Global Power Monitoring Market to Reach $3.6 Billion by 2026
SAN FRANCISCO, March 21, 2022 /PRNewswire/ --A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Power Monitoring - Global Market Trajectory & Analytics" .
- SAN FRANCISCO, March 21, 2022 /PRNewswire/ --A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Power Monitoring - Global Market Trajectory & Analytics" .
- Comprising a network of meters connected to a power system in a site, power monitoring system typically aids enterprises in improving the power quality, increasing the facility uptime, generating faster response to power related issues, and in verifying the reliable power equipment operation.
- In industries facing power quality issues, power monitoring systems enable automatic retrieval and analysis of power quality events.
- Amid the COVID-19 crisis, the global market for Power Monitoring estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$3.6 Billion by 2026, growing at a CAGR of 4.4% over the analysis period.