The transformer monitoring system market size is projected to reach USD 7.91 billion by 2025, with a CAGR of 12.82% from 2019 to 2025. The major factors driving the growth of the global transformer monitoring system market include rising investments in the renewable sector.

1. Transformers are defined as the electrical equipments that are helpful in fluctuating the voltage of
the electric current. Market Research Future (MRFR) has published a research report about the
global transformer monitoring system market that predicts growth for this market at during the
forecast period that would end in 2022. A detailed analysis report of COVID-19 impact on
Transformer Monitoring System Market is provided with the report.
The most crucial factors driving the global transformer monitoring system market growth include
the rapid installation of power transformers and increased demand for energy generation from both
renewable and non-renewable sources of energy. Other factors contributing to the market growth
include growing demand for power and cost-effective power distribution via transformers.
However, factors that can impede the market growth include high investment cost for installation
and high maintenance cost in order to ensure smooth functioning as well as real-time monitoring
of transformer monitoring systems.
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Industry Highlights
Transformers are an electrical component used to increase or decrease the voltage of the electric
current in the mainline grid. The role of transformers in large-scale electricity distribution systems
is enormously important. A significant amount of electrical energy is lost during long-distance
transmission of an electric current. However, this wastage can be minimized by maximizing the
voltage during long-distance transmission. Thus, transformers are used to “step up” the voltage in
a mainline grid system before the electricity is sent across the board to the various branches of the
grid system. This ensures minimal power loss during transmission. However, the high voltage
maintained during long-distance transmission cannot operate household appliances, as the latter
run on a lower level of voltage. Thus, transformers are also used in the reverse operation of
reducing the voltage in the current, known as “stepping down”, before the electricity is sent to
individual end users.
Transformer Monitoring System Market Segmental Analysis:
The global transformer monitoring system market has been segmented on the basis of type,
service, application, and region.
By Types
• Hardware Solutions
• Software Solutions
By Service
• Oil/Gas Monitoring
• Bushing Monitoring
• Others

2. By Application
• Distribution Transformers
• Power Transformers
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Transformer Monitoring System Regional Industry Analysis
The regional segmentation of the global transformer monitoring system market segments the
market into the regional markets known as North America, Asia Pacific, Europe, and the Middle
East & Africa (MEA).
During the forecast period, the Asia Pacific region has been anticipated to be the largest regional
market due to the planned investments for the increased power capacity utilization required in this
region. Countries like India and China are investing a lot in smart grids, boosting the demand for
transformer monitoring solutions. Other factors contributing to the market growth in this region
include rapid urbanization, growing industrialization, and rise in demand for power. Another
pivotal country-specific market in this region is heavily industrialized Japan, followed by the
remaining countries of the Asia Pacific region.
In Europe and North America, the market is growing due to established industries, urban setting,
technological advancement, and the presence of many key market players in these regions. In
Europe, the most important country-specific markets are France, Germany, Spain, and the UK,
followed by the remaining countries of Europe. In North America, such markets are the USA and
Canada. In the MEA region, the market is limited due to poor countries, lack of awareness, lack
of technological advancement, and lack of education.
Prominent Players
The key players in the global transformer monitoring system market include ABB automation
company Ltd. (Switzerland), Advanced Power AG (Switzerland), BPL Global LLC (USA),
Crompton Greaves Ltd. (India), Dynamic Ratings Pvt. Ltd. (USA), Eaton Corporation Plc.
(Republic of Ireland), Echelon Corporation (USA), Elster Group SE (Germany), General Electric
Company (USA), Hyosung Corporation (South Korea), Schneider Electric S.E. (France), and
Siemens AG (Germany).

3. Browse Transformer Monitoring System Industry Research Report at:
https://www.marketresearchfuture.com/reports/transformer-monitoring-system-market-
2311
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