Global Transformer Monitors Market Growth 2023-2029

Global Transformer Monitors Market Growth 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 Monitors Industry Forecast” looks at past sales and reviews total world Transformer Monitors sales in 2022, providing a comprehensive analysis by region and market sector of projected Transformer Monitors sales for 2023 through 2029. With Transformer Monitors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Transformer Monitors industry.

This Insight Report provides a comprehensive analysis of the global Transformer Monitors 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 Monitors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Transformer Monitors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Transformer Monitors 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 Monitors.

The global Transformer Monitors market size is projected to grow from US$ 1922.9 million in 2022 to US$ 3052.8 million in 2029; it is expected to grow at a CAGR of 3052.8 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 50%. Asia-Pacific is the largest market of Transformer Monitors, holds a share over 35%. In terms of product, the DGA Devices holds a larger segment, with a share over 30%. And in terms of application, the largest application is Power Transformers, with a share of about 70%.

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

Market Segmentation:

Segmentation by type
DGA Devices
Partial Discharge (PD)
Bushing Monitoring
Others

Segmentation by application
Power Transformers
Distribution Transformers

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
Hitachi Energy
Siemens
Eaton
Doble Engineering Company
Mitsubishi
Weidmann
Qualitrol
Koncar
Vaisala
Schweitzer Engineering Laboratories
Camlin Group
LGOM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Transformer Monitors market?

What factors are driving Transformer Monitors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Transformer Monitors market opportunities vary by end market size?

How does Transformer Monitors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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