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US Power Monitoring System Market

ID: MRFR/EnP/13309-HCR
100 Pages
Snehal Singh
October 2025

US Power Monitoring System Market Research Report By Application (Energy Management, Industrial Automation, Building Automation, Transportation, Renewable Energy Management), By Component (Software, Hardware, Services), By End User (Utilities, Manufacturing, Commercial, Residential, Healthcare) and By Deployment Type (On-Premise, Cloud-Based) - Forecast to 2035

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US Power Monitoring System Market Infographic
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US Power Monitoring System Market Summary

As per MRFR analysis, the US power monitoring system market size was estimated at 798.0 USD Million in 2024. The US power monitoring-system market is projected to grow from 823.54 USD Million in 2025 to 1128.44 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US The US power monitoring system market is experiencing robust growth. This growth is driven by technological advancements and regulatory demands.

  • The integration of IoT technologies is transforming the power monitoring landscape, enhancing real-time data collection and analysis.
  • Regulatory compliance and sustainability initiatives are increasingly influencing market dynamics, pushing companies towards greener solutions.
  • Advancements in data analytics are enabling more precise energy management, leading to improved operational efficiency.
  • Rising energy costs and a growing focus on renewable energy are key drivers propelling the demand for power monitoring systems.

Market Size & Forecast

2024 Market Size 798.0 (USD Million)
2035 Market Size 1128.44 (USD Million)
CAGR (2025 - 2035) 3.2%

Major Players

Schneider Electric (FR), Siemens (DE), General Electric (US), Eaton (US), Honeywell (US), Emerson Electric (US), Rockwell Automation (US), ABB (CH), Mitsubishi Electric (JP)

US Power Monitoring System Market Trends

The power monitoring system market is currently experiencing a notable transformation. This change is driven by advancements in technology and an increasing demand for energy efficiency. As organizations strive to optimize their energy consumption, the integration of sophisticated monitoring systems has become essential. These systems not only facilitate real-time tracking of energy usage but also enable predictive maintenance, thereby reducing operational costs. Furthermore, regulatory frameworks are evolving, pushing industries to adopt more sustainable practices. This shift is likely to enhance the market's growth trajectory, as stakeholders recognize the importance of energy management in achieving both economic and environmental goals. In addition, the rise of smart grid technologies is reshaping the landscape of the power monitoring-system market. The convergence of IoT and energy management systems is fostering a more interconnected and responsive energy ecosystem. This trend appears to be gaining momentum, as utilities and consumers alike seek to leverage data analytics for improved decision-making. As the market continues to evolve, it is anticipated that innovations in software and hardware will further enhance the capabilities of power monitoring systems, making them indispensable tools for energy management across various sectors.

Integration of IoT Technologies

The incorporation of Internet of Things (IoT) technologies into power monitoring systems is becoming increasingly prevalent. This trend allows for enhanced data collection and analysis, enabling users to monitor energy consumption in real-time. The ability to connect devices and systems facilitates better energy management and optimization, which is crucial for organizations aiming to reduce costs and improve efficiency.

Regulatory Compliance and Sustainability

As environmental regulations become more stringent, organizations are compelled to adopt power monitoring systems to ensure compliance. This trend emphasizes the importance of sustainability in energy management. Companies are increasingly investing in these systems to not only meet regulatory requirements but also to demonstrate their commitment to reducing their carbon footprint.

Advancements in Data Analytics

The power monitoring system market is witnessing significant advancements in data analytics capabilities. Enhanced analytical tools allow for deeper insights into energy usage patterns, enabling organizations to make informed decisions. This trend is likely to drive the adoption of power monitoring systems, as businesses seek to leverage data for strategic energy management.

US Power Monitoring System Market Drivers

Rising Energy Costs

The increasing costs of energy in the US are driving the demand for the power monitoring-system market. As utility rates continue to rise, businesses and consumers are seeking ways to optimize their energy consumption. This trend is particularly evident in commercial sectors, where energy expenses can account for a significant portion of operational costs. By implementing power monitoring systems, organizations can identify inefficiencies and reduce waste, potentially saving up to 20% on energy bills. The power monitoring-system market is thus positioned to benefit from this economic pressure, as stakeholders look for solutions that provide real-time insights into energy usage and facilitate cost-effective management.

Enhanced Data Security Concerns

As the power monitoring-system market expands, concerns regarding data security are becoming increasingly prominent. With the integration of IoT devices and cloud-based solutions, the potential for cyber threats has risen. Organizations are now more aware of the need to protect sensitive energy consumption data from breaches. This awareness is driving demand for power monitoring systems that incorporate robust security features. According to industry reports, nearly 60% of businesses in the energy sector have experienced cyber incidents in the past year. Consequently, the market is likely to see a surge in solutions that prioritize data integrity and security, ensuring that users can monitor their energy usage without compromising their information.

