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Transformer Monitoring Market

Report Code EP 4706
Published in Dec, 2023, By MarketsandMarkets™
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Transformer Monitoring Market by Component (Hardware Solutions, Software Solutions), Type (Oil-Immersed, Cast-Resin), Services (Oil Monitoring, Bushing Monitoring, Partial Discharge Monitoring, OLTC Monitoring), Voltage & Region - Global Forecast to 2028

Overview

The Transformer Monitoring market is expected to grow from an estimated USD 2.4 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 9.1% during the forecast period. The transformer monitoring market is expanding as a result of rising need for dependable power supply, increased adoption of smart grid technologies, increased awareness of transformer aging, and developments in sensor technology. Transformer monitoring systems are critical for assuring power grid stability and dependability. They can aid in the detection and prevention of transformer failures, which can result in costly outages. As the need for power grows, so will the demand for transformer monitoring systems.

Attractive Opportunities in the Transformer Monitoring market

NORTH AMERICA:

North America is expected to be the second-fastest market for transformer monitoring market during the forecast period. The growth is attributed to grid infrastructure modernization investments and the shift toward renewable energy.

The market growth can be attributed to factors such as the increasing demand of digitalization in the power utilities sector.

Asia Pacific is estimated to be the largest market during the forecasted period due to the rising focus on increasing investments in renewable energy.

Deals and agreements would offer lucrative opportunities for market players in the next six years.

Growing adoption of big data analytics is expected to offer lucrative opportunities for market players over the next 7 years.

Global Transformer Monitoring market Dynamics

Driver: Digitalization of utilities are promoting use of power transformers

Power utilities are investing in process automation along with digitalizing the monitoring and controlling of the processes. Power utilities require a huge number of sensors and data handling solutions to manage and use the acquired data intelligently. As power companies extend their electrical grids to satisfy the expanding energy demands of residential, commercial, and industrial users, they require more transformers to efficiently distribute electricity. Power utilities are also investing in grid modernization activities to improve reliability and resilience. This includes replacing obsolete transformers and improving aging infrastructure.According to IEA’s article, several countries and regions have had recently put forward strategies and action plans to facilitate the digital transformation of their energy systems, while others are beginning to mandate the use of digital technologies to support clean energy transitions.Transformer monitoring system/solutions play a key role in network monitoring for transmission and distribution utilities while at the generation end. Monitoring generation transformers becomes critical before feeding the electricity to the grid. Collaborations with third-party vendors and service providers are common in the digitalization of the power sector. Thus, digitalization of the utilities is likely to boost the demand for transformer monitoring systems.

Restraints: Cost barrier is hindering the growth of power transformers

The cost barrier is a multidimensional impediment to broad adoption of power transformer monitoring devices. The significant upfront expenditure necessary for hardware, software, and installation can initially deter utilities and organizations particularly those with limited budgets. The continuing maintenance and calibration costs associated with complicated monitoring systems compound this budgetary limitation, raising the total cost of ownership. Retrofitting older transformers with monitoring equipment adds another financial barrier, frequently needing costly upgrades or replacements that organizations may find difficult to pay. The cumulative cost of establishing monitoring systems across all units can become a considerable hurdle for large-scale utilities or enterprises controlling several transformers.Further, raw material costs, such as copper and steel, have a direct impact on transformer prices. Price fluctuations in these important components can cause cost uncertainty for both manufacturers and purchasers. Furthermore, the development of environmentally friendly and energy-efficient transformers, driven by severe laws, frequently necessitates the use of new technologies and materials, which can raise production costs even further. To overcome these cost barriers, innovative financing solutions, government incentives, and industry collaboration are required to drive down costs and make power transformers more accessible, especially considering rising electricity demand and the need for a resilient and sustainable power grid.

 

