“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 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.

Digitalization of utilities, renewable investments, and smart grid initiatives are expected to drive the growth of the transformer monitoring system market. Digitalization of utilities is the major factor driving the demand for transformer monitoring solutions.

The end-users of transformer monitoring system are public and private utility companies and electricity transmission companies.

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Target Audience:

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
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).

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Market Ecosystem:

The ecosystem of the global transformer monitoring system market starts with the manufacturer of electronics/electrical components and software development. The manufactured parts are then assembled by the OEM (ABB Ltd., Eaton Corporation Plc., General Electric, and so on) to form a transformer monitoring system, which is then tested.

Premium Insights

Transformer Monitoring System Market, By Type
Transformer Monitoring System Market, By Application
Asia-Pacific: the Largest Market During the Forecast Period
Transformer Monitoring System, By Service
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