Transformer Monitoring & Diagnostic System (TMDS) Market to See Massive Growth by 2029

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.

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.

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Market Coverage

• The market number available for - 2021-2029

• Base year- 2021

• Forecast period- 2023-2029

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.

Transformer Monitoring & Diagnostic System (TMDS) Market Report Segment

By Product Type

• Power Transformers

• Distribution Transformers

By Application

• Residential

• Commercial

• Industrial

A full Report of Transformer Monitoring & Diagnostic System (TMDS) Market is Available @ https://www.omrglobal.com/industry-reports/transformer-monitoring-and-diagnostic-system-tmds-market

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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