Transformer Monitoring System Market

Transformer Monitoring System Market: Partial Discharge (PD) Application Segment to be the Second Fastest Growing Segment in the Coming Years: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

  • 2017-11-09
  • REP-GB-2378
  • 284 pages
Transformer Monitoring System Market

An Incisive, In-depth Analysis on the Transformer Monitoring System Market

This study offers a comprehensive, 360 degree analysis on the Transformer Monitoring System market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Transformer Monitoring System market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Higher traction in transformer monitoring systems to steer the global market revenue growth by more than 2.6x during 2017-2027

This report on transformer monitoring systems has presented key insights on the global market scenario for transformer monitoring systems for the said period. The study has revealed several aspects regarding the market which have a direct connection with the global market’s growth. The report has provided opportunity assessment for the market. The advancing smart transformer technologies coupled with stringent energy efficiency compliances will comprehensively augment the global transformer monitoring system market. Volume manufacturing practices adopted by the leading manufacturers along with growing consumer awareness towards environmental security will encourage product adoption. Rising demand for refurbishment of existing grid infrastructure across developed economies will further complement the industry outlook. All these factors will create significant opportunities for equipment manufacturers and solution providers to target revenue generation from the distribution transformers segment. However, the power transformers will remain the major end-use segment of the market.

Moreover, electricity consumption has increased at a significant pace in Asian region owing to rising population, ongoing urbanization, substantial increase in industrial activities, and growing investment by government authorities to modernize electricity transmission. Asia registered notable number of installation units for projects tendered by the government authorities in 2016, and is further expected to increase in the coming years. Moreover, Asia Pacific excluding Japan is anticipated to show high potential for growth of transformer monitoring systems during the forecast period owing to rising government support and increasing renewable power sources in countries, such as China and India. All these factors make APEJ one of the most attractive region for transformer monitoring system turnkey solution providers.

Bushing monitoring to witness higher significance in the coming years

Bushing Monitoring System allows to check the condition of transformers and detects deterioration in bushings, finds abnormalities in the insulation and issues alerts. The bushing monitoring segment in the application category is expected to grow at a higher pace in the coming years to reach a significant valuation by the end of the forecast period. This segment has shown significant growth during 2012-20156 timeline. In 2017, this segment registered a comparatively high market valuation of about US$ 355 Mn and is estimated to reach a market value of more than US$ 1 Bn by the end of the assessment year (2027). Bushing failures are considerable high. This has led to increased monitoring of bushings to avoid problems which in turn has caused increased use of transformers to monitor bushings. The bushing monitoring segment is projected to grow at the fastest pace to register a value CAGR of 12.1% throughout the period of assessment.

Dissolved gas analysis segment unable to sustain its dominance

The dissolved gas analysis segment by application had dominated the global market during 2012-2016 timeline. The market value and share of this segment was higher than other application segments and it witnessed consistent growth during 2012-2016. However, it lost traction in 2017 and was surpassed by bushing monitoring application segment. The dissolved gas analysis segment is estimated to reach a valuation of about US$ 800 Mn by the end of the year of assessment from a value of around US$ 470 Mn in 2017. It is projected to grow at a pace lower than that of other application segments and is poised to register a value CAGR of 8.7% during the period of forecast.

An opportunity analysis of the global transformer monitoring system market unveils interesting prospects for manufacturers and players involved in transformer monitoring systems in the years to follow. Key insights from a weighted assessment of the global transformer monitoring system market carried out by Future Market Insights along with regional and segmental forecasts have been covered in its new publication titled “Transformer Monitoring System Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The research study covers a volley of aspects responsible for influencing the growth of the global market. It also covers historical data assessment that serves as a reference point to assess the market trend based on the current market scenario. Based on these statistics, future market projections have been inferred that can give a direction to the reader from an expansion standpoint. This forecast is done for a period of 10 years, from 2017 to 2027.

Systematic research report offers ease of navigation

Our research study on global transformer monitoring system market follows an organized and cohesive structure that enables the reader to navigate through each section of the report with convenience in order to understand every facet of the market captured in detail through an extensive research process. The initial chapters include the executive summary that covers market overview, recommendations and analysis; followed by market introduction which covers market definition and segmentation; and opportunity assessment of the global market for transformer monitoring systems including the impact of macroeconomic factors along with pricing and value chain analysis. This report structure provides a panoramic view of the global transformer monitoring system market.

The next section comprises dedicated chapters on performance and analysis of the transformer monitoring systems across key regional market in the globe with detailed market dynamics that covers trends, developments, restraints and drivers that influence the growth of the global transformer monitoring system market. It also includes segmental analysis that covers insights on various segments and sub segments across every region covered in the research report.

Additionally, a list of key representative market participants along with their key details such as market share and revenue, market presence, developments and innovations, product portfolio, SWOT analysis, mergers and acquisitions as well as future expansion plans and strategies is included in a separate section called competitive assessment. This section is equally important as it outlines an entire competitive dashboard giving the reader a singular view of the entire competitive ecosystem in the global market for transformer monitoring systems. This can be used as a tool to ensure correct decision making associated with competitive advantage.

A research methodology in parity with the best in the industry

Our in-depth assessment of the global transformer monitoring system market is underlined with a unique and extensive research process that factors in both a crucial primary and an extensive secondary research. These two arms of our research process ensure assembling of relevant data points pertaining to all market segments of global transformer monitoring system market across important regions worldwide. This data undergoes multiple funnels of revalidation and re-examination that ensures a near 100 percent accuracy of the gathered data that is further analysed using patented tools to mine appropriate quantitative and qualitative insights associated with the global transformer monitoring system market.

In-depth market segmentation

By Product

By Installation Type

By Application

By End Use

By Region

  • Hardware

    • Direct Winding Transformer Monitors

    • Intelligent Transformer Monitors

  • Software

  • Newly Installed Units

  • Retrofit Units

  • Dissolved Gas Analysis (DGA)

  • Partial Discharge (PD)

  • Bushing Monitoring

  • Cooling Control

  • Voltage Regulation

  • Power Transformers

  • Distribution Transformers

  • Other Transformers

  • North America

  • Western Europe

  • Latin America

  • Eastern Europe

  • Asia Pacific excluding Japan (APEJ)

  • Japan

  • Middle East and Africa (MEA)

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Harish Tiwari

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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