The Europe Circuit Monitoring Market would witness market growth of 4.6% CAGR during the forecast period (2023-2029).
Due to the flexible power distribution method that this circuit monitoring offers, many data centers utilize it. PDUs and panelboards are often replaced and changed to accommodate the dynamic data center environment. To prevent rebuilding or replacing the existing meters, circuit monitoring ensures that the power monitoring devices can react when the power varies. The best practice in power monitoring is obtaining utility-grade accuracy within one percent of the actual amount of power consumed. Hence, co-located data centers and other types of data centers can fairly rebill customers for energy costs owing to a utility-grade degree of accuracy.
The operations and engineering teams need a complete picture of the facility's power use, which is typically only possible through cumbersome and expensive networks of protocol conversions, middleware, and data analysis. The failure points, and expenses connected with a monitoring deployment can be decreased by features like onboard data logging, onboard Ethernet, onboard alarms, and an accessible web interface.
The German government is always working to develop the nation's digital economy. The German government intends to contribute to the advancement of AI. The industry is dominated by cloud and colocation providers. Additionally, a new investor has entered the German data center industry with ambitions to construct a facility there. Due to the pandemic, businesses, government organizations, and the education sector have surged the usage of cloud in the nation. The adoption of circuit monitoring will increase due to the growing number of data centers with the expanding digitalization and 5G trends, driving the market expansion in the region.
The Germany market dominated the Europe Circuit Monitoring Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $60.3 Million by 2029. The UK market is estimated to grow at a CAGR of 3.7% during (2023 - 2029). Additionally, The France market would showcase a CAGR of 5.4% during (2023 - 2029).
Based on Type, the market is segmented into Modular Circuit Monitoring and Others. Based on End User, the market is segmented into Data Centers, Commercial, Industrial, and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Circuit Monitoring Market is Projected to reach USD 867.6 Million by 2029, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, Eaton Corporation PLC, Legrand Group, NHP Electrical Engineering Products Pty Ltd., Omron Corporation, Daxten Ltd., Elecon Measurements Private Limited (Elmeasure), Jiangsu Acrel Electrical Manufacturing Co., LTD. (Acrel Co., Ltd.) and Bay Power, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Modular Circuit Monitoring
- Others
By End User
- Data Centers
- Commercial
- Industrial
- Residential
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Schneider Electric SE
- Eaton Corporation PLC
- Legrand Group
- NHP Electrical Engineering Products Pty Ltd.
- Omron Corporation
- Daxten Ltd.
- Elecon Measurements Private Limited (Elmeasure)
- Jiangsu Acrel Electrical Manufacturing Co., LTD. (Acrel Co., Ltd.)
- Bay Power, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Circuit Monitoring Market, by Type
1.4.2 Europe Circuit Monitoring Market, by End User
1.4.3 Europe Circuit Monitoring Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2022
3.2 Strategies Deployed in Circuit Monitoring Market
Chapter 4. Europe Circuit Monitoring Market by Type
4.1 Europe Modular Circuit Monitoring Market by Country
4.2 Europe Others Market by Country
Chapter 5. Europe Circuit Monitoring Market by End User
5.1 Europe Data Centers Market by Country
5.2 Europe Commercial Market by Country
5.3 Europe Industrial Market by Country
5.4 Europe Residential Market by Country
Chapter 6. Europe Circuit Monitoring Market by Country
6.1 Germany Circuit Monitoring Market
6.1.1 Germany Circuit Monitoring Market by Type
6.1.2 Germany Circuit Monitoring Market by End User
6.2 UK Circuit Monitoring Market
6.2.1 UK Circuit Monitoring Market by Type
6.2.2 UK Circuit Monitoring Market by End User
6.3 France Circuit Monitoring Market
6.3.1 France Circuit Monitoring Market by Type
6.3.2 France Circuit Monitoring Market by End User
6.4 Russia Circuit Monitoring Market
6.4.1 Russia Circuit Monitoring Market by Type
6.4.2 Russia Circuit Monitoring Market by End User
6.5 Spain Circuit Monitoring Market
6.5.1 Spain Circuit Monitoring Market by Type
6.5.2 Spain Circuit Monitoring Market by End User
6.6 Italy Circuit Monitoring Market
6.6.1 Italy Circuit Monitoring Market by Type
6.6.2 Italy Circuit Monitoring Market by End User
6.7 Rest of Europe Circuit Monitoring Market
6.7.1 Rest of Europe Circuit Monitoring Market by Type
6.7.2 Rest of Europe Circuit Monitoring Market by End User
Chapter 7. Company Profiles
7.1 Schneider Electric SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 ABB Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Eaton Corporation PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.3.6 Swot Analysis
7.4 Omron Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Legrand Group
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.6 Daxten Ltd.
