変圧器モニタリング市場：コンポーネント別（ハードウェアソリューション、ソフトウェアソリューション）、タイプ別（オイル浸漬、鋳造樹脂）、サービス別（オイルモニタリング、ブッシングモニタリング、部分放電モニタリング、OLTCモニタリング）、電圧別、地域別 - 2028年までの世界予測

Transformer Monitoring Market by Component (Hardware Solutions, Software Solutions), Type (Oil-Immersed, Cast-Resin), Services (Oil Monitoring, Bushing Monitoring, Partial Discharge Monitoring, OLTC Monitoring), Voltage & Region - Global Forecast to 2028

変圧器モニタリング市場は、2023年の24億米ドルから2028年には37億米ドルに成長すると推定され、予測期間中のCAGRは9.1％を記録する見込みである。変圧器モニタリング市場は、安定した電力供給の必要性、インフラ... もっと見る

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MarketsandMarkets マーケッツアンドマーケッツ	2023年12月7日	US$4,950 シングルユーザライセンスライセンス・価格情報注文方法はこちら	226	239	英語

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変圧器モニタリング市場は、2023年の24億米ドルから2028年には37億米ドルに成長すると推定され、予測期間中のCAGRは9.1％を記録する見込みである。変圧器モニタリング市場は、安定した電力供給の必要性、インフラの老朽化、スマートグリッド技術の進歩が変圧器モニタリングの需要増加を牽引しているため、急成長を遂げている。
"変圧器モニタリング市場、電圧別では高電圧・超高電圧が最大セグメント"
電圧に基づき、変圧器モニタリング市場は3つのタイプに分けられる：低電圧、中電圧、高・超高電圧である。高圧・特別高圧セグメントは、長距離送電に重要な役割を果たすため、変圧器市場を支配している。電力需要の増加、送電網の拡張プロジェクト、再生可能エネルギー源の導入はすべて、高圧・特別高圧変圧器の需要を増加させている。これらの変圧器は、効率的な配電において重要な役割を果たし、変化するエネルギー環境に対応し、信頼性の高い電力網を維持する上で重要なコンポーネントとなっている。
"オイルモニタリング部門はサービスに基づいて最も急成長する部門として浮上する見込み"
サービスに基づいて、変圧器モニタリング市場は、オイルモニタリング、ブッシングモニタリング、部分放電モニタリング、OLTCモニタリング、その他にセグメント化されている。診断媒体として重要な役割を果たす変圧器オイルは、変圧器モニタリング市場で最も大きな割合を占めている。変圧器の状態を監視することで、変圧器の健康状態を知ることができ、予防保守、ダウンタイムの最小化、性能の最適化が可能になり、これらはすべて変圧器の信頼性と寿命を保証する重要な要素である。
「北米は変圧器モニタリング市場において2番目に大きな地域となる見込み
地域別では、変圧器モニタリング市場はアジア太平洋、北米、南米、欧州、中東・アフリカに区分されている。同地域では、電力インフラ近代化の推進、エネルギー効率の重視、厳格な環境要件の結果、変圧器監視市場は北米で拡大している。再生可能エネルギー源の統合や、エネルギー需要の変化に対応するために既存の変圧器資産を最適化する必要性から、監視ソリューションの需要が高まっている。さらに、スマートグリッドプロジェクトへの注力や、リアルタイムモニタリングの経済的・運用的メリットに関する知識の増加が、北米地域における変圧器モニタリング技術の導入拡大に寄与している。

鋳造樹脂は、タイプ別では2番目に急成長が見込まれる。
レトロフィットは、環境に優しく耐火性があるため、2023-2028年のトランスフォーマーモニタリング市場で2番目に速いセグメントになると予想される。環境への関心が高まり、安全性が優先されるようになると、産業界は鋳造樹脂製変圧器を選ぶようになる。効率的な性能を確保するための信頼性の高い監視ソリューションの必要性が、需要の増加にさらに寄与している。
プライマリーの内訳
重要な質的・量的情報を入手・検証し、将来の市場見通しを評価するため、さまざまな主要業界関係者、専門家、主要市場関係者のCレベル幹部、業界コンサルタントなどの専門家に詳細なインタビューを実施した。一次インタビューの分布は以下の通りである：
企業タイプ別ティア1- 45%、ティア2- 30%、ティア3- 25
役職別C-レベル：35％、ディレクターレベル：25％、その他：40
地域別北米27％、欧州20％、アジア太平洋33％、中東・アフリカ12％、南米8
注：その他には、プロダクト・エンジニア、プロダクト・スペシャリスト、エンジニアリング・リードが含まれる。
注：企業の階層は、2021年時点の総収入に基づいて定義されている。ティア1：10億米ドル以上、ティア2：5億米ドル以上10億米ドル未満、ティア3：5億米ドル未満

変圧器モニタリング市場は、幅広い地域で存在感を示す少数の大手企業によって支配されている。変圧器モニタリング市場の大手企業は、GE（米国）、ABB（スイス）、シーメンス・エナジーAG（ドイツ）、シュナイダーエレクトリック（フランス）、イートン（アイルランド）である。
調査範囲
この調査レポートは、変圧器モニタリング市場をコンポーネント別、タイプ別、サービス別、電圧別、用途別、地域別に定義、記述、予測しています。また、市場の質的および量的な詳細分析も行っています。主要な市場促進要因、阻害要因、機会、課題について包括的なレビューを提供しています。また、市場の様々な重要な側面もカバーしています。これらには、競争環境、市場ダイナミクス、金額ベースの市場予測、変圧器モニタリング市場の将来動向などの分析が含まれます。
レポート購入の主な利点
- 信頼性の高い継続的な電力供給の確保が重視されるようになり、変圧器インフラの老朽化という課題に対処するためのモニタリングの必要性が高まっていることが、需要を牽引する可能性が高い。コストの壁などの要因が電力変圧器の成長を妨げている。ビッグデータ分析の成長は、この市場に機会を生み出している。エンドユーザー間の受容レベルは、この市場で各国が直面する主要課題である。
- 製品開発／イノベーション：UHF部分放電モニタリング、トレンド分析、分類技術を使用した変圧器用連続オンラインモニターの発売などの動向。
- 市場の発展：変圧器モニタリングの世界的なシナリオは、電力変圧器の使用を促進するユーティリティのデジタル化、再生可能エネルギーへの投資の増加、世界中で電力消費が増加したことにより発展してきた。
- 市場の多様化：ABBは、ベルトの健全性を継続的に監視し、劣化が発生した場合にアラームと警告を生成することで、資産の状態の完全な概要を提供するベルト用ABB Ability状態監視を発売した。予防保全から予知保全に移行することで、オペレーターは物理的な点検の間に発生する可能性のある費用のかかる故障を回避することができ、危険なエリアから人員を排除することができる。
- 競合評価：変圧器モニタリング市場におけるGE（米国）、ABB（スイス）、シーメンス・エナジーAG（ドイツ）、シュナイダーエレクトリック（フランス）、イートン（アイルランド）などの主要企業の市場シェア、成長戦略、サービス提供の詳細評価

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1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 INCLUSIONS AND EXCLUSIONS 32
1.3.1 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT: INCLUSIONS AND EXCLUSIONS 32
1.3.2 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE: INCLUSIONS AND EXCLUSIONS 32
1.3.3 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES: INCLUSIONS AND EXCLUSIONS 32
1.3.4 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS 33
1.3.5 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS 33
1.4 MARKET SCOPE 33
1.4.1 MARKETS COVERED 33
1.4.2 REGIONAL SCOPE 34
1.4.3 YEARS CONSIDERED 34
1.4.4 CURRENCY CONSIDERED 35
1.5 LIMITATIONS 35
1.6 STAKEHOLDERS 35
1.7 SUMMARY OF CHANGES 36
1.8 RECESSION IMPACT 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 TRANSFORMER MONITORING SYSTEM MARKET: RESEARCH DESIGN 37
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 2 DATA TRIANGULATION 38
2.2.1 SECONDARY DATA 39
2.2.1.1 Key data from secondary sources 39
2.2.2 PRIMARY DATA 39
2.2.2.1 Key industry insights 40
2.2.2.2 Breakdown of primaries 41
2.3 SCOPE 41
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR TRANSFORMER MONITORING SYSTEMS 42
2.4 MARKET SIZE ESTIMATION 42
2.4.1 BOTTOM-UP APPROACH 42
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.4.2 TOP-DOWN APPROACH 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
2.4.3 DEMAND-SIDE ANALYSIS 45
2.4.3.1 Regional analysis 45
2.4.3.2 Country-level analysis 46
2.4.3.3 Assumptions for demand-side analysis 46
2.4.3.4 Calculations for demand-side analysis 46
2.4.4 SUPPLY-SIDE ANALYSIS 47
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF TRANSFORMER MONITORING SYSTEMS 47
FIGURE 7 TRANSFORMER MONITORING SYSTEM MARKET: SUPPLY-SIDE ANALYSIS 47
2.4.4.1 Calculations for supply-side analysis 48
2.4.4.2 Assumptions for supply-side analysis 48
FIGURE 8 INDUSTRY CONCENTRATION, 2022 48
2.4.5 FORECAST 48
2.5 RISK ASSESSMENT 49
2.6 IMPACT OF RECESSION 49
3 EXECUTIVE SUMMARY 50
TABLE 1 TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT 50
FIGURE 9 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD 51
FIGURE 10 HARDWARE SOLUTIONS SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD 52
FIGURE 11 OIL-IMMERSED SEGMENT TO DOMINATE TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD 52
FIGURE 12 POWER TRANSFORMERS SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD 53
FIGURE 13 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD 53
FIGURE 14 OIL MONITORING SEGMENT TO LEAD TRANSFORMER MONITORING SYSTEM MARKET DURING FORECAST PERIOD 54
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRANSFORMER MONITORING SYSTEM MARKET 55
FIGURE 15 RISING ADOPTION OF EFFICIENT POWER DISTRIBUTION SYSTEMS 55
4.2 TRANSFORMER MONITORING SYSTEM MARKET, BY REGION 55
FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 55
4.3 ASIA PACIFIC TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES AND COUNTRY, 2022 56
FIGURE 17 OIL MONITORING SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC TRANSFORMER MONITORING SYSTEM MARKET IN 2022 56

4.4 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT 57
FIGURE 18 HARDWARE SOLUTIONS SEGMENT TO DOMINATE TRANSFORMER MONITORING SYSTEM MARKET IN 2028 57
4.5 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE 57
FIGURE 19 OIL-IMMERSED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028 57
4.6 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION 58
FIGURE 20 POWER TRANSFORMERS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028 58
4.7 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE 58
FIGURE 21 HIGH AND EXTRA HIGH VOLTAGE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028 58
4.8 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES 59
FIGURE 22 OIL MONITORING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF TRANSFORMER MONITORING SYSTEM MARKET IN 2028 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 60
FIGURE 23 TRANSFORMER MONITORING SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 60
5.2.1 DRIVERS 61
5.2.1.1 Increasing focus on digitalization of utilities 61
TABLE 2 PROJECTS BY DIFFERENT COUNTRIES FOR ENERGY TRANSITION 61
FIGURE 24 INVESTMENTS IN DIGITALIZATION OF TRANSFORMERS, 2015–2022 (USD BILLION) 62
5.2.1.2 Increased investments in renewable and clean energy generation 62
FIGURE 25 GLOBAL CLEAN ENERGY INVESTMENTS, 2015–2023 (USD BILLION) 63
FIGURE 26 ENERGY TRANSITION INVESTMENTS, BY TOP 10 COUNTRIES, 2021 (%) 63
FIGURE 27 ENERGY TRANSITION INVESTMENTS, BY SECTOR, 2021 (USD BILLION) 64
5.2.1.3 Growing use of monitoring systems for transformers 64
FIGURE 28 ELECTRICITY CONSUMPTION, BY COUNTRY, 2022 (TWH) 65
5.2.2 RESTRAINTS 65
5.2.2.1 High hardware, software, and installation costs 65
5.2.3 OPPORTUNITIES 65
5.2.3.1 Growing use of big data analytics in energy industry 65
5.2.3.2 Increased investments in offshore wind farms 66
FIGURE 29 NEW OFFSHORE INSTALLATIONS, 2016–2022 (MW) 67
5.2.4 CHALLENGES 67
5.2.4.1 Low acceptance among end users 67
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 67
FIGURE 30 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 68

