DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gchnk3/global) has announced the addition of the "Global Transformer Monitoring Solutions Market 2015-2019" report to their offering.
The Global Transformer Monitoring Solutions market to grow at a CAGR of 46.09% over the period 2014-2019.
The report, Global Transformer Monitoring Solutions market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the market.
Increased monitoring of distribution transformer is one of the key trends upcoming in the market. The power utility company has started using secondary transformer monitors, which are used to monitor pole-mounted, vault, and pad-mounted distribution transformers.
According to the report, the need for replacement and upgrading of aging transformers is one of the major drivers for the market. This replacement and upgrading of transformers all over the globe is propelling the demand for transformer monitoring solutions.
Further, the report states that the lack of awareness of transformer monitoring solutions is one of the major challenges in this market. The end-users such as utilities and industrial are not well informed about the availability and benefits of these monitoring solutions.
To calculate the market size and vendor share, the report considers the following:
- Sales of transformer monitoring solutions
- Provision of support
- Provision of maintenance
Other Prominent Vendors
- Advanced Power Technologies
- BPL Global
- Cooper Power Systems
- Crompton Greaves
- Dynamic Ratings
- Elster Group
- Hyosung Power & Industrial Systems Performance Group
- Hyundai Heavy Industries
- Mitsubishi Electric
- Schneider Electric
- Tebian Electric Apparatus Stock
- XD Group
For more information visit http://www.researchandmarkets.com/research/gchnk3/global