The transformer monitoring system marketin AsiaPacificis expected to grow from US$ 444.8 million in 2019 to US$ 746.4 million by 2027; it is estimated to grow at a CAGR of 6.8% from 2020 to 2027.
Electricity consumption in Asian countries has grown at a significant pace due to several factors such as rising population, ongoing urbanization, substantial increase in industrial activities, and surging government investment to modernize electricity transmission. Asia has registered a significant number of installation units for projects tendered by government authorities in 2016. Further, Asia Pacific excluding Japan (APEJ) is expected to show high potential for transformer monitoring systems during the forecast period due to increased government support and improved renewable energy sources in countries, such as China and India.
In terms of application, the power transformers segment led the transformer monitoring system marketin 2019.The monitoring system for power transformers consists of a local transformer controller unit and a server monitoring the transformer. The communication network is built using fiber optic (multimode) connections between switches and media converters, while the connections to the local patch are made using cooper links. There might be multiple transformer controllers in the configuration (more units in one transformer substation location). During the design phase of the monitoring system, the implementation of a dissolved gas sensor with multiple gas measuring capacities was one of the most important requirements. Measurement of numerous dissolved gases in transformer oil is essential for better monitoring, understanding of transformer condition, and better prediction of possible failures during operation. The increasing number of grids and the increased use of renewable sources for generating electricity have seen the transformer monitoring systems being highly utilized for the power segment. Additionally, demand for transformer monitoring has been increased by the strict government regulations for monitoring and controlling the transmission network.
Overall size of the AsiaPacifictransformer monitoring system markethas been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the AsiaPacifictransformer monitoring system marketwith respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the AsiaPacifictransformer monitoring system marketare ABB Ltd., Eaton Corporation plc, Honeywell International Inc., Schneider Electric SE, Siemens AG, Schweitzer Engineering Laboratories, Inc., Kirloskar Electric Company, KJ Dynatech Inc,Wilson Transformer Company, Mitsubishi Electric Corporation, Dynamic Ratings are among a few players operating in the Asia-Pacifictransformer monitoring system market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of The Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Transformer Monitoring System Market - By Component
1.3.2 Asia-Pacific Transformer Monitoring System Market - By Service
1.3.3 Asia-Pacific Transformer Monitoring System Market - By Application
1.3.4 Asia-Pacific Transformer Monitoring System Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Transformer Monitoring System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia-Pacific
4.3 Ecosystem Analysis
5. Transformer Monitoring System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Implementation Smart Transformers
5.1.2 Rising Digitalization of Power Utilities
5.2 Market Restraints
5.2.1 High Initial Cost
5.3 Market Opportunities
5.3.1 Onshore and Offshore Wind Farms
5.4 Future Trends
5.4.1 Growth of Big Data Analytics
5.5 Impact Analysis of Drivers and Restraints
6. Transformer Monitoring System Market- Asia-Pacific Analysis
6.1 APAC: Transformer Monitoring System Market
6.1.1 APAC: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
7. Transformer Monitoring System Market Analysis - By Component
7.1 Overview
7.2 APAC: Transformer Monitoring System Market, by Component
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
7.4 IT Solutions
7.4.1 Overview
7.4.2 IT Solutions: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
8. Transformer Monitoring System Market Analysis - By Service
8.1 Overview
8.2 APAC: Transformer Monitoring System Market, by Service
8.3 Bushing Monitoring
8.3.1 Overview
8.3.2 Bushing Monitoring: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Oil/Gas Monitoring
8.4.1 Overview
8.4.2 Oil/Gas Monitoring: Transformer Monitoring System Market - Revenue, and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Transformer Monitoring System Market - Revenue, and Forecast to 2027 (US$ Million)
9. Transformer Monitoring System Market Analysis - By Application
9.1 Overview
9.2 APAC: Transformer Monitoring System Market, by Application
9.3 Distribution Transformers
9.3.1 Overview
9.3.2 Distribution Transformers: Transformer Monitoring System Market - Revenue, and Forecast to 2027 (US$ Million)
9.4 Power Transformers
9.4.1 Overview
9.4.2 Power Transformers: Transformer Monitoring System Market - Revenue, and Forecast to 2027 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Transformer Monitoring System Market - Revenue, and Forecast to 2027 (US$ Million)