5.4 ECOSYSTEM MAPPING 68
TABLE 3 COMPANIES AND THEIR ROLE IN TRANSFORMER MONITORING ECOSYSTEM 68
FIGURE 31 TRANSFORMER MONITORING SYSTEM MARKET: ECOSYSTEM MAPPING 69
5.5 VALUE CHAIN ANALYSIS 70
FIGURE 32 TRANSFORMER MONITORING SYSTEM MARKET: VALUE CHAIN ANALYSIS 70
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS 70
5.5.2 TRANSFORMER MONITORING SYSTEM MANUFACTURERS/ASSEMBLERS 70
5.5.3 DISTRIBUTORS/RESELLERS 71
5.5.4 END USERS 71
5.5.5 MAINTENANCE/SERVICE PROVIDERS 71
5.6 TECHNOLOGY ANALYSIS 71
5.6.1 SENSORS AND INTERNET OF THINGS (IOT) 71
5.6.2 DATA ANALYTICS AND ARTIFICIAL INTELLIGENCE (AI) 71
5.6.3 DIGITAL TWINS AND SIMULATION 71
5.6.4 CLOUD-BASED AND MOBILE SOLUTIONS 71
5.7 PATENT ANALYSIS 72
FIGURE 33 TRANSFORMER MONITORING SYSTEM MARKET: PATENT REGISTRATIONS, 2012–2022 72
TABLE 4 TRANSFORMER MONITORING SYSTEM MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2019–2023 73
5.8 TRADE ANALYSIS 75
5.8.1 IMPORT SCENARIO FOR HS CODE 850423-COMPLIANT PRODUCTS 75
TABLE 5 IMPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 76
FIGURE 34 IMPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 77
5.8.2 EXPORT SCENARIO FOR HS CODE 850423-COMPLIANT PRODUCTS 77
TABLE 6 EXPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 77
FIGURE 35 EXPORT DATA FOR HS CODE 850423-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 78
5.8.3 IMPORT SCENARIO FOR HS CODE 850421-COMPLIANT PRODUCTS 78
TABLE 7 IMPORT DATA FOR HS CODE 850421-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 78
FIGURE 36 IMPORT SCENARIO FOR HS CODE 850421-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 79
5.8.4 EXPORT SCENARIO FOR HS CODE 850421-COMPLIANT PRODUCTS 80
TABLE 8 EXPORT DATA FOR HS CODE 850421-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 80
FIGURE 37 EXPORT DATA FOR HS CODE 850421-COMPLIANT PRODUCTS, BY TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 81
5.9 PRICING ANALYSIS 81
FIGURE 38 AVERAGE SELLING PRICE (ASP) OF TRANSFORMER MONITORING SYSTEMS, BY APPLICATION, 2021, 2022, 2023, AND 2028 (USD/UNIT) 81
TABLE 9 AVERAGE SELLING PRICE (ASP) OF TRANSFORMER MONITORING SYSTEMS, BY APPLICATION, 2021, 2022, 2023, AND 2028 (USD/UNIT) 82
TABLE 10 AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021, 2022, AND 2030 (USD/UNIT) 82
FIGURE 39 AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2020, 2021, 2022, AND 2030 (USD/UNIT) 82
5.10 TARIFF ANALYSIS 83
TABLE 11 TARIFF LEVIED ON TRANSFORMER MONITORING SYSTEMS (HS CODE 850423), 2022 83
TABLE 12 TARIFF LEVIED ON TRANSFORMER MONITORING SYSTEMS (HS CODE 850421), 2022 83
5.11 STANDARDS AND REGULATORY LANDSCAPE 84
5.11.1 STANDARDS RELATED TO TRANSFORMER MONITORING SYSTEMS 84
TABLE 13 TRANSFORMER MONITORING SYSTEM MARKET: NORTH AMERICAN STANDARDS 84
TABLE 14 TRANSFORMER MONITORING SYSTEM MARKET: EUROPEAN STANDARDS 85
TABLE 15 TRANSFORMER MONITORING SYSTEM MARKET: ASIA PACIFIC STANDARDS 86
TABLE 16 TRANSFORMER MONITORING SYSTEM MARKET: INTERNATIONAL STANDARDS 87
5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 20 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
5.12 PORTER’S FIVE FORCES ANALYSIS 90
FIGURE 40 TRANSFORMER MONITORING SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 90
TABLE 21 TRANSFORMER MONITORING SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 91
5.12.1 THREAT OF SUBSTITUTES 91
5.12.2 BARGAINING POWER OF SUPPLIERS 91
5.12.3 BARGAINING POWER OF BUYERS 92
5.12.4 THREAT OF NEW ENTRANTS 92
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 92
5.13 CASE STUDY ANALYSIS 93
5.13.1 EARLY DETECTION OF TEMPERATURE, OIL QUALITY, GAS LEVELS, AND ELECTRICAL CHARACTERISTICS IN TRANSFORMERS BY CONDITION MONITORING 93
5.13.1.1 Problem statement 93
5.13.1.2 Solution 93
5.13.2 GUJARAT POWER RESEARCH & DEVELOPMENT (GPRD) DEPLOYED SYSTEM LEVEL SOLUTIONS (SLS)’S REAL-TIME TRANSFORMER MONITORING SYSTEM (TMS) FOR REAL-TIME TRANSFORMER MONITORING 93
5.13.2.1 Problem statement 93
5.13.2.2 Solution 93
5.13.3 OMICRON ELECTRONICS GMBH WAS CONTRACTED BY SUBSTATION BASED IN AUSTRIA TO RECTIFY PARTIAL DISCHARGE AND ENSURE OPERATIONAL SAFETY AND RELIABILITY 94
5.13.3.1 Problem statement 94
5.13.3.2 Solution 94
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 94
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 94
FIGURE 41 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SERVICES 94
TABLE 22 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SERVICES 95
5.14.2 BUYING CRITERIA 95
FIGURE 42 KEY BUYING CRITERIA FOR TOP THREE SERVICES 95
TABLE 23 KEY BUYING CRITERIA FOR TOP THREE SERVICES 95
5.15 KEY CONFERENCES AND EVENTS, 2023–2024 96
TABLE 24 TRANSFORMER MONITORING SYSTEM MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2023–2024 96
6 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE 97
6.1 INTRODUCTION 98
FIGURE 43 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2022 98
TABLE 25 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 98
6.2 LOW VOLTAGE 99
6.2.1 HIGHLY USED TO POWER DEVICES AND SYSTEMS REQUIRING LOWER VOLTAGE 99
TABLE 26 LOW VOLTAGE: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 99
6.3 MEDIUM VOLTAGE 100
6.3.1 USED TO STEP DOWN HIGHER VOLTAGES SUPPLIED BY GRID TO LEVELS APPROPRIATE FOR INDUSTRIAL OPERATIONS, ENSURING SAFE AND MANAGEABLE ELECTRICITY DISTRIBUTION 100
TABLE 27 MEDIUM VOLTAGE: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 100
6.4 HIGH AND EXTRA HIGH VOLTAGE 100
6.4.1 FACILITATES EARLY FAULT DETECTION, COMPLIANCE ADHERENCE, AND REMOTE OVERSIGHT 100
TABLE 28 HIGH VOLTAGE: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 101

