Transformer Monitoring System Market

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.

Transformer Monitoring System Market contains market size and forecasts of Transformer Monitoring System in global, including the following market information:

Global Transformer Monitoring System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Transformer Monitoring System Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Transformer Monitoring System companies in 2021 (%)

The global Transformer Monitoring System market was valued at 2305.3 million in 2021 and is projected to reach US$ 2960.1 million by 2028, at a CAGR of 3.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Bushing Monitoring Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Transformer Monitoring System include GE, Hitachi ABB, Siemens, Doble Engineering Company, Eaton, Weidmann, Mitsubishi, Qualitrol and Koncar, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Transformer Monitoring System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Transformer Monitoring System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Transformer Monitoring System Market Segment Percentages, by Type, 2021 (%)

Bushing Monitoring

DGA Devices

Partial Discharge (PD)

Others

Global Transformer Monitoring System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Transformer Monitoring System Market Segment Percentages, by Application, 2021 (%)

Power Transformers

Distribution Transformers

Others

Global Transformer Monitoring System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Transformer Monitoring System Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Transformer Monitoring System revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Transformer Monitoring System revenues share in global market, 2021 (%)

Key companies Transformer Monitoring System sales in global market, 2017-2022 (Estimated), (Units)

Key companies Transformer Monitoring System sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

GE

Hitachi ABB

Siemens

Doble Engineering Company

Eaton

Weidmann

Mitsubishi

Qualitrol

Koncar

Schweitzer Engineering Laboratories

Vaisala

LGOM