Press Resease

Transformer Monitoring System Market (By Type: Services and Hardware; For Transmission & Distribution Transformer, Power Generation Transformer, and Other Applications): Global Industrial Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022

Published Date: 08-Sep-2017 Category: Energy & Mining Report Format : PDF Pages: 120 Report Code: ZMR-2199 Status : Published

Global transformer monitoring system market is expected to reach USD 2.53 billion in 2022, growing at a CAGR of 11.7% between 2017 and 2022.

Description

The report covers forecast and analysis for the transformer monitoring system market on a global and regional level. The study provides historic data from 2014 to 2016 along with a forecast from 2017 to 2022 based on revenue (USD billion). The study includes drivers and restraints for the transformer monitoring system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the transformer monitoring system market on a global level.

In order to give the users of this report a comprehensive view on the transformer monitoring system, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the transformer monitoring system market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the Transformer Monitoring System market by segmenting the market based on equipment and end users. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Key application segments covered under this study include transmission & distribution transformer, power generation transformer, and others. On the basis of type, the market has been segmented into services and hardware solution. The regional segmentation includes the current and forecasted demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into 18 countries such as the U.S., Canada, Mexico, the U.K., France, Germany, Russia, Poland, Ukraine, China, India, Japan, South Korea, ASEAN, Brazil, Argentina, GCC, South Africa, and others. This segmentation includes demand for transformer monitoring system based on individual applications and types in all the regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Some of the major players involved in the global transformer monitoring system market include  ABB Ltd., Eaton Corporation PLC, General Electric., Honeywell International Inc., HZ Electric Inc., KJ Dynatech Inc., S&C Electric Company, Schneider Electric, Schweitzer Engineering Laboratories, Inc., Shanghai Kai People Electric Co., Ltd., Mitsubishi Corporation, Ningbo Ligong Online Monitoring Technology Co., Ltd., Siemens AG and Wilson Transformer Company

This report segments the global Transformer Monitoring System market as follows:

Transformer Monitoring System Market: Type Analysis

  • Services
  • Hardware

Transformer Monitoring System Market: Applications Analysis

  • Transmission & Distribution Transformer
  • Power Generation Transformer
  • Others