7 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES 102
7.1 INTRODUCTION 103
FIGURE 44 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2022 103
TABLE 29 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 103
7.2 OIL MONITORING 104
7.2.1 HELPS DETECT ISSUES EARLY AND EXTEND OPERATIONAL LIFE OF TRANSFORMERS 104
TABLE 30 OIL MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 104
7.3 BUSHING MONITORING 104
7.3.1 ENSURES INTEGRITY AND PREVENTS CRIPPLING OF TRANSFORMER, CIRCUIT BREAKER, OR SHUNT REACTOR BUSHING FAILURE 104
TABLE 31 BUSHING MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 105
7.4 PARTIAL DISCHARGE (PD) MONITORING 105
7.4.1 ENABLES EARLY PROBLEM IDENTIFICATION AND PREVENTATIVE MAINTENANCE 105
TABLE 32 PARTIAL DISCHARGE (PD) MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 106
7.5 ON-LOAD TAP CHANGER (OLTC) MONITORING 106
7.5.1 ENSURES PROPER FUNCTIONING BY MODIFYING TURN RATIO OF TRANSFORMERS AND ADJUSTING VOLTAGE UNDER VARIOUS LOAD SITUATIONS 106
TABLE 33 ON-LOAD TAP CHANGER (OLTC) MONITORING: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 106
7.6 OTHER SERVICES 107
TABLE 34 OTHER SERVICES: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 107
8 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT 108
8.1 INTRODUCTION 109
FIGURE 45 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2022 109
TABLE 35 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 109
8.2 HARDWARE SOLUTIONS 110
8.2.1 INCREASED EFFORTS TO IMPROVE EFFICIENCY, RELIABILITY, AND LONGEVITY OF POWER TRANSFORMERS TO DRIVE DEMAND 110
TABLE 36 HARDWARE SOLUTIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 110
8.3 SOFTWARE SOLUTIONS 110
8.3.1 GROWING ADOPTION FOR PREVENTATIVE MAINTENANCE, IMPROVING POWER TRANSFORMER PERFORMANCE, AND TRANSFORMING RAW DATA INTO USABLE INSIGHTS TO DRIVE MARKET 110
TABLE 37 SOFTWARE SOLUTIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 111
9 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION 112
9.1 INTRODUCTION 113
FIGURE 46 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2022 113
TABLE 38 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 113
TABLE 39 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (UNITS) 113
9.2 POWER TRANSFORMERS 114
9.2.1 CAPABILITY TO DETECT ANOMALIES FOR INFORMED DECISION-MAKING TO DRIVE DEMAND 114
TABLE 40 POWER TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 114
TABLE 41 POWER TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (UNITS) 115
9.3 DISTRIBUTION TRANSFORMERS 115
9.3.1 ABILITY TO REMOTELY MONITOR AND CONTROL POWER DISTRIBUTION TO FUEL DEMAND 115
TABLE 42 DISTRIBUTION TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 116
TABLE 43 DISTRIBUTION TRANSFORMERS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (UNITS) 116
9.4 OTHER APPLICATIONS 117
TABLE 44 OTHER APPLICATIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 118
TABLE 45 OTHER APPLICATIONS: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (UNITS) 118
10 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE 119
10.1 INTRODUCTION 120
FIGURE 47 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2022 120
TABLE 46 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION) 120
10.2 OIL-IMMERSED 121
10.2.1 USED IN UTILITIES TO HANDLE POSSIBLE FAULTS, REDUCE UNPLANNED OUTAGES, AND OPTIMIZE TRANSFORMER PERFORMANCE 121
TABLE 47 OIL-IMMERSED: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 121
10.3 CAST-RESIN 121
10.3.1 IDEAL FOR REAL-TIME ASSESSMENT OF SOLID INSULATION CONDITION 121
TABLE 48 CAST-RESIN: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 122
10.4 OTHER TYPES 122
TABLE 49 OTHER TYPES: TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 123

