DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3kc88z/global) has announced the addition of the "Global Transformer Monitoring Solutions Market 2014-2018" report to their offering.
Global Transformer Monitoring Solutions Market Expected To Grow At A CAGR Of 45.40 Percent Over The Period 2013-2018
Commenting on the report, an analyst from the team said: In order to sustain and compete in the overall market, vendors are increasingly developing new and advanced monitoring systems with enhanced functionalities. Such smart monitoring systems include a DGA, a built-in simulator, and expert system software, which enable the monitoring process to be carried out more effectively and efficiently. Therefore, the development of next-generation transformer monitoring systems is expected to drive the growth of the market during the forecast period.
The main driver is the increasing demand for electricity across the globe. The increasing need for a continuous power supply has led to the setting up of a large number of power stations or substations that require the installation of step-up and step-down power transformers, which need continuous monitoring to detect and identify any system failure.
The high price of transformer monitoring systems is one of the major challenges in the market. The installation of transformer monitoring systems requires a huge investment, which makes end-users reluctant to adopt monitoring systems.
Key Topics Covered
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Market Segmentation by Application
8. Geographical Segmentation
9. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
- Schneider Electric
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