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Global Transformer Monitoring Solutions Market 2016-2020

  • Published: May 2016
  • Pages: 54
  • SKU: IRTNTR8346
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This industry research report includes a detailed segmentation of the global transformer monitoring solutions market by application (power transformers and distribution transformers). It also outlines the market shares for key regions like APAC, Americas, and EMEA. The leading vendors analyzed in this market study are ABB, GE, Schneider, and Siemens.

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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.

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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?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by application

  • Global distribution transformer monitoring solutions market
  • Global power transformer monitoring solutions market

PART 07: Geographical segmentation

  • Transformer monitoring solutions market in APAC
  • Transformer monitoring solutions market in Americas
  • Transformer monitoring solutions market in EMEA

PART 08: Market drivers

  • Increased demand for electricity from emerging countries
  • Modernization of existing transformers and deployment of smart grids
  • Need to reduce power breakdowns

PART 09: Impact of drivers

PART 10: Market challenges

  • Lack of awareness about transformer monitoring solutions
  • High price of transformer monitoring systems
  • Low profit margin

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Introduction of automated high voltage transformer monitoring solutions
  • Distribution transformer monitoring widens market opportunity
  • Increased implementation of online monitoring systems

PART 13: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 14: Key vendor analysis

  • ABB
  • GE
  • Schneider Electric
  • Siemens

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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