Global Power Management Market Size By Product Type (Voltage Regulators, LED Drivers, Switching Regulators), By Application (Electrical Networks, Industrial, Power Plant), Geographic Scope And Forecast

Power Management Market Size And Forecast

Power Management Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

The Global Power Management Market has witnessed strong growth owing to the increasing applications in several sectors such as automotive, consumer electronics, networking, telecommunications, etc. Moreover, an increase in the manufacturing sector simultaneously with other industries such as metals and mining, and data centers is another chief factor driving the power management system market. The Global Power Management Market report provides a holistic evaluation of the market. The report offersComprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Power Management Market Definition

Power management refers to a computing device feature that enables users to control the amount of electrical power consumed by an underlying device, coupled with a minimum impact on performance. With the help of power management, the switching of things in various power modes is equipped, each with different power usage characteristics related to devising administration. Power management features can be efficiently managed by preinstalled firmware or host operating system (OS) installed in the computer. It is also beneficial in manually adjusting the power settings.

Power management also helps to ensure the safe, reliable, efficient, and compliant process of electrical distribution systems, including the assets connected to them. Real-time power data can be obtained from stand-alone power metering devices or from devices that have installed metering capabilities such as protection relays, breaker trip units, motor control units, and variable speed drives. The most innovative power and energy management systems offer deep functionality to incorporate a range of important applications relevant to all types of facilities. In recent years, there have been notable advancements in power and energy analytic tools, while giving greater ease of use for facility teams.

Global Power Management Market Overview

The Global Power Management Market is predominantly driven by increasing applications in several sectors such as automotive, consumer electronics, networking, telecommunications, etc. In addition, the increasing adoption of IoT & Cloud-Based Platforms, as well as surging sales of consumer electronics, has been driving the Global Power Management Market. The feature of power management also decreases power consumption in several device applications and encourages the growth of the industry. Moreover, government incentives for various industries like manufacturing will considerably increase the need for power, thereby boosting the demand for power management in different countries. Furthermore, the increase in the manufacturing sector simultaneously with other industries such as metals and mining and data centers is another chief factor driving the power management system market in the Asia Pacific region.

Despite having numerous advantages of power management, some factors restrain and challenge market growth. The principal factor restraining the growth of the market is the risk to data security. The increasing occurrence of viruses and cyber-attacks is leading to security concerns. Important information can be hijacked by malicious viruses in computer systems, which can create a major loss to industries. However, during the recent COVID-19 outbreak and national lockdown in multiple regions, power consumption observed a surge, which also raised load-shedding cases. These load-shedding and management solutions have offered numerous growth opportunities for the market in various regions. For example, despite a drop in demand due to the COVID-19 lockdown in South Africa, State-run Eskom performed several rounds of load shedding considering the COVID-19 outbreak.

Global Power Management MarketSegmentation Analysis

The Global Power Management Market is Segmented on the basis of Product Type, Application, And Geography.

Power Management Market, By Product Type

• Voltage Regulators
• LED Drivers
• Switching Regulators
• Battery Charger Controllers
• Others

Based on Product Type, the market is bifurcated into Voltage Regulators, LED Drivers, Switching Regulators, Battery Charger Controllers, and Others. The LED Drivers segment is estimated to witness the highest CAGR for the forecast period. LED driver is an electrical device that controls power to an LED or a string of LEDs. LED drivers (also known as LED power supplies) are the same as ballasts for fluorescent lights or transformers for low-voltage bulbs.

Power Management Market, By Application

• Electrical Networks
• Industrial
• Power Plant
• Commercial
• Others

Based on Application, the market is bifurcated into Electrical Networks, Industrial, Power Plant, Commercial, and Others. The Electrical Networks segment is estimated to witness the highest CAGR for the forecast period. The factors that can be attributed to the growth of the segment are associated with the increasing implementation of power management in the electrical networks for less consumption of electricity. The power plant and commercial segment are also expected to grow at a considerable rate during the forecast period.

Power Management Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on regional analysis, the Global Power Management Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is anticipated to dominate power management during the forecast period. The expansion in the manufacturing sector, coupled with other industries such as data centers and metals and mining, is the major determinant supporting the Power Management Market in the Asia-Pacific region.

Key Players

The “Global Power Management Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as AC/ DC Electronics, AEG SVS, Allegro Microsystems, Beltrame Cse, BMR GmbH, Diodes Incorporated, Edit Elektronik, EREA Transformers, Fairchild Semiconductor, iC-Haus, Infineon Technologies, Kutai Electronics Industry Co., Ltd., Marelli Motori S.p.A., Mecc Alte, Micropower Direct and ON Semiconductor.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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