Global Transformer Testing Equipment Market: Overview
Power and distribution transformers are cost-intensive and important equipment of electrical power distribution and transmission. Hence, the operation of transformers needs to ensure error-free and continuous power supply. Transformer testing equipment helps keep the record of the working and errors of the transformer. Transformer testing equipment comprises intensive test modules or systems used to monitor and test electrical and mechanical parameters of transformers and related devices. Transformers can give reliable service for long period of time if they are serviced and maintained regularly. Transformer testing equipment is devised for maintenance of basic loss measurement systems to complete production line testing.
Transformer testing equipment consists of loss management equipment, frequency analysis equipment, megohmmeters, turns ratio testing, applied potential testing, and other transformer testing applications. The equipment, which reverts to frequency analysis, helps identify faults caused due to the movement of windings in most power and distribution transformers. Frequency analysis transformer test equipment are portable and compact devices that identify faults caused by loose clamping structure, shipping damage, other common frequency disruptions, and aging. Test equipment for loss management are self-contained movable systems that are devised for testing single-phase transformers. Such types of transformer test equipment are well-suited for use in fields, transformer yards, or shops. Loss management transformer test equipment measures load losses, excitation current, impedance voltage, and efficiency percentages.
Transformer test equipment can be used to test transformers for routine tests, special tests of transformer, and pre-commissioning test of transformers. The routine test of transformer is primarily carried out to assure the operational performance of the single unit in a production lot. The pre-commissioning test of the transformer is performed before the actual commissioning of the transformer on-site. This test helps analyze the functioning of the transformer after installation. It also helps examine the test results of all the low voltage tests with factory test reports. The special test of the transformer is done as per client’s requirement to ensure the proper operation of the transformer. Maintenance is scheduled if the results are not adequate.
Global Transformer Testing Equipment Market: Key Segments
The global transformer testing equipment market can be segmented based on product, end-user, and region. Based on product, the market can be bifurcated into high power transformer test system, turns ratio testing, transformer resistance testing, complete transformer test system, current transformer testing, and others. In terms of end-user, the market can be categorized into residential societies, refineries, power generation stations, railways, steel plants, transmission & distribution stations, commercial offices, and others.
Global Transformer Testing Equipment Market: Regional Analysis
Based on region, the global transformer testing equipment market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global transformer testing equipment market during the forecast period owing to the increase in industrialization and urbanization in the region, especially in China and India. The transformer testing equipment market in North America and Europe is anticipated to expand at a rapid pace during the forecast period. Latin America and Middle East & Africa are expected to account for small share of the global transformer testing equipment market during the forecast period.
Global Transformer Testing Equipment Market: Key Players
Key players operating in the global transformer testing equipment Market include Megger, Doble Engineering Company, DV Power, SMC int., Eltel Industries., Kolektor ETRA, VASAVI ELECTRONICS, and Hubbell.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.