The transformer monitoring system market is projected to reach USD 2.68 billion by 2021, growing at a CAGR of 12.77% from 2016 to 2021.
The usage of transformer monitoring systems is based on different working conditions, such as power ratings, loading conditions, and areas of applications. Digitalization of utilities, renewable investments, and smart grid initiatives are expected to drive the transformer monitoring system market. Cost barriers is a restraint for established transformer monitoring system manufacturers.
Power transformer is the largest segment, based on application, of the transformer monitoring system market. This share is attributed to government regulations targeting the monitoring and control of transmission networks. Remote monitoring is also a key focus area in most countries, which is driving the market.
In this report, the transformer monitoring system market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to be the largest market for transformer monitoring solutions; the region has the most number of developing economies with high capacity addition planned during the forecast period. Utilities are expected to adopt monitoring solutions as a part of their plans for installing new transformers. Moreover, countries such as India and China have invested highly in smart grids, in turn boosting the demand for transformer monitoring solutions.
- ABB Ltd.
- Eaton Corporation PLC
- General Electric
- HZ Electric Inc
- Honeywell International Inc
- KJ Dynatech Inc
- Kirloskar Electric Company Limited
- Mitsubishi Corporation
- Ningbo Ligong Online Monitoring Technology Co., Ltd
- S&C Electric Company
- Schneider Electric
- Schweitzer Engineering Laboratories, Inc
- Shanghai Kai People Electric Co., Ltd.
- Siemens AG
- Wilson Transformer Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Transformer Monitoring System Market, By Type
7 Transformer Monitoring System Market, By Application
8 Transformer Monitoring System Market, By Service
9 Transformer Monitoring System Market, By Region
10 Competitive Landscape (Page No. - 118)
11 Company Profiles
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