Global transformer monitoring system market is valued approximately at USD 3.8 billion in 2017 and is anticipated to grow with a healthy growth rate of of more than 12.77 % over the forecast period 2018-20252019-2026. Transformer monitoring systems could be used to diagnose and monitor the health of transformers and these systems helps the end-users to identify and detect failures in transformers that would reduce the repairing costs. The evolution of bigdata analytics and internet of things have spurred the demand for digitalization of utilities and to promote smart grids which would drive the demand for transformer monitoring systems. Further, the installation of a huge number of distributor transformers for fulfilling the ever-increasing need for power distribution and transmission in a cost-effective manner, is also driving the growth of the market. However, high cost associated with the transformer monitoring systems is expected impede the market growth during the forecast period.
The regional analysis of global transformer monitoring system market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to capacity addition and enhancement plans of the utilities. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2018-20252019-2026 due to increasing investment in smart grids in developing countries such as India, China and Japan.
Major market player included in this report are:
Eaton Corporation PLC.
Honeywell International, Inc
Kirloskar Electric Company Limited
S&C Electric Company
Shanghai Kai People Electric Co., Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Transformer Monitoring System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers