Transformer monitoring systems are created to gather, aggregate, handle and analyze data for a single transformer. Transformer monitoring systems has the ability to monitor the voltage, temperature, and current to avoid the loss owing to fluctuation in the values. These systems have incorporated battery backup which avoids system failure in case there is black out. For the purpose of problem diagnosis, smooth working and better maintenance of the equipment, the monitoring is a vital part of a transformer. The demand for transformer monitory system increases because of the popularity and development of electricity over the past few years. The rising industry analysis transformer monitoring system market share has created various opportunities for growth. This industry's rising demand is owing to the industrial manufacturing units, rising technological advancements, and the swift adoption of electrical and electronic devices. The market trends are needed for the rising energy needs. Transformers are used to control the flow of electricity. These are important in places where high voltage is needed. The escalating demand for transformers creates a subsequent demand for the transformer monitoring system. The surging demand for market trends is the digitization of power services. The digitalization of power utilities is majorly responsible for the growth of analytical machine learning. Artificial intelligence and robotics equipment also propel the growth of power utilities. The power utilities are beneficial for the drive and growth of the transformer monitoring system market. The smart grid improves the adaptability and resilience of electricity grids and supporters in the grid integration of renewable energy sources. However, the huge cost incurred in the installation of transformer monitoring systems will hamper the market growth.

Big data analytics and integration of enhanced control systems to make the transformer monitoring system more reliable is also projected to contribute to the market growth. Furthermore, the latest trends in the transformer monitoring systems market are the present enthusiasm in replacing conventional procedures used in power transformer monitoring systems with the non-intrusive estimates, for example, polarization/depolarization current estimation, frequency domain spectroscopy, recovery voltage measurement, etc. These innovations in the products are projected to create lucrative opportunities for the global market over the estimated time period.

The global Transformer Monitoring System Market is segregated on the basis of Type as Hardware Solutions and IT Solutions. Based on Application the global Transformer Monitoring System Market is segmented in Distribution Transformers, Power Transformers and Others. Based on Service the global Transformer Monitoring System Market is segmented in Oil/Gas Monitoring, Bushing Monitoring and Others.

The global Transformer Monitoring System Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Transformer Monitoring System Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

ABB Ltd., Eaton Corporation PLC, General Electric, HZ Electric Inc, Honeywell International Inc and others are among the major players in the global Transformer Monitoring System Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In Feb 2020, the Power management company Eaton announced that it has finished the acquisition of Power Distribution, Inc. (PDI). Eaton’s intention is to improve the quality of life and the environment with the use of power management technologies and services. These companies offer sustainable solutions which help their customers effectively manage electrical, hydraulic, and mechanical power – more efficiently, more safely and more reliably.
• In April 2019, ABB new field-tested model-based monitoring system is integrated within standard substation equipment and depicted in MicroSCADA Pro. This unique approach allows an asset’s performance to be assessed while in actual service as well as imminent faults to be identified.
• In July 2019, Nepal Electricity Authority (NEA) declared its plans to install smart transformer monitoring systems for monitoring its substations and big transformers in the nation. This will allow the authority to access data of substation about loading, off pick loading, pick loading and voltage.

The global Transformer Monitoring System Market has been segmented as below:

Transformer Monitoring System Market, By Type

• Hardware Solutions
• IT Solutions

Transformer Monitoring System Market, By Application

• Distribution Transformers
• Power Transformers
• Others

Transformer Monitoring System Market, By Service

• Oil/Gas Monitoring
• Bushing Monitoring
• Others

Transformer Monitoring System Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Transformer Monitoring System Market, By Company

• ABB Ltd.
• Eaton Corporation PLC
• General Electric
• HZ Electric Inc
• Honeywell International Inc
• KJ Dynatech Inc
• Kirloskar Electric Company Limited
• Mitsubishi Corporation
• Ningbo Ligong Online Monitoring Technology Co., Ltd
• S&C Electric Company
• Schneider Electric
• Schweitzer Engineering Laboratories, Inc
• Shanghai Kai People Electric Co., Ltd.
• Siemens AG
• Wilson Transformer Company

The report covers the below scope:

• Global Transformer Monitoring System Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Transformer Monitoring System Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Transformer Monitoring System Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Transformer Monitoring System Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Transformer Monitoring System Market share. Major industry players with significant revenue share include ABB Ltd., Eaton Corporation PLC, General Electric, HZ Electric Inc, Honeywell International Inc and others.

Why to Buy this Report:

• Gain detailed insights on the Transformer Monitoring System industry trends
• Find complete analysis on the market status
• Identify the Transformer Monitoring System Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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