Transformer Monitoring & Diagnostic System (TMDS) Market to Witness Robust Expansion by 2028

The global TMDS market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. Transformers improve the safety and efficiency of power systems by rising and lowering voltage levels as and when required. These are used in a wide range of residential and industrial applications most importantly in the distribution and regulation of power across long distances. Power transformers constitute a significant asset for the owner and the impact of an unexpected failure or outage can have consequences of enormous proportions. The advancement in transformer monitoring & diagnostic system offers early signs of deterioration of the system thereby making it possible to extend the life of certain units, by continuous on-line monitoring. TMDS provides the up-to-date accurate and detailed information needed to carry out a proper diagnosis and assessment of the health of the system.

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Transformer monitoring requires the integration of sensors, data management, and analysis to turn sensor data into useful knowledge, and then an overlay of software applications to turn knowledge into actionable information. An appropriate transformer monitoring & diagnostic system help utilities avoid unplanned failures, lower maintenance costs, and extend useful transformer life. Thus the growing application of the TMDS system in the transmission and distribution line and enhanced features such as remote monitoring of transformers, and advanced warning system for possible defects in TMDS is driving the market growth. For instance, Siemens offers a TMDS system, which is multiple engineering models with advanced techniques of statistical learning, leveraged with advanced monitoring concepts. It is designed to provide transformer monitoring and diagnostics for transformers in a substation or across multiple substations. TMDS turns transformer monitoring data into actionable information by translating combustible dissolved gas, bushing capacitance deviation, moisture, and other sensor-measured data into diagnostic and prognostic messaging.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028

Segment Covered- 

By Product Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including Siemens Gas and Power GmbH & Co. KG, ABB Group, Advanced Power Technologies, Camlin Group, EMCO ELECTRONICS, Eaton Corp., and others.

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Transformer Monitoring & Diagnostic System (TMDS) Market Report Segment

By Product Type

Power Transformers
Distribution Transformers

By Application

Residential
Commercial
Industrial

Transformer Monitoring & Diagnostic System (TMDS) Market Report Segment by Region

North America                                                                                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles 

ABB Group
Advanced Power Technologies
Camlin Group
Eaton Corp.
EMCO ELECTRONICS
Honeywell International Inc.
HZ Electric Supply
KJ Dynatech Inc.
Qualitrol Company LLC
S&C Electric Co.
Siemens Gas and Power GmbH & Co. KG
The General Electric Company
Weidmann Electrical Technology AG
Wilson Transformer Company Pty Ltd.

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