+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Transformer Monitoring System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026

Pre Book Price: $ 5216

Original Price: $ 5795

Transformer control, monitoring and communication systems help in enhancing system and process reliability with proper implementation and design. The transformer monitoring system helps in improving safety and provides reduction in cost with private power producers and industries. Some of the key advantages of transformer monitoring systems are that it provides all time monitoring of the functioning of the transformer. The usage of the transformer monitoring system is dependent on certain conditions which involve loading conditions, power ratings. Focus of investment into digitization and smart grids are expected to further drive the demand for transformer monitoring systems. Further the transformer monitoring systems provides early intimation in case of a malfunctioning of the transformer. It provides lower risk in expensive power outages, reduced on-site inspection, improving the life of the transformer as the transformer monitoring systems helps in faster reaction time and improves preventive maintenance and better faster reaction in times of failures. Some of the factors which are driving the transformer monitoring systems include growing demand for smart grid initiatives and digitalization of the power utilities. Some of the factors which are restraining the demand for transformer monitoring systems are high cost and low acceptance and awareness of transformer monitoring system. Growing application of offshore wind farms and growth in big data analytics are some of the key opportunity in driving the transformer monitoring system in the near future. Moreover, rise in power cuts in countries across the world has led the rise in demand for transformer monitoring systems market. Manufacturing sector require continuous power supply thus there will be requirement for transformer monitoring systems for better monitoring of the transformers to ensure better management. 

The transformer monitoring system market by application could be segmented into power transformers, distribution transformers and others. The power transformer segment in the transformer monitoring system market segmented by application led the market in 2015. Strict government regulation for controlling the transmission networks and monitoring is driving the demand for transformer monitoring systems. The transformer monitoring system market by type could be segmented into hardware solution and IT Solutions. Oil and gas monitoring, which is also termed as Dissolved Gas Analysis (DGA), is the most widely used monitoring services for transformers. Thus growing application of transformer monitoring system in the oil and gas industry is driving the demand for transformer monitoring systems. The application of transformer monitoring systems is higher for distribution transformers. Distribution and power transformers are the most important part of electrical power distribution and transmission infrastructure. 

Geographically the global transformer monitoring systems market could be broadly segmented into North America, Asia Pacific, Europe, Middle East and Africa and South America. Asia Pacific held the largest market share in the transfer monitoring system market in 2015. Presence of countries like China and India which focuses a significant share of their investment in smart grids is driving the demand for transformer monitoring systems in Asia Pacific. North America and Europe followed Asia Pacific in the transformer monitoring system market. Growth in usage of transformer monitoring in industrial process is driving the transformer monitoring system market in Europe. Many large scale construction projects are underway in the Middle East which requires large transformers. These transformers require constant monitoring, thus driving the demand for transformer monitoring systems in the region.   

The key players operating in the global transformer monitoring market includes Eaton Corporation Plc. (Ireland), ABB Ltd. (Switzerland), General Electric (U.S.), Siemens AG (Germany) and Schneider Electric (France). Others key players operating in the transformer monitoring system include BPL Global (U.S.), Advanced Power (Switzerland), Dynamic Rating (U.K), Crompton Greaves (India), Elster Group (Germany), Hyundai Heavy Industries (South Korea), XD Group (China), Mitsubishi Electric Japan and Tebian Electric Apparatus (China).  

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


To receive discount, please click on the button below.

Please click on the button below to customize this report.

 
 
Back To Top