Transformer Monitoring System Market 2019 is latest research report by Market Research Future, the global Transformer Monitoring System market is expected to Register High Growth Rate during 2019 To 2022. Report analyzes Transformer Monitoring System Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2022. Transformer Monitoring System Market Information is segmented by Type, Service, Application and by Region.
Transformer Monitoring System Market Leading Players Analyzed are:
ABB automation company Ltd. (Switzerland,), General Electric Company (U.S.), Schneider Electric S.E. (France), Siemens AG (Germany), Advanced Power AG (Switzerland), BPL Global LLC (U.S.), Crompton Greaves Ltd. (India), Dynamic Ratings Pvt. Ltd. (U.S.), Eaton Corporation Plc. (Republic of Ireland), Echelon Corporation (U.S.), Elster Group SE (Germany), Hyosung Corporation (South Korea)
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Global Transformer Monitoring System Market Highlights:
Transformers are defined as the electrical equipments that are helpful in fluctuating the voltage of the electric current. The growth of the global transformer monitoring system market is driven by the increasing number of power grid networks in any region. The growth of the market is also driven by rapid installation of power transformers led by the increased demand of energy generation from both renewable and non-renewable sources of energy. The installation of a huge number of distributor transformers for fulfilling the ever-increasing need for power transmission and distribution in a cost-effective manner, is also driving the growth of the global transformer monitoring system market.
The most crucial factors driving the global transformer monitoring system market growth include the rapid installation of power transformers and increased demand for energy generation from both renewable and non-renewable sources of energy. Other factors contributing to the market growth include growing demand for power and cost-effective power distribution via transformers. However, factors that can impede the market growth include high investment cost for installation and high maintenance cost in order to ensure smooth functioning as well as real-time monitoring of transformer monitoring systems.
Transformer Monitoring System Industry Segments Analysis:
The global transformer monitoring system market has been segmented on the basis of application, service, type, and lastly, region.
The application-based segmentation segments this market into distribution transformers, power transformers and others.
Based on service, the market has been segmented into bushing monitoring, oil/gas monitoring, and others.
By type, the market has been segmented into hardware solutions and software solutions.
Transformer Monitoring System Regional Market Analysis:
The regional segmentation of the global transformer monitoring system market segments the market into the regional markets known as North America, Asia Pacific, Europe, and the Middle East & Africa (MEA).
During the forecast period, the Asia Pacific region has been anticipated to be the largest regional market due to the planned investments for the increased power capacity utilization required in this region. Countries like India and China are investing a lot in smart grids, boosting the demand for transformer monitoring solutions. Other factors contributing to the market growth in this region include rapid urbanization, growing industrialization, and rise in demand for power.
In Europe and North America, the market is growing due to established industries, urban setting, technological advancement, and the presence of many key market players in these regions. In Europe, the most important country-specific markets are France, Germany, Spain, and the UK, followed by the remaining countries of Europe. In North America, such markets are the USA and Canada. In the MEA region, the market is limited due to poor countries, lack of awareness, lack of technological advancement, and lack of education.
Latest Industry News
- An 8 MW solar park in Nepal is going to feature a steel container with AC low-voltage distribution, DC combiners, string inverters, medium-voltage transformer, and switchgear. This solar park can provide stable electricity and benefit a school. 28 FEB 2019
- H2scan’s new Gen 5 System is the first to provide hydrogen gas safety sensing in order to reduce the explosion risk of distribution transformers. 6 DEC 2018
Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Transformer Monitoring System Market, By Type
4.1 Hardware Solutions
4.2 Software Solutions
Continued…
List Of Figures
Figure 1 Research Methodology
Figure 2 Global Transformer Monitoring System Market: By Type (%)
Figure 3 Global Transformer Monitoring System Market: By Service (%)
Figure 4 Global Transformer Monitoring System Market: By Application (%)
Figure 5 Global Transformer Monitoring System Market: By Region
Figure 6 North America Transformer Monitoring System Market, By Type (%)
Figure 7 North America Transformer Monitoring System Market, By Service (%)
Figure 8 North America Transformer Monitoring System Market, By Application (%)
Continued….
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