Albany, NY -- (SBWIRE) -- 01/25/2017 -- Transformer monitoring solutions play a significant role in monitoring and diagnosing transformer's health. Monitoring solutions help power utilities and end-users in the timely detection and identification of problems in transformers. This helps in reducing repairing costs. Transformer monitoring solutions integrate sensors, data management, and analysis with software applications. A monitoring solution collects data from the sensors and converts them into useable data. These monitoring solutions are mainly used by the power utility sector.

Technavios analysts forecast the global transformer monitoring solutions market to grow at a CAGR of 36% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global transformer monitoring solutions market for 2016-2020.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Transformer Monitoring Solutions Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
GE
Schneider Electric
Siemens

Other prominent vendors
Advanced Power
BPL Global
Crompton Greaves
Dynamic Ratings
Eaton
Echelon
Elster Group
Hyosung Power & Industrial Systems
Hyundai Heavy Industries
Mitsubishi Electric
Tebian Electric Apparatus
XD Group

Market driver
Increased demand for electricity from emerging countries
For a full, detailed list, view our report

Market challenge
Lack of awareness about transformer monitoring solutions
For a full, detailed list, view our report

Market trend
Introduction of automated high voltage transformer monitoring solution
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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