The circuit monitoring market is projected to reach US$1,019.231 million in 2030 from US$791.933 million in 2025 at a CAGR of 5.17%.
Circuit monitoring is a multichannel measurement process that establishes electrical parameters for monitoring AC & DC branches. This process ensures optimum energy flow through critical power applications by tracking PUE (Power Usage Effectiveness). Favorable investments in housing units and commercial and industrial establishments across major economies have provided a major scope for the circuit monitoring market’s growth.
Moreover, the establishment of new power grids and data centers, coupled with ongoing initiatives to bolster circuit protection to prevent major power losses and accidents, have also led to an upward market trajectory. Major governing authorities have also laid guidelines for monitoring electrical grid performance, acting as an additional driving factor.
The circuit monitoring system provides real-time load balancing across different branch circuits, which simplifies the overall power usage measurement used to provide accurate billing from the energy department. Owing to its high-performance features, circuit monitoring finds major usage in housing units and residential establishments for optimizing energy usage across different electrical gadgets.
The rapid population growth over the years has bolstered the demand for housing units across various economies, leading to favorable investments in housing construction. For instance, according to the Ministry of Land, Infrastructure, Transport, and Tourism, in 2022, the number of housing dwellings built for sale in Japan stood at 255,487 units, representing a 4.7% growth over 2021’s figure. The same source specified that in 2023, the total strength of new construction starts of dwellings reached 8,19,623 units.
Likewise, as per the housing statistics provided by Homes England, in 2023, nearly 32,384 housing completions were delivered through programs managed by Homes England. Of this, affordable housing constituted 71% of units and experienced a 3% growth over housing completions in 2022.
Circuit monitoring is also heavily used in data centers besides residential applications. It plays an integral role in capacity planning, which assists in tracking the total load and available capacity for each cabinet, thereby promoting energy efficiency and savings. The growing internet traffic coupled with booming digitization in economies has increased the overall data volume, propelling the demand for data centers and leading to new investments.
In June 2024, Equinox announced the construction of its data center, “LS2 International Business Exchange,” in Lisbon, enabling it to expand the digital ecosystem across Portugal, allowing local businesses to grow. Likewise, in July 2024, DataBank announced the construction of its third IAD4 data center on Red Rum Drive in Virginia, which will provide an additional 70,000 square feet of space for data storage.
Rapid urbanization, improvement in living standards, and growing work culture worldwide have accelerated the demand for commercial spaces such as offices, malls, hotels, and institutions. Circuit monitoring bridges the gap between the energy supply and energy usage by tracking the load distribution. With the ongoing investment in commercial spaces, the demand for circuit monitoring tools & devices is anticipated to experience positive growth.
According to Statistics Canada, in Q2 2024, investment in building construction reached $62.8 billion, with non-residential construction accounting for $19.1 billion, and the year-on-year growth in the second quarter stood at 7.2%. Moreover, construction activities are also witnessing positive growth across major Middle Eastern economies such as Saudi Arabia, with investment in commercial buildings, hotels, and recreational facilities experiencing an upward trajectory.
By type, the circuit monitoring market is segmented into modular and branch & multi-circuit monitoring. The latter is poised for constant growth and will account for a considerable market share fueled by its high applicability across various industrial applications, such as control and power panels, to maintain the efficiency of current flow. The growing industrial units and manufacturing plants have bolstered electricity demand, making it imperative to keep track of energy flow across such units to prevent any power cut-offs or disruption.
Based on geography, the circuit monitoring market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The North American region is projected to account for a considerable market share, fueled by favorable investment in public and private construction covering residential and commercial aspects in major regional nations, namely the United States and Canada.
Economies are investing in bolstering their grid development to optimize the energy flow across varied applications. For instance, in October 2023, the Biden Administration announced an investment of US$3.46 billion in 58 projects that would strengthen the electric grid resilience across 44 US states.
Moreover, the well-established presence of major market players, namely ABB, Eaton Corporation, Omron, and CircuitMeter Inc., followed by ongoing developments of circuit protection devices, is acting as an additional driving factor for the regional market growth.
Asia Pacific is poised for the quickest market growth during the given timeframe, with ongoing investments in smart grids and energy-efficiency devices.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Circuit Monitoring Market Size in 2025 | US$791.933 million |
| Circuit Monitoring Market Size in 2030 | US$1,019.231 million |
| Growth Rate | CAGR of 5.17% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Circuit Monitoring Market |
|
| Customization Scope | Free report customization with purchase |
The Circuit Monitoring market is segmented and analyzed as given below: