Global Transformer Monitoring Solutions Market 2016-2020

Have a look at the key details offered by the global transformer monitoring solutions market research report

Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

Global transformer monitoring solutions market outlook

Transformer monitoring solutions are used to monitor and diagnose the health of a transformer. A monitoring solution helps end users to detect and identify failures in transformers, which in turn reduces the repairing cost. The augmented demand for electric power from developing nations will foster the prospects for growth in this market during the estimated period. Technavio’s market research analyst predicts the global transformer monitoring solutions market to grow at a profound CAGR of around 36% by 2020.

The growing incidences of power outages in developed, as well as developing countries, have led to the increased demand for transformer monitoring systems during the forecast period. Manufacturing industries require a continuous power supply to carry out their production processes. Frequent power breakdowns can lead to an increase in overhead costs. Consequently, the demand for transformer monitoring systems is continually increasing as they help to keep the industries and power utilities constantly updated on the transformer's condition and aid in identifying as well as rectifying a problem at the earliest.

Application-based segmentation of the transformer monitoring solutions market

• Power transformers
• Distribution transformers

The distribution transformers segment currently dominates the global transformer monitoring solutions market in terms of application. Both power and distribution transformers form an integral part of the overall electric power transmission and distribution infrastructure. Since the number of distribution transformers installed in a network is always more than that of power transformers, an increase in the construction of new power transmission and distribution infrastructures will result in the augmented demand for distribution transformers until 2020.

Geographical segmentation of the transformer monitoring solutions market

• APAC
• Americas
• EMEA

The APAC region holds the largest share of the market and accounts for around 44% of the total revenue generated by the global transformer monitoring solutions market during the forecast period. The market in this region is anticipated to grow at a rapid pace owing to power utilities’ increasing incorporation of monitoring solutions into their existing transformers. The emergence of India and China as the fastest developing nations in the region will foster the need for efficient electric power supply, which in turn will result in market growth during the forecast period.

Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your FREE 14-day trial

Competitive landscape and key vendors

Well-established international vendors currently dominate the global market for transformer monitoring solutions as it is a relatively new technology. The level of competition among these vendors is based on price, quality, and innovative technology. In the future, this market is likely to present enough scope for regional vendors to expand their foothold in the market.

Leading vendors in the market are -

• ABB
• GE
• Schneider
• Siemens

Other prominent vendors in the market include Advanced Power, BPL Global, Crompton Greaves, Dynamic Ratings, Eaton, Echelon, Elster Group, Hyosung Power & Industrial Systems, Hyundai Heavy Industries, Mitsubishi Electric, Tebian Electric Apparatus, and XD Group.

Key questions answered in the report

• What will the global transformer monitoring system market size and the growth rate be in 2020?
• What are the key factors driving the global transformer monitoring solutions market?
• What are the key market trends impacting the growth of the transformer monitoring solutions market?
• What are the monitoring system market challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global transformer monitoring solutions market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the transformer monitoring solutions market?

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch