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Share: ResearchAndMarkets.com s offering. The global power management system market is evaluated at US$ 5.084 billion for the year 2020 growing at a CAGR of 7.74% reaching the market size of US$7.952 billion by the year 2026. Power management system is a system which is in charge of the electrical system and makes sure that the electrical system is safe and efficient. The system is majorly used to monitor the operations of an electrical distribution system in the given premises or an area. It further helps to optimize maintenance and get more life from electrical assets, recover from outages more quickly and safely, find ways to reduce energy costs, avoid electrical fires and prevent shock. The popularity of this concept is mainly due to the fact that they help an organization to gain competitive advantage and create a safer environment for the labours to work. Furthermore, a key factor driving the market for power management system is the increasing amount of governme ....