Opportunity: Growth of big data analytic

Big data analytics is driving demand for power transformers, and its influence on the energy sector is significant. Foremost, big data analytics enable utilities to optimize their power systems by gathering and analysing massive amounts of real-time data on electricity demand and supply. This data-driven strategy enables more efficient grid operations and increases overall system efficiency. To fulfil the demands of this data-driven era, utilities frequently require contemporary power transformers that can adjust to varying loads and interact easily with data analytics systems.Big data analytics can provide predictive maintenance for power transformers. Analytics can detect possible difficulties and failures in transformers before they become significant by scrutinizing previous data and performance trends. This preventive maintenance strategy not only minimizes downtime but also increases transformer lifespan, making them more cost-effective for utilities in the long term. For instance, in June 2020, HPE launched HPE Ezmeral, which is a new software portfolio and brand that will accelerate data-driven transformation across organizations. HPE Ezmeral provides a complete portfolio, including container orchestration and management, AI/ML and data analytics, cost control, IT automation and AI-driven operations, and security. Similarly in 2020 ABB’s fully functional Ability Power Transformer was launched that provides with integrated solution for digitally enabled power transformers, fundamentally changing the transformer paradigm.In addition, the energy efficiency landscape is evolving with the help of data analytics. These tools can pinpoint opportunities for energy savings by optimizing transformer operations. This increased focus on energy efficiency is spurring the adoption of more advanced and efficient transformers that align with sustainability goals, ensuring that power distribution systems are both reliable and environmentally responsible. As renewable energy sources like wind and solar power continue to grow, utilities are challenged with managing variable and intermittent power generation. Big data analytics come to the rescue by forecasting renewable energy output and facilitating the necessary adjustments to grid infrastructure. This often requires the integration of new and innovative transformers capable of handling the dynamics of renewable energy integration. Moreover, the rise of big data analytics is altering the energy sector in a variety of ways, having a direct impact on demand for power transformers. These transformers are critical for assuring power grid adaptability, efficiency, and reliability as they change to meet the challenges and opportunities posed by data analytics-driven energy systems.

Challenges: Acceptance level among end users

Acceptance of power transformer monitoring systems faces several obstacles when it comes to end users. Traditional and well-established industries may exhibit resistance to change, as they are accustomed to their existing practices and may be hesitant to adopt new technologies. The perceived complexity of monitoring systems can be a deterrent, with concerns over specialized knowledge requirements and potential disruptions to current operations. Moreover, data privacy and security issues can cast a shadow of doubt, as end users worry about the risk of data breaches and unauthorized access to sensitive information. Additionally, the initial costs of hardware, software, and installation pose a financial barrier, especially for organizations operating with limited budgets. The necessity for additional training and education to effectively operate monitoring technology can contribute to hesitancy among end users, who may fear the resource investment required for workforce proficiency. Furthermore, a lack of awareness about the benefits of power transformer monitoring can hinder acceptance, as some end users may not fully grasp how these systems can enhance their operations.Additionally, incentivizing the adoption of monitoring systems through subsidies or financial mechanisms can make it more attractive, particularly for those concerned about the initial costs. Overall, raising awareness and education about the benefits of power transformer monitoring is pivotal in encouraging acceptance among end users and driving the adoption of this transformative technology.

Global Transformer Monitoring market Ecosystem Analysis

Notable players in this industry comprise long-standing, financially robust manufacturers of Market and related components. These companies have a significant track record in the market, offering a wide range of products, employing cutting-edge technologies, and maintaining robust global sales and marketing networks. Prominent companies in this market include GE (US), ABB (Switzerland), Siemens Energy AG (Germany), Schneider Electric (France), and Eaton (Ireland).

Cast-resin, is expected to be the second-largest market, based on type.

Cast resin transformers are the second largest section of the transformer monitoring system market for numerous reasons. For instance, cast resin transformers are more fire-resistant than liquid-filled transformers, making them a safer choice for usage in high-risk areas. Second, because they do not contain any harmful substances, cast resin transformers are more environmentally friendly. Third, compared to liquid-filled transformers, cast resin transformers are more compact and lighter, making them easier to install and carry. Finally, because cast resin transformers do not need to be replenished with oil on a regular basis, they require less maintenance than liquid-filled transformers.

Software solutions, by component, to hold the fastest market share during the forecast period.

The software solutions segment is the fastest growing segment of the transformer monitoring market because it offers various advantages over hardware solutions. Software solutions are more adaptable and scalable, and they can be tailored to each utility's unique requirements. Furthermore, software solutions are less expensive to deploy and maintain than hardware ones. Furthermore, software solutions offer more functionality than hardware solutions, such as real-time data visualization, analytics, and reporting. These characteristics assist utilities better understand the health and performance of their transformers, allowing them to identify and rectify problems before they create outages.

ASIA PACIFIC Region Holds the Largest Share of the Transformer Monitoring Market

The region's rapid urbanization and industrialization, coupled with massive technological advancements is making Asia Pacific the fastest growing region for transformer monitoring. China is Asia Pacific’s largest and fastest growing market, owing to the country’s massive renewable energy projects and vast manufacturing potential. Transformers become increasingly prone to failure as they age. Transformer monitoring system can aid in the detection and prevention of these problems, which can result in costly outages. In Asia Pacific, the growing reliance on renewable energy sources is also pushing the market for transformer monitoring systems, as renewable energy sources, are erratic and might cause price volatility.

