Transformer Monitoring Systems Market By Application (Power Transformers, Distribution Transformers, Distribution Transformers), By End-Use Verticals (Residential, Commercial, Industrial) - Growth, Future Prospects & Competitive Analysis, 2018 - 2026
Industry Outlook
The global transforming monitoring systems market was valued US$ 1490.3 Mn in 2017 and expected to grow at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period from 2018 to 2026. The projected growth can be largely credited to several upcoming smart grid infrastructure projects and risisng popularity of non-conventinal energy resources across the globe. The ever-increasing demand for uninterrupted energy supply has encouraged several nations worldwide to explore new avenues for electricity generation and management. The existing electricity infrastructure is witnessing a paradigm shift from conventional to smart electrification systems in view of growing need for conserving energy and curbing environmental damage. Transformer monitoring systems continuously monitor parameters such as thermal modeling, dissolved gas analysis, partial discharge analysis, cooling, current and voltage flow and brushing monitoring. These parameters aids in evaluating the operating condition of transformers and avert potential breakdowns.
Being a vital part of an electric generation and distribution unit, failure of transformers can lead to extended power outages, environmental hazards and expensive overhauling. Transformer monitoring systems are incorporated in power generation and distribution units to address aforementioned issues and related expenses. Thus, demand for transformer monitoring systems is expected to grow consistently with expansion of electrical infrastructure. Transformer monitoring system manufacturers are focusing on enhancing the reliability of their products by incorporating modern day electronics and control systems within monitoring systems. Integration of cloud computing and big data analytics has facilitated precise evaluation of transformer health condition through system automation and real-time remote monitoring. Owing to the aforementioned features and merits offered, demand for transformer monitoring systems is expected to grow consistently among utilities in the following years.
"Rising energy demand and consequent increase in power generation plants to aid demand for power transformer monitoring systems"
In 2017, power transformer monitoring systems led the overall transformer monitoring systems market in terms of market value. The electricity generation infrastructure is witnessing continuous expansion and up-gradation worldwide. Governments across several nations have undertaken projects for modernizing/upgrading their aging power grid infrastructure. In order to avoid power outages and expenses associated with transformer failures, transformer monitoring systems have been increasingly integrated into the power systems. The trend is expected to continue and the segment is anticipated to continue leading the market in the following years. Rapidly growing urbanization, industrialization, and consequent rise in energy demand has encouraged governments across the globe to undertake several electrification projects. This has had positive impact on demand for both power transformers and distribution transformers. Subsequently, demand for monitoring systems for respective variants (power transformers and distribution transformers) will witness a surge in the coming years.
"Expansion of electricity infrastructure to aid growth in Asia Pacific"
Asia Pacific dominated the overall transformer monitoring market in 2017. The market in Asia Pacific is majorly backed by demand from several developing countries including China and India. Several other countries in the region are also focusing on strengthening their electricity infrastructure to limit losses arising from issues such as power outages and system breakdown. Rapid expansion of electricity infrastructure has rendered this region as the most attractive market for transforming monitoring systems. Being an integral part of smart grids, transformer monitoring systems are expected to grow consistently throughout the forecast period from 2018 to 2026.
In terms of value contribution, North America trails Asia Pacific in the global transformers monitoring systems market. North America is relatively a mature market and expected to experience a slow and steady growth throughout the forecast period from 2018 to 2026. Increased integration of smart systems with existing electricity infrastructure in order to ensure uninterrupted electricity supply has fueled growth of the transformer monitoring systems market in North America. In addition, various non-conventional energy projects and recent overhauling of electricity infrastructure after natural calamities have collectively fueled market momentum.
Historical & Forecast Period
Considering 2017 as the base year for the research, every segment of the market is closely analyzed and are included in this report. Market value estimation and Compound Annual Growth Rate (CAGR) for respective segments and region/countries are calculated for the period from 2016 to 2026.
