The transformer monitoring system market was valued at US$ 1,842.54 million in 2019 and is projected to reach US$ 2,806.19 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.
The smart grid, along with the operations of a power system, is expected to play a significant role in transforming the electrical networks. Smart grids make it easier to quickly restore electricity after power disturbances, and help reduce the management and operating costs of utilities; this ultimately reduces power costs for consumers. Various initiatives taken by the energy sector is also driving the growth of the transformer monitoring system market. For example, in collaboration with the electric utility industry, equipment suppliers, IT operators, federal and state governments, advocacy organizations, colleges, and national laboratories, the US electrical system announced its "Grid 2030" vision. This vision covers the following power sector-related aspects: generation, transmission, delivery, storage, and end-use. It describes the fundamental problems and obstacles in grid modernization, followed by making recommendations to policymakers and industries to help them develop future electrical distribution infrastructure, such as utility communications.
Additionally, one of the transformer's most significant uses in smart grids is its role in integrating distributed power into the primary grid. Smart grids have two-way communication to monitor network characteristics and control them in real-time. The primary step involves the implementation of smart meters for end-user interactions, followed by the use of smart transformers within the network to enhance communication further and avoid power outages. The smart grid initiatives are thus among the major drivers for the growth of the transformer monitoring system market
Impact of COVID-19 Pandemic on Transformer Monitoring System Market
The US has the highest number of confirmed cases of COVID-19 morbidity among all the North American countries. This is likely to adversely affect the information and communication technology (ICT) sector due to disruptions in supply chain. The energy sector in countries in this region are likely to focus on the development of coordination between the natural gas and telecommunications industries as well as supply chain issues to better tackle grid threats.
Lucrative Regions for Transformer Monitoring System Market
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Market Insights
Emergence of Big Data Analytics
In the age of growing industrialization and rapidly changing industrial working environment, automation, big data analytics, and the Internet of Things play a critical role. Planning downtime and physically monitoring different transformer parameters now appears first age work for power distribution companies. Monitoring different standard parameters from IT cell/office comfort has now become a new norm. Big data analytics in power systems are of interest in the fields of data acquisition, storage, analysis, and visualization. However, the characterization of the state of the transmission equipment is given little care. Power transformers face many difficulties in detecting anomalies and diagnosing faults. The functional relationships between different status parameters and patterns of the defect are complicated to describe the functions explicitly. Utilities across the globe are, however, striving to safely and efficiently deliver reliable electricity.
Every critical equipment asset from generation to delivery is operating at the optimum level to meet and exceed the set goals. With the help of big data, transformers can efficiently change transmission voltages down to lower distribution voltages. Thus, the emergence of big data analytics in the transformer monitoring system market is one of the major trends likely to impact market growth during the forecast period.
Component Market Insights
Based on components, the transformer monitoring system market is segmented into hardware and IT solutions. It is expected the IT solutions segment will dominate the market worldwide during the forecast period. Hardware is usually a cabinet that is installed near a transformer, collecting local signals, possibly processing data collection, and even reacting in emergencies. A design based on embedded hardware is developed to acquire data from the electrical sensing system along with the electronic meter. It consists of a sensing system, electric circuits for signal conditioning, advanced embedded computer hardware for middle-level computing, a robust computer network for further data transmission to different locations. The E Series offered by dynamic ratings, is custom-engineered to-order modular hardware platform for utilities that need custom-made transformer monitoring solutions. The application engineers work with the service or the transformer manufacturer to develop the optimal transformer monitoring solution that meets the requirements. It manufactures, programs, and tests the solution according to our policies and processes certified to ISO 9001. Additionally, the field service team provides final installation field verification
Transformer Monitoring System Market, by Component– 2019 and 2027
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Services Market Insight
Based on service, the global market for transformer monitoring systems is segmented into oil/gas monitoring, bushing monitoring, and others. The bushing monitoring segment is estimated to record higher growth during the forecast period, as it saves time and money during continuous tracking. The bushing monitoring system is used as a stand-alone system, or in a combination with a trusted monitoring system for transformer condition. This follows the principle that it is always better to integrate multiple measurement results into an overall picture, rather than to base analysis on individual sensor measurements. Additionally, the bushing monitoring system checks transformer status and detects deterioration in bushings, finds isolation abnormalities, and issues alerts. In the application category, the bushing monitoring segment is expected to grow at a higher pace in the coming years to reach a significant valuation during the forecast period.
