According to MarketsandMarkets Research, the global power monitoring market is projected to grow at a CAGR of 5.76% from 2017 to 2022 where it will reach a market size of USD4.57Bil by 2022. The high demand of power monitoring is due to increasing electricity prices, efficient utilization of power resources and maximizing reliability of power supply.
The power monitoring market is segmented into 3 main components, namely hardware, software and services. The hardware component is booming due to the increasing deployment of smart meters and its communication and measurement devices, especially in the manufacturing and process industry for delivering power supply and increasing the plant uptime.
Phoenix Contact has embarked on the smart meter trend since 2011 and the market was continuously growing with double digit values. EMPro energy measuring devices detect and monitor the characteristic electrical data of the machines and systems. The EMPro is designed with the following advantages:
- Direct access to measured value on-site or via web server function
- Easy device configuration on-site or via Ethernet communication or via integrated web server on the PC
- Flexible network connection by using the communication module and available for further processing in the control centre
- The measuring device is expandable to include new functions in order to grow in line with customer future requirements
Energy flow monitoring and data logging
Network-capable EMPro can be used to monitor characteristic electrical data centrally and on site. The compact controller is able to gather all the energy characteristics of the process and logs these in the SQL database.
On top of energy meters, Phoenix Contact also launched power meters in 2018 for active power measurement with current transformer measurement and it is certified in accordance with the measuring instrument (MID) directive.
We are committed to be one of the trusted partners for power monitoring solutions, inclusive of software to capture and analyse power metrics. If you are interested to find out more about our solutions, please feel free to contact me via the form below!