United States Building Power Monitoring Solutions Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 3.9 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The US Building Power Monitoring Solutions Market has experienced a significant rise in demand due to industries' increasing need for energy efficiency and cost management. Building power monitoring solutions involve the use of advanced technology to track and optimize the energy consumption in buildings. This is crucial in reducing energy waste, lowering costs, and ensuring sustainability in operations across multiple sectors. As energy costs rise and sustainability becomes more of a priority, companies and industries are turning to these solutions to improve operational efficiency and regulatory compliance.
Industries such as commercial real estate, manufacturing, healthcare, and education are major players in the market. These sectors are adopting building power monitoring systems to track real-time energy usage, identify inefficiencies, and optimize power distribution. Additionally, these systems allow for predictive maintenance and real-time fault detection, making it easier for businesses to resolve issues before they escalate into costly repairs. Furthermore, the demand for data analytics in energy consumption continues to grow, as businesses seek to reduce their carbon footprint and improve sustainability. The role of IoT (Internet of Things) in these solutions is also prominent, providing greater connectivity and control over energy usage.
With the growing emphasis on green buildings and energy-efficient infrastructure, building power monitoring solutions have become indispensable. They allow industries to track energy consumption on a granular level, providing data that can be used for making informed decisions on power usage optimization. Moreover, these systems often integrate with Building Management Systems (BMS), creating a seamless flow of data that enhances operational control and improves performance management. With sustainability goals set to tighten in the future, the demand for such monitoring solutions is expected to grow exponentially, particularly in urban areas with high energy demands.
The market also faces significant competition from both established players and emerging technology companies. The continuous innovation in sensor technology, cloud computing, and data analytics will further accelerate the adoption of building power monitoring solutions across different industries. These solutions also provide the opportunity for businesses to meet energy consumption standards, comply with environmental regulations, and achieve corporate sustainability targets. As industries across the US focus on reducing energy costs and enhancing operational efficiencies, building power monitoring solutions will continue to play a vital role in the coming years.
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Schneider Electric
Vertiv
Broadcom
Rittal GmbH & Co. KG
Siemens AG
ABB
Raritan
Sunbird
Packet Power
Wattics
En-trak
Rockwell Automation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Building Power Monitoring Solutions Market
Smart Meters
Energy Monitors
Control Systems
Sensors
Retail
Offices
Healthcare Facilities
Educational Institutions
Hardware Components
Software Components
On-premises
Cloud-based
IoT-based Solutions
AI and Machine Learning Integration
Edge Computing Solutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Building Power Monitoring Solutions Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Building Power Monitoring Solutions Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Building Power Monitoring Solutions Market, By Type
6. US Building Power Monitoring Solutions Market, By Application
7. US Building Power Monitoring Solutions Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Building Power Monitoring Solutions Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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