Application Market Insight
Based on application, the global transformer monitoring system market is segmented into distribution transformers, power transformers, and others. The power transformers segment is expected to be the largest segment in the global market for transformer monitoring systems in terms of value, owing to government regulations targeting transmission network monitoring and control. These transformers function on high voltages, which demands their regular monitoring and maintenance.
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Transformer Monitoring System Market: Strategic Insights
Market Size Value in US$ 1,842.54 Million in 2019 Market Size Value by US$ 2,806.19 Million by 2027 Growth rate CAGR of 5.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Transformer Monitoring System Market: Strategic Insights
| Market Size Value in | US$ 1,842.54 Million in 2019 |
| Market Size Value by | US$ 2,806.19 Million by 2027 |
| Growth rate | CAGR of 5.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In Feb 2020, Power management company Eaton declared it has completed the acquisition of Power Distribution, Inc. (PDI). Eaton’s aim is to enhance the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably.
- In April 2019, ABB new field-tested model-based monitoring system is combined within standard substation equipment and presented in MicroSCADA Pro. This unique approach permits an asset’s performance to be evaluated while in actual service as well as imminent faults to be detected.
Global Transformer Monitoring System Segments:
Transformer Monitoring System Market – By Component
- Hardware
- IT Solutions
Transformer Monitoring System Market – By Service
- Bushing Monitoring
- Oil/Gas Monitoring
- Others
Transformer Monitoring System Market – By Application
- Distribution Transformer
- Power Transformer
- Others
Transformer Monitoring System Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Companies
- ABB Ltd.
- Eaton Corporation plc
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- Schweitzer Engineering Laboratories, Inc.
- Kirloskar Electric Company
- KJ Dynatech Inc
- WILSON TRANSFORMER COMPANY
- Mitsubishi Electric Corporation
- Dynamic Ratings
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Service ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Europe region led the regenerative thermal oxidizer market in 2019 owing to strong considerable demand for maintaining and supervision of electrical grids along with stringent safety regulatory guidelines to prevent system failure its notably large industrial sector contributed in the region’s larger market share
The increase in electrification of electrical grid system and rising expenditure towards improving the electrical grid systems, transmission and distribution networks across the developing economies are powering the growth of the transformer monitoring system market.
The bushing monitoring based service continued to dominate the market by service owing to extensive scope of application for the service for basic maintenance and monitoring applications.
