power management system, including power production, oil & gas, chemicals, and pharmaceuticals. Consequently, PMS have become crucial to the energy industry. The majority of emerging nations are concentrating on growing their energy industries. Rapid industrialization and urbanization are the main reasons propelling the market.
Additionally, the market is being driven by the rapid expansion of data centers, IT hubs, and commercial sectors, such as malls, hospitals, and industrial sectors. For example, mariners increasingly use these systems to increase energy efficiency because power conservation is one of the most important board functions. The market is expanding significantly due to incorporating a human-machine interface (HMI) that enables users to interact with generators while providing an overview of the entire power management system.
The U.S. electric grid, which has more than 9,200 electric generating units with a combined producing capacity of more than 1 million megawatts and more than 600,000 miles of transmission lines, is an engineering marvel. These systems are essential for optimizing energy generation, storage, and distribution in these microgrid systems. They ensure a reliable power supply while minimizing fuel consumption and emissions. Therefore, government initiatives and modernizations have consequently fueled the development of the market in this region.
The US market dominated the North America Power Management System Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.0 billion by 2030. The Canada market is estimated to witness a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 5.9% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Power Management System Market, by Module
1.4.2 North America Power Management System Market, by Type
1.4.3 North America Power Management System Market, by Industry
1.4.4 North America 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. North America Power Management System Market by Module
5.1 North America Power Monitoring & Control Market by Country
5.2 North America Generator Controls Market by Country
5.3 North America Load Shedding & Management Market by Country
5.4 North America Switching & Safety Management Market by Country
5.5 North America Power Simulator Market by Country
5.6 North America Energy Cost Accounting Market by Country
5.7 North America Data Historian & Others Market by Country
Chapter 6. North America Power Management System Market by Type
6.1 North America Software Market by Country
6.2 North America Hardware Market by Country
6.3 North America Services Market by Country
Chapter 7. North America Power Management System Market by Industry
7.1 North America Oil & Gas Market by Country
7.2 North America Marine Market by Country
7.3 North America Metal & Mining Market by Country
7.4 North America Chemical & Petrochemical Market by Country
7.5 North America Paper & Pulp Market by Country
7.6 North America Utilities Market by Country
7.7 North America Data Center Market by Country
7.8 North America Others Market by Country
Chapter 8. North America Power Management System Market by Country
8.1 US Power Management System Market
8.1.1 US Power Management System Market by Module
8.1.2 US Power Management System Market by Type
8.1.3 US Power Management System Market by Industry
8.2 Canada Power Management System Market
8.2.1 Canada Power Management System Market by Module
8.2.2 Canada Power Management System Market by Type
8.2.3 Canada Power Management System Market by Industry
8.3 Mexico Power Management System Market
8.3.1 Mexico Power Management System Market by Module
8.3.2 Mexico Power Management System Market by Type
8.3.3 Mexico Power Management System Market by Industry
8.4 Rest of North America Power Management System Market
8.4.1 Rest of North America Power Management System Market by Module
8.4.2 Rest of North America Power Management System Market by Type
8.4.3 Rest of North America 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 North America Power Management System Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 8 North America Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 9 North America Power Monitoring & Control Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Power Monitoring & Control Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Generator Controls Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Generator Controls Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Load Shedding & Management Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Load Shedding & Management Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Switching & Safety Management Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Switching & Safety Management Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Power Simulator Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Power Simulator Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Energy Cost Accounting Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Energy Cost Accounting Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Data Historian & Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Data Historian & Others Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 24 North America Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 25 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 32 North America Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 33 North America Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Marine Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Marine Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Metal & Mining Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Metal & Mining Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Chemical & Petrochemical Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Chemical & Petrochemical Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Paper & Pulp Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Paper & Pulp Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Utilities Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Utilities Market by Country, 2023 - 2030, USD Million
TABLE 45 North America Data Center Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Data Center Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 48 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 49 North America Power Management System Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Power Management System Market by Country, 2023 - 2030, USD Million
TABLE 51 US Power Management System Market, 2019 - 2022, USD Million
TABLE 52 US Power Management System Market, 2023 - 2030, USD Million
TABLE 53 US Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 54 US Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 55 US Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 56 US Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 57 US Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 58 US Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 59 Canada Power Management System Market, 2019 - 2022, USD Million
TABLE 60 Canada Power Management System Market, 2023 - 2030, USD Million
TABLE 61 Canada Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 62 Canada Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 63 Canada Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 64 Canada Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 65 Canada Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 66 Canada Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 67 Mexico Power Management System Market, 2019 - 2022, USD Million
TABLE 68 Mexico Power Management System Market, 2023 - 2030, USD Million
TABLE 69 Mexico Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 70 Mexico Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 71 Mexico Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 72 Mexico Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 73 Mexico Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 74 Mexico Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 75 Rest of North America Power Management System Market, 2019 - 2022, USD Million
TABLE 76 Rest of North America Power Management System Market, 2023 - 2030, USD Million
TABLE 77 Rest of North America Power Management System Market by Module, 2019 - 2022, USD Million
TABLE 78 Rest of North America Power Management System Market by Module, 2023 - 2030, USD Million
TABLE 79 Rest of North America Power Management System Market by Type, 2019 - 2022, USD Million
TABLE 80 Rest of North America Power Management System Market by Type, 2023 - 2030, USD Million
TABLE 81 Rest of North America Power Management System Market by Industry, 2019 - 2022, USD Million
TABLE 82 Rest of North America Power Management System Market by Industry, 2023 - 2030, USD Million
TABLE 83 Key Information – ABB Group
TABLE 84 Key Information – General Electric Company
TABLE 85 Key Information – Siemens AG
TABLE 86 key information – Eaton Corporation PLC
TABLE 87 Key information – Schneider Electric SE
TABLE 88 Key Information – Emerson Electric Co.
TABLE 89 key Information – Mitsubishi Electric Corporation
TABLE 90 Key Information – Rockwell Automation, Inc.
TABLE 91 Key Information – Honeywell International, Inc.
TABLE 92 Key Information – Fuji Electric Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Power Management System Market share by Module, 2022
FIG 10 North America Power Management System Market share by Module, 2030
FIG 11 North America Power Management System Market by Module, 2019 - 2030, USD Million
FIG 12 North America Power Management System Market share by Type, 2022
FIG 13 North America Power Management System Market share by Type, 2030
FIG 14 North America Power Management System Market by Type, 2019 - 2030, USD Million
FIG 15 North America Power Management System Market share by Industry, 2022
FIG 16 North America Power Management System Market share by Industry, 2030
FIG 17 North America Power Management System Market by Industry, 2019 - 2030, USD Million
FIG 18 North America Power Management System Market share by Country, 2022
FIG 19 North America Power Management System Market share by Country, 2030
FIG 20 North America 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.