In a recent research report by Maximize Market Research, the Transformer Monitoring System Market is expected to surpass US $ 2072.90 million by the year 2027, from US $ 2691.29 million in 2020.
Because of the popularity and growth of power over the last few decades, there is a demand for transmission monitoring systems. The growing market share of industrial analysis transformer monitoring system has offered various prospects for expansion. Industrial manufacturing units, expanding technological breakthroughs and the increased adoption of electrical and electronic products are all contributing to this industry’s growing need. For the expanding energy needs, market trends are essential. Transformers control the flow of electric current. In situations where high voltage is necessary, these are vital.
The automation of electricity services is driving up demand for industry trends. The expansion of analytical machine learning is being aided by the digitalization of electricity utilities. The rise of electrical utilities is also fueled by artificial intelligence and robotic systems hardware. The power utilities are beneficial to the transformer monitoring system industry’s development and expansion. The smart grid makes power grids more adaptable and resilient, as well as assisting in the system electric power systems.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 3.8%, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Valve Driverin the region, the Value – Chain analysis, and the PORTER’s analysis for the Valve Drivermarket at a global level.
The study is consolidated on the basis of segments and further into sub-segments by type (Hardware Solutions and IT Solutions), Application (Distribution Transformers, Power Transformers, and Others (Generator Transformer and Specialty Transformer)), and by Service (Oil/Gas Monitoring, Bushing Monitoring, and Others (Temperature Monitoring and Partial Discharge Monitoring)).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players– GE, ABB, Siemens, Doble Engineering Company, Eaton, Weidmann, Schneider Electric, Mitsubishi, Qualitrol, Koncar, Schweitzer Engineering Laboratories, LGOM, KJ Dynatech Inc., Honeywell International Inc.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Transformer Monitoring System Market.”
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Office no. 4,
Navale IT Zone Phase-2,
Mumbai -Bangalore bypass highway,
Pune- 411041
Maharashtra, India
+91 9607195908