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Transformer Monitoring System Market – By Component
1.3.2 Global Transformer Monitoring System Market – By Service
1.3.3 Global Transformer Monitoring System Market – By Application
1.3.4 Global Transformer Monitoring System Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Transformer Monitoring System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Transformer Monitoring System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Initiatives Toward Smart Grids
5.1.2 Rising Digitalization of Power Utilities
5.2 Market Restraints
5.2.1 Cost Barriers
5.3 Market Opportunities
5.3.1 Offshore Wind Farms
5.4 Future Trends
5.4.1 Emergence of Big Data Analytics
5.5 Impact Analysis of Drivers and Restraints
6. Transformer Monitoring System Market– Global Analysis
6.1 Transformer Monitoring System Global Overview
6.2 Transformer Monitoring System Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning- Global Market Players Ranking
7. Transformer Monitoring System Market Analysis – By Component
7.1 Overview
7.2 Transformer Monitoring System Market, By Component (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
7.4 IT Solutions
7.4.1 Overview
7.4.2 IT Solutions: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
8. Transformer Monitoring System Market Analysis – By Service
8.1 Overview
8.2 Transformer Monitoring System Market, By Service (2019 and 2027)
8.3 Bushing Monitoring
8.3.1 Overview
8.3.2 Bushing Monitoring: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Oil/Gas Monitoring
8.4.1 Overview
8.4.2 Oil/Gas Monitoring: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
9. Transformer Monitoring System Market Analysis – By Application
9.1 Overview
9.2 Transformer Monitoring System Market, By Application (2019 and 2027)
9.3 Distribution Transformers
9.3.1 Overview
9.3.2 Distribution Transformers: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Power Transformers
9.4.1 Overview
9.4.2 Power Transformers: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
10. Transformer Monitoring System Market – Geographic Analysis
10.1 Overview
10.2 North America: Transformer Monitoring System Market
10.2.1 North America: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Transformer Monitoring System Market, by Component
10.2.3 North America: Transformer Monitoring System Market, by Service
10.2.4 North America: Transformer Monitoring System Market, by Application
10.2.5 North America: Transformer Monitoring System Market, by Key Country
10.2.5.1 US: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Transformer Monitoring System Market, by Component
10.2.5.1.2 US: Transformer Monitoring System Market, by Service
10.2.5.1.3 US: Transformer Monitoring System Market, by Application
10.2.5.2 Canada: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Transformer Monitoring System Market, by Component
10.2.5.2.2 Canada: Transformer Monitoring System Market, by Service
10.2.5.2.3 Canada: Transformer Monitoring System Market, by Application
10.2.5.3 Mexico: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Transformer Monitoring System Market, by Component
10.2.5.3.2 Mexico: Transformer Monitoring System Market, by Service
10.2.5.3.3 Mexico: Transformer Monitoring System Market, by Application
10.3 Europe: Transformer Monitoring System Market
10.3.1 Europe: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Transformer Monitoring System Market, by Component
10.3.3 Europe: Transformer Monitoring System Market, by Service
10.3.4 Europe: Transformer Monitoring System Market, by Application
10.3.5 Europe: Transformer Monitoring System Market, by Key Country
10.3.5.1 UK: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 UK: Transformer Monitoring System Market, by Component
10.3.5.1.2 UK: Transformer Monitoring System Market, by Service
10.3.5.1.3 UK: Transformer Monitoring System Market, by Application
10.3.5.2 Germany: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 Germany: Transformer Monitoring System Market, by Component
10.3.5.2.2 Germany: Transformer Monitoring System Market, by Service
10.3.5.2.3 Germany: Transformer Monitoring System Market, by Application
10.3.5.3 France: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 France: Transformer Monitoring System Market, by Component
10.3.5.3.2 France: Transformer Monitoring System Market, by Service
10.3.5.3.3 France: Transformer Monitoring System Market, by Application
10.3.5.4 Italy: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 Italy: Transformer Monitoring System Market, by Component
10.3.5.4.2 Italy: Transformer Monitoring System Market, by Service
10.3.5.4.3 Italy: Transformer Monitoring System Market, by Application
10.3.5.5 Russia: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Transformer Monitoring System Market, by Component
10.3.5.5.2 Russia: Transformer Monitoring System Market, by Service
10.3.5.5.3 Russia: Transformer Monitoring System Market, by Application
10.3.5.6 Rest of Europe: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Transformer Monitoring System Market, by Component
10.3.5.6.2 Rest of Europe: Transformer Monitoring System Market, by Service
10.3.5.6.3 Rest of Europe: Transformer Monitoring System Market, by Application
10.4 APAC: Transformer Monitoring System Market
10.4.1 APAC: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Transformer Monitoring System Market, by Component
10.4.3 APAC: Transformer Monitoring System Market, by Service
10.4.4 APAC: Transformer Monitoring System Market, by Application
10.4.5 APAC: Transformer Monitoring System Market, by Key Country
10.4.5.1.1 China: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.2 China: Transformer Monitoring System Market, by Component
