DUBLIN--(BUSINESS WIRE)--The "Transformer Monitoring Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to this 8th edition of the report. The 376-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Transformer Monitoring Systems Market to Reach $4.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Transformer Monitoring Systems estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$4.4 Billion by 2027, growing at aCAGR of 11.5% over the period 2020-2027.
Hardware Solutions, one of the segments analyzed in the report, is projected to record 10.3% CAGR and reach US$2.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the IT Solutions segment is readjusted to a revised 13.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $554.2 Million, While China is Forecast to Grow at 15.1% CAGR
The Transformer Monitoring Systems market in the U.S. is estimated at US$554.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$939.5 Million by the year 2027 trailing a CAGR of 14.9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 9.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.
Competitors identified in this market include, among others:
- ABB Ltd.
- Eaton Corporation PLC
- General Electric Company
- Honeywell International, Inc.
- HZ Electric Supply Co.
- Kirloskar Electric Co. Ltd.
- KJ Dynatech Inc.
- Mitsubishi Corporation
- Ningbo Ligong Online Monitoring Technology Co. Ltd.
- S&C Electric Company
- Schneider Electric SA
- Schweitzer Engineering Laboratories
- Siemens AG
- Wilson Transformer Company
Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/8kq6fc