The report "Transformer Monitoring System Market by Type (Hardware Solutions and IT Solutions), Application (Distribution Transformers, and Power Transformers), Service (Oil/Gas Monitoring, and Bushing Monitoring), and Region - Global Forecast to 2021 projects a growth of 12+ % CAGR
Browse 73 market data tables and 58 figures spread through 198 pages and in-depth TOC on“Transformer Monitoring System Market by Type (Hardware Solutions and IT Solutions), Application (Distribution Transformers, and Power Transformers), Service (Oil/Gas Monitoring, and Bushing Monitoring), and Region - Global Forecast to 2021”http://www.reportsnreports.com/reports/743702-transformer-monitoring-system-market-by-type-hardware-solutions-and-it-solutions-application-distribution-transformers-and-power-transformers-service-oil-gas-monitoring-and-bushing-monitoring-and-region-st-to-2021.html
The report provides a picture on transformer monitoring system across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, application, service, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
The report identifies and addresses key markets for transformer monitoring system market, which is useful for suppliers to review the growth in demand for the product.
The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.
The transformer monitoring system market is projected to reach USD 2.68 billion by 2021, growing at a CAGR of 12.77% from 2016 to 2021. The usage of transformer monitoring systems is based on different working conditions, such as power ratings, loading conditions, and areas of applications. Digitalization of utilities, renewable investments, and smart grid initiatives are expected to drive the transformer monitoring system market. Cost barriers is a restraint for established transformer monitoring system manufacturers.
Power transformer is the largest segment, based on application, of the transformer monitoring system market. This share is attributed to government regulations targeting the monitoring and control of transmission networks. Remote monitoring is also a key focus area in most countries, which is driving the market.
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In this report, the transformer monitoring system market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to be the largest market for transformer monitoring solutions; the region has the most number of developing economies with high capacity addition planned during the forecast period. Utilities are expected to adopt monitoring solutions as a part of their plans for installing new transformers. Moreover, countries such as India and China have invested highly in smart grids, in turn boosting the demand for transformer monitoring solutions.
Scope of the Report:
- By Type
- By Application
Others (Generator Transformer and Specialty Transformer)
- By Service
Others (Temperature Monitoring and Partial Discharge Monitoring)
- By Region
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