Several leading transformer monitoring systems manufacturing companies are profiled thoroughly in this report along with their key developments, strategies and market positioning in order to aid the strategic decision makers. Some of the major transformer monitoring system manufacturers profiled in the research study include ABB Group, Advanced Power Technologies LLC, Camlin Power Ltd., EMCO ELECTRONICS LLP, Eaton Corporation Plc, EDMI Ltd., GE Power, HZ Electric Inc., Honeywell International, Inc., KJ Dynatech, Inc., Koncar- Electrical Engineering Institute, Inc., Schweitzer Engineering Laboratories, Inc., Siemens AG, S&C Electric Company, Inc. and Wilson Transformer Company Pty Ltd.
Key questions answered in this report
- What are the latest market trends shaping the global transformer monitoring systems market?
- How environmental factors, regulatory framework, and mandates affect the global as well as the regional markets?
- What technological changes are being incorporated into the transformer monitoring systems to improve their reliability?
- Which is the largest and fastest growing segment by application and end-use vertical?
- Which region/country leads the overall transformer monitoring systems market in terms of market value?
- What is the market size and trends prevailing in the emerging markets such as Asia Pacific, Middle East & Africa and Latin America?
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global TMS Market Snapshot
2.2. Global TMS Market, By Application
2.3. Global TMS Market, By End-use Verticals
2.4. Global TMS Market, By Geography
3. Global Transformer Monitoring Systems (TMS) Market Analysis
3.1. Global TMS Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations
4. Global Transformer Monitoring Systems (TMS) Market Value, By Application, 2016 – 2026 (US$ Mn)
4.1. Market Analysis
4.2. Power Transformers
4.3. Distribution Transformers
5. Global Transformer Monitoring Systems (TMS) Market Value, By End-use Verticals, 2016 – 2026 (US$ Mn)
5.1. Market Analysis
5.2. Residential
5.3. Commercial
5.4. Industrial
6. North America Transformer Monitoring Systems (TMS) Market Analysis, 2016 – 2026 (US$ Mn)
6.1. North America TMS Market Value, By Application, 2016 – 2026 (US$ Mn)
6.1.1. Power Transformers
6.1.2. Distribution Transformers
6.2. North America TMS Market Value, By End-use Verticals, 2016 – 2026 (US$ Mn)
6.2.1. Residential
6.2.2. Commercial
6.2.3. Industrial
6.3. North America TMS Market Value, By Country, 2016 – 2026 (US$ Mn)
6.3.1. U.S.
6.3.2. Rest of North America
7. Europe Transformer Monitoring Systems (TMS) Market Analysis, 2016 – 2026 (US$ Mn)
7.1. Europe TMS Market Value, By Application, 2016 – 2026 (US$ Mn)
7.1.1. Power Transformers
7.1.2. Distribution Transformers
7.2. Europe TMS Market Value, By End-use Verticals, 2016 – 2026 (US$ Mn)
7.2.1. Residential
7.2.2. Commercial
7.2.3. Industrial
7.3. Europe TMS Market Value, By Country, 2016 – 2026 (US$ Mn)
7.3.1. U.K.
7.3.2. Germany
7.3.3. France
7.3.4. Rest of Europe
8. Asia Pacific Transformer Monitoring Systems (TMS) Market Analysis, 2016 – 2026 (US$ Mn)
8.1. Asia Pacific TMS Market Value, By Application, 2016 – 2026 (US$ Mn)
8.1.1. Power Transformers
8.1.2. Distribution Transformers
8.2. Asia Pacific TMS Market Value, By End-use Verticals, 2016 – 2026 (US$ Mn)
8.2.1. Residential
8.2.2. Commercial
8.2.3. Industrial
8.3. Asia Pacific TMS Market Value, By Country, 2016 – 2026 (US$ Mn)
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. Rest of Asia Pacific
9. Rest of World Transformer Monitoring Systems (TMS) Market Analysis, 2016 – 2026 (US$ Mn)
9.1. Rest of the World TMS Market Value, By Application, 2016 – 2026 (US$ Mn)
9.1.1. Power Transformers
9.1.2. Distribution Transformers
9.2. Rest of the World TMS Market Value, By End-use Verticals, 2016 – 2026 (US$ Mn)
9.2.1. Residential
9.2.2. Commercial
9.2.3. Industrial
9.3. Rest of the World TMS Market Value, By Country, 2016 – 2026 (US$ Mn)
9.3.1. Latin America
9.3.2. Middle-East and Africa
10. Company Profiles
10.1. ABB Group
10.2. Advanced Power Technologies LLC
10.3. Camlin Power Ltd.
10.4. Eaton Corporation Plc
10.5. EMCO ELECTRONICS LLP
10.6. GE Power
10.7. EDMI Ltd.
10.8. Honeywell International, Inc.
10.9. HZ Electric Inc.
10.10. KJ Dynatech, Inc.
10.11. Koncar- Electrical Engineering Institute, Inc.
10.12. Schweitzer Engineering Laboratories, Inc.
10.13. S&C Electric Company, Inc.
10.14. Siemens AG
10.15. Wilson Transformer Company Pty Ltd.
* TMS - Transformer Monitoring Systems
TABLE 1 Market Snapshot: Global Transformer Monitoring Systems (TMS) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 5 North America TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 6 North America TMS Market Value, By Country, 2016 - 2026 (US$ Bn)
