The global power monitoring market is undergoing a period of sustained growth, driven by the increasing demand for energy efficiency, grid modernization, and real-time asset performance tracking across industrial and utility sectors. As governments and enterprises strive to meet decarbonization targets and enhance operational resilience, the deployment of advanced power monitoring systems has...
The global power monitoring market, valued at USD 4.89 billion in 2024, is projected to grow at a compound annual growth rate (CAGR) of 6.28% from 2025 to 2034, driven by the urgent need for energy efficiency, grid modernization, and the integration of distributed energy resources (DERs). As electricity systems become more decentralized and digitized, the demand for real-time power quality...
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