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Higher traction in transformer monitoring systems to steer the global market revenue growth by more than 2.6x during 2017-2027

12-14-2018 06:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Higher traction in transformer monitoring systems to steer

Recent market study on transformer monitoring systems has uncovered global aspects influencing the growth of the market in a new publication titled “Transformer Monitoring System Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, skilfully crafted by Future Market Insights. The research report unveils in-depth analysis on numerous factors along with key participants involved in transformer monitoring systems. Key trends, drivers, developments and innovations and restraints have been included in this research report that impact the growth of the global market for transformer monitoring systems. An all-inclusive angle of the global transformer monitoring system market has been assessed with a weighted market segmentation that covers every aspect of the market. Along with historical data representations and current scenario of the global market, future market insights have been deduced for a period of 10 years starting from 2017 till 2027.

Global Transformer Monitoring System Market: Forecast Analysis

The global market for transformer monitoring system market is anticipated to register significant growth during the forecast period, 2017-2027. Research says that the global transformer monitoring system market is projected to grow at a stellar CAGR of 10.4% during the period of assessment to reach a value of more than US$ 3 Bn by the end of the assessment year from a valuation of US$ 1346.3 Mn in 2017.

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Global Transformer Monitoring System Market: Segmental Snapshot

The global transformer monitoring system market is segmented by product, by installation type, by application, by end use and by region.

By product type, the market is segmented by hardware and software. Hardware is further categorized by direct winding transformer monitors and intelligent transformer monitors. Of these, the digital winding transformer monitors segment is leading in terms of high market value and is expected to grow at a high value CAGR of 10.4% throughout the period of assessment. The software segment is expected to register a CAGR of 10.3% during 2017-2027 and is estimated at US$ 277.6 Mn in 2017

By installation type, retrofit segment is expected to reflect high market valuation by the end of the period of assessment. However, the new installation segment is poised to grow at a comparatively faster pace to register a CAGR of 11.0% throughout the period of assessment

By application, the bushing monitoring segment is dominating the market and is expected to provide huge opportunities to players in the coming years. It is projected to rise at a CAGR of 12.1%

By end use, power transformers segment shows high market attractiveness during the period of forecast. The distribution transformers segment, on the contrary, is expected to grow at a higher pace in the years to follow to register a CAGR of 10.7%

By region, Asia Pacific excluding Japan (APEJ) is expected to show high potential for the growth of transformer monitoring systems. The transformer monitoring system market in APEJ is expected to lead the global market in terms of value and is estimated to showcase a high valuation of about US$ 1.2 Bn by 2027 end

Global Transformer Monitoring System Market: Factors Impacting Revenue Growth

Ageing power infrastructure, increasing need for monitoring large and complex power networks, rising demand for retrofit installations, increasing renewable energy penetration to accelerate demand for transformer monitoring systems, rising focus on grid reliability, emerging green power transformers, rising electricity consumption, expanding wind and solar energy sectors, rising investment in power systems network, investment in smart grid infrastructure by utilities and reforms to strengthen electricity infrastructure have propelled the growth of the global transformer monitoring system market. However, factors such as high installation costs of transformer monitoring systems, unpredictable regulations and policies and capital supply constraints have challenged the growth of the global market for transformer monitoring systems.

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Global Transformer Monitoring System Market: Competition Analysis

The research report on global transformer monitoring system market includes a detailed market assessment that includes competition tracking along with key developments undertaken by the competitor, SWOT analysis, company overview, strategies undertaken, mergers and acquisitions, product portfolios etc. Major Companies such as ABB Group, Siemens AG, General Electric, Mitsubishi Electric Power Products, Inc., Eaton Corporation, Hitachi Ltd., Qualitrol Company LLC, Koncar-Electrical Engineering Institute Inc., Maschinenfabrik Reinhausen GmbH (MR), CETT Co., Ltd., Groupe Cahors, Camlin Power, MTE Meter Test Equipment AG and Advanced Power Technologies LLC have been assessed during the course of the research.

ABOUT US:
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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