10.4.5.1.3 China: Transformer Monitoring System Market, by Service
10.4.5.1.4 China: Transformer Monitoring System Market, by Application
10.4.5.2 Japan: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 Japan: Transformer Monitoring System Market, by Component
10.4.5.2.2 Japan: Transformer Monitoring System Market, by Service
10.4.5.2.3 Japan: Transformer Monitoring System Market, by Application
10.4.5.3 India: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 India: Transformer Monitoring System Market, by Component
10.4.5.3.2 India: Transformer Monitoring System Market, by Service
10.4.5.3.3 India: Transformer Monitoring System Market, by Application
10.4.5.4 Australia: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 Australia: Transformer Monitoring System Market, by Component
10.4.5.4.2 Australia: Transformer Monitoring System Market, by Service
10.4.5.4.3 Australia: Transformer Monitoring System Market, by Application
10.4.5.5 South Korea: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 South Korea: Transformer Monitoring System Market, by Component
10.4.5.5.2 South Korea: Transformer Monitoring System Market, by Service
10.4.5.5.3 South Korea: Transformer Monitoring System Market, by Application
10.4.5.6 Rest of APAC: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Transformer Monitoring System Market, by Component
10.4.5.6.2 Rest of APAC: Transformer Monitoring System Market, by Service
10.4.5.6.3 Rest of APAC: Transformer Monitoring System Market, by Application
10.5 MEA: Transformer Monitoring System Market
10.5.1 MEA: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Transformer Monitoring System Market, by Component
10.5.3 MEA: Transformer Monitoring System Market, by Service
10.5.4 MEA: Transformer Monitoring System Market, by Application
10.5.5 MEA: Transformer Monitoring System Market, by Key Country
10.5.5.1 Saudi Arabia: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 Saudi Arabia: Transformer Monitoring System Market, by Component
10.5.5.1.2 Saudi Arabia: Transformer Monitoring System Market, by Service
10.5.5.1.3 Saudi Arabia: Transformer Monitoring System Market, by Application
10.5.5.2 UAE: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 UAE: Transformer Monitoring System Market, by Component
10.5.5.2.2 UAE: Transformer Monitoring System Market, by Service
10.5.5.2.3 UAE: Transformer Monitoring System Market, by Application
10.5.5.3 South Africa: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 South Africa: Transformer Monitoring System Market, by Component
10.5.5.3.2 South Africa: Transformer Monitoring System Market, by Service
10.5.5.3.3 South Africa: Transformer Monitoring System Market, by Application
10.5.5.4 Rest of MEA: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Transformer Monitoring System Market, by Component
10.5.5.4.2 Rest of MEA: Transformer Monitoring System Market, by Service
10.5.5.4.3 Rest of MEA: Transformer Monitoring System Market, by Application
10.6 SAM: Transformer Monitoring System Market
10.6.1 SAM: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Transformer Monitoring System Market, by Component
10.6.3 SAM: Transformer Monitoring System Market, by Service
10.6.4 SAM: Transformer Monitoring System Market, by Application
10.6.5 SAM: Transformer Monitoring System Market, by Key Country
10.6.5.1 Brazil: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Transformer Monitoring System Market, by Component
10.6.5.1.2 Brazil: Transformer Monitoring System Market, by Service
10.6.5.1.3 Brazil: Transformer Monitoring System Market, by Application
10.6.5.1.4 Argentina: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.5 Argentina: Transformer Monitoring System Market, by Component
10.6.5.1.6 Argentina: Transformer Monitoring System Market, by Service
10.6.5.1.7 Argentina: Transformer Monitoring System Market, by Application
10.6.5.2 Rest of SAM: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Rest of SAM: Transformer Monitoring System Market, by Component
10.6.5.2.2 Rest of SAM: Transformer Monitoring System Market, by Service
10.6.5.2.3 Rest of SAM: Transformer Monitoring System Market, by Application
11. Impact of COVID-19 Pandemic on Global Transformer Monitoring System Market
11.1 North America: Impact assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact assessment of COVID-19 Pandemic
11.5 South America: Impact assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profile
13.1 ABB Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Eaton Corporation plc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Honeywell International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Schneider Electric SE
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Siemens AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Schweitzer Engineering Laboratories, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Kirloskar Electric Company
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 KJ Dynatech Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 WILSON TRANSFORMER COMPANY
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Mitsubishi Electric Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Dynamic Ratings
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Transformer Monitoring System Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America Transformer Monitoring System Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 6. US: Transformer Monitoring System Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Transformer Monitoring System Market, by Service –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Transformer Monitoring System Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 14. Mexico: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe: Transformer Monitoring System Market, by Component– Revenue and Forecast to 2027 (US$ Million)
