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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
A sophisticated energy monitoring system keeps tabs on how much energy is used in each area of the plant continuously. Energy metres and data recorders are used in the energy monitoring system to complete the task.
Systems for monitoring energy use give consumers information about their consumption habits so they may control their energy use wisely and save as much money as possible. IoT-based energy monitoring systems (EMS) gather and organise data on energy use and offer it as insightful and useful information, such as chances for energy conservation (ECOs).
If we don't measure, comprehend, and get rid of the inefficiencies, we can't save any energy. Smart metering offers immediate opportunities in the areas of data access, clear billing, energy efficiency, performance, and compliance.
Future possibilities are made more interesting by analytics and technology. The Internet of Things (IoT) and big data analytics will make it possible to connect numerous devices.
The global Smart Energy monitoring system market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
One of the main problems in commercial applications is energy management, which has a significant effect on operating expenses. For the electrical market, which is expected to develop at a CAGR of 6% between now and 2020, ABB India has introduced a new series of electrical measuring and power monitoring metres.
With this launch, ABB India expands its current selection of single, multifunction metres, and network analyzers to include a broad portfolio that serves the Panel Meter market across several sectors, including healthcare, hospitality, infrastructure, and food and beverage, to mention a few.
Users can choose better options to track their energy consumption thanks to these smart solutions for metering and energy monitoring. The metres ensure fundamental to comprehensive analyses of power quality and precisely track the energy resources for residential, industrial, and commercial building segments.
By providing power to quality monitoring requirements inside power factor correction boards, motor control centres, or sub-distribution switchboards of commercial and industrial buildings, the recently launched M1M11, M1M DS, M1M 20B, and M1M 30B cover the major submetering easily and affordably.
"The expanding Panel metre industry and our introduction of a new range of metres offers a significant potential for customers to better control energy performance across sectors," said President-Electrification at ABB India.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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