Global Transformer Monitoring Market Growth (Status and Outlook) 2023-2029

Global Transformer Monitoring Market Growth (Status and Outlook) 2023-2029

A transformer is an electrical equipment that helps in varying the voltage of the electric current. This stepping up and stepping down of the voltage is especially important when a safe amount of electric current is required to be supplied to the end users. In order to ensure continuous and safe transmission of electricity from the power generation plant to the end users, the transformers utilized for this purpose have to be monitored continuously in real time. This is achieved by installing a transformer monitoring system within a transformer housing. Requirement of a transformer monitor is especially important when faults and anomalies within the grid or circuit have to be detected before the complete breakdown of the transformer occurs.

LPI (LP Information)' newest research report, the “Transformer Monitoring Industry Forecast” looks at past sales and reviews total world Transformer Monitoring sales in 2022, providing a comprehensive analysis by region and market sector of projected Transformer Monitoring sales for 2023 through 2029. With Transformer Monitoring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Transformer Monitoring industry.

This Insight Report provides a comprehensive analysis of the global Transformer Monitoring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Transformer Monitoring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Transformer Monitoring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Transformer Monitoring and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Transformer Monitoring.

The global Transformer Monitoring market size is projected to grow from US$ 1922.9 million in 2022 to US$ 2476 million in 2029; it is expected to grow at a CAGR of 3.7% from 2023 to 2029.

Global key manufacturers of Transformer Monitors include GE, Hitachi Energy, Siemens, Eaton, etc, Doble Engineering Company, etc. Global top five manufacturers hold a share about 54%. Asia-Pacific is the largest market of Transformer Monitors, holds a sha֯

This report presents a comprehensive overview, market shares, and growth opportunities of Transformer Monitoring market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Distribution Transformer Monitor (DTM)
Intelligent Transformer Monitors
Others

Segmentation by application
Power Grid
Power Supply Equipment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE
ABB
Siemens
Doble Engineering Company
Eaton
Weidmann
Schneider Electric
Mitsubishi
Qualitrol
Koncar
Schweitzer Engineering Laboratories
LGOM

Please note: The report will take approximately 2 business days to prepare and deliver.