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 monitoring system is especially important when faults and anomalies within the grid or circuit have to be detected before the complete breakdown of the transformer occurs. These transformer monitoring systems are especially prevalent in areas where the supply of electric power is erratic and power outages are common, thereby signifying a healthy demand for the system in the third world countries.
LPI (LP Information)' newest research report, the “Transformer Monitoring System Industry Forecast” looks at past sales and reviews total world Transformer Monitoring System sales in 2022, providing a comprehensive analysis by region and market sector of projected Transformer Monitoring System sales for 2023 through 2029. With Transformer Monitoring System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Transformer Monitoring System industry.
This Insight Report provides a comprehensive analysis of the global Transformer Monitoring System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Transformer Monitoring System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Transformer Monitoring System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Transformer Monitoring System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Transformer Monitoring System.
The global Transformer Monitoring System market size is projected to grow from US$ 2191.7 million in 2022 to US$ 2872.9 million in 2029; it is expected to grow at a CAGR of 2872.9 from 2023 to 2029.
The industry's leading manufacturers are GE, ABB and Siemens, which accounted for 15.42%, 12.13% and 10.71% of revenue, respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of Transformer Monitoring System market by product type, application, key manufacturers and key regions and countries.
Top Manufactures in Global Transformer Monitoring System Includes:
GE
ABB
Siemens
Doble Engineering Company
Eaton
Weidmann
Schneider Electric
Mitsubishi
Qualitrol
Koncar
Schweitzer Engineering Laboratories
LGOM
Market Segment by Type, covers:
DGA Devices
Bushing Monitoring
Partial Discharge (PD)
Others
Market Segment by Applications, can be divided into:
Power Transformers
Distribution Transformers
Key Questions Addressed in this Report
What is the 10-year outlook for the global Transformer Monitoring System market?
What factors are driving Transformer Monitoring System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Transformer Monitoring System market opportunities vary by end market size?
How does Transformer Monitoring System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
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