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
[144 Pages Report] The global transformer monitoring system market was valued at USD 2.68 Billion in 2015, and is expected to grow at a CAGR of 12.77% from 2016 to 2021. The evolution of internet of things and bigdata analytics have spurred the demand for digitalization of utilities and smart grids investments, which are likely to drive the demand for transformer monitoring systems. Moreover, increased renewable investments have additionally generated the demand for transformer monitoring solutions :
- 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.
The objective of the study is to define, describe, and forecast the global transformer monitoring systems market by type, application, service, and region. The report also aims to provide detailed information regarding the major factors influencing the growth of the market such as drivers, restraints, opportunities, and industry-specific challenges related to the market.
Research Methodology
The research methodology for transformer monitoring system with the capturing of data on the key vendor revenues through secondary research, annual reports, government publishing sources, IEEE, Factiva, Bloomberg, and press releases. These sources were also used to identify and collect information useful for a technical, market-oriented, and commercial study of the global transformer monitoring systems 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 industrys value chain. The points given below further 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
- 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
- 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
The breakdown of the profiles of the primary participants is depicted in the figure given below:
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Market Ecosystem:
The ecosystem of the global transformer monitoring system market includes components manufacturer and software developing companies. These components and software are then integrated by the OEM or integrators such as ABB Ltd., Eaton Corporation Plc., and General Electric, to form a transformer monitoring system. The end-users of transformer monitoring system are public and private utility companies and electricity transmission companies.
The reports 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
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:
- 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 specific needs of the client. The following customization options are available for this report:
Geographic Analysis
- Further breakdown of the regional/country level markets
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
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 systems market based on type into hardware solutions and IT solutions. The hardware solutions segment is expected to dominate the 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 systems 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 systems 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 systems 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.
Digitalization of utilities, renewable investments, and smart grid initiatives are expected to drive the growth of the transformer monitoring systems 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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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 Systems 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 Systems Market, By Application (Page No. - 45)
6.1 Introduction
6.2 Power Transformers
6.3 Distribution Transformers
6.4 Others
7 Transformer Monitoring Systems Market, By Type (Page No. - 50)
7.1 Introduction
7.2 Hardware Solutions
7.3 IT Solutions
8 Transformer Monitoring Systems 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)
11.1 Introduction
(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, 20142021 (USD Million)
Table 3 Power Transformer: Market Size, By Region, 20142021 (USD Million)
Table 4 Distribution Transformers: Market Size, By Region, 20142021 (USD Million)
Table 5 Others: Market Size, By Region, 20142021 (USD Million)
Table 6 Global Market Size, By Type, 20142021 (USD Million)
Table 7 Hardware Solutions: Market Size, By Region, 20142021 (USD Million)
Table 8 IT Solutions: Market Size, By Region, 20142021 (USD Million)
Table 9 Global Market Size, By Service, 20142021 (USD Million)
Table 10 Oil/Gas Monitoring: Market Size, By Region, 20142021 (USD Million)
Table 11 Bushing Monitoring: Market Size, By Region, 20142021 (USD Million)
Table 12 Others: Market Size, By Region, 20142021 (USD Million)
Table 13 Market Size, By Region, 20142021 (USD Million)
Table 14 Asia-Pacific: Market Size, By Type 20142021 (USD Million)
Table 15 Asia-Pacific: Market Size, By Application, 20142021 (USD Million)
Table 16 Asia-Pacific: Market Size, By Service, 20142021 (USD Million)
Table 17 Asia-Pacific: Market Size, By Country, 20142021 (USD Million)
Table 18 China: Market Size, By Application, 20142021 (USD Million)
Table 19 Japan: Market Size, By Application, 20142021 (USD Million)
Table 20 India: Market Size, By Application, 20142021 (USD Million)
Table 21 South Korea: Market Size, By Application, 20142021 (USD Million)
Table 22 Australia: Market Size, By Application, 20142021 (USD Million)
Table 23 Rest of Asia-Pacific: Market Size, By Application, 20142021 (USD Million)
Table 24 North America: Transformer Monitoring Systems Market Size, By Type, 20142021 (USD Million)
Table 25 North America: Market Size, By Application, 20142021 (USD Million)
Table 26 North America: Market Size, By Service, 20142021 (USD Million)
Table 27 North America: Market Size, By Country, 20142021 (USD Million)
Table 28 U.S.: Market Size, By Application, 20142021 (USD Million)
Table 29 Canada: Market Size, By Application, 20142021 (USD Million)
Table 30 Mexico: Market Size, By Application, 20142021 (USD Million)
Table 31 Europe: Market Size, By Type, 20142021 (USD Million)
Table 32 Europe: Market Size, By Application 20142021 (USD Million)
Table 33 Europe: Market Size, By Service, 20142021 (USD Million)
Table 34 Europe: Market Size, By Country, 20142021 (USD Million)
Table 35 U.K.: Transformer Monitoring Systems Market Size, By Application, 20142021 (USD Million)
Table 36 Germany: Market Size, By Application, 20142021 (USD Million)
Table 37 France: Market Size, By Application, 20142021 (USD Million)
Table 38 Russia: Market Size, By Application, 20142021 (USD Million)
Table 39 Italy: Market Size, By Application, 20142021 (USD Million)
Table 40 Rest of Europe: Market Size, By Application, 20142021 (USD Million)
Table 41 Middle East: Market Size, By Type, 20142021 (USD Million)
Table 42 Middle East: Market Size, By Application, 20142021 (USD Million)
Table 43 Middle East: Market Size, By Service, 20142021 (USD Million)
Table 44 Middle East: Market Size, By Country, 20142021 (USD Million)
Table 45 Saudi Arabia: Market Size, By Application, 20142021 (USD Million)
Table 46 UAE: Market Size, By Application, 20142021 (USD Million)
Table 47 Iran: Market Size, By Application, 20142021 (USD Million)
Table 48 Qatar: Market Size, By Application, 20142021 (USD Million)
Table 49 Rest of the Middle East: Market Size, By Application, 20142021 (USD Million)
Table 50 South America: Market Size, By Type, 20142021 (USD Million)
Table 51 South America: Market Size, By Application, 20142021 (USD Million)
Table 52 South America: Market Size, By Service, 20142021 (USD Million)
Table 53 South America: Market Size, By Country, 20142021 (USD Million)
Table 54 Brazil: Market Size, By Application, 20142021 (USD Million)
Table 55 Argentina: Market Size, By Application, 20142021 (USD Million)
Table 56 Venezuela: Market Size, By Application, 20142021 (USD Million)
Table 57 Rest of South America: Market Size, By Application, 20142021 (USD Million)
Table 58 Africa: Market Size, By Type, 20142021 (USD Million)
Table 59 Africa: Market Size, By Application, 20142021 (USD Million)
Table 60 Africa: Market Size, By Service, 20142021 (USD Million)
Table 61 Africa: Market Size, By Country, 20142021 (USD Million)
Table 62 South Africa: Market Size, By Application, 20142021 (USD Million)
Table 63 Algeria: Market Size, By Application, 20142021 (USD Million)
Table 64 Rest of Africa: Market Size, By Application, 20142021 (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 Systems 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 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 Systems Market Snapshot: Asia-Pacific is Expected to Be the Largest Market During the Forecast Period
Figure 12 Top Market Development (20142015)
Figure 13 Attractive Market Opportunities in the Transformer Monitoring Systems Market
Figure 14 Market Share (Value), By Type, 20162021
Figure 15 Power Transformer Segment is Estimated to Dominate Transformer Monitoring Systems 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 Systems Market
Figure 18 Africa is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 19 Transformer Monitoring Systems Market Segmentation: By Service, Application, Type, & Region
Figure 20 Market Dynamics for Transformer Monitoring Systems 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 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, 20112016
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
Growth opportunities and latent adjacency in Transformer Monitoring System Market