Discover Top 10 Companies in Power Monitoring Market: Global Share, Market Size, Revenue Report (2024–2035)
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Power Monitoring Market Size is projected to Grow from USD 5.15 Billion in 2024 to USD 10.35 Billion by 2035, at a CAGR of 6.55% during the forecast period 2025–2035. The demand for these monitoring services and solutions is being driven by a number of important factors, including rising energy costs, strict government regulations and sustainability initiatives, and a growing preference for renewable energy. The growing use of smart grids and IoT-enabled power monitoring systems is one of the key factors propelling this market.
Introduction
A network of meters with internet connections that provide real-time information on a facility's power system is called a power monitoring system. To identify possible issues with the electrical systems, the meters offer an online software system. In the residential, commercial, and industrial sectors, this electric system aids in effective energy management. Power monitoring systems analyse how much energy is used by any electric load carrier. They are electrical or power-driven devices. Usually, power meters or power monitoring systems are installed in homes or businesses to measure the amount of power used in alternating current settings. Smart meter technology is being adopted by many homes and businesses to record all aspects of data consumption. The intelligent device is a popular choice among end users because it can also be used to calculate other factors, such as which resource is in use.
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Power Monitoring Market Size & Statistics
- The Market Size for Power Monitoring Was Estimated to be worth USD 5.15 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 6.55% between 2025 and 2035.
- The Global Power Monitoring Market Size is anticipated to reach USD 10.35 Billion by 2035.
- North America is estimated to grow at the highest share during the forecast period in the power monitoring market.
- Europe is anticipated to grow the fastest during the forecast period in the power monitoring market.
Regional growth and demand
Europe is expected to grow at the fastest CAGR over the forecast period in the Power monitoring market. This is due to strict EU laws on carbon neutrality and energy efficiency. The European market is expanding as a result of the development of smart home and electric car technologies, with the help of lower operating costs and adherence to sustainability regulations. Further, key industries in the area are also implementing IoT-based energy management systems that demand sophisticated power monitoring systems and are being further fueled by investments in microgrids and smart grids.
North America is anticipated to generate the highest demand during the forecast period in the power monitoring market. The growing demand for energy efficiency, grid modernisation, and the incorporation of renewable energy sources are the reasons for this dominance. Power monitoring tools were required to prevent outages and optimise energy consumption due to the region's ageing power infrastructure and the emergence of smart grids. Advanced power monitoring systems were also adopted by utilities and industries as a result of stringent government regulations and sustainability objectives, such as lowering carbon emissions. Furthermore, the expansion of data centres, rising sales of electric vehicles (EVs), and regional industrial automation.
Top 10 trends in the Power Monitoring Market
- Smart Grid Integration
- IoT-Enabled Monitoring
- Data Centre Demand Surge
- Electric Vehicle (EV) Charging Infrastructure
- Renewable Energy Integration
- Software-Driven Analytics
- Cybersecurity in Energy Systems
- Decentralised Energy Systems
- Regulatory Compliance & ESG Reporting
- Modular & Scalable Solutions
1. Smart Grid Integration
Smart grids are increasingly incorporating power monitoring systems to improve outage detection, load balancing, and grid reliability.
2. IoT-Enabled Monitoring
IoT sensors and edge devices enable immediate data gathering and remote diagnostics, enhancing energy efficiency and predictive upkeep.
3. Data Centre Demand Surge
As hyperscale and colocation data centres grow worldwide, power monitoring solutions are essential for maintaining uptime, managing loads, and reporting on sustainability.
4. Electric Vehicle (EV) Charging Infrastructure
Monitoring power is crucial for overseeing load distribution, peak demand, and billing precision at an EV charging station.
