Global Transformer Monitoring System Market Overview
Transformers
are defined as the electrical equipment’s that are helpful in fluctuating the
voltage of the electric current. Market Research Future (MRFR) has published a
research report about the global transformer monitoring system market that
predicts growth for this market at during the forecast period that would end in
2022. A detailed analysis report of COVID-19
impact on Transformer Monitoring System Market Size is provided with the
report.
The most crucial factors driving the global
transformer monitoring system market growth include the rapid installation of power
transformers and increased demand for energy generation from both renewable and
non-renewable sources of energy. Other factors contributing to the market
growth include growing demand for power and cost-effective power distribution
via transformers. However, factors that can impede the market growth include
high investment cost for installation and high maintenance cost in order to
ensure smooth functioning as well as real-time monitoring of transformer
monitoring systems.
Industry Segmentation
The
global transformer monitoring system market has been segmented on the basis of
application, service, type, and lastly, region.
The
application-based segmentation segments this market into distribution
transformers,
power transformers and others. Also known as service transformer, a
distribution transformer provides the final voltage transformation in the
electric power distribution system. It reduces the voltage used in the
distribution lines to the level used by the customer.
Based
on service, the market has been segmented into bushing monitoring, oil/gas
monitoring, and others.
By
type, the market has been segmented into hardware solutions and software solutions.
Prominent Players
The
key players of Global Transformer monitoring system market are ABB automation company
(Switzerland,), General Electric Company (U.S.), Schneider Electric SE
(France), Siemens AG (Germany), Advanced Power AG (Switzerland), BPL
Global LLC (U.S.), Crompton Greaves Ltd.
(India), Dynamic Ratings (U.S.), Eaton Corporation Plc. (Republic of Ireland),
Echelon Corporation (U.S.), Elster Group SE (Germany), Hyosung Corporation
(South Korea) and others.
Get
Full Report at: https://www.marketresearchfuture.com/reports/transformer-monitoring-system-market-2311
Regional Outlook
The regional segmentation of
the global transformer monitoring system market segments the market into the
regional markets known as North America, Asia Pacific, Europe, and the Middle
East & Africa (MEA).
During the forecast period,
the Asia Pacific region has been anticipated to be the largest regional market
due to the planned investments for the increased power capacity utilization
required in this region. Countries like India and China are investing a lot in
smart grids, boosting the demand for transformer monitoring solutions. Other
factors contributing to the market growth in this region include rapid
urbanization, growing industrialization, and rise in demand for power. Another
pivotal country-specific market in this region is heavily industrialized Japan,
followed by the remaining countries of the Asia Pacific region.
In Europe and North America,
the market is growing due to established industries, urban setting,
technological advancement, and the presence of many key market players in these
regions. In Europe, the most important country-specific markets are France,
Germany, Spain, and the UK, followed by the remaining countries of Europe. In
North America, such markets are the USA and Canada. In the MEA region, the
market is limited due to poor countries, lack of awareness, lack of
technological advancement, and lack of education.
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Read
More:
No comments:
Post a Comment