Transformer Monitoring System Market worth 2.68 Billion USD by 2021 Transformer Monitoring System Market

Transformer Monitoring System Market worth 2.68 Billion USD by 2021
The report "Transformer Monitoring System Market by Type (Hardware Solutions and IT
Solutions), Application (Distribution Transformers, and Power Transformers), Service (Oil/Gas
Monitoring, and Bushing Monitoring), and Region - Global Forecast to 2021", The transformer
monitoring system market is expected to grow from an estimated USD 1.47 Billion in 2016 to USD 2.68
Billion by 2021, registering a CAGR of 12.77% from 2016 to 2021. The global market is witnessing
significant growth due to digitalization of utilities, renewable investments, and smart grid initiatives.
Digitalization of utilities is the major factor driving the demand for transformer monitoring solutions.
Target Audience:
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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
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The power transformer segment is expected to hold the largest share of the transformer monitoring
system market, by application, during the forecast period
The power transformers segment is the largest in the applications of the transformer monitoring system
market. This share is attributed to grow because of government regulations targeting the monitoring and
control of the transmission networks. Remote monitoring is also a key focus area in most countries, which
is driving the market.
Oil/Gas monitoring is the largest segment for services in the global transformer monitoring system
market
Oil/Gas monitoring, also known as Dissolved Gas Analysis (DGA), is the most common monitoring
services for transformers, and has the largest share in the transformer monitoring system market. Other key
services in the market include bushing monitoring and partial discharge monitoring, which are expected to
have high-growth opportunities during the forecast period. Partial discharge analysis offers predictive
maintenance instead of reactive maintenance before the actual fault occurs, leading to lesser downtime.
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Asia-Pacific: The leading market for transformer monitoring system
In this report, the transformer monitoring system 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 be the largest market for transformer monitoring solutions; the region has the most number of