The power management system is used to enhance electrical power safety and reliability. The system uses computers as well as networking technology for enhancing plant electrical system safety, operability, reliability, and maintainability. If the power consumption is larger than the power production capacity, load shedding is employed to avoid the blackout. Alternative features may be to automatic start and stop consumers (e.g., diesel generators) as the load varies.
According to AMA, the market for Power Management System is expected to register a CAGR of 6.9% during the forecast period to 2026. This growth is primarily driven by The Rapid Increase in Demand for Energy Efficiency, A Rising Adoption Cloud-Based Platforms and IoT and Rising Installation of Renewable in Industry.
The Energy & Resources sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ABB (Switzerland), GE (United States), Siemens (Germany), Eaton (Ireland), ETAP (United States), Schneider Electric (Brazil), Emerson (United States), Mitsubishi Electric (Japan), Rockwell Automation (United States) and Honeywell (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 4 Feb 2018, Atrex Energy has successfully developed, demonstrated and delivered a hybrid power management system to the office of Naval Research testing facility. A Hybrid Energy Storage Module for use with advanced energy storage and tactical generators including renewable DC power sources. It is an elastic modular power management system that can control power flow from any number of its DC inputs to a DC output load.
- The Rapid Increase in Demand for Energy Efficiency
- A Rising Adoption Cloud-Based Platforms and IoT
- Rising Installation of Renewable in Industry
OpportunitiesRise in Dispersed Power Generation, Rise in Offshore Support Vessels and Growth in Oil & Gas Sector in North America
ChallengesShortage of Compatibility with Legacy Power Networks & Equipment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Power Management System Study Sheds Light on The Power Management System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Power Management System industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Power Management System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.