Table 16. Europe: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 17. Europe: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. Europe Transformer Monitoring System Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 19. UK: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 20. UK: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 21. UK: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 22. Germany: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 23. Germany: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 24. Germany: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 25. France: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 26. France: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 27. France: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 28. Italy: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 29. Italy: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 30. Italy: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 32. Russia: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 33. Russia: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of Europe: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 35. Rest of Europe: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of Europe: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 37. APAC: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 38. APAC: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 39. APAC: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 40. APAC Transformer Monitoring System Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 41. China: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 42. China: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 43. China: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 44. Japan: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 45. Japan: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 46. Japan: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 47. India: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 48. India: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 49. India: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 50. Australia: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 51. Australia: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 52. Australia: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 53. South Korea: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 54. South Korea: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 55. South Korea: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 56. Rest of APAC: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 57. Rest of APAC: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 58. Rest of APAC: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 59. MEA: Transformer Monitoring System Market, by Component– Revenue and Forecast to 2027 (US$ Million)
Table 60. MEA: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 61. MEA: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 62. MEA Transformer Monitoring System Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 63. South Africa: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 64. South Africa: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 65. South Africa: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 66. UAE: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 67. UAE: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 68. UAE: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 69. South Africa: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 70. South Africa: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 71. South Africa: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 72. Rest of MEA: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 73. Rest of MEA: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 74. Rest of MEA: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 75. SAM: Transformer Monitoring System Market, by Component– Revenue and Forecast to 2027 (US$ Million)
Table 76. SAM: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 77. SAM: Transformer Monitoring System Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 78. SAM Transformer Monitoring System Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 79. Brazil: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 80. Brazil: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 81. Brazil: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 82. Argentina: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 83. Argentina: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 84. Argentina: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 85. Rest of SAM: Transformer Monitoring System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 86. Rest of SAM: Transformer Monitoring System Market, by Service – Revenue and Forecast to 2027 (US$ Million)
Table 87. Rest of SAM: Transformer Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 88. Glossary of Term: Transformer Monitoring System Market
LIST OF FIGURES
Figure 1. Transformer Monitoring System Market Segmentation
Figure 2. Transformer Monitoring System Market Segmentation – BY Region
Figure 3. Global Transformer Monitoring System Market – Geographical Analysis
Figure 4. Global Transformer Monitoring System Market Overview
Figure 5. IT Solutions to Dominate the Market by Component
Figure 6. Bushing Monitoring Service to Witness Highest Growth During Forecast Period
Figure 7. Power Transformer to Hold Largest Share During Forecast Period
Figure 8. North America – PEST Analysis
