The global advanced server energy monitoring tools market reached USD 22.5 Billion in 2015 and the market is expected to reach USD 47.2 Billion by 2023
The global advanced server energy monitoring tools market is segmented into end user such as automation, healthcare, corporate, construction, manufacturing, power & energy and others. Among these segments, healthcare segment is predicted to obtain a CAGR of 10.5% over the forecast period i.e. 2016-2023. Additionally, the growth of healthcare segment is attributed to growing adoption of innovative advanced server energy monitoring tools and rising government initiative to improve healthcare sector. In addition to this, expansion of healthcare sector is also believed to foster the growth of advanced server energy monitoring tools market.
The global advanced server energy monitoring tools market is expected to register a CAGR of 14.7 % over the forecast period. Moreover, global advanced server energy monitoring tools market is projected to reach USD 47.2 Billion Million globally by 2023. The market of Advanced Server Energy Monitoring Market tools is expected to expand on the back of increasing prevalence of energy loss and increasing demand for real-time data analytics.
The software segment by component is projected to expand at a remarkable pace during the forecast period owing to growing adoption of web-based services. In terms of regional platform, North America and Europe are the leading regional market of advanced server energy monitoring tools. Further, presence of huge industries along with growing penetration of industrial automation is the factors propelling the growth of advanced server energy monitoring tools market in both regions.
Robust expansion of healthcare sector
Increasing investment by government to build healthcare infrastructure in developing and developed nations such as U.S., China and others is expected to augment the demand for advanced server energy monitoring tools. Additionally, increasing energy prices across the globe is also encouraging various end use industries to adopt advanced server energy monitoring tools. Likely, these factors are anticipated to intensify the growth of advanced server energy monitoring tools market.
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Growing concern regarding utilization of high energy in industries
Increase in number of industries across the globe coupled with rising concerns to curb the loss of energy in order to cut down the cost of various industrial processes is one of the major factor bolstering the growth of advanced server energy monitoring tools market. In addition to this, numerous end-use industries are shifting towards advanced server energy monitoring tools which is likely to flourish the growth of advanced server energy monitoring tools market. On the contrary, high cost associated with advanced server energy monitoring tools and lack of awareness regarding advanced server energy monitoring tools in underdeveloped and developing nations is believed to hamper the growth of advanced server energy monitoring tools market.
The report titled “Advanced Server Energy Monitoring Tools Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global advanced server energy monitoring tools market in terms of market segmentation by component, by end user and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global advanced server energy monitoring tools market which includes company profiling of Siemens, Schneider Electric, Honeywell International, Johnson Controls, General Electric Company, Eaton Corporation, Elster Group and C3 Energy. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global advanced server energy monitoring tools market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Source: EIN Presswire