Increasing investments on renewables and growing smart grid initiatives are some factors propelling the transformer monitoring software market growth in the developing countries. Additionally, rapid installation of power transformer and power grid networks create favorable market landscape for the key players operating in the transformer monitoring software market. Also, rise in renewable investments across the globe over the coming years is likely to boost the transformer monitoring software market.
MARKET DYNAMICS
The transformer monitoring software market is expected to soar in the forecast period owing to the advent of big data analytics and internet of things. These have led to the increased demand for digitalization of power utilities thus leveraging the growth of the transformer monitoring software market. Also, rising smart grid installation are contributing to the market growth. However, cost barriers may negatively influence the growth of the transformer monitoring software market.
MARKET SCOPE
The "Transformer Monitoring Software market Analysis to 2028” is a specialized and in-depth study of transformer monitoring software with a special focus on the global market trend analysis. The report aims to provide an overview of transformer monitoring software with detailed market segmentation by application, and services. The transformer monitoring software market is expected to witness high growth during the forecast period. The report provides key statistics on the transformer monitoring software market and offers key trends and opportunities in transformer monitoring software market.
MARKET SEGMENTATION
The transformer monitoring software market is segmented on the basis of application, and services. On the basis of Application, market is segmented as distribution transformers, power transformers, others. On the basis of Service, market is segmented as oil/gas monitoring, bushing monitoring, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the transformer monitoring software market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The transformer monitoring software market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting transformer monitoring software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Pest analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the transformer monitoring software market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the transformer monitoring software market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The transformer monitoring software market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting transformer monitoring software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Pest analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the transformer monitoring software market in these regions.
MARKET PLAYERS
The reports cover key developments in the transformer monitoring software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market player's from transformer monitoring software market are anticipated to lucrative growth opportunities in the future with the rising demand for transformer monitoring software in the global market. Below mentioned is the list of few companies engaged in the transformer monitoring software market.
The report also includes the profiles of transformer monitoring software market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Transformer Monitoring Software Market - By Application
1.3.2 Transformer Monitoring Software Market - By Service
1.3.3 Transformer Monitoring Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TRANSFORMER MONITORING SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. TRANSFORMER MONITORING SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TRANSFORMER MONITORING SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. TRANSFORMER MONITORING SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. TRANSFORMER MONITORING SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TRANSFORMER MONITORING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. DISTRIBUTION TRANSFORMERS
7.3.1. Overview
7.3.2. Distribution Transformers Market Forecast and Analysis
7.4. POWER TRANSFORMERS
7.4.1. Overview
7.4.2. Power Transformers Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. TRANSFORMER MONITORING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
8.1. OVERVIEW
8.2. SERVICE MARKET FORECASTS AND ANALYSIS
8.3. OIL/GAS MONITORING
8.3.1. Overview
8.3.2. Oil/Gas Monitoring Market Forecast and Analysis
8.4. BUSHING MONITORING
8.4.1. Overview
8.4.2. Bushing Monitoring Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. TRANSFORMER MONITORING SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Transformer Monitoring Software Market Overview
9.1.2 North America Transformer Monitoring Software Market Forecasts and Analysis
9.1.3 North America Transformer Monitoring Software Market Forecasts and Analysis - By Application
9.1.4 North America Transformer Monitoring Software Market Forecasts and Analysis - By Service
9.1.5 North America Transformer Monitoring Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Transformer Monitoring Software Market
9.1.5.1.1 United States Transformer Monitoring Software Market by Application
9.1.5.1.2 United States Transformer Monitoring Software Market by Service
9.1.5.2 Canada Transformer Monitoring Software Market
9.1.5.2.1 Canada Transformer Monitoring Software Market by Application
9.1.5.2.2 Canada Transformer Monitoring Software Market by Service
9.1.5.3 Mexico Transformer Monitoring Software Market
9.1.5.3.1 Mexico Transformer Monitoring Software Market by Application
9.1.5.3.2 Mexico Transformer Monitoring Software Market by Service
9.2. EUROPE
9.2.1 Europe Transformer Monitoring Software Market Overview
9.2.2 Europe Transformer Monitoring Software Market Forecasts and Analysis
9.2.3 Europe Transformer Monitoring Software Market Forecasts and Analysis - By Application
9.2.4 Europe Transformer Monitoring Software Market Forecasts and Analysis - By Service
9.2.5 Europe Transformer Monitoring Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Transformer Monitoring Software Market
9.2.5.1.1 Germany Transformer Monitoring Software Market by Application
9.2.5.1.2 Germany Transformer Monitoring Software Market by Service
