HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: EP 4706

 

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The global transformer monitoring system market was valued at USD 1.47 Billion in 2016, and is expected to grow at a CAGR of 12.77% from 2016 to 2021. Digitalization of utilities, renewable investments, and smart grid initiatives are the major factors driving the transformer monitoring system market.

The years considered for the study are as follows:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global transformer monitoring system market by type, application, service, and region
  • To provide detailed information regarding the major factors influencing the growth of the transformer monitoring system market (drivers, restraints, opportunities, and industry-specific challenges related to the market)
  • To strategically analyze the transformer monitoring system market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments such as contracts & agreements, expansions, new product launches, mergers & acquisitions, and joint ventures & collaborations in the transformer monitoring system market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global transformer monitoring system market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing transformer monitoring system
  • Analysis of major applications and demand for transformer monitoring systems from the power utilities
  • Assessment of future trends and growth of transformer monitoring system solutions
  • Assessment of the transformer monitoring system market with respect to the types of transformer monitoring systems used for different applications
  • Study of the market trends in various regions/countries supported by application of transformer monitoring system in distribution transformers, power transformers, and others. Others include generator transformers and specialty transformers
  • Study of contracts and developments related to transformer monitoring system, for key players, across different regions
  • Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing transformer monitoring system across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

Transformer Monitoring System Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global transformer monitoring system market starts with the manufacturer of electronics/electrical components and software development. The manufactured parts are then assembled by the OEM (ABB Ltd., Eaton Corporation Plc., General Electric, and so on) to form a transformer monitoring system, which is then tested. This stage is followed by marketing & sales and post-sale services, respectively.

The end-users of transformer monitoring system are public and private utility companies and electricity transmission companies.

Target Audience:

The report’s target audience includes:

  • Transformer Manufacturing Companies
  • Builders and Contractors
  • Government and Industry Associations
  • Investment and Consulting Firms
  • Power Distribution Utilities
  • Process and Manufacturing Plants
  • State and National Regulatory Authorities
  • State- or Government-Owned Corporations

Scope of the Report:

  • By Type
    • Hardware Solutions
    • IT Solutions
  • By Application
    • Distribution Transformers
    • Power Transformers
    • Others (Generator Transformer and Specialty Transformer)
  • By Service
    • Oil/Gas Monitoring
    • Bushing Monitoring
    • Others (Temperature Monitoring and Partial Discharge Monitoring)
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East  
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 27)
    3.1 Historical Backdrop
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 32)
    4.1 Transformer Monitoring System Market, By Type
    4.2 Transformer Monitoring System Market, By Application
    4.3 Asia-Pacific: the Largest Market During the Forecast Period
    4.4 Transformer Monitoring System, By Service
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Transformer Monitoring System: Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Digitalization of the Power Utilities
                    5.3.1.2 Growing Renewable Investments
                    5.3.1.3 Smart Grid Initiatives
           5.3.2 Restraints
                    5.3.2.1 Cost Barriers
           5.3.3 Opportunities
                    5.3.3.1 Offshore Wind Farms
                    5.3.3.2 Growth of Big Data Analytics
           5.3.4 Challenges
                    5.3.4.1 Acceptance Level Among End Users
    5.4 Supply Chain Analysis

6 Transformer Monitoring System Market, By Application (Page No. - 45)
    6.1 Introduction
    6.2 Power Transformers
    6.3 Distribution Transformers
    6.4 Others

7 Transformer Monitoring System Market, By Type (Page No. - 50)
    7.1 Introduction
    7.2 Hardware Solutions
    7.3 IT Solutions

8 Transformer Monitoring System Market, By Service (Page No. - 53)
    8.1 Introduction
    8.2 Oil/Gas Monitoring
    8.3 Bushing Monitoring
    8.4 Others

9 Transformer Monitoring System Market, By Region (Page No. - 57)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 By Type
           9.2.2 By Application
           9.2.3 By Service
           9.2.4 By Country
                    9.2.4.1 China
                    9.2.4.2 Japan
                    9.2.4.3 India
                    9.2.4.4 South Korea
                    9.2.4.5 Australia
                    9.2.4.6 Rest of Asia-Pacific
    9.3 North America
           9.3.1 By Type
           9.3.2 By Application
           9.3.3 By Service
           9.3.4 By Country
                    9.3.4.1 U.S.
                    9.3.4.2 Canada
                    9.3.4.3 Mexico
    9.4 Europe
           9.4.1 By Type
           9.4.2 By Application
           9.4.3 By Service
           9.4.4 By Country
                    9.4.4.1 U.K.
                    9.4.4.2 Germany
                    9.4.4.3 France
                    9.4.4.4 Russia
                    9.4.4.5 Italy
                    9.4.4.6 Rest of Europe
    9.5 Middle East
           9.5.1 By Type
           9.5.2 By Application
           9.5.3 By Service
           9.5.4 By Country
                    9.5.4.1 Saudi Arabia
                    9.5.4.2 UAE
                    9.5.4.3 Iran
                    9.5.4.4 Qatar
                    9.5.4.5 Rest of the Middle East
    9.6 South America
           9.6.1 By Type
           9.6.2 By Application
           9.6.3 By Service
           9.6.4 By Country
                    9.6.4.1 Brazil
                    9.6.4.2 Argentina
                    9.6.4.3 Venezuela
                    9.6.4.4 Rest of South America
    9.7 Africa
           9.7.1 By Type
           9.7.2 By Application
           9.7.3 By Service
           9.7.4 By Country
                    9.7.4.1 South Africa
                    9.7.4.2 Algeria
                    9.7.4.3 Rest of Africa

10 Competitive Landscape (Page No. - 94)
     10.1 Overview
     10.2 Competitive Situation & Trends
             10.2.1 Expansions & Investments
             10.2.2 Mergers & Acquisitions
             10.2.3 New Product Launches
             10.2.4 Contracts & Agreements
             10.2.5 Joint Ventures & Collaborations

11 Company Profile (Page No. - 101)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.2 ABB Ltd.
     11.3 Eaton Corporation PLC.
     11.4 General Electric
     11.5 Schneider Electric
     11.6 Siemens AG
     11.7 Honeywell International, Inc.
     11.8 Kirloskar Electric Company Limited
     11.9 Mitsubishi Corporation
     11.10 HZ Electric, Inc.
     11.11 KJ Dynatech, Inc.
     11.12 Ningbo Ligong Online Monitoring Technology Co., Ltd.
     11.13 S&C Electric Company
     11.14 Schweitzer Engineering Laboratories, Inc.
     11.15 Shanghai Kai People Electric Co., Ltd
     11.16 Wilson Transformer Company

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 135)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Introducing RT: Real-Time Market Intelligence
     12.6 Related Reports
     12.7 Author Details


List of Tables (69 Tables)

Table 1 Top Smart Grid Market, 2015
Table 2 Global Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 3 Power Transformer: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 4 Distribution Transformers: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 5 Others: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 6 Global Transformer Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 7 Hardware Solutions: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 8 IT Solutions: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 9 Global Transformer Monitoring System Market Size, By Service, 2014–2021 (USD Million)
Table 10 Oil/Gas Monitoring: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 11 Bushing Monitoring: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 12 Others: Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 13 Transformer Monitoring System Market Size, By Region, 2014–2021 (USD Million)
Table 14 Asia-Pacific: Transformer Monitoring System Market Size, By Type 2014–2021 (USD Million)
Table 15 Asia-Pacific: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 16 Asia-Pacific: Transformer Monitoring System Market Size, By Service, 2014–2021 (USD Million)
Table 17 Asia-Pacific: Transformer Monitoring System Market Size, By Country, 2014–2021 (USD Million)
Table 18 China: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 19 Japan: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 20 India: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 21 South Korea: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 22 Australia: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 23 Rest of Asia-Pacific: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 24 North America: Transformer Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 25 North America: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 26 North America: Transformer Monitoring System Market Size, By Service, 2014–2021 (USD Million)
Table 27 North America: Transformer Monitoring System Market Size, By Country, 2014–2021 (USD Million)
Table 28 U.S.: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 29 Canada: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 30 Mexico: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 31 Europe: Transformer Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 32 Europe: Transformer Monitoring System Market Size, By Application 2014–2021 (USD Million)
Table 33 Europe: Transformer Monitoring System Market Size, By Service, 2014–2021 (USD Million)
Table 34 Europe: Transformer Monitoring System Market Size, By Country, 2014–2021 (USD Million)
Table 35 U.K.: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 36 Germany: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 37 France: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 38 Russia: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 39 Italy: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 40 Rest of Europe: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 41 Middle East: Transformer Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 42 Middle East: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 43 Middle East: Transformer Monitoring System Market Size, By Service, 2014–2021 (USD Million)
Table 44 Middle East: Transformer Monitoring System Market Size, By Country, 2014–2021 (USD Million)
Table 45 Saudi Arabia: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 46 UAE: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 47 Iran: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 48 Qatar: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 49 Rest of the Middle East: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 50 South America: Transformer Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 51 South America: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 52 South America: Transformer Monitoring System Market Size, By Service, 2014–2021 (USD Million)
Table 53 South America: Transformer Monitoring System Market Size, By Country, 2014–2021 (USD Million)
Table 54 Brazil: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 55 Argentina: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 56 Venezuela: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 57 Rest of South America: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 58 Africa: Transformer Monitoring System Market Size, By Type, 2014–2021 (USD Million)
Table 59 Africa: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 60 Africa: Transformer Monitoring System Market Size, By Service, 2014–2021 (USD Million)
Table 61 Africa: Transformer Monitoring System Market Size, By Country, 2014–2021 (USD Million)
Table 62 South Africa: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 63 Algeria: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 64 Rest of Africa: Transformer Monitoring System Market Size, By Application, 2014–2021 (USD Million)
Table 65 Expansions & Investments, 2011-2016
Table 66 Mergers & Acquisitions, 2011-2016
Table 67 New Product Launches, 2011-2016
Table 68 Contracts & Agreements, 2011-2016
Table 69 Joint Ventures & Collaborations, 2011-2016