Recent Developments of Transformer Monitoring market industry

  • In October 2023, Eaton invested USD 85 million to increase the manufacturing of utility solutions to advance energy transitions and electrifications. These investments in regional manufacturing increases the supplies for transformers, regulators, switchgears, and their utility equipment. These investments would help the manufacturers to integrate condition monitoring in their transformers. In September 2023, Schneider Electric has invested USD 300 million to establish an electrical equipment manufacturing plant in El Paso, Texas, US. This expansion will help Schneider Electric to manufacture monitoring devices for transformers and other electrical appliances.
  • In October 2022, Schneider Electric had offered a solution that extends transformer lifetime. By incorporating digital transformation through the implementation of IoT sensors and expert analysis, Schneider Electric monitor’s transformer insulation health. The EcoStruxture Transformer Expert is an affordable and accurate transformer monitoring, also has the ability to offer automated insights.

Key Market Players

KEY PLAYERS IN THE Transformer Monitoring market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2021–2028
Base year considered 2022
Forecast period 2023–2028
Forecast units Value (USD)
Segments covered Component, Type, Services, Voltage, Application, and Region
Geographies covered Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies covered GE (US), ABB (Switzerland), Siemens Energy AG (Germany), Schneider Electric (France), Eaton (Ireland), Mistras Group (US), Mitsubishi Electrical Corporation (Japan), Vaisala (Finland), Hitachi Energy Ltd (Switzerland), KJ Dynatech Inc (Japan), Maschinenfabrik Reinhausen GmbH (Germany), Qualitrol (US), Gasera (Finland), Doble Engineering Company (US), and Wilson Transformers (US).

 

