Global Transformer Monitoring System Market (2021-2026) by Type, Application, Service and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
The Global Transformer Monitoring System Market is estimated to be USD 3.86 Bn in 2021 and is expected to reach USD 6.14 Bn by 2026, growing at a CAGR of 9.65%.
Market Dynamics
Factors such as increase in digitalization of the power utilities, growing renewable investments and smart grid initiatives are driving the market.
High Cost of Installation and Maintenance for transformer monitoring systems is restraining the growth of the market. Low acceptance level among the end users is a huge challenges for the industry players.
Increasing number of offshore wind farms and growth in big data analytics is creating opportunities for the market players.
Market Segmentation
The Global Transformer Monitoring System Market is segmented based on Type, Application, Service and Geography.
By Type, the market is classified into Hardware Solutions and IT Solutions. The IT Solutions contributes largest share of the market.
By Application, the market is classified into Distribution Transformers, Power Transformers and Generator Transformer and Specialty Transformer. The Power Transformers contributes largest share of the market.
By Service, the market is classified into Oil/Gas Monitoring, Bushing Monitoring and Others (Temperature Monitoring and Partial Discharge Monitoring). The Bushing Monitoring contributes largest share of the market.
By Geography, North America is projected to lead the market.
Recent Developments
1) 2020: Power management company Eaton declared it has completed the acquisition of Power Distribution, Inc. (PDI). Eaton’s aim is to enhance the quality of life and the environment through the use of power management technologies and services.2) 2019: Honeywell today introduced the next-generation Kromschröder BCU 4 Series, an all-in-one control solution for multi-burner applications. Replacing an earlier product line, the BCU 4 Series 460, 465 and 480 models incorporate a range of refinements and new features designed for simplified engineering, installation and start-up. They also provide various options to increase utility and effectiveness of the control solution – including a space-efficient design that allows the unit to be mounted close to a burner versus in a separate cabinet, enabling better system integration.
Company Profiles
Some of the companies covered in this report are Advanced Power Technologies LLC., BPL Global LLC, Crompton Greaves Ltd., Dynamic Ratings, Eaton Corporation Plc, Echelon Corporation, Elster Group, General Electric Company, Honeywell International Inc., Hyosung Power & Industrial Systems, Hyundai Heavy Industries Co. Ltd, HZ Electric Inc, Kirloskar Electric Company Limited, KJ Dynatech Inc, Mitsubishi Electric Corporation, XD Group, etc.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Transformer Monitoring System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.
Report Highlights
A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Shareholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Size Estimation
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 4 Market Overview
- 4.1 Introduction
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.1.1 Digitalization of the Power Utilities
- 4.2.1.2 Growing Renewable Investments
- 4.2.1.3 Smart Grid Initiatives
- 4.2.2 Restraints
- 4.2.2.1 High Cost of Installation and Maintenance
- 4.2.3 Opportunities
- 4.2.3.1 Offshore Wind Farms
- 4.2.3.2 Growth of Big Data Analytics
- 4.2.4 Challenges
- 4.2.4.1 Acceptance Level among End Users
- 4.3 Trends
- 5 Market Analysis
- 5.1 Porter’s Five Forces Analysis
- 5.2 Impact of COVID-19
- 5.3 Ansoff Matrix Analysis
- 6 Global Transformer Monitoring System Market, By Type
- 6.1 Introduction
- 6.2 Hardware
- 6.3 IT Solutions
- 7 Global Transformer Monitoring System Market, By Application
- 7.1 Introduction
- 7.2 Distribution Transformers
- 7.3 Power Transformers
- 7.4 Generator Transformers
- 7.5 Specialty Transformer
- 8 Global Transformer Monitoring System Market, By Service
- 8.1 Introduction
- 8.2 Bushing Monitoring
- 8.3 Oil/Gas Monitoring
- 8.4 Others
- 9 Global Transformer Monitoring System Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 South America
- 9.3.1 Brazil
- 9.3.2 Argentina
- 9.4 Europe
- 9.4.1 UK
- 9.4.2 France
- 9.4.3 Germany
- 9.4.4 Italy
- 9.4.5 Spain
- 9.4.6 Rest of Europe
- 9.5 Asia-Pacific
- 9.5.1 China
- 9.5.2 Japan
- 9.5.3 India
- 9.5.4 Indonesia
- 9.5.5 Malaysia
- 9.5.6 South Korea
- 9.5.7 Australia
- 9.5.8 Russia
- 9.5.9 Rest of APAC
- 9.6 Rest of the World
- 9.6.1 Qatar
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 United Arab Emirates
- 9.6.5 Latin America
- 10 Competitive Landscape
- 10.1 IGR Competitive Quadrant
- 10.2 Market Share Analysis
- 10.3 Competitive Scenario
- 10.3.1 Mergers & Acquisitions
- 10.3.2 Agreement, Collaborations, & Partnerships
- 10.3.3 New Product Launches & Enhancements
- 10.3.4 Investments & Funding
- 11 Company Profiles
- 11.1 Advanced Power Technologies LLC.
- 11.2 BPL Global LLC
- 11.3 Crompton Greaves Ltd.
- 11.4 Dynamic Ratings
- 11.5 Eaton Corporation Plc.
- 11.6 Echelon Corporation
- 11.7 Elster Group
- 11.8 General Electric Company
- 11.9 Honeywell International Inc.
- 11.10 Hyosung Power & Industrial Systems
- 11.11 Hyundai Heavy Industries Co. Ltd
- 11.12 HZ Electric Inc
- 11.13 Kirloskar Electric Company Limited
- 11.14 KJ Dynatech Inc
- 11.15 Mitsubishi Electric Corporation
- 11.16 Ningbo Ligong Online Monitoring Technology Co., Ltd
- 11.17 S&C Electric Company
- 11.18 Schneider Electric S.E.
- 11.19 Schweitzer Engineering Laboratories, Inc.
- 11.20 Shanghai Kai People Electric Co., Ltd.
- 11.21 Siemens AG
- 11.22 Tebian Electric Apparatus (TBEA)
- 11.23 Wilson Transformer Company
- 11.24 XD Group
- 12 Appendix
- 12.1 Questionnaire
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