Europe Transformer Monitoring System Market Segments and Growth by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Europe Transformer Monitoring System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Hardware, IT Solutions), Service (Bushing Monitoring, Oil/Gas Monitoring, Others), Application (Distribution Transformers, Power Transformers, Others), and Country

Report Date : Jul 2020
Report Code : TIPRE00012205

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 86

Page Updated: Jul 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The transformer monitoring system market in Europeis expected to grow from US$ 585.7 million in 2019 to US$ 881.1 million by 2027; it is estimated to grow at a CAGR of 5.3% from 2020 to 2027.

A transformer monitoring system comprises sensors to software that assist customers in improving transmission, distribution, and substation system reliability, leading to an increase in maintenance savings and reduction in outages. The system consists of innovative sensors, monitors, and controls for data collection, analysis, and diagnostics. With the use of asset management tools, customers have realized the benefits of online transformer monitoring, which in turn is triggering the growth of the transformer monitoring system market. Governments of various countries are framing energy policies that encourage the use of alternative and clean solutions, thereby contributing to the growth of the Europe transformer monitoring systems market.The Europe has witnessed a fall in coal production since the last decade. The region has moved toward the adoption of energy sources having lower carbon footprint due to the effect of CO2emissions on the environment in terms of climate change. Europe has imported ~53–55% of energy for consumption in the past few years. In 2016, renewable sources accounted for 86% of the new energy capacity added in the EU countries. Improvements in energy-efficiency by promoting the use of hydroelectricity and wind power are likely to drive market growth during the forecast period.

With the introduction of newfeatures and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive thetransformer monitoring system market, and is expected to grow at a good CAGR during the forecast period.

Europe Transformer Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Transformer Monitoring System Market Segmentation

EuropeTransformer Monitoring System Market,by Component

Hardware
IT Solutions

Europe Transformer Monitoring System Market,byService

Bushing Monitoring
Oil/Gas Monitoring
Others

Europe Transformer Monitoring System Market,byApplication

Distribution Transformers
Power Transformers
Others

Europe Transformer Monitoring System Market,by Country

UK
Germany
France
Italy
Russia
Rest of Europe

Europe Transformer Monitoring System Market-Companies Mentioned

ABB Ltd.
Eaton Corporation plc
Honeywell International Inc.
Schneider Electric SE
Siemens AG
Schweitzer Engineering Laboratories, Inc.
Mitsubishi Electric Corporation
Dynamic Ratings

Europe Transformer Monitoring System Report Scope

Report Attribute	Details
Market size in 2019	US$ 585.7 Million
Market Size by 2027	US$ 881.1 Million
Global CAGR (2020 - 2027)	5.3%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Component Hardware IT Solutions By Service Bushing Monitoring Oil/Gas Monitoring By Application Distribution Transformers Power Transformers
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	ABB Ltd. Eaton Corporation plc Honeywell International Inc. Schneider Electric SE Siemens AG Schweitzer Engineering Laboratories, Inc. Mitsubishi Electric Corporation Dynamic Ratings

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Europe Transformer Monitoring System Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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