Global Transformer Monitoring Systems Revenue Has Grown From 1.23 Billion USD In 2013 To 1.72 Billion USD By The End Of 2017

New report published by Global Info Research which offers insights on the global Transformer Monitoring System market.

A transformer is an electrical equipment that helps in varying the voltage of the electric current. This stepping up and stepping down of the voltage is especially important when a safe amount of electric current is required to be supplied to the end users. In order to ensure continuous and safe transmission of electricity from the power generation plant to the end users, the transformers utilized for this purpose have to be monitored continuously in real time. This is achieved by installing a transformer monitoring system within a transformer housing. Requirement of a transformer monitoring system is especially important when faults and anomalies within the grid or circuit have to be detected before the complete breakdown of the transformer occurs. These transformer monitoring systems are especially prevalent in areas where the supply of electric power is erratic and power outages are common, thereby signifying a healthy demand for the system in the third world countries.

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Global Transformer Monitoring System Market: Forecast by Type / Application / Region

The major players in global market include: ABB, GE, Siemens, Eaton, Alstom, Weidmann, Schneider Electric, Mitsubishi, Koncar, Schweitzer Engineering Laboratories, LGOM.

On the basis of product, the Transformer Monitoring System market is primarily split into:DGA devices, Bushing monitoring , Temperature via fiber optic , Monitoring integrators, Others.

On the basis on the end users/Application, this report covers: Power Generation Transformer, Transmission & Distributor Transformer, Others.

As international economic situation is complicated, in the next few years there will be many uncertainties. Due to the government’ policy and the high sales of Transformer Monitoring System in the international market, the current demand for Transformer Monitoring System product is relatively stable in the mature market, such as North America and Europe, but the demand in Asia-Pacific is relatively higher due to the downstream demand.

Transformer Monitoring Systems revenue has grown from 1.23 billion USD in 2013 to 1.72 billion USD by the end of 2017, and is forcested to reach 2.97 billion USD in 2023 with a CAGR of 9.48%

Transformer Monitoring System is mainly manufactured and sold by ABB, GE, Siemens, Eaton, Alstom, Weidmann, Schneider Electric, Mitsubishi, Koncar, Schweitzer Engineering Laboratories, LGOM ; and these companies occupied about 83.96% market share in 2017.

Geographically, Europe is the largest consumption market in the world, which took about 37.49 percent of global total revenue.

Although sales of Transformer Monitoring System brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Transformer Monitoring System field hastily.

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Related Information:
United States Transformer Monitoring System Market 2018 Forecast to 2023
Europe Transformer Monitoring System Market 2018 Forecast to 2023
North America Transformer Monitoring System Market 2018 Forecast to 2023
Asia-Pacific Transformer Monitoring System Market 2018 Forecast to 2023
China Transformer Monitoring System Market 2018 Forecast to 2023
EMEA Transformer Monitoring System Market 2018 Forecast to 2023
Global Transformer Monitoring System Market 2018 Forecast to 2023

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