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Power Monitoring Market, 2022DUBLIN, September 1, 2017 /PRNewswire/ -- The "Power Monitoring Market by Component, End-User and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.  The global power monitoring market is projected to grow at a CAGR of 5.76% from 2017 to 2022, to reach a market size of USD 4.57 Billion by 2022 This growth is attributed to the efficient utilization of power resources, increasing electricity prices, and maximizing reliability of electrical infrastructure. The increasing requirement of reliable power supply and replacement of existing infrastructure would also boost the demand for power monitoring systems. In this report, the power monitoring market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is projected to dominate the global power monitoring market by 2022, owing to smart grid investment and aging T&D infrastructure in the region. The market in Asia-Pacific is expected to grow at the highest CAGR from 2017 to 2022. This growth is attributed to growing industrialization and urbanization and rising renewable power generation capacity in the region. Countries, such as India, Japan, and China are driving the power monitoring market in the Asia-Pacific region. The infrastructural developments and investments in the water and wastewater industry in the Middle East & Africa are expected to drive the power monitoring market in the region. Key Topics Covered: 1 Introduction
For more information about this report visit https://www.researchandmarkets.com/research/k7vqlz/power_monitoring Media Contact: Research and Markets
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