The global power management system market is estimated to reach USD 3.77 Billion in 2017 and is projected to reach USD 5.26 Billion by 2022, growing at a CAGR of 6.88%.

Power Management System Market by Type (Hardware, Software, Services), Module (Power Monitoring, Load Shedding, Power Simulator, Generator Controls), End-User (Oil & Gas, Marine, Metals & Mining, Data Centers), and Region - Global Forecast to 2022

The market is set to grow due to the increasing demand for energy efficiency in the manufacturing sector, rising installation of renewables in the industry, and rising adoption of IoT and cloud-based platforms.