Transformer Monitoring System Market - Global Industry Analysis

Transformer Monitoring System Market: Overview    

The global Transformer Monitoring System market accounted for USD 2805.7 Billion in 2020 and is expected to reach USD 4218.9 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.   

Key enhancing factors for the occurrence of the transformer monitoring system market are rising smart grid initiatives and the increasing requirement for renewable investment. The worldwide transformer monitoring system market provides new growth avenues, encouraging the development of offshore wind farms and large data analytics. Cost challenges could be limiting factors for the event transformer monitoring system market. The event of the power system network in any location relies on the event of the transformer monitoring system market. The tech of the transformer monitoring system has been enhanced to a location where it can have a foremost impact on modern life, thereby augmenting the event of the transformer monitoring system market. for instance, in 2018, GE declared a replacement inclusion to its comprehensive transformer monitoring & diagnostics solutions portfolio.

COVID-19 Impact Analysis

Due to government-imposed lockdowns to prevent the spreading of COVID, the global Transformer Monitoring System industry has seen a small decrease in revenues in the short term. This emergency has brought numerous issues to multiple industries, including the Transformer Monitoring System Market, However, with the government and several other companies' right support, the industry is recovering and thriving. During the forecast period, it is anticipated that the industry remains working for growth and to get more revenues.

Growth Factors

Rising electricity requirements due to an increasing population have increased investments for the expansion of the existing power grids as well as for the construction of new power infrastructure in developed and developing countries. Additionally, various initiatives taken by the energy sector are driving the expansion of the transformer monitoring system market. For example, together with the electrical utility industry, equipment suppliers, IT operators, federal and state governments, colleges, advocacy organizations, and national laboratories, the US electrical system announced its "Grid 2030" vision.

Report Scope: 

Segment Analysis Preview 

The transformer monitoring system market is split based on applications and type, the worldwide transformer monitoring system market is split into hardware solutions and services. The hardware solution segment of the transformer monitoring system market held the most important share due to huge requirements during the forecast period everywhere on the planet. The services sector is probably going to ascertain the quickest growth in the transformer monitoring system market during the forecast period.

Regional Segment Analysis Preview 

The Asia Pacific was the most important and most engaging area in the transformer monitoring system market that dominates the worldwide industry. within the Asia Pacific area, nations like China and India have clocked higher requirements in energy making it an attention-grabbing view for the event the transformer monitoring system market. within developed areas like Western Europe, North America, and Japan, the transformer monitoring system market might anticipate a slow development thanks to the maturity attained within the power system network and power demands. As a fraction of their plans for fixing a replacement transformer, utilities are likely to use a monitoring solution, boosting the transformer monitoring system market.

Key Market Players & Competitive Landscape

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.

The global Transformer Monitoring System Market is segmented as follows:

By Type

• Services
• Hardware

By Application

• Transmission & Distribution Transformer
• Power Generation Transformer
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter No. 1 Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2 Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Type
      • 2.1.1.2. Market Attractiveness Analysis, By Application
      • 2.1.1.3. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Transformer Monitoring System Market, 2016 – 2028 (USD Billion)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3 COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4 Transformer Monitoring System Market – Type Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
  • 4.2. Services
    • 4.2.1. Market Size and Forecast, By Region (USD Billion)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Hardware
    • 4.3.1. Market Size and Forecast, By Region (USD Billion)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Transformer Monitoring System Market – Application Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
  • 5.2. Transmission & Distribution Transformer
    • 5.2.1. Market Size and Forecast, By Region (USD Billion)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Power Generation Transformer
    • 5.3.1. Market Size and Forecast, By Region (USD Billion)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Others
    • 5.4.1. Market Size and Forecast, By Region (USD Billion)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 6: Transformer Monitoring System Market – Industry Analysis
  • 6.1. Overview
    • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
  • 6.2. North America
    • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
    • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
    • 6.2.4. U.S.
      • 6.2.4.1. U.S. Market Revenue, By Type, 2016 – 2028
      • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
    • 6.2.5. Canada
      • 6.2.5.1. Canada Market Revenue, By Type, 2016 – 2028
      • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
    • 6.2.6. Mexico
      • 6.2.6.1. Mexico Market Revenue, By Type, 2016 – 2028
      • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
  • 6.3. Europe
    • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
    • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
    • 6.3.4. Germany
      • 6.3.4.1. Germany Market Revenue, By Type, 2016 – 2028
      • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
    • 6.3.5. France
      • 6.3.5.1. France Market Revenue, By Type, 2016 – 2028
      • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
    • 6.3.6. U.K.
      • 6.3.6.1. U.K. Market Revenue, By Type, 2016 – 2028
      • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
    • 6.3.7. Italy
      • 6.3.7.1. Italy Market Revenue, By Type, 2016 – 2028
      • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
    • 6.3.8. Spain
      • 6.3.8.1. Spain Market Revenue, By Type, 2016 – 2028
      • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
    • 6.3.9. Rest of Europe
      • 6.3.9.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
    • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.4.4. China
      • 6.4.4.1. China Market Revenue, By Type, 2016 – 2028
      • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
    • 6.4.5. Japan
      • 6.4.5.1. Japan Market Revenue, By Type, 2016 – 2028
      • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
    • 6.4.6. India
      • 6.4.6.1. India Market Revenue, By Type, 2016 – 2028
      • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
    • 6.4.7. South Korea
      • 6.4.7.1. South Korea Market Revenue, By Type, 2016 – 2028
      • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
    • 6.4.8. South-East Asia
      • 6.4.8.1. South-East Asia Market Revenue, By Type, 2016 – 2028
      • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
    • 6.4.9. Rest of Asia Pacific
      • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
  • 6.5. Latin America
    • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
    • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
    • 6.5.4. Brazil
      • 6.5.4.1. Brazil Market Revenue, By Type, 2016 – 2028
      • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
    • 6.5.5. Argentina
      • 6.5.5.1. Argentina Market Revenue, By Type, 2016 – 2028
      • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
    • 6.5.6. Rest of Latin America
      • 6.5.6.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
  • 6.6. The Middle-East and Africa
    • 6.6.1. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028 (USD Billion)
    • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
    • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
    • 6.6.4. GCC Countries
      • 6.6.4.1. GCC Countries Market Revenue, By Type, 2016 – 2028
      • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
    • 6.6.5. South Africa
      • 6.6.5.1. South Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
    • 6.6.5. Rest of Middle-East Africa
      • 6.6.5.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.5.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
• Chapter No. 7: Transformer Monitoring System Market – Industry Analysis
  • 7.1. Introduction
  • 7.2. Market Drivers
    • 7.2.1. Driving Factor 1 Analysis
    • 7.2.2. Driving Factor 2 Analysis
  • 7.3. Market Restraints
    • 7.3.1. Restraining Factor Analysis
  • 7.4. Market Opportunities
    • 7.4.1. Market Opportunity Analysis
  • 7.5. Porter’s Five Forces Analysis
  • 7.6. PEST Analysis
  • 7.7. Regulatory Landscape
  • 7.8. Technology Landscape
  • 7.9. Regional Market Trends
    • 7.9.1. North America
    • 7.9.2. Europe
    • 7.9.3. Asia Pacific
    • 7.9.4. Latin America
    • 7.9.5. The Middle-East and Africa
  • 7.10. Pricing Analysis
  • 7.11. Value Chain Analysis
  • 7.12. Downstream Buyers
  • 7.13. Distributors/Traders List
• Chapter No. 8: Competitive Landscape
  • 8.1. Company Market Share Analysis – 2019