Transformer Monitoring System Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1 Preface
    • 1.1 Report description
      • 1.1.1 Objective
      • 1.1.2 Target Audience
      • 1.1.3 Unique Selling Proposition (USP) & Offerings
    • 1.2 Research scope
    • 1.3 Market Research Methodology
      • 1.3.1 Level 1: Primary Research
      • 1.3.2 Level 2: Secondary Research
      • 1.3.3 Level 3: Data Validation and Expert Panel Assessment
  • Chapter 2 Executive Summary
    • 2.1 Global Transformer Monitoring System Market, 2014 - 2022 (USD Billion)
    • 2.2 Global Transformer Monitoring System Market: Snapshot
  • Chapter 3 Transformer Monitoring System – Industry Analysis
    • 3.1 Introduction
      • 3.1.1 Classification of Transformer Monitoring System
      • 3.2.2 Key Trend Analysis
    • 3.3 Market drivers
      • 3.3.1 Increasing investment in renewables
      • 3.3.2 Smart grid initiatives
    • 3.4 Restraints
      • 3.4.1 Cost barriers
    • 3.5 Opportunities
      • 3.5.1 Development of big data analytics
      • 3.5.2 Offshore wind farms
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Attractive Investment Proposition
      • 3.7.1 Market attractiveness analysis by Type
      • 3.7.2 Market attractiveness analysis by Application
      • 3.7.3 Market attractiveness analysis by Region
  • Chapter 4 Competitive Landscape
    • 4.1 Company market share analysis (Subject To Data Availability)
      • 4.1.1 Global Transformer Monitoring System market: Company Market Share, 2016
    • 4.2 Price Trend Analysis (2014-2022)
    • 4.3 Potential Buyers of Transformer Monitoring System
    • 4.4 Strategic Development
      • 4.4.1 Acquisitions & Mergers
      • 4.4.2 New product launch
      • 4.4.3 Agreements, partnerships, collaborations and joint ventures
      • 4.4.4 Research and development, product and regional expansion
  • Chapter 5 Transformer Monitoring System Market – Type Analysis
    • 5.1 Global Transformer Monitoring System Market Overview: By Type
      • 5.1.1 Global Transformer Monitoring System market share, by Type, 2016 & 2022
    • 5.2 Services
      • 5.2.1 Overview
      • 5.2.2 Global Services Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 5.3 Hardware
      • 5.3.1 Overview
      • 5.3.2 Global Hardware Solution Transformer Monitoring System market, 2014 – 2022 (USD Billion)
  • Chapter 6 Transformer Monitoring System Market – Application Analysis
    • 6.1 Global Transformer Monitoring System Market Overview: By Application Material
      • 6.1.1 Global Transformer Monitoring System market share, by Application, 2016 & 2022
    • 6.2 Transmission & Distribution Transformer
      • 6.2.1 Overview
      • 6.2.2 Global Transmission & Distribution Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 6.3 Power Generation Transformer
      • 6.3.1 Overview
      • 6.3.2 Global Power Generation Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 6.4 Others
      • 6.4.1 Overview
      • 6.4.2 Global Others Transformer Monitoring System market, 2014 – 2022 (USD Billion)
  • Chapter 7 Transformer Monitoring System Market – Regional Analysis
    • 7.1 Global Transformer Monitoring System market: Regional overview
      • 7.1.1 Global Transformer Monitoring System market share, by region, 2016 & 2022
    • 7.2 North America
      • 7.2.1 Overview
      • 7.2.2 North America Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.2.3 North America Transformer Monitoring System market, by Type, 2014 – 2022 (USD Billion)
      • 7.2.4 North America Transformer Monitoring System market, by Application, 2014 – 2022 (USD Billion)
      • 7.2.5 U.S Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.2.6 Canada Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.2.7 Mexico Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 7.3 Western Europe
      • 7.3.1 Overview
      • 7.3.2 Western Europe Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.3.3 Western Europe Transformer Monitoring System market, by Type, 2014 – 2022 (USD Billion)
      • 7.3.4 Western Europe Transformer Monitoring System market, by Application, 2014 – 2022 (USD Billion)
      • 7.3.5 U.K Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.3.6 France Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.3.7 Germany Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.3.8 Rest of Western Europe Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 7.4 Eastern Europe
      • 7.4.1 Overview
      • 7.4.2 Eastern Europe Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.4.3 Eastern Europe Transformer Monitoring System market, by Type, 2014 – 2022 (USD Billion)
      • 7.4.4 Eastern Europe Transformer Monitoring System market, by Application, 2014 – 2022 (USD Billion)
      • 7.4.5 Russia Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.4.6 Poland Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.4.7 Ukraine Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.4.8 Rest of Eastern Europe Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 7.5 Asia Pacific
      • 7.5.1 Overview
      • 7.5.2 Asia Pacific Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.5.3 Asia Pacific Transformer Monitoring System market, by Type, 2014 – 2022 (USD Billion)
      • 7.5.4 Asia Pacific Transformer Monitoring System market, by Application, 2014 – 2022 (USD Billion)
      • 7.5.5 China Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.5.6 Japan Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.5.7 India Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.5.8 South Korea Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.5.9 ASEAN Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.5.10 Rest of Asia Pacific Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 7.6 Latin America
      • 7.6.1 Overview
      • 7.6.2 Latin America Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.6.3 Latin America Transformer Monitoring System market, by Type, 2014 – 2022 (USD Billion)
      • 7.6.4 Latin America Transformer Monitoring System market, by Application, 2014 – 2022 (USD Billion)
      • 7.6.5 Brazil Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.6.6 Argentina Transformer Monitoring System market, 2014 – 2022 (USD Billion)
      • 7.6.7 Rest of Latin America Transformer Monitoring System market, 2014 – 2022 (USD Billion)
    • 7.7 Middle East & Africa
      • 7.7.1 Overview
      • 7.7.2 Middle East & Africa Transformer Monitoring System market, 2016 – 2022 (USD Billion)
      • 7.7.3 Middle East & Africa Transformer Monitoring System market, by Type, 2016 – 2022 (USD Billion)
      • 7.7.4 Middle East & Africa Transformer Monitoring System market, by Application, 2016 – 2022 (USD Billion)
      • 7.7.5 GCC Transformer Monitoring System market, 2016 – 2022 (USD Billion)
      • 7.7.6 South Africa Transformer Monitoring System market, 2016 – 2022 (USD Billion)
      • 7.7.7 Rest of Middle East & Africa Transformer Monitoring System market, 2016 – 2022 (USD Billion)
  • Chapter 8 Company Profiles
    • 8.1 ABB Ltd.
      • 8.1.1 Company Overview
      • 8.1.2 Financial Overview
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Eaton Corporation PLC
      • 8.2.1 Company Overview
      • 8.2.2 Financial Overview
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 General Electric.
      • 8.3.1 Company Overview
      • 8.3.2 Financial Overview
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Honeywell International Inc.
      • 8.4.1 Company Overview
      • 8.4.2 Financial Overview
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 HZ Electric Inc.
      • 8.5.1 Company Overview
      • 8.5.2 Financial Overview
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 KJ Dynatech Inc.
      • 8.6.1 Company Overview
      • 8.6.2 Financial Overview
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 S&C Electric Company
      • 8.7.1 Company Overview
      • 8.7.2 Financial Overview
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Schneider Electric
      • 8.8.1 Company Overview
      • 8.8.2 Financial Overview
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Schweitzer Engineering Laboratories, Inc.
      • 8.9.1 Company Overview
      • 8.9.2 Financial Overview
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Shanghai Kai People Electric Co., Ltd.
      • 8.10.1 Company Overview
      • 8.10.2 Financial Overview
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Mitsubishi Corporation
      • 8.11.1 Company Overview
      • 8.11.2 Financial Overview
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Ningbo Ligong Online Monitoring Technology Co., Ltd.
      • 8.12.1 Company Overview
      • 8.12.2 Financial Overview
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Siemens AG
      • 8.13.1 Company Overview
      • 8.13.2 Financial Overview
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Wilson Transformer Company
      • 8.14.1 Company Overview
      • 8.14.2 Financial Overview
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Transformer Monitoring System market. Zion Research has collected and analyzed key data belong to the global Transformer Monitoring System market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Transformer Monitoring System across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Transformer Monitoring System industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Transformer Monitoring System market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The transformer monitoring system is defined as an assembly of components built together in order to sense and monitor different parameters of a pole mounted transformer or ground transformer that is essential to its functionality. Generally, the transformer monitoring system has the capability of monitoring the transformer’s current, voltage, phase angle, and temperature among others. The overall goal of the transformer monitoring system is to efficiently and accurately read and record valuable information about pole mounted transformer or those which lie on the ground. Transformer monitoring system is a real time device that monitors a transformer. To lower electrical downtime of a power generation unit this device surface approach for a smarter grid system technology.