9.2.5.2 France Transformer Monitoring Software Market
9.2.5.2.1 France Transformer Monitoring Software Market by Application
9.2.5.2.2 France Transformer Monitoring Software Market by Service
9.2.5.3 Italy Transformer Monitoring Software Market
9.2.5.3.1 Italy Transformer Monitoring Software Market by Application
9.2.5.3.2 Italy Transformer Monitoring Software Market by Service
9.2.5.4 United Kingdom Transformer Monitoring Software Market
9.2.5.4.1 United Kingdom Transformer Monitoring Software Market by Application
9.2.5.4.2 United Kingdom Transformer Monitoring Software Market by Service
9.2.5.5 Russia Transformer Monitoring Software Market
9.2.5.5.1 Russia Transformer Monitoring Software Market by Application
9.2.5.5.2 Russia Transformer Monitoring Software Market by Service
9.2.5.6 Rest of Europe Transformer Monitoring Software Market
9.2.5.6.1 Rest of Europe Transformer Monitoring Software Market by Application
9.2.5.6.2 Rest of Europe Transformer Monitoring Software Market by Service
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Transformer Monitoring Software Market Overview
9.3.2 Asia-Pacific Transformer Monitoring Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Transformer Monitoring Software Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Transformer Monitoring Software Market Forecasts and Analysis - By Service
9.3.5 Asia-Pacific Transformer Monitoring Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Transformer Monitoring Software Market
9.3.5.1.1 Australia Transformer Monitoring Software Market by Application
9.3.5.1.2 Australia Transformer Monitoring Software Market by Service
9.3.5.2 China Transformer Monitoring Software Market
9.3.5.2.1 China Transformer Monitoring Software Market by Application
9.3.5.2.2 China Transformer Monitoring Software Market by Service
9.3.5.3 India Transformer Monitoring Software Market
9.3.5.3.1 India Transformer Monitoring Software Market by Application
9.3.5.3.2 India Transformer Monitoring Software Market by Service
9.3.5.4 Japan Transformer Monitoring Software Market
9.3.5.4.1 Japan Transformer Monitoring Software Market by Application
9.3.5.4.2 Japan Transformer Monitoring Software Market by Service
9.3.5.5 South Korea Transformer Monitoring Software Market
9.3.5.5.1 South Korea Transformer Monitoring Software Market by Application
9.3.5.5.2 South Korea Transformer Monitoring Software Market by Service
9.3.5.6 Rest of Asia-Pacific Transformer Monitoring Software Market
9.3.5.6.1 Rest of Asia-Pacific Transformer Monitoring Software Market by Application
9.3.5.6.2 Rest of Asia-Pacific Transformer Monitoring Software Market by Service
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Transformer Monitoring Software Market Overview
9.4.2 Middle East and Africa Transformer Monitoring Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Transformer Monitoring Software Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Transformer Monitoring Software Market Forecasts and Analysis - By Service
9.4.5 Middle East and Africa Transformer Monitoring Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Transformer Monitoring Software Market
9.4.5.1.1 South Africa Transformer Monitoring Software Market by Application
9.4.5.1.2 South Africa Transformer Monitoring Software Market by Service
9.4.5.2 Saudi Arabia Transformer Monitoring Software Market
9.4.5.2.1 Saudi Arabia Transformer Monitoring Software Market by Application
9.4.5.2.2 Saudi Arabia Transformer Monitoring Software Market by Service
9.4.5.3 U.A.E Transformer Monitoring Software Market
9.4.5.3.1 U.A.E Transformer Monitoring Software Market by Application
9.4.5.3.2 U.A.E Transformer Monitoring Software Market by Service
9.4.5.4 Rest of Middle East and Africa Transformer Monitoring Software Market
9.4.5.4.1 Rest of Middle East and Africa Transformer Monitoring Software Market by Application
9.4.5.4.2 Rest of Middle East and Africa Transformer Monitoring Software Market by Service
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Transformer Monitoring Software Market Overview
9.5.2 South and Central America Transformer Monitoring Software Market Forecasts and Analysis
9.5.3 South and Central America Transformer Monitoring Software Market Forecasts and Analysis - By Application
9.5.4 South and Central America Transformer Monitoring Software Market Forecasts and Analysis - By Service
9.5.5 South and Central America Transformer Monitoring Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Transformer Monitoring Software Market
9.5.5.1.1 Brazil Transformer Monitoring Software Market by Application
9.5.5.1.2 Brazil Transformer Monitoring Software Market by Service
9.5.5.2 Argentina Transformer Monitoring Software Market
9.5.5.2.1 Argentina Transformer Monitoring Software Market by Application
9.5.5.2.2 Argentina Transformer Monitoring Software Market by Service
9.5.5.3 Rest of South and Central America Transformer Monitoring Software Market
9.5.5.3.1 Rest of South and Central America Transformer Monitoring Software Market by Application
9.5.5.3.2 Rest of South and Central America Transformer Monitoring Software Market by Service
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TRANSFORMER MONITORING SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. ABB LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DYNAMIC RATINGS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HONEYWELL INTERNATIONAL INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NINGBO LIGONG ONLINE MONITORING TECHNOLOGY CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. QUALITROL COMPANY LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. S AND C ELECTRIC COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SCHNEIDER ELECTRIC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIEMENS AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VAISALA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WILSON TRANSFORMER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABB Ltd
2. Dynamic Ratings
3. Honeywell International Inc
4. Ningbo Ligong Online Monitoring Technology Co., Ltd.
5. Qualitrol Company LLC
6. S and C Electric Company
7. Schneider Electric
8. Siemens AG
9. Vaisala
10. Wilson Transformer
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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