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.
One trend that boosting market growth is the introduction of automated high voltage transformer monitoring solutions. High voltage power transformers are used by the power industry worldwide to control and deliver electricity. But most of these transformers are over 50 years old, which means that they are nearing the end of their functional lifetimes.
A key growth driver is the increasing demand for electricity in emerging markets. APAC is an emerging region undergoing significant changes. Countries such as China, Thailand, the Philippines, Vietnam, India, Japan, and Australia are witnessing extensive growth of their economies along with industrial development and commercialization. Therefore, demand for power in these countries is also increasing.
In 2018, the global Transformer Monitoring Solutions market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Transformer Monitoring Solutions status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Transformer Monitoring Solutions development in United States, Europe and China.
The key players covered in this study
Silver Spring Networks
Schweitzer Engineering Laboratories
Powertech System Integrators
Market segment by Type, the product can be split into
Distribution Transformer Monitor
Intelligent Transformer Monitors
Market segment by Application, split into
Industrial and Mining
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Transformer Monitoring Solutions status, future forecast, growth opportunity, key market and key players.
To present the Transformer Monitoring Solutions development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Transformer Monitoring Solutions are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.