Key Questions Addressed by the Report

What is the current size of the Transformer Monitoring market?
The current market size of the global Transformer Monitoring market is USD 2.4 billion in 2023.
What are the major drivers for the Transformer Monitoring market?
The global Transformer Monitoring market is driven by increased investments in renewable energy and clean energy.
Which is the fastest-growing region during the forecasted period in the Transformer Monitoring market?
Asia Pacific is the fastest-growing market; the Asia Pacific region emerged as a notably expanding market for transformer monitoring.
Which is the largest segment, by services during the forecasted period in the Transformer Monitoring market?
Oil monitoring services dominate the transformer monitoring market services segment due to their critical role in assessing transformer health. By analyzing oil parameters, such as temperature and chemical composition, these services enable early detection of issues, supporting proactive maintenance and optimizing transformer performance for enhanced reliability and longevity.
Which is the largest segment, by application during the forecasted period in the Transformer Monitoring market?
Power transformers are the most important section of the transformer monitoring market since they are the most crucial components of power networks. They are in charge of increasing or decreasing the voltage of electricity, which is required for effective power transmission and distribution.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
23
RESEARCH METHODOLOGY
29
EXECUTIVE SUMMARY
42
PREMIUM INSIGHTS
47
MARKET OVERVIEW
52
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing focus on digitalization of utilities
    - Increased investments in renewable and clean energy generation
    - Growing use of monitoring systems for transformers
    RESTRAINTS
    - High hardware, software, and installation costs
    OPPORTUNITIES
    - Growing use of big data analytics in energy industry
    - Increased investments in offshore wind farms
    CHALLENGES
    - Low acceptance among end users
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.4 ECOSYSTEM MAPPING
  • 5.5 VALUE CHAIN ANALYSIS
    RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS
    TRANSFORMER MONITORING SYSTEM MANUFACTURERS/ASSEMBLERS
    DISTRIBUTORS/RESELLERS
    END USERS
    MAINTENANCE/SERVICE PROVIDERS
  • 5.6 TECHNOLOGY ANALYSIS
    SENSORS AND INTERNET OF THINGS (IOT)
    DATA ANALYTICS AND ARTIFICIAL INTELLIGENCE (AI)
    DIGITAL TWINS AND SIMULATION
    CLOUD-BASED AND MOBILE SOLUTIONS
  • 5.7 PATENT ANALYSIS
  • 5.8 TRADE ANALYSIS
    IMPORT SCENARIO FOR HS CODE 850423-COMPLIANT PRODUCTS
    EXPORT SCENARIO FOR HS CODE 850423-COMPLIANT PRODUCTS
    IMPORT SCENARIO FOR HS CODE 850421-COMPLIANT PRODUCTS
    EXPORT SCENARIO FOR HS CODE 850421-COMPLIANT PRODUCTS
  • 5.9 PRICING ANALYSIS
  • 5.10 TARIFF ANALYSIS
  • 5.11 STANDARDS AND REGULATORY LANDSCAPE
    STANDARDS RELATED TO TRANSFORMER MONITORING SYSTEMS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.12 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.13 CASE STUDY ANALYSIS
    EARLY DETECTION OF TEMPERATURE, OIL QUALITY, GAS LEVELS, AND ELECTRICAL CHARACTERISTICS IN TRANSFORMERS BY CONDITION MONITORING
    - Problem statement
    - Solution
    GUJARAT POWER RESEARCH & DEVELOPMENT (GPRD) DEPLOYED SYSTEM LEVEL SOLUTIONS (SLS)’S REAL-TIME TRANSFORMER MONITORING SYSTEM (TMS) FOR REAL-TIME TRANSFORMER MONITORING
    - Problem statement
    - Solution
    OMICRON ELECTRONICS GMBH WAS CONTRACTED BY SUBSTATION BASED IN AUSTRIA TO RECTIFY PARTIAL DISCHARGE AND ENSURE OPERATIONAL SAFETY AND RELIABILITY
    - Problem statement
    - Solution
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.15 KEY CONFERENCES AND EVENTS, 2023–2024
TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE
89
  • 6.1 INTRODUCTION
  • 6.2 LOW VOLTAGE
    HIGHLY USED TO POWER DEVICES AND SYSTEMS REQUIRING LOWER VOLTAGE
  • 6.3 MEDIUM VOLTAGE
    USED TO STEP DOWN HIGHER VOLTAGES SUPPLIED BY GRID TO LEVELS APPROPRIATE FOR INDUSTRIAL OPERATIONS, ENSURING SAFE AND MANAGEABLE ELECTRICITY DISTRIBUTION
  • 6.4 HIGH AND EXTRA HIGH VOLTAGE
    FACILITATES EARLY FAULT DETECTION, COMPLIANCE ADHERENCE, AND REMOTE OVERSIGHT
TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES
94
  • 7.1 INTRODUCTION
  • 7.2 OIL MONITORING
    HELPS DETECT ISSUES EARLY AND EXTEND OPERATIONAL LIFE OF TRANSFORMERS
  • 7.3 BUSHING MONITORING
    ENSURES INTEGRITY AND PREVENTS CRIPPLING OF TRANSFORMER, CIRCUIT BREAKER, OR SHUNT REACTOR BUSHING FAILURE
  • 7.4 PARTIAL DISCHARGE (PD) MONITORING
    ENABLES EARLY PROBLEM IDENTIFICATION AND PREVENTATIVE MAINTENANCE
  • 7.5 ON-LOAD TAP CHANGER (OLTC) MONITORING
    ENSURES PROPER FUNCTIONING BY MODIFYING TURN RATIO OF TRANSFORMERS AND ADJUSTING VOLTAGE UNDER VARIOUS LOAD SITUATIONS
  • 7.6 OTHER SERVICES
TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT
100
  • 8.1 INTRODUCTION
  • 8.2 HARDWARE SOLUTIONS
    INCREASED EFFORTS TO IMPROVE EFFICIENCY, RELIABILITY, AND LONGEVITY OF POWER TRANSFORMERS TO DRIVE DEMAND
  • 8.3 SOFTWARE SOLUTIONS
    GROWING ADOPTION FOR PREVENTATIVE MAINTENANCE, IMPROVING POWER TRANSFORMER PERFORMANCE, AND TRANSFORMING RAW DATA INTO USABLE INSIGHTS TO DRIVE MARKET
TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION
104
  • 9.1 INTRODUCTION
  • 9.2 POWER TRANSFORMERS
    CAPABILITY TO DETECT ANOMALIES FOR INFORMED DECISION-MAKING TO DRIVE DEMAND
  • 9.3 DISTRIBUTION TRANSFORMERS
    ABILITY TO REMOTELY MONITOR AND CONTROL POWER DISTRIBUTION TO FUEL DEMAND
  • 9.4 OTHER APPLICATIONS
TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE
111
  • 10.1 INTRODUCTION
  • 10.2 OIL-IMMERSED
    USED IN UTILITIES TO HANDLE POSSIBLE FAULTS, REDUCE UNPLANNED OUTAGES, AND OPTIMIZE TRANSFORMER PERFORMANCE
  • 10.3 CAST-RESIN
    IDEAL FOR REAL-TIME ASSESSMENT OF SOLID INSULATION CONDITION
  • 10.4 OTHER TYPES
TRANSFORMER MONITORING SYSTEM MARKET, BY REGION
116
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    NORTH AMERICAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT
    US
    - Growing electricity demand and need for reliable and efficient operation of power utilities
    CANADA
    - Rising use to reduce operational risks and ensure reliability of power transformers in technologically evolving landscape
    MEXICO
    - Increasing use of renewable energy and growing emphasis on sustainability and grid resilience
  • 11.3 EUROPE
    EUROPEAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT
    UK
    - Growing adoption of innovative monitoring systems
    GERMANY
    - Expansion of T&D network with shift from nuclear and fossil fuels to renewable energy
    FRANCE
    - Decommissioning of aging nuclear plants and growing importance of reliable and efficient power infrastructure
    ITALY
    - Increased power consumption and use of renewable energy sources
    RUSSIA
    - Rising government-led investments in modernization of power grids
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT
    CHINA
    - Rising focus on grid stability and sustainability
    JAPAN
    - Increasing need for modernized and resilient power grids
    INDIA
    - Growing need for dependable and efficient power supply and aging transformer infrastructure
    SOUTH KOREA
    - Increased power consumption and adoption of renewable sources for electricity production
    AUSTRALIA
    - Increasing electricity demand, growing share of renewable energy sources, and rising adoption of distributed generation
    REST OF ASIA PACIFIC
  • 11.5 SOUTH AMERICA
    SOUTH AMERICAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT
    BRAZIL
    - Growing solar power generation
    ARGENTINA
    - Increased hydroelectricity generation
    VENEZUELA
    - Presence of aging and underinvested power grids
    REST OF SOUTH AMERICA
  • 11.6 MIDDLE EAST & AFRICA
    MIDDLE EASTERN & AFRICAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT
    GCC COUNTRIES
    - High electricity demand in residential sector
    - UAE
    - SAUDI ARABIA
    - QATAR
    - REST OF GCC COUNTRIES
    IRAN
    - Growing use of renewable energy sources and aging transformer infrastructure
    ALGERIA
    - Growing deployment in power grids and oil & gas fields
    SOUTH AFRICA
    - Increased power generation using coal and growing use to improve transformer dependability and longevity by giving real-time data on performance and potential defects
    REST OF MIDDLE EAST & AFRICA
COMPETITIVE LANDSCAPE
158
  • 12.1 OVERVIEW
  • 12.2 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS
  • 12.3 MARKET SHARE ANALYSIS, 2022
  • 12.4 REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022
  • 12.5 COMPETITIVE SCENARIOS AND TRENDS
    DEALS
    OTHERS
  • 12.6 COMPANY EVALUATION MATRIX, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 12.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
COMPANY PROFILES
178
  • 13.1 KEY PLAYERS
    SIEMENS ENERGY AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ABB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SCHNEIDER ELECTRIC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    EATON
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MISTRAS GROUP
    - Business overview
    - Products/Solutions/Services offered
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    VAISALA
    - Business overview
    - Products/Solutions/Services offered
    HITACHI ENERGY LTD
    - Business overview
    - Products/Solutions/Services offered
    KJ DYNATECH, INC.
    - Business overview
    - Products/Solutions/Services offered
    MASCHINENFABRIK REINHAUSEN GMBH
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    QUALITROL
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GASERA
    - Business overview
    - Products/Solutions/Services offered
    DOBLE ENGINEERING COMPANY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    WILSON TRANSFORMERS
    - Business overview
    - Products/Solutions/Services offered
  • 13.2 OTHER PLAYERS
    SAIELECTRICAL
    CAMLIN LTD
    TREETECH
    EMCO ELECTRONICS
    ADVANCED POWER TECHNOLOGIES LLC
    KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD.
    CMSGP
    UBICQUIA, INC
    AVL INDIA PRIVATE LTD
APPENDIX
216
  • 14.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT
  • TABLE 2 PROJECTS BY DIFFERENT COUNTRIES FOR ENERGY TRANSITION
  • TABLE 3 COMPANIES AND THEIR ROLE IN TRANSFORMER MONITORING ECOSYSTEM
  • TABLE 4 TRANSFORMER MONITORING SYSTEM MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2019–2023
  • TABLE 5 IMPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
  • TABLE 6 EXPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
  • TABLE 7 IMPORT DATA FOR HS CODE 850421-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
  • TABLE 8 EXPORT DATA FOR HS CODE 850421-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
  • TABLE 9 AVERAGE SELLING PRICE (ASP) OF TRANSFORMER MONITORING SYSTEMS, BY APPLICATION, 2021, 2022, 2023, AND 2028 (USD/UNIT)
  • TABLE 10 AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021, 2022, AND 2030 (USD/UNIT)
  • TABLE 11 TARIFF LEVIED ON TRANSFORMER MONITORING SYSTEMS (HS CODE 850423), 2022
  • TABLE 12 TARIFF LEVIED ON TRANSFORMER MONITORING SYSTEMS (HS CODE 850421), 2022
  • TABLE 13 TRANSFORMER MONITORING SYSTEM MARKET: NORTH AMERICAN STANDARDS
  • TABLE 14 TRANSFORMER MONITORING SYSTEM MARKET: EUROPEAN STANDARDS
  • TABLE 15 TRANSFORMER MONITORING SYSTEM MARKET: ASIA PACIFIC STANDARDS
  • TABLE 16 TRANSFORMER MONITORING SYSTEM MARKET: INTERNATIONAL STANDARDS
  • TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 21 TRANSFORMER MONITORING SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 22 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SERVICES
  • TABLE 23 KEY BUYING CRITERIA FOR TOP THREE SERVICES
  • TABLE 24 TRANSFORMER MONITORING SYSTEM MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2023–2024
  • TABLE 25 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 26 LOW VOLTAGE: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 27 MEDIUM VOLTAGE: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 28 HIGH VOLTAGE: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 29 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 30 OIL MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 31 BUSHING MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 32 PARTIAL DISCHARGE (PD) MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 33 ON-LOAD TAP CHANGER (OLTC) MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 34 OTHER SERVICES: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 35 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 36 HARDWARE SOLUTIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 37 SOFTWARE SOLUTIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 38 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
  • TABLE 39 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (UNITS)
  • TABLE 40 POWER TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 41 POWER TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (UNITS)
  • TABLE 42 DISTRIBUTION TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 43 DISTRIBUTION TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (UNITS)
  • TABLE 44 OTHER APPLICATIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 45 OTHER APPLICATIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (UNITS)
  • TABLE 46 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 47 OIL-IMMERSED: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 48 CAST-RESIN: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 49 OTHER TYPES: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 50 TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION)
  • TABLE 51 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 52 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 53 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 54 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 55 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
