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Transformer Monitoring System Market - Global Industry Analysis

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, 2020 - 2028

Published Date: 23-Aug-2021 Category: Energy & Mining Report Format : PDF Pages: 165 Report Code: ZMR-2199 Status : Published

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.

Description

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.

Global Transformer Monitoring System Market Size

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: 

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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 the 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.

Global Transformer Monitoring System Market Share

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.

Global Transformer Monitoring System Market Regional Analysis

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

Table Of Content

  • 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

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
 


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)   


 

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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FrequentlyAsked Questions

The global Transformer Monitoring System Market was valued at USD 2.1 Billion in 2020.

The global Transformer Monitoring System Market is expected to reach USD 3.8 Billion by 2028, growing at a CAGR of 7.1% between 2021 to 2028.

The factors driving the growth of Transformer Monitoring System are the up-gradation of electric grids in developping countries along with the expansion of electric grids due to growing industrialization and urbanization.

Area-wise, Asia Pacific was the most important region for the Transformer Monitoring System market and is probably going to hold on being a primary region within the years to return.

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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