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Building Automation Dominates Power Monitoring Market as Demand for Energy Efficiency Soars

globenewswire.com
ETN Eaton is mentioned as a key player in the power monitoring market, which is experiencing growth due to demand for energy efficiency and data center expansion. The article does not provide specific sentiment towards Eaton's performance but lists it among major companies in the sector. HON Honeywell International is listed as a key player in the power monitoring market. The article highlights the market's growth driven by energy efficiency and data center needs, but offers no specific sentiment or performance details for Honeywell.

Building Automation Dominates Power Monitoring Market as Demand for Energy Efficiency Soars Dublin, July 06, 2026 (GLOBE NEWSWIRE) -- The "Power Monitoring Market by Component, Application, End-Use, and Region - Global Forecast to 2031" has been added to ResearchAndMarkets.com's offering.

The power monitoring market is projected to expand from USD 7.41 billion in 2026 to USD 10.56 billion by 2031, at a CAGR of 7.3% during this period. This growth is driven by the rapid development of data centers, healthcare facilities, telecommunications infrastructure, manufacturing plants, and commercial buildings, which is putting a strain on aging power grids. The solution lies in adopting advanced power monitoring systems to provide real-time visibility, power quality assurance, and energy optimization.

Power monitoring systems are increasingly used in industrial facilities, commercial complexes, data centers, and utilities. These systems encompass smart metering, power quality analyzers, IoT-enabled sensors, advanced analytics, and more, offering features like predictive maintenance and remote diagnostics. The demand is propelled by supportive policies for smart grid deployments and energy efficiency programs across major economies like the US, China, and India.

The adoption of power monitoring technologies integrated with IoT, AI-driven analytics, and edge computing is accelerating, particularly in Europe and Asia Pacific. The industry is evolving to meet the challenges posed by frequent power quality issues and extreme weather events, aiming for operational resilience, energy cost savings, and sustainability goals.

The building automation segment is anticipated to dominate the market during the forecast period. This segment benefits from its application in commercial and institutional facilities where the need for energy management and critical equipment protection is paramount. It integrates seamlessly with building management systems and supports energy efficiency mandates exemplified by LEED and BREEAM certifications.

Furthermore, the segment is witnessing robust growth from new construction and retrofits in commercial sectors, driven by electricity costs and sustainability targets. Power monitoring solutions offer user-friendly dashboards and detailed energy reporting, enabling managers to optimize energy use and maintain compliance with energy codes.

The data center segment is poised for the highest growth as an end user during the forecast period. This is attributed to the explosive expansion of hyperscale facilities and cloud computing infrastructure. Advanced power monitoring solutions are being adopted to manage high power densities, ensure reliable power quality, and integrate seamlessly with building management systems and SCADA platforms.

The modern systems offer modular architectures, cloud-based dashboards, and AI-driven analytics, which aid in optimizing performance and integrating renewable energy sources and battery storage systems.

North America is estimated to be the second-largest market during the forecast period. The growth is fueled by infrastructure modernization and the heightened need for power quality management in the US and Canada. This includes implementing smart monitoring technologies supported by government policies aimed at enhancing grid resilience and energy efficiency.

Challenges related to high renewable energy penetration necessitate sophisticated power monitoring systems to manage issues like harmonic distortion and frequency variations efficiently. North American utility companies and end users are increasingly implementing these advanced systems to ensure operational reliability and resilience.

Additionally, in-depth industry interviews highlight key market drivers like energy efficiency mandates, smart grid investment, and urbanization, alongside challenges such as system costs and aging infrastructure. Key players in the market include Schneider Electric, Siemens, ABB, Eaton, and Honeywell International, with detailed analyses of their market strategies and developments.

Research Coverage: The report offers comprehensive coverage of the global power monitoring market by various segments and regions, accompanied by qualitative and quantitative analysis. It examines market dynamics, estimates values, and forecasts trends. It provides insights into factors influencing market growth, opportunities, challenges, and a competitive assessment of key industry players.

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For more information about this report visit https://www.researchandmarkets.com/r/wy9ene

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