Growing Focus on Renewable Energy

The transition towards renewable energy sources in the US is influencing the power monitoring-system market. As more organizations adopt solar, wind, and other renewable technologies, the need for effective monitoring systems becomes paramount. These systems enable users to track energy production and consumption, ensuring that renewable sources are utilized efficiently. According to recent data, the share of renewables in the US energy mix is projected to reach 50% by 2030. This shift not only supports sustainability goals but also creates a robust market for power monitoring solutions that can integrate with diverse energy sources, enhancing overall energy management.

Increased Demand for Energy Efficiency

The push for energy efficiency in the US is significantly impacting the power monitoring-system market. With rising awareness of climate change and energy conservation, both consumers and businesses are prioritizing energy-efficient practices. The US Department of Energy has set ambitious targets to reduce energy consumption by 30% by 2030. Power monitoring systems play a crucial role in achieving these goals by providing insights that help users optimize their energy use. This growing emphasis on efficiency not only drives market demand but also encourages innovation in monitoring technologies, as stakeholders seek advanced solutions to meet regulatory and environmental standards.

Technological Advancements in Smart Grids

The evolution of smart grid technology is a key driver for the power monitoring-system market. Smart grids facilitate two-way communication between utilities and consumers, allowing for enhanced monitoring and management of energy resources. This technology enables real-time data collection and analysis, which is crucial for optimizing energy distribution and consumption. The US government has invested heavily in smart grid initiatives, with funding exceeding $4 billion in recent years. As smart grids become more prevalent, the demand for sophisticated power monitoring systems that can interface with these networks is likely to increase, presenting significant opportunities for market growth.

Market Segment Insights

By Application: Energy Management (Largest) vs. Industrial Automation (Fastest-Growing)

The US power monitoring-system market demonstrates distinct market share distribution among key application segments. Energy Management holds the largest share, reflecting the robust demand for solutions that optimize energy consumption, reduce costs, and enhance sustainability in various industries. Industrial Automation follows closely, driven by a growing trend towards automated systems that improve operational efficiency and reliability in manufacturing processes. In terms of growth trends, Industrial Automation is emerging as the fastest-growing segment, propelled by advancements in IoT and smart technologies facilitating real-time monitoring and control. This trend is further supported by government initiatives promoting automation for energy efficiency and reduced emissions. Energy Management continues to thrive as organizations focus on sustainability and compliance with environmental regulations, thereby solidifying its dominance in the market.

Energy Management (Dominant) vs. Transportation (Emerging)

Energy Management is characterized by its ability to provide comprehensive insights into energy usage, enabling businesses to adopt strategies that significantly reduce consumption and costs. This segment benefits from increased awareness around sustainability and energy conservation, making it central to many organizational strategies. Conversely, the Transportation sector is emerging as a vital area within the US power monitoring-system market, focusing on enhancing operational efficiencies and reducing emissions through advanced monitoring technologies. While Transportation is gaining momentum, Energy Management remains dominant due to its established foundation and critical role in driving energy efficiency across sectors.

By Component: Software (Largest) vs. Services (Fastest-Growing)

In the US power monitoring-system market, the distribution of market share among component segments reveals that software holds a significant portion, reflecting its critical role in system functionality and user interface. Hardware maintains a steady presence, but services are rapidly gaining traction, indicating a market shift towards comprehensive management solutions that include maintenance and real-time analytics. The growth trends in this segment are primarily driven by increasing demand for smart monitoring solutions and the gradual transition towards automation in energy management. With regulatory support for energy efficiency and sustainability, both hardware and software segments see innovation, while services expand swiftly to accommodate the rising need for installation support, training, and ongoing service contracts, positioning them as the fastest-growing segment of the market.

Software (Dominant) vs. Services (Emerging)

Software in the US power monitoring-system market is recognized as the dominant segment, providing essential functionalities such as data analysis, real-time monitoring, and system integration, which are vital for energy efficiency and operational performance. As the backbone of power management systems, software solutions enable users to visualize power consumption and optimize their usage. On the other hand, services represent the emerging segment, characterized by increasing demand for installation, technical support, and maintenance services. These services are essential for businesses to fully leverage their power monitoring systems, driving their rapid growth. The combination of robust software capabilities and responsive service offerings is crucial for keeping pace with evolving energy markets and regulatory demands.