TABLE 7 U.S. TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 8 U.S. TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 9 Rest of North America TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 10 Rest of North America TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 11 Europe TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 12 Europe TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 13 Europe TMS Market Value, By Country, 2016 - 2026 (US$ Bn)
TABLE 14 U.K. TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 15 U.K. TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 16 France TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 17 France TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 18 Germany TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 19 Germany TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 20 Rest of Europe TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 21 Rest of Europe TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 22 Asia Pacific TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 23 Asia Pacific TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 24 Asia Pacific TMS Market Value, By Country, 2016 - 2026 (US$ Bn)
TABLE 25 China TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 26 China TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 27 Japan TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 28 Japan TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 29 India TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 30 India TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 31 Rest of Asia Pacific TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 32 Rest of Asia Pacific TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 33 Rest of World TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 34 Rest of World TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 35 Rest of World TMS Market Value, By Region, 2016 - 2026 (US$ Bn)
TABLE 36 Middle-East and Africa TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 37 Middle-East and Africa TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 38 Latin America TMS Market Value, By Application, 2016 - 2026 (US$ Bn)
TABLE 39 Latin America TMS Market Value, By End-use Verticals, 2016 - 2026 (US$ Bn)
TABLE 40 ABB Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 41 Advanced Power Technologies LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 42 Camlin Power Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 43 EMCO ELECTRONICS LLP: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 44 Eaton Corporation Plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 45 EDMI Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 46 GE Power: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 47 HZ Electric Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 48 Honeywell International, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 49 Koncar- Electrical Engineering Institute, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 50 KJ Dynatech, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 51 Schweitzer Engineering Laboratories, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 52 Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 53 S&C Electric Company, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 54 Wilson Transformer Company Pty Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
FIG. 1 Global Transformer Monitoring Systems (TMS): Market Segmentation
FIG. 2 Global TMS Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global TMS Market, By Application, 2017 (US$ Bn)
FIG. 5 Global TMS Market, By End-use Verticals, 2017 (US$ Bn)
FIG. 6 Global TMS Market, By Geography, 2017 (US$ Bn)
FIG. 7 Global TMS Market Value and Growth, 2016 - 2026, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global TMS Market
FIG. 9 Market Positioning of Key Industry Participants, 2017
FIG. 10 Global TMS Market Value Contribution, By Application, 2016 & 2025 (Value %)
FIG. 11 Global Power Transformers TMS Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 12 Global Distribution Transformers TMS Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 13 Global TMS Market Value Contribution, By End-use Verticals, 2016 & 2025 (Value %)
FIG. 14 Global Residential TMS Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 15 Global Industrial TMS Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 16 Global Commercial TMS Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 17 North America TMS Market Value and Growth, 2016 - 2026, (US$ Bn) (Y-o-Y %)
FIG. 18 Europe TMS Market Value and Growth, 2016 - 2026, (US$ Bn) (Y-o-Y %)
FIG. 19 Asia Pacific TMS Market Value and Growth, 2016 - 2026, (US$ Bn) (Y-o-Y %)
FIG. 20 RoW TMS Market Value and Growth, 2017– 2025, (US$ Bn) (Y-o-Y %)
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