11 TRANSFORMER MONITORING SYSTEM MARKET, BY REGION 124
11.1 INTRODUCTION 125
FIGURE 48 TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2022 (%) 125
FIGURE 49 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 50 TRANSFORMER MONITORING SYSTEM MARKET, BY REGION, 2021–2028 (USD MILLION) 126
TABLE 51 TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 126
TABLE 52 TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 127
TABLE 53 TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION) 127
TABLE 54 TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 127
TABLE 55 TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 128
11.2 NORTH AMERICA 128
11.2.1 NORTH AMERICAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT 128
FIGURE 50 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT 129
TABLE 56 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 129
TABLE 57 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 130
TABLE 58 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 130
TABLE 59 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION) 130
TABLE 60 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 131
TABLE 61 NORTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 131
11.2.2 US 131
11.2.2.1 Growing electricity demand and need for reliable and efficient operation of power utilities 131
TABLE 62 US: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 132
11.2.3 CANADA 132
11.2.3.1 Rising use to reduce operational risks and ensure reliability of power transformers in technologically evolving landscape 132
TABLE 63 CANADA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 133
11.2.4 MEXICO 133
11.2.4.1 Increasing use of renewable energy and growing emphasis on sustainability and grid resilience 133
TABLE 64 MEXICO: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 134
11.3 EUROPE 134
FIGURE 51 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT 135
11.3.1 EUROPEAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT 135
TABLE 65 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 136
TABLE 66 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 136
TABLE 67 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 136
TABLE 68 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION) 137
TABLE 69 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 137
TABLE 70 EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 137
11.3.2 UK 137
11.3.2.1 Growing adoption of innovative monitoring systems 137
TABLE 71 UK: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 138
11.3.3 GERMANY 138
11.3.3.1 Expansion of T&D network with shift from nuclear and fossil fuels to renewable energy 138
TABLE 72 GERMANY: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 139
11.3.4 FRANCE 139
11.3.4.1 Decommissioning of aging nuclear plants and growing importance of reliable and efficient power infrastructure 139
TABLE 73 FRANCE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 140
11.3.5 ITALY 140
11.3.5.1 Increased power consumption and use of renewable energy sources 140
TABLE 74 ITALY: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 140
11.3.6 RUSSIA 141
11.3.6.1 Rising government-led investments in modernization of power grids 141
TABLE 75 RUSSIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 141
11.3.7 REST OF EUROPE 141
TABLE 76 REST OF EUROPE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 142
11.4 ASIA PACIFIC 142
FIGURE 52 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET SNAPSHOT 143
11.4.1 ASIA PACIFIC TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT 143
TABLE 77 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET , BY COUNTRY, 2021–2028 (USD MILLION) 144
TABLE 78 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 144
TABLE 79 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 144
TABLE 80 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION) 145
TABLE 81 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 145
TABLE 82 ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 145
11.4.2 CHINA 145
11.4.2.1 Rising focus on grid stability and sustainability 145
TABLE 83 CHINA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 146
11.4.3 JAPAN 146
11.4.3.1 Increasing need for modernized and resilient power grids 146
TABLE 84 JAPAN: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 147
11.4.4 INDIA 147
11.4.4.1 Growing need for dependable and efficient power supply and aging transformer infrastructure 147
TABLE 85 INDIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 148
11.4.5 SOUTH KOREA 148
11.4.5.1 Increased power consumption and adoption of renewable sources for electricity production 148
TABLE 86 SOUTH KOREA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 149
11.4.6 AUSTRALIA 149
11.4.6.1 Increasing electricity demand, growing share of renewable energy sources, and rising adoption of distributed generation 149
TABLE 87 AUSTRALIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 149
11.4.7 REST OF ASIA PACIFIC 150
TABLE 88 REST OF ASIA PACIFIC: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 150
11.5 SOUTH AMERICA 150
11.5.1 SOUTH AMERICAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT 150
TABLE 89 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 151
TABLE 90 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 151
TABLE 91 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 151
TABLE 92 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION) 152
TABLE 93 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 152
TABLE 94 SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 152
11.5.2 BRAZIL 152
11.5.2.1 Growing solar power generation 152
TABLE 95 BRAZIL: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 153
11.5.3 ARGENTINA 153
11.5.3.1 Increased hydroelectricity generation 153
TABLE 96 ARGENTINA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 154
11.5.4 VENEZUELA 154
11.5.4.1 Presence of aging and underinvested power grids 154
TABLE 97 VENEZUELA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 155
11.5.5 REST OF SOUTH AMERICA 155
TABLE 98 REST OF SOUTH AMERICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 155
11.6 MIDDLE EAST & AFRICA 156
11.6.1 MIDDLE EASTERN & AFRICAN TRANSFORMER MONITORING SYSTEM MARKET: RECESSION IMPACT 156
TABLE 99 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 156
TABLE 100 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY COMPONENT, 2021–2028 (USD MILLION) 156
TABLE 101 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 157
TABLE 102 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY TYPE, 2021–2028 (USD MILLION) 157
TABLE 103 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY VOLTAGE, 2021–2028 (USD MILLION) 157
TABLE 104 MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 158
11.6.2 GCC COUNTRIES 158
11.6.2.1 High electricity demand in residential sector 158
TABLE 105 UAE: TRANSFORMER MONITORING SYSTEM MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 158
TABLE 106 UAE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 159
11.6.2.2 UAE 159
11.6.2.2.1 Rising investments in solar energy generation 159
TABLE 107 UAE: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 160
11.6.2.3 SAUDI ARABIA 160