By End User: Utilities (Largest) vs. Healthcare (Fastest-Growing)

The market share distribution among the end user segments in the US power monitoring-system market highlights Utilities as the dominant player, engaging in comprehensive monitoring solutions to ensure reliable asset management and energy distribution. Following behind are Manufacturing, Commercial, and Residential segments, with Healthcare witnessing significant adoption rates as the demand for effective energy monitoring solutions in hospital and medical facilities rises. Growth trends within the end user segment are driven by the increasing emphasis on energy efficiency and regulatory compliance, particularly in the Utilities and Healthcare sectors. Innovations in technology, including the integration of IoT and machine learning, are creating new opportunities for dynamic monitoring solutions. Utilities are leveraging advanced products to maintain grid stability while Healthcare is adopting systems for improved operational efficiency, marking it as the fastest-growing segment.

Utilities (Dominant) vs. Healthcare (Emerging)

Utilities dominate the US power monitoring-system market by utilizing sophisticated monitoring systems to manage energy distribution and consumption effectively. This segment relies heavily on real-time data analytics and automated reporting to optimize performance and reduce operational costs. Meanwhile, Healthcare is emerging as a significant sector within this market, adopting advanced monitoring solutions to enhance the management of energy consumption in medical facilities. As healthcare infrastructures prioritize energy efficiency and sustainability amidst rising energy costs, the demand for tailored monitoring solutions continues to escalate, positioning it as a fast-growing sector that complements the established Utilities segment.

By Deployment Type: Cloud-Based (Largest) vs. On-Premise (Fastest-Growing)

In the US power monitoring-system market, Cloud-Based solutions currently hold the largest market share, appealing to organizations looking for scalability and flexibility. This segment is preferred due to its ability to offer real-time data access from anywhere, ensuring that users can monitor and analyze power usage effectively. On the other hand, On-Premise solutions, though trailing in market share, are experiencing notable growth, driven by industries prioritizing data sovereignty and security. The growth trends in this segment are heavily influenced by the increasing demand for digital transformation across various sectors. Organizations are transitioning to Cloud-Based solutions to leverage their cost-effectiveness and enhanced features. Conversely, On-Premise solutions gain traction as regulatory compliance and data protection become paramount, making it an emerging choice among sectors requiring stringent data governance practices.

Cloud-Based (Dominant) vs. On-Premise (Emerging)

Cloud-Based solutions exemplify the dominant deployment type in the US power monitoring-system market, characterized by their ability to provide seamless updates, scalability, and reduced upfront costs. These solutions facilitate extensive data analysis owing to their robust computing capabilities, making them ideal for businesses looking to optimize energy management. In contrast, On-Premise solutions represent an emerging trend, favored especially by organizations with strict data security requirements. These systems are designed for intensive data processing and are often preferred in industries where data privacy regulations are stringent. Both deployment types have carved out their niches, with Cloud-Based solutions leading in popularity yet witnessing increased interest in On-Premise implementations as businesses reassess their infrastructure needs.

Get more detailed insights about US Power Monitoring System Market

Key Players and Competitive Insights

The power monitoring-system market is currently characterized by a dynamic competitive landscape, driven by the increasing demand for energy efficiency and sustainability. Major players such as Schneider Electric (FR), Siemens (DE), and General Electric (US) are actively positioning themselves through innovation and strategic partnerships. Schneider Electric (FR) emphasizes digital transformation and sustainability, focusing on smart grid technologies and energy management solutions. Siemens (DE) leverages its expertise in automation and digitalization to enhance operational efficiency, while General Electric (US) is concentrating on integrating advanced analytics into its power monitoring systems, thereby enhancing predictive maintenance capabilities. Collectively, these strategies foster a competitive environment that prioritizes technological advancement and customer-centric solutions.

Key business tactics within this market include localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The competitive structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for niche players to emerge, yet the collective strength of major companies shapes market dynamics significantly, as they invest in research and development to maintain competitive advantages.

In October 2025, Schneider Electric (FR) announced a partnership with a leading renewable energy firm to develop integrated power monitoring solutions aimed at optimizing energy consumption in commercial buildings. This strategic move underscores Schneider's commitment to sustainability and positions it favorably in the growing market for green technologies. The collaboration is likely to enhance Schneider's product offerings and expand its market reach, aligning with global trends towards energy efficiency.

In September 2025, Siemens (DE) launched a new cloud-based power monitoring platform designed to provide real-time data analytics for industrial applications. This initiative reflects Siemens' focus on digitalization and the Internet of Things (IoT), enabling customers to optimize their energy usage and reduce operational costs. The introduction of this platform may strengthen Siemens' competitive position by offering advanced solutions that meet the evolving needs of industries seeking to enhance efficiency and sustainability.

In August 2025, General Electric (US) unveiled a new suite of AI-driven power monitoring tools aimed at enhancing grid reliability and performance. This development indicates GE's strategic pivot towards integrating artificial intelligence into its offerings, potentially revolutionizing how power systems are monitored and managed. By leveraging AI, GE may improve predictive capabilities, thereby reducing downtime and maintenance costs for its clients.

