Transformer Monitoring Solutions Market, Global Outlook and Forecast 2023-2032
The global Transformer Monitoring Solutions market was valued at US$ 2022.6 million in 2022 and is projected to reach US$ 2554.7 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A transformer is an electrical equipment that helps in varying the voltage of the electric current. This stepping up and stepping down of the voltage is especially important when a safe amount of electric current is required to be supplied to the end users. 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. Requirement of a transformer monitor is especially important when faults and anomalies within the grid or circuit have to be detected before the complete breakdown of the transformer occurs.
This report aims to provide a comprehensive presentation of the global market for Transformer Monitoring Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Transformer Monitoring Solutions. This report contains market size and forecasts of Transformer Monitoring Solutions in global, including the following market information:
- Global Transformer Monitoring Solutions Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
Global key manufacturers of Transformer Monitors include GE, Hitachi Energy, Siemens, Eaton, etc, Doble Engineering Company, etc. Global top five manufacturers hold a share about 53%. Asia-Pacific is the largest market of Transformer Monitors, holds a sha?
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Transformer Monitoring Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Transformer Monitoring Solutions Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Transformer Monitoring Solutions Market Segment Percentages, by Type, 2022 (%)
- Distribution Transformer Monitor
- Intelligent Transformer Monitors
- Others
Global Transformer Monitoring Solutions Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Transformer Monitoring Solutions Market Segment Percentages, by Application, 2022 (%)
- Industrial and Mining
- Power Station
- High-Rise Buildings
- Airport
- Others
Global Transformer Monitoring Solutions Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Transformer Monitoring Solutions Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Transformer Monitoring Solutions revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Transformer Monitoring Solutions revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- General Electric
- Itron
- Siemens
- Reinhausen Group
- GRID20/20
- Elster Solutions
- GridSense
- ABB
- Itron
- EDMI
- Schweitzer Engineering Laboratories
- Powertech System Integrators
Outline of Major Chapters:
Chapter 1: Introduces the definition of Transformer Monitoring Solutions, market overview.
Chapter 2: Global Transformer Monitoring Solutions market size in revenue.
Chapter 3: Detailed analysis of Transformer Monitoring Solutions company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Transformer Monitoring Solutions in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