List of Figures (45 Figures)

Figure 1 Market Segmentation: Transformer Monitoring System Market
Figure 2 Countries Covered
Figure 3 Transformer Monitoring System: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Transformer Monitoring System: Data Triangulation
Figure 7 Asia-Pacific Occupied the Largest Market Share (Value) in 2015
Figure 8 Transformer Monitoring System Market Share (Value), By Type, 2016 & 2021 (USD Million)
Figure 9 Power Transformer are Expected to Account for the Maximum Share During the Forecast Period
Figure 10 Oil/Gas Monitoring Segment Was the Largest Service in 2016 & is Projected to Remain So Till 2021
Figure 11 Transformer Monitoring System Market Snapshot: Asia-Pacific is Expected to Be the Largest Market During the Forecast Period
Figure 12 Top Market Development (2014–2015)
Figure 13 Attractive Market Opportunities in the Transformer Monitoring System Market
Figure 14 Transformer Monitoring System Market Share (Value), By Type, 2016–2021
Figure 15 Power Transformer Segment is Estimated to Dominate Transformer Monitoring System Market By 2021
Figure 16 Africa and Middle East is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 17 Oil/Gas Monitoring Service Segment is Expected to Dominate the Transformer Monitoring System Market
Figure 18 Africa is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 19 Transformer Monitoring System Market Segmentation: By Service, Application, Type, & Region
Figure 20 Market Dynamics for Transformer Monitoring System Market
Figure 21 Renewable Investments By Developing Countries, 2015
Figure 22 Top 10 Investors for Renewable Energy, 2015
Figure 23 Offshore Wind Installed Capacity, 2015
Figure 24 Supply Chain Analysis: Major Value is Added During the Manufacturing & Assembly Phase
Figure 25 Regional Snapshot: Growth Rate of Transformer Monitoring System Market in Important Countries, From 2016 to 2021
Figure 26 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities, in 2015
Figure 27 Regional Snapshot: North America Was the Largest Market, in 2015
Figure 28 Companies Adopted Expansions & Investments and Mergers & Acquisitions to Capture the Market, 2011-2016
Figure 29 Battle for Market Share: Expansions & Investments Was the Key Strategy, 2011–2016
Figure 30 Market Share Analysis, By Revenue, 2015
Figure 31 Market Evaluation Framework: Expansions & Investments, Mergers & Acquisitions, and New Product Launches Fueled Growth From 2011 to 2016
Figure 32 Region-Wise Revenue Mix of the Top 5 Players
Figure 33 ABB Ltd.: Company Snapshot
Figure 34 SWOT Analysis: ABB Ltd.
Figure 35 Eaton Corporation PLC.: Company Snapshot
Figure 36 SWOT Analysis: Eaton Corporation
Figure 37 General Electric.: Company Snapshot
Figure 38 SWOT Analysis: General Electric
Figure 39 Schneider Electric: Company Snapshot
Figure 40 SWOT Analysis: Schneider Electric
Figure 41 Siemens AG: Company Snapshot
Figure 42 SWOT Analysis: Siemens AG
Figure 43 Honeywell International, Inc.: Company Snapshot
Figure 44 Kirloskar Electric Company Limited: Company Snapshot
Figure 45 Mitsubishi Corporation: Company Snapshot

The global transformer monitoring system market is projected to grow at a CAGR of 12.77% from 2016 to 2021, to reach a market size of USD 2.68 Billion by 2021. This growth is attributed to the digitalization of utilities, renewable investments, and smart grid initiatives.

The report segments the transformer monitoring system market based on type into hardware solutions and IT solutions. The hardware solutions segment is expected to dominate the transformer monitoring system market during the forecast period. On the hand, the IT solutions segment is expected to witness the fastest growth during the same period.

Based on application, the transformer monitoring system market has been categorized into distribution transformers, power transformers, and others. Others include generator transformer and specialty transformer. The power transformer segment accounted for the largest market share in 2015, which is attributed to government regulations targeting the monitoring and control of the transmission networks. These transformers operate on high voltages, and therefore, it becomes extremely vital to monitor them regularly as against time-based monitoring and maintenance.

In this report, the transformer monitoring system market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to dominate the global transformer monitoring system market during the forecast period, owing to capacity addition and enhancement plans of the utilities in the developing countries. Moreover, countries such as India and China have invested highly in smart grids, in turn boosting the demand for transformer monitoring solutions.

Transformer Monitoring System Market

Digitalization of utilities, renewable investments, and smart grid initiatives are expected to drive the growth of the transformer monitoring system market. Local companies providing low-quality transformer monitoring system in countries such as China and other south Asian countries provide stiff competition to global market players. Manufacturing of low-quality transformer monitoring systems by local manufacturers affects the revenue of established players.

Some of the leading players in the transformer monitoring system market include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Schneider Electric (France), and Siemens AG (Germany). Expansion & investment was the strategy most commonly adopted by top players in the market, constituting 39% of the total developments from 2011 to 2016. It was followed by mergers & acquisitions, new product launches, contracts & agreements, and joint venture & collaborations.

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