As of November 2025, current trends in the power monitoring-system market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, as companies seek to combine strengths to innovate and deliver comprehensive solutions. The shift from price-based competition to a focus on technological innovation and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to adapt to these evolving trends.

Key Companies in the US Power Monitoring System Market market include

Industry Developments

The US Power Monitoring System Market is witnessing significant developments, particularly with technological advancements focusing on automation and digitalization to enhance operational efficiency. Emerson Electric has recently launched new solutions enhancing real-time monitoring capabilities, while Siemens continues to expand its portfolio with innovative energy solutions, contributing to growing demand. 

Additionally, Eaton has been actively investing in Research and Development of smart grid technologies, further driving market growth. In terms of mergers and acquisitions, GE Digital acquired a key software company in August 2023 to broaden its asset performance management solutions. Siemens and Fluke Corporation have also been noted for strengthening their market presence through strategic partnerships. 

The market is expected to maintain a robust growth trajectory, bolstered by increased renewable energy integration and regulatory standards aimed at improving energy efficiency. Pacific Gas and Electric Company has been implementing comprehensive power monitoring systems aimed at mitigating outages and enhancing grid reliability, illustrating the pressing need for advanced monitoring solutions. Over the past few years, major initiatives addressing cybersecurity in power systems have gained traction, highlighting the importance of safeguarding infrastructure amid rising digital threats.

Future Outlook

US Power Monitoring System Market Future Outlook

The Power Monitoring System Market is projected to grow at a 3.2% CAGR from 2024 to 2035, driven by increasing energy efficiency demands and regulatory compliance.

New opportunities lie in:

  • Integration of AI-driven analytics for predictive maintenance solutions.
  • Development of cloud-based monitoring platforms for remote access.
  • Expansion into renewable energy sector with tailored monitoring solutions.

By 2035, the market is expected to achieve robust growth, reflecting evolving energy management needs.

Market Segmentation

US Power Monitoring System Market End User Outlook

  • Utilities
  • Manufacturing
  • Commercial
  • Residential
  • Healthcare

US Power Monitoring System Market Component Outlook

  • Software
  • Hardware
  • Services

US Power Monitoring System Market Application Outlook

  • Energy Management
  • Industrial Automation
  • Building Automation
  • Transportation
  • Renewable Energy Management

US Power Monitoring System Market Deployment Type Outlook

  • On-Premise
  • Cloud-Based

Report Scope

MARKET SIZE 2024 798.0(USD Million)
MARKET SIZE 2025 823.54(USD Million)
MARKET SIZE 2035 1128.44(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 3.2% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Schneider Electric (FR), Siemens (DE), General Electric (US), Eaton (US), Honeywell (US), Emerson Electric (US), Rockwell Automation (US), ABB (CH), Mitsubishi Electric (JP)
Segments Covered Application, Component, End User, Deployment Type
Key Market Opportunities Integration of advanced analytics and IoT in power monitoring-system market enhances efficiency and sustainability.
Key Market Dynamics Growing demand for energy efficiency drives innovation in power monitoring systems amid evolving regulatory frameworks.
Countries Covered US

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FAQs

What is the expected market size of the US Power Monitoring System Market in 2024?

The US Power Monitoring System Market is expected to be valued at 593.0 million USD in 2024.

What is the projected market size for the US Power Monitoring System Market by 2035?

By 2035, the market is anticipated to grow to 1308.0 million USD.

What is the expected compound annual growth rate (CAGR) for the US Power Monitoring System Market from 2025 to 2035?

The expected CAGR for the US Power Monitoring System Market is 7.456% from 2025 to 2035.

Which application segment is expected to lead the market in 2024?

The Energy Management application segment is expected to lead the market, valued at 150.0 million USD in 2024.

What is the projected value of the Industrial Automation application segment in 2035?

The Industrial Automation application segment is projected to reach 270.0 million USD by 2035.

Who are the key players in the US Power Monitoring System Market?

Major players in the market include Emerson Electric, ABB, Eaton, and Itron.

What is the expected value of the Building Automation application in 2024?

The Building Automation application is expected to be valued at 100.0 million USD in 2024.

What opportunities exist within the Renewable Energy Management segment by 2035?

By 2035, the Renewable Energy Management segment is expected to grow to 288.0 million USD, presenting numerous opportunities.

How does the Transportation application segment compare in size between 2024 and 2035?

The Transportation application segment is projected to grow from 80.0 million USD in 2024 to 180.0 million USD in 2035.

What factors are driving growth in the US Power Monitoring System Market?

Growth in the US Power Monitoring System Market is driven by increased investments in energy efficiency and automation technologies.

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