  • TABLE 56 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 57 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 58 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 59 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 60 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 61 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
  • TABLE 62 US: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 63 CANADA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 64 MEXICO: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 65 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 66 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 67 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 68 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 69 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 70 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
  • TABLE 71 UK: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 72 GERMANY: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 73 FRANCE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 74 ITALY: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 75 RUSSIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 76 REST OF EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 77 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET , BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 78 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 79 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 80 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 81 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 82 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
  • TABLE 83 CHINA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 84 JAPAN: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 85 INDIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 86 SOUTH KOREA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 87 AUSTRALIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 88 REST OF ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 89 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 90 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 91 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 92 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 93 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 94 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
  • TABLE 95 BRAZIL: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 96 ARGENTINA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 97 VENEZUELA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 98 REST OF SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 99 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 100 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
  • TABLE 101 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 102 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION)
  • TABLE 103 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION)
  • TABLE 104 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
  • TABLE 105 UAE: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
  • TABLE 106 UAE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 107 UAE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 108 SAUDI ARABIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 109 QATAR: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 110 REST OF GCC COUNTRIES: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 111 IRAN: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 112 ALGERIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 113 SOUTH AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 114 REST OF MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION)
  • TABLE 116 TRANSFORMER MONITORING SYSTEM MARKET: DEALS, 2018–2023
  • TABLE 117 TRANSFORMER MONITORING SYSTEM MARKET: OTHERS, 2018–2023
  • TABLE 118 COMPONENT: COMPANY FOOTPRINT
  • TABLE 119 TYPE: COMPANY FOOTPRINT
  • TABLE 120 SERVICES: COMPANY FOOTPRINT
  • TABLE 121 VOLTAGE: COMPANY FOOTPRINT
  • TABLE 122 APPLICATION: COMPANY FOOTPRINT
  • TABLE 123 REGION: COMPANY FOOTPRINT
  • TABLE 124 COMPANY OVERALL FOOTPRINT
  • TABLE 125 TRANSFORMER MONITORING SYSTEM MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 126 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY COMPONENT
  • TABLE 127 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY TYPE
  • TABLE 128 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY SERVICES
  • TABLE 129 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY VOLTAGE
  • TABLE 130 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
  • TABLE 131 KEY STARTUPS/SMES OVERALL FOOTPRINT
  • TABLE 132 SIEMENS ENERGY AG: COMPANY OVERVIEW
  • TABLE 133 SIEMENS ENERGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 134 SIEMENS ENERGY AG: PRODUCT LAUNCHES
  • TABLE 135 ABB: COMPANY OVERVIEW
  • TABLE 136 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 137 ABB: PRODUCT LAUNCHES
  • TABLE 138 GE: COMPANY OVERVIEW
  • TABLE 139 GE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 140 GE: DEALS
  • TABLE 141 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
  • TABLE 142 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 143 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
  • TABLE 144 SCHNEIDER ELECTRIC: DEALS
  • TABLE 145 SCHNEIDER ELECTRIC: OTHERS
  • TABLE 146 EATON: COMPANY OVERVIEW
  • TABLE 147 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 148 EATON: OTHERS
  • TABLE 149 MISTRAS GROUP: COMPANY OVERVIEW
  • TABLE 150 MISTRAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 151 MITSUBISHI ELECTRICAL CORPORATION: COMPANY OVERVIEW
  • TABLE 152 MITSUBISHI ELECTRICAL CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 153 MITSUBISHI ELECTRICAL CORPORATION: DEALS
  • TABLE 154 VAISALA: COMPANY OVERVIEW
  • TABLE 155 VAISALA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 156 HITACHI ENERGY LTD: COMPANY OVERVIEW
  • TABLE 157 HITACHI ENERGY LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 158 KJ DYNATECH, INC.: COMPANY OVERVIEW
  • TABLE 159 KJ DYNATECH, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 160 MASCHINENFABRIK REINHAUSEN GMBH: COMPANY OVERVIEW
  • TABLE 161 MASCHINENFABRIK REINHAUSEN GMBH: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 162 MASCHINENFABRIK REINHAUSEN GMBH: DEALS
  • TABLE 163 MASCHINENFABRIK REINHAUSEN GMBH: OTHERS
  • TABLE 164 QUALITROL: COMPANY OVERVIEW
  • TABLE 165 QUALITROL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 166 QUALITROL: PRODUCT LAUNCHES
  • TABLE 167 GASERA: COMPANY OVERVIEW
  • TABLE 168 GASERA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 169 DOBLE ENGINEERING COMPANY: COMPANY OVERVIEW
  • TABLE 170 DOBLE ENGINEERING COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 171 DOBLE ENGINEERING COMPANY: PRODUCT LAUNCHES
  • TABLE 172 DOBLE ENGINEERING COMPANY: DEALS
  • TABLE 173 WILSON TRANSFORMERS: COMPANY OVERVIEW
  • TABLE 174 WILSON TRANSFORMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
LIST OF FIGURES
 