11.6.2.3.1 Expansion of grids and energy diversification 160
TABLE 108 SAUDI ARABIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 161
11.6.2.4 QATAR 161
11.6.2.4.1 Increased electricity generation capacity year-on-year 161
TABLE 109 QATAR: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 162
11.6.2.5 REST OF GCC COUNTRIES 162
TABLE 110 REST OF GCC COUNTRIES: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 162
11.6.3 IRAN 163
11.6.3.1 Growing use of renewable energy sources and aging transformer infrastructure 163
TABLE 111 IRAN: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 163
11.6.4 ALGERIA 163
11.6.4.1 Growing deployment in power grids and oil & gas fields 163
TABLE 112 ALGERIA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 164
11.6.5 SOUTH AFRICA 164
11.6.5.1 Increased power generation using coal and growing use to improve transformer dependability and longevity by giving real-time data on performance and potential defects 164
TABLE 113 SOUTH AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 164
11.6.6 REST OF MIDDLE EAST & AFRICA 165
TABLE 114 REST OF MIDDLE EAST & AFRICA: TRANSFORMER MONITORING SYSTEM MARKET, BY SERVICES, 2021–2028 (USD MILLION) 165
12 COMPETITIVE LANDSCAPE 166
12.1 OVERVIEW 166
12.2 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS 167
FIGURE 53 TRANSFORMER MONITORING SYSTEM MARKET: MAJOR STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023 167
12.3 MARKET SHARE ANALYSIS, 2022 168
FIGURE 54 TRANSFORMER MONITORING SYSTEM MARKET SHARE ANALYSIS, 2022 168
12.4 REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022 169
FIGURE 55 TRANSFORMER MONITORING SYSTEM MARKET: ANNUAL REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022 169
12.5 COMPETITIVE SCENARIOS AND TRENDS 170
12.5.1 DEALS 170
TABLE 116 TRANSFORMER MONITORING SYSTEM MARKET: DEALS, 2018–2023 170
12.5.2 OTHERS 172
TABLE 117 TRANSFORMER MONITORING SYSTEM MARKET: OTHERS, 2018–2023 172
12.6 COMPANY EVALUATION MATRIX, 2022 173
FIGURE 56 TRANSFORMER MONITORING SYSTEM MARKET: COMPANY EVALUATION MATRIX, 2022 173
12.6.1 STARS 174
12.6.2 EMERGING LEADERS 174
12.6.3 PERVASIVE PLAYERS 174
12.6.4 PARTICIPANTS 174
12.6.5 COMPANY FOOTPRINT 174
TABLE 118 COMPONENT: COMPANY FOOTPRINT 174
TABLE 119 TYPE: COMPANY FOOTPRINT 175
TABLE 120 SERVICES: COMPANY FOOTPRINT 176
TABLE 121 VOLTAGE: COMPANY FOOTPRINT 177
TABLE 122 APPLICATION: COMPANY FOOTPRINT 178
TABLE 123 REGION: COMPANY FOOTPRINT 179
TABLE 124 COMPANY OVERALL FOOTPRINT 180
12.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 181
FIGURE 57 TRANSFORMER MONITORING SYSTEM MARKET: STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 182
12.7.1 PROGRESSIVE COMPANIES 182
12.7.2 RESPONSIVE COMPANIES 182
12.7.3 DYNAMIC COMPANIES 183
12.7.4 STARTING BLOCKS 183
12.7.5 COMPETITIVE BENCHMARKING 183
TABLE 125 TRANSFORMER MONITORING SYSTEM MARKET: LIST OF KEY STARTUPS/SMES 183
TABLE 126 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY COMPONENT 183
TABLE 127 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY TYPE 184
TABLE 128 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY SERVICES 184
TABLE 129 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY VOLTAGE 184
TABLE 130 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION 185
TABLE 131 KEY STARTUPS/SMES OVERALL FOOTPRINT 185
13 COMPANY PROFILES 186
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
13.1 KEY PLAYERS 186
13.1.1 SIEMENS ENERGY AG 186
TABLE 132 SIEMENS ENERGY AG: COMPANY OVERVIEW 186
FIGURE 58 SIEMENS ENERGY AG: COMPANY SNAPSHOT 187
TABLE 133 SIEMENS ENERGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 134 SIEMENS ENERGY AG: PRODUCT LAUNCHES 188
13.1.2 ABB 189
TABLE 135 ABB: COMPANY OVERVIEW 189
FIGURE 59 ABB: COMPANY SNAPSHOT 190
TABLE 136 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 137 ABB: PRODUCT LAUNCHES 191
13.1.3 GE 192
TABLE 138 GE: COMPANY OVERVIEW 192
FIGURE 60 GE: COMPANY SNAPSHOT 193
TABLE 139 GE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193
TABLE 140 GE: DEALS 194
13.1.4 SCHNEIDER ELECTRIC 195
TABLE 141 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 195
FIGURE 61 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 196
TABLE 142 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196
TABLE 143 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 197
TABLE 144 SCHNEIDER ELECTRIC: DEALS 197
TABLE 145 SCHNEIDER ELECTRIC: OTHERS 197
13.1.5 EATON 199
TABLE 146 EATON: COMPANY OVERVIEW 199
FIGURE 62 EATON: COMPANY SNAPSHOT 200
TABLE 147 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
TABLE 148 EATON: OTHERS 201
13.1.6 MISTRAS GROUP 202
TABLE 149 MISTRAS GROUP: COMPANY OVERVIEW 202
FIGURE 63 MISTRAS GROUP: COMPANY SNAPSHOT 203
TABLE 150 MISTRAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
13.1.7 MITSUBISHI ELECTRIC CORPORATION 204
TABLE 151 MITSUBISHI ELECTRICAL CORPORATION: COMPANY OVERVIEW 204
FIGURE 64 MITSUBISHI ELECTRICAL CORPORATION: COMPANY SNAPSHOT 205
TABLE 152 MITSUBISHI ELECTRICAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 205
TABLE 153 MITSUBISHI ELECTRICAL CORPORATION: DEALS 206
13.1.8 VAISALA 207
TABLE 154 VAISALA: COMPANY OVERVIEW 207
FIGURE 65 VAISALA: COMPANY SNAPSHOT 208
TABLE 155 VAISALA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
13.1.9 HITACHI ENERGY LTD 209
TABLE 156 HITACHI ENERGY LTD: COMPANY OVERVIEW 209
TABLE 157 HITACHI ENERGY LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
13.1.10 KJ DYNATECH, INC. 210
TABLE 158 KJ DYNATECH, INC.: COMPANY OVERVIEW 210
TABLE 159 KJ DYNATECH, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
13.1.11 MASCHINENFABRIK REINHAUSEN GMBH 211
TABLE 160 MASCHINENFABRIK REINHAUSEN GMBH: COMPANY OVERVIEW 211
TABLE 161 MASCHINENFABRIK REINHAUSEN GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
TABLE 162 MASCHINENFABRIK REINHAUSEN GMBH: DEALS 212
TABLE 163 MASCHINENFABRIK REINHAUSEN GMBH: OTHERS 212
13.1.12 QUALITROL 213
TABLE 164 QUALITROL: COMPANY OVERVIEW 213
TABLE 165 QUALITROL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 213
TABLE 166 QUALITROL: PRODUCT LAUNCHES 214
13.1.13 GASERA 215
TABLE 167 GASERA: COMPANY OVERVIEW 215
TABLE 168 GASERA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215
13.1.14 DOBLE ENGINEERING COMPANY 216
TABLE 169 DOBLE ENGINEERING COMPANY: COMPANY OVERVIEW 216
TABLE 170 DOBLE ENGINEERING COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 171 DOBLE ENGINEERING COMPANY: PRODUCT LAUNCHES 217
TABLE 172 DOBLE ENGINEERING COMPANY: DEALS 217
13.1.15 WILSON TRANSFORMERS 218
TABLE 173 WILSON TRANSFORMERS: COMPANY OVERVIEW 218
TABLE 174 WILSON TRANSFORMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218
13.2 OTHER PLAYERS 219
13.2.1 SAIELECTRICAL 219
13.2.2 CAMLIN LTD 219
13.2.3 TREETECH 220
13.2.4 EMCO ELECTRONICS 220
13.2.5 ADVANCED POWER TECHNOLOGIES LLC 221
13.2.6 KONCAR - ELECTRICAL ENGINEERING INSTITUTE LTD. 222
13.2.7 CMSGP 222
13.2.8 UBICQUIA, INC 223
13.2.9 AVL INDIA PRIVATE LTD 223
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14 APPENDIX 224
14.1 INSIGHTS FROM INDUSTRY EXPERTS 224
14.2 DISCUSSION GUIDE 225
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 230
14.4 CUSTOMIZATION OPTIONS 232
14.5 RELATED REPORTS 232
14.6 AUTHOR DETAILS 233

