Scope of the Study
Power transformers are an important part of the power system used for step up and down the power to make usable for electricity consumers. In order to ensure continuous and safe transmission of electricity from the power generation plant to the end-users, the transformers utilized for this purpose have to be monitored continuously in real-time. This is achieved by installing a transformer monitoring system within a transformer housing. The transformer monitoring system is an efficient tool to monitor and diagnose status and condition of the transformer and its equipment. The requirement of a transformer monitoring system is especially important when faults and anomalies within the grid or circuit have to be detected before the complete breakdown of the transformer occurs.
The market study is being classified by Type (Hardware Solutions and IT Solutions), by Application (Power Generation Transformer, Transmission & Distributor Transformer and Others (Electric Railway Transformer)) and major geographies with country level break-up.
ABB (Switzerland), GE Grid Solutions, LLC (United States), Siemens (Germany), Eaton Corporation (Ireland), Alstom (France), Schneider Electric (France), Honeywell International, Inc. (United States), HZ Electric Supply Co. (United States), Kirloskar Electric Co., Ltd. (India), KJ Dynatech Inc. (South Korea) and Mitsubishi Corporation (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Transformer Monitoring System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Transformer Monitoring System market by Type, Application and Region.
On the basis of geography, the market of Transformer Monitoring System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in the Installation of Distributor Transformers
- Increased Investments in the Renewable Energy Sources
- Increasing Need for Cost-Effective Management of Transformer Monitoring
- High Demand for Innovative Solutions for Monitoring Systems
- High Cost Associated With Transformer Monitoring
- Growing Big Data Analytics
- Increasing Digitalization of the Power Utilities
- Increasing Number of Transformer Failure Cases Due To Heavy Loads
- Low Acceptance of Transformer Monitoring System among End-Users
On 23rd April 2018, ABB has launched the world’s first digitally integrated power transformer. These transformers are enabled with digital capabilities, enabling remote monitoring and data analytics of its vital parameters in real-time. This will enhance reliability and enable higher utilization of grid assets and power networks.
Key Target AudienceTransformer Monitoring System Providers, Research Professionals, Emerging Companies, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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