Transformer Monitoring System Market Size, Share & Trends Analysis Report, By Component (Hardware Solutions, Software Solutions), By Type (Oil-immersed, Cast-resin), By Services, By Voltage, By Application, By Region, And Segment Forecasts, 2024 - 2030
Market Size & Trends
The global transformer monitoring system market size was estimated at USD 2.48 billion in 2023 and expected to grow at a CAGR of 9.1% from 2024 to 2030. The growing demand for reliable and efficient power distribution is a major driver of the market. Transformers are critical assets in the power grid, and unexpected transformer failures can be costly, both in terms of property damage and unplanned outages. Transformer monitoring solutions play a crucial role in reducing the risk of such failures by providing real-time insights into the health and performance of transformers. The increasing adoption of smart grid technologies, which rely on advanced monitoring and control systems, is another key driver.
As renewable energy sources become more prevalent, the need for accurate demand forecasting and proactive maintenance of transformers becomes even more important. Additionally, stringent regulations and safety standards are pushing utilities and industrial facilities to invest in transformer monitoring solutions that can detect issues early and prevent catastrophic failures. The availability of cost-effective, IoT-enabled monitoring technologies has further accelerated the growth of this market, as companies seek to optimize their transformer asset management and improve overall grid reliability and efficiency.
Global Transformer Monitoring System Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented global transformer monitoring systems market report based on component, type, services, voltage, application, and region:
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware Solutions
- Software Solutions
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Oil-immersed
- Cast-resin
- Others
- Services Outlook (Revenue, USD Million, 2018 - 2030)
- Oil Monitoring
- Bushing Monitoring
- Partial Discharge Monitoring
- OLTC Monitoring
- Others
- Voltage Outlook (Revenue, USD Million, 2018 - 2030)
- Low Voltage
- Medium Voltage
- High & Extra High voltage
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Distribution Transformers
- Power Transformers
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- Spain
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Telecom Service Assurance Market Analysis Tools
- 3.4.1. Porter’s Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- Chapter 4. Telecom Service Assurance Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Telecom Service Assurance Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Solution
- 4.3.1. Solution Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.2. Probe System
- 4.3.2.1. Probe System Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Network Management
- 4.3.3.1. Network Management Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Workforce Management
- 4.3.4.1. Workforce Management Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Fault Management
- 4.3.5.1. Fault Management Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Quality Management
- 4.3.6.1. Fault Management Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.7. Others
- 4.3.7.1. Others Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Service
- 4.4.1. Service Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Professional Services
- 4.4.2.1. Professional Services Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Managed Services
- 4.4.3.1. Managed Services Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 5. Telecom Service Assurance Market: Operator Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Telecom Service Assurance Market: Operator Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Mobile Operator
- 5.3.1. Mobile Operator Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Fixed Operator
- 5.4.1. Fixed Operator Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 6. Telecom Service Assurance Market: Deployment Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Telecom Service Assurance Market: Deployment Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. On-premise
- 6.3.1. On-premise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Cloud
- 6.4.1. Cloud Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 7. Telecom Service Assurance Market: Enterprise Size Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Telecom Service Assurance Market: Enterprise Size Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Large Enterprises
- 7.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Small & Medium Enterprises
- 7.4.1. Small & Medium Enterprises Revenue Estimates and Forecasts, 2018 - 30 (USD Million)
- Chapter 8. Telecom Service Assurance Market: Regional Estimates & Trend Analysis
- 8.1. Telecom Service Assurance Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.3. India
- 8.4.3.1. India Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Japan Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.2. The Kingdom of Saudi Arabia (KSA)
- 8.6.2.1. The Kingdom of Saudi Arabia (KSA) Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.3. UAE
- 8.6.3.1. UAE Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Arica
- 8.6.4.1. South Africa Telecom Service Assurance Market estimates & forecasts, 2018 - 2030 (USD Million)
- Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis
- 9.5. Company Heat Map Analysis
- 9.6. Strategy Mapping
- 9.6.1. Expansion
- 9.6.2. Mergers & Acquisition
- 9.6.3. Partnerships & Collaborations
- 9.6.4. New Product Launches
- 9.6.5. Research And Development
- 9.7. Company Profiles
- 9.7.1. NEC Corporation
- 9.7.1.1. Participant’s Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Recent Developments
- 9.7.2. Telefonaktiebolaget LM Ericsson
- 9.7.2.1. Participant’s Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Recent Developments
- 9.7.3. Nokia
- 9.7.3.1. Participant’s Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Recent Developments
- 9.7.4. Amdocs
- 9.7.4.1. Participant’s Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Recent Developments
- 9.7.5. NETSCOUT
- 9.7.5.1. Participant’s Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Recent Developments
- 9.7.6. Broadcom
- 9.7.6.1. Participant’s Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Recent Developments
- 9.7.7. Huawei Technologies Co. Ltd.
- 9.7.7.1. Participant’s Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Recent Developments
- 9.7.8. Comarch SA
- 9.7.8.1. Participant’s Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Recent Developments
- 9.7.9. Spirent Communications.
- 9.7.9.1. Participant’s Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Recent Developments
- 9.7.10. TEOCO
- 9.7.10.1. Participant’s Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Recent Developments
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