PUNE, India, November 4, 2016 /PRNewswire/ --

The report "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" published by MarketsandMarkets, the market is expected to grow from an estimated USD 1.47 Billion in 2016 to USD 2.68 Billion by 2021, registering a CAGR of 12.77% from 2016 to 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 73 market data Tables and 58 Figures spread through 198 Pages and in-depth TOC on "Transformer Monitoring System Market"

http://www.marketsandmarkets.com/Market-Reports/transformer-monitoring-system-market-197443553.html
Early buyers will receive 10% customization on this report.

The global market is witnessing significant growth due to digitalization of utilities, renewable investments, and smart grid initiatives. Digitalization of utilities is the major factor driving the demand for transformer monitoring solutions.

The power transformer segment is expected to hold the largest share of the Transformer Monitoring System Market, by application, during the forecast period 

The power transformers segment is the largest in the applications of the Transformer Monitoring System Market. This share is attributed to grow because of government regulations targeting the monitoring and control of the transmission networks. Remote monitoring is also a key focus area in most countries, which is driving the market.

Oil/Gas monitoring is the largest segment for services in the global Transformer Monitoring System Market 

Oil/Gas monitoring, also known as Dissolved Gas Analysis (DGA), is the most common monitoring services for transformers, and has the largest share in the Transformer Monitoring System Market. Other key services in the market include bushing monitoring and partial discharge monitoring, which are expected to have high-growth opportunities during the forecast period. Partial discharge analysis offers predictive maintenance instead of reactive maintenance before the actual fault occurs, leading to lesser downtime.

Make an Enquiry:  http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=197443553

Asia-Pacific: The leading market for transformer monitoring system 

In this report, the Transformer Monitoring System 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 be the largest market for transformer monitoring solutions; the region has the most number of developing economies with high capacity addition planned during the forecast period. Utilities are expected to adopt monitoring solutions as part of their plans for installing new transformers. Moreover, countries such as India and China have invested heavily in smart grids, in turn boosting the demand for transformer monitoring solutions.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Transformer Monitoring System Market. These players include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Schneider Electric (France), and Siemens AG (Germany). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

Browse Related Reports: 

Distribution Transformer Market by Mounting (Pole, Pad, and Underground), Insulation (Dry and Oil Filled), Phase (Single and Three), Power (Up to 0.5 MVA, 0.5 MVA-2.5 MVA, 2.5 MVA-10 MVA, Above 10 MVA), and Region - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/distribution-transformer-market-85091015.html

Pad-mounted Transformer Market by End User (Industrial, Commercial, and Residential), by Phase (Single and Three), by Rated Power (<1 MVA and >1 MVA), by Insulation Type (Dry-type and Liquid-Immersed) & by Region - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/pad-mounted-transformer-market-256515115.html

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

SOURCE MarketsandMarkets