    • 8.1.1. Global Transformer Monitoring System Market: Company Market Share, 2019
    • 8.1.2. Global Transformer Monitoring System Market, Company Market Revenue, 2016 – 2019 (USD Billion)
    • 8.1.3. Global Transformer Monitoring System Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 8.1.4. Global Transformer Monitoring System Market: Radar Determinant Chart, 2019
  • 8.2. Strategic Developments
    • 8.2.1. Acquisitions & Mergers
    • 8.2.2. New Product Launch
    • 8.2.3. Regional Expansion
  • 8.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 9: Company Profiles
  • 9.1. ABB Ltd.
    • 9.1.1. Company Overview
    • 9.1.2. Key Executives
    • 9.1.3. Product Portfolio
    • 9.1.4. Financial Overview
    • 9.1.5. Operating Business Segments
    • 9.1.6. Business Performance
    • 9.1.7. Recent Developments
  • 9.2. Eaton Corporation PLC
  • 9.3. General Electric.
  • 9.4. Honeywell International Inc.
  • 9.5. HZ Electric Inc.
  • 9.7. KJ Dynatech Inc.
  • 9.8. S&C Electric Company
  • 9.9. Schneider Electric
  • 9.10. Schweitzer Engineering Laboratories, Inc.
• Chapter No. 10: Marketing Strategy Analysis
  • 10.1. Marketing Channel
  • 10.2. Direct Marketing
  • 10.3. Indirect Marketing
  • 10.4. Marketing Channel Development Trends
  • 10.5. Economic/Pulitical Environmental Change
• Chapter No. 11: Research Methodology
  • 11.1. Research Methodology
  • 11.2. Phase I - Secondary Research
  • 11.3. Phase II - Data Modeling
    • 11.3.1. Company Share Analysis Model
    • 11.3.2. Revenue Based Modeling
  • 11.4. Phase III - Primary Research
  • 11.5. Research Limitations
    • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Transformer Monitoring System Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028 
FIG NO. 7. Global Transformer Monitoring System Market for Services, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Transformer Monitoring System Market for Services, By Country, 2020 & 2028
FIG NO. 9. Global Transformer Monitoring System Market for Hardware, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Transformer Monitoring System Market for Hardware, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Application, 2020 & 2028 
FIG NO. 12. Global Transformer Monitoring System Market for Transmission & Distribution Transformer, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Transformer Monitoring System Market for Transmission & Distribution Transformer, By Country, 2020 & 2028
FIG NO. 14. Global Transformer Monitoring System Market for Power Generation Transformer, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Transformer Monitoring System Market for Power Generation Transformer, By Country, 2020 & 2028
FIG NO. 16. Global Transformer Monitoring System Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Transformer Monitoring System Market for Others, By Country, 2020 & 2028
FIG NO. 18. Global Transformer Monitoring System Market Revenue Share, By Region, 2020 & 2028
FIG NO. 19. North America Transformer Monitoring System Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 20. Porter’s Five Forces Analysis for Global Transformer Monitoring System Market
FIG NO. 21. PEST Analysis for Global Transformer Monitoring System Market
FIG NO. 22. Pricing Analysis for Global Transformer Monitoring System Market
FIG NO. 23. Value Chain Analysis for Global Transformer Monitoring System Market
FIG NO. 24. Company Share Analysis, 2019
FIG NO. 25. Radar Determinant Chart, 2019
FIG NO. 26. Company Strategic Developments – Heat Map Analysis
FIG NO. 27. Business Segment Revenue Share, 2020 (%)
FIG NO. 28. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 29. Market Channels
FIG NO. 30. Marketing Channel Development Trend
FIG NO. 31. Growth in World Gross Product, 2008-2018
FIG NO. 32. Research Methodology – Detailed View
FIG NO. 33. Research Methodology
 

Table Of Tables

List of Tables 

TABLE NO. 1. Global Transformer Monitoring System Market: Snapshot
TABLE NO. 2. Quarterly Transformer Monitoring System Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Transformer Monitoring System Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Transformer Monitoring System Market for Services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Transformer Monitoring System Market for Hardware, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Transformer Monitoring System Market for Transmission & Distribution Transformer by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Transformer Monitoring System Market for Power Generation Transformer, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Transformer Monitoring System Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Transformer Monitoring System Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Transformer Monitoring System Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Transformer Monitoring System Market Revenue, By Type, 2016 – 2028 (USD Billon)
TABLE NO. 14. North America Transformer Monitoring System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. U.S. Transformer Monitoring System Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. Transformer Monitoring System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. Canada Transformer Monitoring System Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada Transformer Monitoring System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Mexico Transformer Monitoring System Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Transformer Monitoring System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Drivers for the Transformer Monitoring System Market: Impact Analysis
TABLE NO. 22. Restraints for the Transformer Monitoring System Market: Impact Analysis
TABLE NO. 23. Major Buyers of Transformer Monitoring System
TABLE NO. 24. Distributors/Traders List of Transformer Monitoring System
TABLE NO. 25. Global Transformer Monitoring System Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 26: Global Transformer Monitoring System Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)