[144 Pages Report] The global transformer monitoring system market was valued at USD 2.68 Billion in 2015, and is expected to grow at a CAGR of 12.77% from 2016 to 2021. The evolution of internet of things and bigdata analytics have spurred the demand for digitalization of utilities and smart grids investments, which are likely to drive the demand for transformer monitoring systems. Moreover, increased renewable investments have additionally generated the demand for transformer monitoring solutions :

Historical Year � 2014

Base Year � 2015

Estimated Year � 2016

Projected Year � 2021

Forecast Period � 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

The objective of the study is to define, describe, and forecast the global transformer monitoring systems market by type, application, service, and region. The report also aims to provide detailed information regarding the major factors influencing the growth of the market such as drivers, restraints, opportunities, and industry-specific challenges related to the market.

Research Methodology

The research methodology for transformer monitoring system with the capturing of data on the key vendor revenues through secondary research, annual reports, government publishing sources, IEEE, Factiva, Bloomberg, and press releases. These sources were also used to identify and collect information useful for a technical, market-oriented, and commercial study of the global transformer monitoring systems market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry�s value chain. The points given below further explain the research methodology.

Study of annual revenue and market developments of major players providing transformer monitoring system

Analysis of major applications and demand for transformer monitoring systems from the power utilities

Study of the market trends in various regions/countries supported by application of transformer monitoring system in distribution transformers, power transformers, and others. Others include generator transformers and specialty transformers

Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing transformer monitoring system across the globe

The breakdown of the profiles of the primary participants is depicted in the figure given below:

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Market Ecosystem:

The ecosystem of the global transformer monitoring system market includes components manufacturer and software developing companies. These components and software are then integrated by the OEM or integrators such as ABB Ltd., Eaton Corporation Plc., and General Electric, to form a transformer monitoring system. The end-users of transformer monitoring system are public and private utility companies and electricity transmission companies.

The report�s target audience includes:

Transformer Manufacturing Companies

Builders and Contractors

Government and Industry Associations

Investment and Consulting Firms

Power Distribution Utilities

Process and Manufacturing Plants

State and National Regulatory Authorities

State- or Government-Owned Corporations

Scope of the Report:

By Type Hardware Solutions IT Solutions

By Application Distribution Transformers Power Transformers Others (Generator Transformer and Specialty Transformer)

By Service Oil/Gas Monitoring Bushing Monitoring Others (Temperature Monitoring and Partial Discharge Monitoring)

By Region North America Europe Asia-Pacific South America Middle East Africa



Available Customizations:

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

Geographic Analysis

Further breakdown of the regional/country level markets

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

The global transformer monitoring system market is projected to grow at a CAGR of 12.77% from 2016 to 2021, to reach a market size of USD 2.68 Billion by 2021. This growth is attributed to the digitalization of utilities, renewable investments, and smart grid initiatives.

The report segments the transformer monitoring systems market based on type into hardware solutions and IT solutions. The hardware solutions segment is expected to dominate the market during the forecast period. On the hand, the IT solutions segment is expected to witness the fastest growth during the same period.

Based on application, the transformer monitoring systems market has been categorized into distribution transformers, power transformers, and others. Others include generator transformer and specialty transformer. The power transformer segment accounted for the largest market share in 2015, which is attributed to government regulations targeting the monitoring and control of the transmission networks. These transformers operate on high voltages, and therefore, it becomes extremely vital to monitor them regularly as against time-based monitoring and maintenance.

In this report, the transformer monitoring systems market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to dominate the global transformer monitoring systems market during the forecast period, owing to capacity addition and enhancement plans of the utilities in the developing countries. Moreover, countries such as India and China have invested highly in smart grids, in turn boosting the demand for transformer monitoring solutions.

Digitalization of utilities, renewable investments, and smart grid initiatives are expected to drive the growth of the transformer monitoring systems market. Local companies providing low-quality transformer monitoring system in countries such as China and other south Asian countries provide stiff competition to global market players. Manufacturing of low-quality transformer monitoring systems by local manufacturers affects the revenue of established players.

Some of the leading players in the transformer monitoring system market include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Schneider Electric (France), and Siemens AG (Germany). Expansion & investment was the strategy most commonly adopted by top players in the market, constituting 39% of the total developments from 2011 to 2016. It was followed by mergers & acquisitions, new product launches, contracts & agreements, and joint venture & collaborations.

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