The transformer monitoring system is segmented on the basis of type and applications. On the basis of type, the global transformer monitoring system market is segmented into services and hardware. Hardware market segment held the largest market share due to huge demand across the globe during the forecast period. Services segment is expected to observe the fastest growth during the forecast period. On the basis of application, the transformer monitoring system market is segmented into transmission & distribution transformer, power generation transformer, and others. Others include specialty transformer and generator transformer. Power generator transformer segment is estimated to account for the largest transformer monitoring system market shares among all the applications. The power transformer is qualified to government policy targeting the monitoring and control of transmission network.

Global-Transformer-Monitoring-System-Market

Increasing demand for renewable investment and smart grid initiatives are expected to remain major driving factors for the growth in transformer monitoring system market. Cost barriers could be restraining factors for the transformer monitoring system market. The global transformer monitoring system market offers new growth opportunities, due to development of big data analytics and offshore wind farms. The technology of transformer monitoring system has been advanced to a location where it can have a major effect on modern life. The growth of power grid network depends on the growth of transformer monitoring system market in any location.

Based on regional segmentation, Asia Pacific was the most attractive and largest market for transformer monitoring system in 2016. In the Asia Pacific region countries such as India and China have registered huge demand for energy requirement making it an attractive aspect for the growth of the transformer monitoring system market. As a part of their plans for installing a new transformer, utilities are expected to implement monitoring solutions. In the developed regions such as North America, Western Europe, and Japan the market of transformer monitoring system may expect a slow growth due to the maturity attained in the power demands and power grid network.

Some of the major players involved in the global transformer monitoring system market include ABB Ltd., Eaton Corporation PLC, General Electric, Honeywell International Inc., HZ Electric Inc., KJ Dynatech Inc., S&C Electric Company, Schneider Electric, Schweitzer Engineering Laboratories, Inc., Shanghai Kai People Electric Co., Ltd., Mitsubishi Corporation, Ningbo Ligong Online Monitoring Technology Co., Ltd., Siemens AG and Wilson Transformer Company

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