Transformer Monitoring System Market - Global Trends & Forecast to 2021

The transformer monitoring system market is expected to grow from an estimated USD 1.47 Billion in 2016 to USD 2.68 Billion by 2021, registering a CAGR of 12.77% from 2016 to 2021. The global market is witnessing significant growth due to digitalization of utilities, renewable investments, and smart grid initiatives. Digitalization of utilities is the major factor driving the demand for transformer monitoring solutions.

Browse 69 market data tables and 45 figures spread through 144 pages and in-depth TOC on “Transformer Monitoring System Market”
https://www.marketsandmarkets.com/Market-Reports/transformer-monitoring-system-market-197443553.html

The power transformer segment is expected to hold the largest share of the transformer monitoring system market, by application, during the forecast period
The power transformers segment is the largest in the applications of the transformer monitoring system market. This share is attributed to grow because of government regulations targeting the monitoring and control of the transmission networks. Remote monitoring is also a key focus area in most countries, which is driving the market.

Oil/Gas monitoring is the largest segment for services in the global transformer monitoring system market
Oil/Gas monitoring, also known as Dissolved Gas Analysis (DGA), is the most common monitoring services for transformers, and has the largest share in the transformer monitoring system market. Other key services in the market include bushing monitoring and partial discharge monitoring, which are expected to have high-growth opportunities during the forecast period. Partial discharge analysis offers predictive maintenance instead of reactive maintenance before the actual fault occurs, leading to lesser downtime.

Asia-Pacific: The leading market for transformer monitoring system
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 part of their plans for installing new transformers. Moreover, countries such as India and China have invested heavily in smart grids, in turn boosting the demand for transformer monitoring solutions.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=197443553

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the transformer monitoring system market. These players include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Schneider Electric (France), and Siemens AG (Germany).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

This release was published on openPR.