Figure 9. Europe- PEST Analysis
Figure 10. Asia-Pacific- PEST Analysis
Figure 11. Middle East and Africa- PEST Analysis
Figure 12. South America- PEST Analysis
Figure 13. Transformer Monitoring System Market Ecosystem Analysis
Figure 14. Transformer Monitoring System Market Impact Analysis of Drivers and Restraints
Figure 15. Global Transformer Monitoring System Market
Figure 16. Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Transformer Monitoring System Market Revenue Share, by Component (2019 and 2027)
Figure 18. Hardware: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. IT Solutions: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Transformer Monitoring System Market Revenue Share, by Service (2019 and 2027)
Figure 21. Bushing Monitoring: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Oil/Gas Monitoring: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Others: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Transformer Monitoring System Market Revenue Share, by Application (2019 and 2027)
Figure 25. Distribution Transformers: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Power Transformers: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Others: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Global Transformer Monitoring System Market Revenue Share, by Region (2019 and 2027)
Figure 29. North America: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. North America: Transformer Monitoring System Market Revenue Share, by Component (2019 and 2027)
Figure 31. North America: Transformer Monitoring System Market Revenue Share, by Service (2019 and 2027)
Figure 32. North America: Transformer Monitoring System Market Revenue Share, by Application (2019 and 2027)
Figure 33. North America: Transformer Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 34. US: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Canada: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Mexico: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Europe: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Europe: Transformer Monitoring System Market Revenue Share, by Component (2019 and 2027)
Figure 39. Europe: Transformer Monitoring System Market Revenue Share, by Service (2019 and 2027)
Figure 40. Europe: Transformer Monitoring System Market Revenue Share, by Application (2018 and 2027)
Figure 41. Europe: Transformer Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 42. UK: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Germany: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. France: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. Italy: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. Russia: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. Rest of Europe: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. APAC: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. APAC: Transformer Monitoring System Market Revenue Share, by Component (2019 and 2027)
Figure 50. APAC: Transformer Monitoring System Market Revenue Share, by Service (2019 and 2027)
Figure 51. APAC: Transformer Monitoring System Market Revenue Share, by Application (2018 and 2027)
Figure 52. APAC: Transformer Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 53. China: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. Japan: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. India: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. Australia: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. South Korea: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. Rest of APAC: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. MEA: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. MEA: Transformer Monitoring System Market Revenue Share, by Component (2019 and 2027)
Figure 61. MEA: Transformer Monitoring System Market Revenue Share, by Service (2019 and 2027)
Figure 62. MEA: Transformer Monitoring System Market Revenue Share, by Application (2018 and 2027)
Figure 63. MEA: Transformer Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 64. Saudi Arabia: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. UAE: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. South Africa: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 67. Rest of MEA: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 68. SAM: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 69. SAM: Transformer Monitoring System Market Revenue Share, by Component (2019 and 2027)
Figure 70. SAM: Transformer Monitoring System Market Revenue Share, by Service (2019 and 2027)
Figure 71. SAM: Transformer Monitoring System Market Revenue Share, by Application (2018 and 2027)
Figure 72. SAM: Transformer Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 73. Brazil: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. Argentina: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 75. Rest of SAM: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 76. Impact of COVID-19 Pandemic on Market in North American Countries
Figure 77. Impact of COVID-19 Pandemic on Market in European Countries
Figure 78. Impact of COVID-19 Pandemic on Market in Asia Pacific Countries
Figure 79. Impact of COVID-19 Pandemic on Market in Middle Eastern and African Countries
Figure 80. Impact of COVID-19 Pandemic on Market in South American Countries
The List of Companies - Transformer Monitoring System Market
- ABB LTD.
- EATON CORPORATION
- HONEYWELL INTERNATIONAL, INC.
- KIRLOSKAR ELECTRIC COMPANY
- KJ DYNATECH INC.
- MITSUBISHI CORPORATION
- SCHNEIDER ELECTRIC SE
- SCHWEITZER ENGINEERING LABORATORIES, INC.
- SIEMENS AG
- WILSON TRANSFORMER COMPANY
- Dynamic Ratings
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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