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Table of Contents

Summary

The Transformer Monitoring market is estimated to grow from USD 2.4 Billion in 2023 to USD 3.7 Billion by 2028; it is expected to record a CAGR of 9.1% during the forecast period. The Transformer Monitoring market is witnessing rapid growth due to the need for stable power supply, aging infrastructure, and the advancement of smart grid technologies are driving rising demand for transformer monitoring.
“High & Extra High Voltage is the largest segment of the Transformer Monitoring market, by voltage”
Based on voltage, the Transformer Monitoring market has been split into three types: Low voltage, medium voltage and high & extra high voltage. The high and extra high voltage segment dominates the transformers market due to its vital role in power transmission across large distances. Rising electricity demand, grid expansion projects, and the incorporation of renewable energy sources all increase the demand for high and extra high voltage transformers. These transformers serve an important role in efficient power distribution, making them an important component in handling the changing energy landscape and maintaining reliable electrical grids.
“Oil Monitoring segment is expected to emerge as the fastest-growing segment based on services”
Based on services, the Transformer Monitoring market has been segmented into oil monitoring, bushing monitoring, partial discharge monitoring, OLTC monitoring and others. Due to its vital role as a diagnostic medium, transformer oil accounts for the greatest portion of the transformer monitoring market. Monitoring its state provides insights into the transformer's health, allowing for preventative maintenance, minimizing downtime, and optimising performance, all of which are important elements in assuring transformer reliability and lifetime.
“North America is expected to emerge as the second-largest region based on Transformer Monitoring market”
By region, the Transformer Monitoring market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In the region, the transformer monitoring market is expanding in North America as a result of a push for power infrastructure modernization, a concentration on energy efficiency, and rigorous environmental requirements. Monitoring solutions are in high demand due to the integration of renewable energy sources and the requirement to optimize existing transformer assets to meet changing energy demands. Furthermore, a focus on smart grid projects, as well as increased knowledge of the economic and operational benefits of real-time monitoring, contribute to the increased implementation of transformer monitoring technology in the North America region.

Cast resin is expected to be the second-fastest segment based on the type
Retrofit is expected to be the second-fastest segment in the Transformer Monitoring market between 2023–2028 due to their eco-friendly and fire-resistant properties. As environmental concerns grow and safety becomes a priority, industries opt for cast resin transformers. The need for reliable monitoring solutions to ensure their efficient performance further contributes to the increasing demand.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, the Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Transformer Monitoring market is dominated by a few major players that have a wide regional presence. The leading players in the Transformer Monitoring market are GE (US), ABB (Switzerland), Siemens Energy AG (Germany), Schneider Electric (France), and Eaton (Ireland).
Research Coverage:
The report defines, describes, and forecasts the Transformer Monitoring market, by component, type, services, voltage, application, and region. It also offers a detailed qualitative and quantitate ve analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Transformer Monitoring market.
Key Benefits of Buying the Report
• Growing emphasis on ensuring a reliable and continuous power supply and need for monitoring to address the challenges of aging transformer infrastructure is likely to drive the demand. Factors such as cost barrier is hindering the growth of power transformers. Growth of big data analytic is creating opportunities in this market. Acceptance level among end users are major challenges faced by countries in this market.
• Product Development/ Innovation: The trends such as launching of continuous online monitors for transformers that uses UHF Partial Discharge monitoring, trending and classification technology.
• Market Development: The global scenario of transformer monitoring has developed due to digitalization of the utilities promoting use of power transformers, increased investments in renewable energy, and increased electricity consumption throughout the world.
• Market Diversification: ABB launched ABB Ability condition monitoring for belts which offers a complete overview of the assets’ condition through continuous monitoring of belt health, generating alarms and warnings in the event of deterioration. By moving from preventative to predictive maintenance, it enables operators to avoid the costly failures that can occur between physical inspections and personnel can be removed from dangerous areas.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like GE (US), ABB (Switzerland), Siemens Energy AG (Germany), Schneider Electric (France), and Eaton (Ireland) among others in the Transformer Monitoring market

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ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。

本レポートと同分野（環境・エネルギー）の最新刊レポート

MarketsandMarkets社のEnergy & Power分野での最新刊レポート

本レポートと同じKEY WORD（discharge）の最新刊レポート

よくあるご質問

MarketsandMarkets社はどのような調査会社ですか?

調査レポートの納品までの日数はどの程度ですか?

注文の手続きはどのようになっていますか?

お支払方法の方法はどのようになっていますか?

データリソース社はどのような会社ですか?