TechSci Press Release

Global Power Management System Market is expected to reach USD6,113.60 million, growing at a CAGR of 9.08% from 2020-2025. Growth in Global Power Management System Market can be attributed to the rise in demand of electricity across all industries and stringent government regulations regarding energy-efficient usage of power. The power management system decreases production interruptions by offering a constant power supply and escalates the reliability of the power supply system. Additionally, the renewal and replacement of the current gird requires safe and secure operations, which in turn, will boost the market of Global Power Management System. Global Power Management System Market can be segmented based on type, module, end-use and region. Based on module, the global power management system market can be categorized into power monitoring & control, switching & safety management, data historian, power simulator, generator controls, load shedding and management, energy cost ...

Saudi Arabia Power Management System Market is expected to grow at a robust CAGR over the next five years. The major factors contributing in the growth of the Power management system market are upgradation of existing software and growth in the manufacturing sector. Based on type segment, the market is segmented into Hardware, Software and Services. The Software segment holds the largest market share in Saudi Arabia Power Management System market due to the rising adoption of cloud based applications and IoT. Moreover, increasing shipbuilding industry in Saudi Arabia expected to boost the market for the end-user segment during the forecast period. Some of the leading players in the Saudi Arabia Power Management System market are Honeywell, Mitsubishi Electric, Brush, Rockwell Automation, Siemens, GE, Schneider Electric etc. Objective of the Study: ·         To analyse and forecast the market size of Saudi Arabia Power Management System...