  • FIGURE 1 TRANSFORMER MONITORING SYSTEM MARKET: RESEARCH DESIGN
  • FIGURE 2 DATA TRIANGULATION
  • FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR TRANSFORMER MONITORING SYSTEMS
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF TRANSFORMER MONITORING SYSTEMS
  • FIGURE 7 TRANSFORMER MONITORING SYSTEM MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 8 INDUSTRY CONCENTRATION, 2022
  • FIGURE 9 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD
  • FIGURE 10 HARDWARE SOLUTIONS SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD
  • FIGURE 11 OIL-IMMERSED SEGMENT TO DOMINATE TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD
  • FIGURE 12 POWER TRANSFORMERS SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD
  • FIGURE 13 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD
  • FIGURE 14 OIL MONITORING SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD
  • FIGURE 15 RISING ADOPTION OF EFFICIENT POWER DISTRIBUTION SYSTEMS
  • FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 17 OIL MONITORING SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC TRANSFORMER MONITORING SYSTEM MARKET IN 2022
  • FIGURE 18 HARDWARE SOLUTIONS SEGMENT TO DOMINATE TRANSFORMER MONITORING SYSTEM MARKET IN 2028
  • FIGURE 19 OIL-IMMERSED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028
  • FIGURE 20 POWER TRANSFORMERS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028
  • FIGURE 21 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028
  • FIGURE 22 OIL MONITORING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028
  • FIGURE 23 TRANSFORMER MONITORING SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 24 INVESTMENTS IN DIGITALIZATION OF TRANSFORMERS, 2015–2022 (USD BILLION)
  • FIGURE 25 GLOBAL CLEAN ENERGY INVESTMENTS, 2015–2023 (USD BILLION)
  • FIGURE 26 ENERGY TRANSITION INVESTMENTS, BY TOP 10 COUNTRIES, 2021 (%)
  • FIGURE 27 ENERGY TRANSITION INVESTMENTS, BY SECTOR, 2021 (USD BILLION)
  • FIGURE 28 ELECTRICITY CONSUMPTION, BY COUNTRY, 2022 (TWH)
  • FIGURE 29 NEW OFFSHORE INSTALLATIONS, 2016–2022 (MW)
  • FIGURE 30 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 31 TRANSFORMER MONITORING SYSTEM MARKET: ECOSYSTEM MAPPING
  • FIGURE 32 TRANSFORMER MONITORING SYSTEM MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 33 TRANSFORMER MONITORING SYSTEM MARKET: PATENT REGISTRATIONS, 2012–2022
  • FIGURE 34 IMPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
  • FIGURE 35 EXPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
  • FIGURE 36 IMPORT SCENARIO FOR HS CODE 850421-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
  • FIGURE 37 EXPORT DATA FOR HS CODE 850421-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND)
  • FIGURE 38 AVERAGE SELLING PRICE (ASP) OF TRANSFORMER MONITORING SYSTEMS, BY APPLICATION, 2021, 2022, 2023, AND 2028 (USD/UNIT)
  • FIGURE 39 AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021, 2022, AND 2030 (USD/UNIT)
  • FIGURE 40 TRANSFORMER MONITORING SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 41 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SERVICES
  • FIGURE 42 KEY BUYING CRITERIA FOR TOP THREE SERVICES
  • FIGURE 43 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2022
  • FIGURE 44 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2022
  • FIGURE 45 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2022
  • FIGURE 46 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2022
  • FIGURE 47 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2022
  • FIGURE 48 TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2022 (%)
  • FIGURE 49 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 50 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT
  • FIGURE 51 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT
  • FIGURE 52 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT
  • FIGURE 53 TRANSFORMER MONITORING SYSTEM MARKET: MAJOR STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023
  • FIGURE 54 TRANSFORMER MONITORING SYSTEM MARKET SHARE ANALYSIS, 2022
  • FIGURE 55 TRANSFORMER MONITORING SYSTEM MARKET: ANNUAL REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022
  • FIGURE 56 TRANSFORMER MONITORING SYSTEM MARKET: COMPANY EVALUATION MATRIX, 2022
  • FIGURE 57 TRANSFORMER MONITORING SYSTEM MARKET: STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
  • FIGURE 58 SIEMENS ENERGY AG: COMPANY SNAPSHOT
  • FIGURE 59 ABB: COMPANY SNAPSHOT
  • FIGURE 60 GE: COMPANY SNAPSHOT
  • FIGURE 61 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 62 EATON: COMPANY SNAPSHOT
  • FIGURE 63 MISTRAS GROUP: COMPANY SNAPSHOT
  • FIGURE 64 MITSUBISHI ELECTRICAL CORPORATION: COMPANY SNAPSHOT
  • FIGURE 65 VAISALA: COMPANY SNAPSHOT

