The North America Circuit Monitoring Market would witness market growth of 4.1% CAGR during the forecast period (2023-2029).
Users can track power usage effectiveness (PUE) from a central place with the help of circuit monitoring. This comprises IT and facilities equipment, down to the level of the specific branch circuit and the utility meter. The data center manager can monitor each cabinet's circuit in real time to measure the overall load vs. available capacity. Sharing this data with the BMS enables better operational efficiency and energy savings while assisting with capacity planning. In addition, A & B side loads are continuously monitored to prevent cascading failure. When a predetermined threshold or breaker limit is about to be reached, users are warned by alerts at the branch circuit level. Managers can now make adjustments to prevent overload and downtime.
The ability to track power usage by specific tenants and departments in real-time for precise billing and charge-back is enabled for colocation companies or enterprise data centers with this level of granularity. As a result, users may lower risk, plan for capacity needs, accurately bill, identify inefficiencies, and make adjustments to optimize energy usage, enhance power quality, maintain service continuity, and save energy costs with visibility into the energy demands of the entire facility down to individual systems.
Due to the expansion of the tourism industry in this region, Mexico City, Tulum, and Merida are quickly rising to the top of the list of desirable locations for real estate investors. Additionally, these areas are seeing increased urban expansion and ecotourism investment. Numerous real estate developments, including museums, commercial centers, and even concert halls, have been developed due to this surge. Due to the expansion of the commercial real estate industry, there will be an increase in the amount of infrastructure that needs effective power management and energy-saving capabilities due to the rising trend for power saving, which circuit monitoring can provide, thus driving the market expansion in the region.
The US market dominated the North America Circuit Monitoring Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $235.8 Million by 2029. The Canada market is poised to grow at a CAGR of 6.1% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 5.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Circuit Monitoring Market, by Type
1.4.2 North America Circuit Monitoring Market, by End User
1.4.3 North America 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. North America Circuit Monitoring Market by Type
4.1 North America Modular Circuit Monitoring Market by Country
4.2 North America Others Market by Country
Chapter 5. North America Circuit Monitoring Market by End User
5.1 North America Data Centers Market by Country
5.2 North America Commercial Market by Country
5.3 North America Industrial Market by Country
5.4 North America Residential Market by Country
Chapter 6. North America Circuit Monitoring Market by Country
6.1 US Circuit Monitoring Market
6.1.1 US Circuit Monitoring Market by Type
6.1.2 US Circuit Monitoring Market by End User
6.2 Canada Circuit Monitoring Market
6.2.1 Canada Circuit Monitoring Market by Type
6.2.2 Canada Circuit Monitoring Market by End User
6.3 Mexico Circuit Monitoring Market
6.3.1 Mexico Circuit Monitoring Market by Type
6.3.2 Mexico Circuit Monitoring Market by End User
6.4 Rest of North America Circuit Monitoring Market
6.4.1 Rest of North America Circuit Monitoring Market by Type
6.4.2 Rest of North America 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 North America Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 2 North America Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 3 North America Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 4 North America Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 5 North America Modular Circuit Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Modular Circuit Monitoring Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 10 North America Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 11 North America Data Centers Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Data Centers Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Commercial Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Industrial Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Residential Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Circuit Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Circuit Monitoring Market by Country, 2023 - 2029, USD Million
TABLE 21 US Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 22 US Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 23 US Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 24 US Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 25 US Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 26 US Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 27 Canada Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 28 Canada Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 29 Canada Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 30 Canada Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 31 Canada Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 32 Canada Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 33 Mexico Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 34 Mexico Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 35 Mexico Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 36 Mexico Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 37 Mexico Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 38 Mexico Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 39 Rest of North America Circuit Monitoring Market, 2019 - 2022, USD Million
TABLE 40 Rest of North America Circuit Monitoring Market, 2023 - 2029, USD Million
TABLE 41 Rest of North America Circuit Monitoring Market by Type, 2019 - 2022, USD Million
TABLE 42 Rest of North America Circuit Monitoring Market by Type, 2023 - 2029, USD Million
TABLE 43 Rest of North America Circuit Monitoring Market by End User, 2019 - 2022, USD Million
TABLE 44 Rest of North America Circuit Monitoring Market by End User, 2023 - 2029, USD Million
TABLE 45 Key information – Schneider Electric SE
TABLE 46 Key Information – ABB Group
TABLE 47 key information – Eaton Corporation PLC
TABLE 48 Key Information – Omron Corporation
TABLE 49 key Information – Legrand Group
TABLE 50 Key Information – Daxten Ltd.
TABLE 51 Key Information – Elecon Measurements Private Limited
TABLE 52 Key Information – Jiangsu Acrel Electrical Manufacturing Co., LTD.
TABLE 53 Key Information – NHP Electrical Engineering Products Pty ltd
TABLE 54 Key Information – Bay Power, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2022
FIG 3 North America Circuit Monitoring Market share by Type, 2022
FIG 4 North America Circuit Monitoring Market share by Type, 2029
FIG 5 North America Circuit Monitoring Market by Type, 2019 - 2029, USD Million
FIG 6 North America Circuit Monitoring Market share by End User, 2022
FIG 7 North America Circuit Monitoring Market share by End User, 2029
FIG 8 North America Circuit Monitoring Market by End User, 2019 - 2029, USD Million
FIG 9 North America Circuit Monitoring Market share by Country, 2022
FIG 10 North America Circuit Monitoring Market share by Country, 2029
FIG 11 North America 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