10. Transformer Monitoring System Market - Country Analysis
10.1 APAC: Transformer Monitoring System Market
10.1.1 APAC: Transformer Monitoring System Market, by Key Country
10.1.1.1 China: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 China: Transformer Monitoring System Market, by Component
10.1.1.1.2 China: Transformer Monitoring System Market, by Service
10.1.1.1.3 China: Transformer Monitoring System Market, by Application
10.1.1.2 Japan: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Japan: Transformer Monitoring System Market, by Component
10.1.1.2.2 Japan: Transformer Monitoring System Market, by Service
10.1.1.2.3 Japan: Transformer Monitoring System Market, by Application
10.1.1.3 India: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Transformer Monitoring System Market, by Component
10.1.1.3.2 India: Transformer Monitoring System Market, by Service
10.1.1.3.3 India: Transformer Monitoring System Market, by Application
10.1.1.4 Australia: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Australia: Transformer Monitoring System Market, by Component
10.1.1.4.2 Australia: Transformer Monitoring System Market, by Service
10.1.1.4.3 Australia: Transformer Monitoring System Market, by Application
10.1.1.5 South Korea: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Transformer Monitoring System Market, by Component
10.1.1.5.2 South Korea: Transformer Monitoring System Market, by Service
10.1.1.5.3 South Korea: Transformer Monitoring System Market, by Application
10.1.1.6 Rest of APAC: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Transformer Monitoring System Market, by Component
10.1.1.6.2 Rest of APAC: Transformer Monitoring System Market, by Service
10.1.1.6.3 Rest of APAC: Transformer Monitoring System Market, by Application
11. Impact of COVID-19 Pandemic on Transformer Monitoring System Market
11.1 Asia Pacific: Impact assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profile
13.1 ABB Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Eaton Corporation plc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Honeywell International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Schneider Electric SE
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Siemens AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Schweitzer Engineering Laboratories, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Kirloskar Electric Company
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 KJ Dynatech Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 WILSON TRANSFORMER COMPANY
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Mitsubishi Electric Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Dynamic Ratings
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
14. Appendix
14.1 About
14.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Transformer Monitoring System Market, by Country - Revenue and Forecast to 2027 (USD Million)
Table 2. China: Transformer Monitoring System Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 3. China: Transformer Monitoring System Market, by Service - Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Transformer Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 5. Japan: Transformer Monitoring System Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 6. Japan: Transformer Monitoring System Market, by Service - Revenue and Forecast to 2027 (US$ Million)
Table 7. Japan: Transformer Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 8. India: Transformer Monitoring System Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 9. India: Transformer Monitoring System Market, by Service - Revenue and Forecast to 2027 (US$ Million)
Table 10. India: Transformer Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 11. Australia: Transformer Monitoring System Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 12. Australia: Transformer Monitoring System Market, by Service - Revenue and Forecast to 2027 (US$ Million)
Table 13. Australia: Transformer Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: Transformer Monitoring System Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea: Transformer Monitoring System Market, by Service - Revenue and Forecast to 2027 (US$ Million)
Table 16. South Korea: Transformer Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC: Transformer Monitoring System Market, by Component - Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC: Transformer Monitoring System Market, by Service - Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of APAC: Transformer Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 20. Glossary of Term: Transformer Monitoring System Market
The List of Companies - Asia Pacific Transformer Monitoring System Market
1. ABB Ltd.
2. Eaton Corporation plc
3. Honeywell International Inc.
4. Schneider Electric SE
5. Siemens AG
6. Schweitzer Engineering Laboratories, Inc.
7. Kirloskar Electric Company
8. KJ Dynatech Inc
9. Wilson Transformer Company
10. Mitsubishi Electric Corporation
11. Dynamic Ratings
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