 

The study involved major activities in estimating the current size of the transformer monitoring market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the Transformers Monitoring market involved the use of extensive secondary sources, directories, and databases, such as The Transformer Association, American Public Power Association, Transformer Manufacturing Association of America, National Electrical Manufacturers Association, US Department of Energy, Electro-Federation Canada (EFC), The European Power Supplies Manufacturers' Association, China Electronic Production Equipment Industry Association, and Bureau of Energy Efficiency, to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The transformer monitoring market comprises several stakeholders such as transformer monitoring manufacturers, manufacturers of subcomponents of transformer monitoring, manufacturing technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand for utilities and microgrid companies that utilize transformer monitoring systems to meet their sustainability requirements are categorized as end users. Moreover, the increasing requirement for reliable power supply, aging infrastructure, and the growing adoption of smart grid technologies are driving increased demand for transformer monitoring. Transformer monitoring ensures preventative maintenance, reduces downtime, and improves the operation of power distribution systems.

Transformer Monitoring Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Transformers Monitoring market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Transformer Monitoring Market Size: Top-down Approach

Transformer Monitoring Market Top Down Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Global Transformer Monitoring Market Size: Bottom-Up Approach

Transformer Monitoring Market Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

Transformer monitoring actively analyses numerous operating variables to ensure optimal operation. Transformer monitors collect data and transmit alarms to alert the user if something appears to be wrong. Transformer monitors detects the signs of transformer failure by monitoring the cooling system, load tap changer, dissolved gas, bushing power factor and capacitance, partial discharge, oil levels, pressure, temperatures and other parameters.

Key Stakeholders

  • Transformer Manufacturing Companies
  • Builders and Contractors
  • Government and Industry Associations
  • Investment and Consulting Firms
  • Power Distribution Utilities
  • Power transformer component manufacturers, dealers, and suppliers
  • Substation equipment manufacturing companies
  • Power grid project developers
  • Process and Manufacturing Plants
  • State and National Regulatory Authorities
  • State- or Government-Owned Corporations

Objectives of the Study

  • To define, describe, segment, and forecast the Transformer Monitoring market, in terms of value and volume, component, type, services, voltage, application, and region
  • To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and Middle East & Africa, along with their key countries
  • To provide detailed information about the key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To analyze market opportunities for stakeholders and the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as deals and agreements in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

Previous Versions of this Report

Transformer Monitoring Market by Component (Hardware Solutions, Software Solutions), Type (Oil-Immersed, Cast-Resin), Services (Oil Monitoring, Bushing Monitoring, Partial Discharge Monitoring, OLTC Monitoring), Voltage & Region - Global Forecast to 2028

Report Code EP 4706
Published in Nov, 2016, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Transformer Monitoring Market

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