Transformer Monitoring System Market Analysis 2020 Trends, Business Opportunities and Strategic Assessment till 2025
The global transformer monitoring system market has been segmented based on types, service, application, and region.
(firmenpresse) - The growth of the global transformer monitoring system market is attributed to factors such as the digitalization of power utilities and the rapidly increasing demand of smart grid initiatives. The market is expected to grow further during the forecast period with the increase in use in offshore wind farms and the growth in big data analytics. The rise in power cuts is also creating a demand for transformer monitoring systems. The market is also expected to grow due to increased demand from the manufacturing sector for continuous power supply and better monitoring of transformers for ensuring timely and better production in the manufacturing plants. The growth of the market is restrained by the low awareness among users of transformers and the high installation costs.
Get Free Sample Copy (at) https://www.marketresearchfuture.com/sample_request/2311
Industry Segmentation
The report has been analyzed based on the types, services, applications and regions. Among applications, the distribution transformers segment is expected to grow rapidly. Both power and distribution transformers, form a fundamental part of the electric power transmission and distribution infrastructure. The number of distribution transformers is more than that of power transformers in any network. Therefore, increase in the construction of new power transmission and distribution infrastructures is expected to result in an increased demand for distribution transformers.
Asia Pacific accounts for the highest market share
Asia-pacific region is expected to grow rapidly in the transformer monitoring system market analysis owing to heavy investments into smart grids by developing nations such as India and China. Electrification of railways in the region is also expected to drive the transformer monitoring system market in the region. The growth of Europe region is expected to be driven by the rapid growth in the use of transformer monitoring for industrial process. The increase in demand of transformer monitoring systems by the ongoing large-scale construction projects is further expected to drive the growth of the market in the region.
Key Players
The key players of Global Transformer monitoring system market are ABB automation company (Switzerland,), General Electric Company (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Advanced Power AG (Switzerland), BPL Global LLC (U.S.), Crompton Greaves Ltd. (India), Dynamic Ratings (U.S.), Eaton Corporation Plc. (Republic of Ireland), Echelon Corporation (U.S.), Elster Group SE (Germany), Hyosung Corporation (South Korea) and others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales(at)marketresearchfuture.com
Unternehmensinformation / Kurzprofil:
Datum: 13.05.2020 - 14:35 Uhr
Sprache: Deutsch
News-ID 612364
Anzahl Zeichen: 3312
contact information:
Contact person: Avni
Town:
Pune
Kategorie:
Energy & Utilities
Typ of Press Release: please
type of sending: don't
Diese Pressemitteilung wurde bisher 360 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Transformer Monitoring System Market Analysis 2020 Trends, Business Opportunities and Strategic Assessment till 2025"
steht unter der journalistisch-redaktionellen Verantwortung von
Market Research Future (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