7.6.1 Company Overview
7.7 Elecon Measurements Private Limited (Elmeasure)
7.7.1 Company Overview
7.8 Jiangsu Acrel Electrical Manufacturing Co., LTD. (Acrel Co., Ltd.)
7.8.1 Company Overview
7.9 NHP Electrical Engineering Products Pty Ltd.
7.9.1 Company Overview
7.10. Bay Power, Inc.
7.10.1 Company Overview
TABLE 1 Europe Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 2 Europe Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 3 Europe Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 4 Europe Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 5 Europe Modular Circuit Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Modular Circuit Monitoring Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 10 Europe Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 11 Europe Data Centers Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Data Centers Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe Commercial Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Commercial Market by Country, 2023 - 2029, USD Million
TABLE 15 Europe Industrial Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Industrial Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Residential Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Residential Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Circuit Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Circuit Monitoring Market by Country, 2023 - 2029, USD Million
TABLE 21 Germany Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 22 Germany Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 23 Germany Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 24 Germany Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 25 Germany Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 26 Germany Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 27 UK Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 28 UK Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 29 UK Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 30 UK Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 31 UK Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 32 UK Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 33 France Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 34 France Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 35 France Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 36 France Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 37 France Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 38 France Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 39 Russia Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 40 Russia Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 41 Russia Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 42 Russia Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 43 Russia Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 44 Russia Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 45 Spain Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 46 Spain Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 47 Spain Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 48 Spain Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 49 Spain Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 50 Spain Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 51 Italy Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 52 Italy Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 53 Italy Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 54 Italy Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 55 Italy Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 56 Italy Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 57 Rest of Europe Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 58 Rest of Europe Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 59 Rest of Europe Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 60 Rest of Europe Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 61 Rest of Europe Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 62 Rest of Europe Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 63 Key information – Schneider Electric SE
TABLE 64 Key Information – ABB Group
TABLE 65 key information – Eaton Corporation PLC
TABLE 66 Key Information – Omron Corporation
TABLE 67 key Information – Legrand Group
TABLE 68 Key Information – Daxten Ltd.
TABLE 69 Key Information – Elecon Measurements Private Limited
TABLE 70 Key Information – Jiangsu Acrel Electrical Manufacturing Co., LTD.
TABLE 71 Key Information – NHP Electrical Engineering Products Pty ltd
TABLE 72 Key Information – Bay Power, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2022
FIG 3 Europe Circuit Monitoring Market share by Type, 2022
FIG 4 Europe Circuit Monitoring Market share by Type, 2029
FIG 5 Europe Circuit Monitoring Market by Type, 2019 - 2029, USD Million
FIG 6 Europe Circuit Monitoring Market share by End User, 2022
FIG 7 Europe Circuit Monitoring Market share by End User, 2029
FIG 8 Europe Circuit Monitoring Market by End User, 2019 - 2029, USD Million
FIG 9 Europe Circuit Monitoring Market share by Country, 2022
FIG 10 Europe Circuit Monitoring Market share by Country, 2029
FIG 11 Europe Circuit Monitoring Market by Country, 2019 - 2029, USD Million
FIG 12 Recent strategies and developments: Schneider Electric SE
FIG 13 Swot analysis: Schneider Electric SE
FIG 14 SWOT Analysis: ABB Group
FIG 15 SWOT Analysis: Eaton Corporation PLC
FIG 16 SWOT Analysis: Omron Corporation