Planet Market Reports has added a report, titled, “Global Transformer Monitoring System Outlook, For Outdoor Power Market Forecast to 2023.”
Planet Market Reports projects that the Transformer Monitoring System market size will grow from USD 1.70 Billion in 2017 to USD 3.51 Billion by 2023, at an estimated CAGR of 12.82%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
This growth is attributed to the digitalization of utilities, renewable investments, and smart grid initiatives. The report segments the transformer monitoring system market based on type into hardware solutions and IT solutions. The hardware solutions segment is expected to dominate the transformer monitoring system market during the forecast period. On the hand, the IT solutions segment is expected to witness the fastest growth during the same period .Based on application, the transformer monitoring system market has been categorized into distribution transformers, power transformers, and others. Others include generator transformer and specialty transformer. The power transformer segment accounted for the largest market share in 2017, which is attributed to government regulations targeting the monitoring and control of the transmission networks. These transformers operate on high voltages, and therefore, it becomes extremely vital to monitor them regularly as against time-based monitoring and maintenance.
By Market Players
ABB Ltd., Eaton Corporation PLC. , General Electric , Schneider Electric , Siemens AG , Honeywell International, Inc. , Kirloskar Electric Company Limited , Mitsubishi Corporation , HZ Electric, Inc. , KJ Dynatech, Inc. , Ningbo Ligong Online Monitoring Technology Co., Ltd. , S&C Electric Company , Schweitzer Engineering Laboratories, Inc. , Shanghai Kai People Electric Co., Ltd , Wilson Transformer Company, ,
Power Transformers, Distribution Transformers, Others,
Hardware Solutions, IT Solutions,
Oil/Gas Monitoring, Bushing Monitoring, Others,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
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The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region,
and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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Name: Jennifer Daniel
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Organization: Planet Market Reports