5. Renewable Energy Integration
Solar, wind, and hybrid systems necessitate sophisticated monitoring to handle intermittency, grid integration, and performance enhancement.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the power monitoring market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Power Monitoring Market
- ABB
- Eaton
- Emerson Electric Co
- General Electric (GE)
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- MachineQ
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
1. ABB
Headquarters: Zürich, Switzerland
ABB offers cutting-edge power monitoring solutions that allow for real-time observation of energy use, power quality, and grid reliability throughout industrial, commercial, and utility industries. The firm’s offerings integrate IoT and AI technologies for predictive analysis, energy efficiency, and smart grid connectivity. ABB's offerings assist clients in enhancing energy efficiency, minimising interruptions, and adhering to regulatory requirements, facilitating the ongoing shift toward sustainable energy infrastructure. Having a significant footprint in North America, Europe, and Asia-Pacific, ABB is a vital contributor to the consistent expansion of the power monitoring sector.
2. Eaton
Headquarters: Dublin, Ireland
Eaton plays a crucial role in the worldwide power monitoring industry, providing sophisticated power management and monitoring solutions aimed at improving energy efficiency and system reliability for industrial, commercial, and data centre uses. Their EPMS software offers immediate insights into energy usage, power quality, and electrical system functionality, facilitating prompt identification and swift resolution of power problems. Eaton’s offerings blend effortlessly with operational technologies and IT frameworks, facilitating predictive analytics, automation, and improved energy management. Through continuous monitoring and control, Eaton aids in lowering operational expenses, reducing downtime, and promoting sustainability objectives in power-critical settings globally.
3. General Electric (GE)
Headquarters: Boston, United States
GE provides wide-area monitoring systems, phasor measurement units, and data concentrators aimed at delivering real-time visibility of the grid and early identification of power irregularities, aiding in the prevention of major outages. The Global Electricity Monitoring & Diagnostics (M&D) Centre utilises big data analytics and AI to enhance power plant efficiency, minimise downtime, and decrease maintenance expenses for utilities globally. GE’s comprehensive digital solutions facilitate grid modernisation, smart grid projects, and sustainable energy incorporation, establishing the company as a prominent leader in the changing power monitoring sector.
4. Honeywell International Inc.
Headquarters: North Carolina, United States
Honeywell International Inc. stands out as a leading supplier in the power monitoring sector, offering intelligent energy solutions that improve operational effectiveness, grid dependability, and sustainability for utility and industrial clients globally. Their portfolio features sophisticated energy meters, sensors, and cohesive software platforms such as Honeywell Forge and Experion, facilitating real-time monitoring, data analysis, and automated management of power systems. Honeywell’s offerings enhance essential infrastructure by optimising energy usage, boosting grid reliability, and enabling the incorporation of distributed energy sources. Honeywell utilises its global presence and knowledge in smart grid advancements to assist organisations in lowering expenses, enhancing resilience, and meeting sustainability objectives amid a growingly digital and intricate energy environment.
5. Rockwell Automation, Inc
Headquarters: Wisconsin, United States
Rockwell Automation is a major player in the power monitoring industry, delivering extensive solutions that emphasise real-time energy information, system dependability, and energy efficiency. Their range of products features sophisticated power monitoring meters, including the PowerMonitor 5000, which delivers comprehensive power quality information and facilitates energy management efforts via integrations with FactoryTalk software. These systems allow organisations to track electrical metrics, assess energy usage, and pinpoint chances for cost reduction and operational enhancements. Rockwell’s offerings are adaptable, personalised, and aimed at enhancing visibility into energy consumption throughout manufacturing facilities, utilities, and vital infrastructure, playing a crucial role in the efficiency and sustainability of global power systems.
Are you ready to discover more about the Power Monitoring market?
The report provides an in-depth analysis of the leading companies operating in the global power monitoring market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- ABB
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Eaton
- Emerson Electric Co
- General Electric (GE)
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- MachineQ
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Others.
Conclusion
The Worldwide Power Monitoring Market Size is anticipated to increase from USD 5.15 billion in 2024 to nearly USD 10.35 billion by 2035, growing at a CAGR of about 6.55%. The expansion is mainly fueled by rising energy expenses, regulatory demands for sustainability, and the implementation of smart grid and IoT-centred energy management systems. Regionally, North America will dominate demand owing to outdated infrastructure and regulatory measures, while Europe is set for the quickest growth because of stringent EU energy efficiency regulations and the emergence of smart city initiatives and EV infrastructure.
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