Energy and Power Transformer Monitoring System Market

Transformer Monitoring System Market Evolving
Technology, Trends and Industry Analysis 2021
The report "Transformer Monitoring System Market by Type (Hardware Solutions and IT
Solutions), Application (Distribution Transformers, and Power Transformers), Service
(Oil/Gas Monitoring, and Bushing Monitoring), and Region - Global Forecast to 2021", The
transformer monitoring system market is expected to grow from an estimated USD 1.47 Billion in
2016 to USD 2.68 Billion by 2021, registering a CAGR of 12.77% from 2016 to 2021. The global
market is witnessing significant growth due to digitalization of utilities, renewable investments,
and smart grid initiatives. Digitalization of utilities is the major factor driving the demand for
transformer monitoring solutions.
Browse 69 market data tables and 45 figures spread through 144 pages and in-depth TOC
on “Transformer Monitoring System Market by Type (Hardware Solutions and IT Solutions),
Application (Distribution Transformers, and Power Transformers), Service (Oil/Gas
Monitoring, and Bushing Monitoring), and Region - Global Forecast to 2021”
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197443553.html
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The power transformer segment is expected to hold the largest share of the transformer
monitoring system market, by application, during the forecast period
The power transformers segment is the largest in the applications of the transformer monitoring
system market. This share is attributed to grow because of government regulations targeting the
monitoring and control of the transmission networks. Remote monitoring is also a key focus area
in most countries, which is driving the market.
Oil/Gas monitoring is the largest segment for services in the global transformer monitoring
system market
Oil/Gas monitoring, also known as Dissolved Gas Analysis (DGA), is the most common monitoring
services for transformers, and has the largest share in the transformer monitoring system market.
Other key services in the market include bushing monitoring and partial discharge monitoring,
which are expected to have high-growth opportunities during the forecast period. Partial
discharge analysis offers predictive maintenance instead of reactive maintenance before the
actual fault occurs, leading to lesser downtime.