LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their latest report on the global transformer monitoring solutions market. This new report will provide expert market insights for the forecast period 2018-2022.
The report will follow up on Technavio’s previous report on the transformer monitoring solutions market research, offering an up-to-date assessment of the market in the context of new developments, recent trends, along with an analysis of present-day competitors.
The upgraded research report on the transformer monitoring solutions market is an integral part of Technavio’s unit operations portfolio. Technavio covers an extensive range of market research reports on the unit operations market, covering different regions and top industry segments. Some of the topics include woodworking machines, power transformers, smart oilfield, pneumatic equipment, and metal casting.
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Transformer monitoring solutions: market full of opportunities
Technavio’s previous report on the global transformer monitoring solutions market projected that APAC showed the highest potential with a market share of nearly 44% when compared to the Americas and EMEA. The APAC market is anticipated to grow at a rapid pace owing to power utilities’ increasing incorporation of monitoring solutions into their existing transformers. The emergence of countries such as India and China, as the fastest developing nations in the region, will foster the need for efficient electric power supply, which in turn will result in market growth.
In the previous report, a senior research analyst at Technavio stated, “The augmented demand for electric power from developing nations is expected to drive growth in the market. Transformer monitoring solutions are used to monitor and diagnose the health of a transformer. A monitoring solution aids in detecting and identifying failures in transformers, which, in turn, reduces the repairing cost.”
Technavio’s new on the report on the global transformer monitoring solutions market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Market opportunities and factors impeding growth
- Emerging trends in the market
The report on the global transformer monitoring solutions market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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