The global transformer monitoring system market consists of various global, regional, and local service providers who are continuously evolving to enhance their market positions. The increasing demand for transformer monitoring system products is the key factor that aids market growth. The transformer monitoring system manufacturers need to provide products as per industry and customer needs while offering advanced technologies to maintain their market positions and gain a competitive advantage. Vendors in the global transformer monitoring system market are focusing on improving their technologies and upgrading products as well as expanding into the underdeveloped and developing economies. During the study, Wantstats has analyzed some of the major players in the global transformer monitoring system market who have contributed to the market growth include General Electric, ABB Ltd., Siemens, Mitsubishi Electric, Honeywell International, Inc., Advanced Power Technologies, KJ Dynatech, Hiotron, S&C Electric Company, Qualitrol Company LLC, Wilson Transformer Company, Schneider Electric, and others.
Among these, General Electric, Siemens, Mitsubishi Electric, Schneider Electric, Eaton are among the top 5 players in the global transformer monitoring system market. These players are focusing on expanding and enhancing their product portfolios and services to remain competitive in the market and increase their customer base. Also, these players are focusing on partnerships & collaborations to expand their business and customer base that leads to enhance their market positions.
Siemens is an industrial conglomerate that operates in automation, electrification, and digitalization fields, globally. It offers a wide range of products for applications in utilities, independent power producers, industries, and engineering, procurement & construction (EPC). The company offers various products, services, and software associated with the market which includes SITRAM TDCM System, SITRAM Multisense 5, SITRAM H2Guard, preventive maintenance services, repair services, and other.
Schneider Electric is a leading company that is engaged in providing solutions for digital transformation in energy automation and management in data centers, homes, buildings, and any other infrastructure. It is a complete power and automation solution provider for applications such as oil and gas, mining, minerals & metals, water and wastewater, cloud and service providers, healthcare, residential & small business, and building automation & control. It provides a wide range of products, such as low voltage products & systems. The company offers various monitoring and control devices and systems which include Sepam series 60, Sepam series 80, MiCOM P63x, and others.
Mitsubishi Electric Corporation is a leading manufacturer and seller of electric and electronic equipment that have applications in energy & electric systems, industrial automation, information & communication systems, electronic devices, and home appliances. It also engaged in the business of developing, manufacturing, distributing, and selling power and electronic equipment. The company offers a variety of products which includes protection relays, substation automation system, autotransformer, and distribution automation systems.
General Electric Company is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control, and utilization of electricity. The company offers aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content, and industrial products. GE operates through two major segments—industrial and capital. The company aims for product launch and global expansion through partnership and collaboration.
Thus, to expand their presence the companies are using both organic and inorganic strategies to overcome their limits which results in the development of new and advanced products. Furthermore, companies have collaborated and partnered with local and regional vendors as a part of their market penetration strategies, thereby generating high values in the transformer monitoring system market
Date
Company Name
Development
October 2019
Advanced Energy Industries, Inc.
Advanced Energy Industries, Inc. launched AE’s PowerInsight which is a big data analytics-enabled software solution for critical power delivery systems.
July 2018
GE
GE announced the launch of the first leg of the mega grid-stabilization Wide Area Monitoring System (WAMS) solution to Power Grid Corporation of India Ltd (PGCIL) for the Northern Grid (NR) in India. This project is the unified real-time dynamic state measurement (URTDSM) that entails monitoring and controlling the electricity supply across the country.
April 2018
Siemens
The company launched ITRAM TDCM, an online transformer diagnostic, and condition monitoring system which was developed to provide reliable early fault diagnostic allowing the user to take measures before the failure.
June 2016
GE
GE announced a new addition to its comprehensive portfolio of transformer monitoring & diagnostics solutions i.e. Intellix BMT 330 Bushing Monitoring & Partial Discharge detection system. It uses to continuously monitor the condition of transformer bushings and detects developing partial discharge (PD) activity in the transformer main tank on a single-phase or three-phase substation transformers.
April 2015
Advanced Power Technology
Advanced Power Technology received a patent for its transformer’s core saturation detection method. This method, during a major geomagnetic disturbance or electromagnetic pulse event, ensures the transformers are monitored and kept safe.
March 2015
ABB
ABB launched Transformer Intelligence, an innovative sensor-based monitoring solution for transformer assets in Houston, Texas. The system keeps a close watch on a transformer’s mission-critical functions and performs a complete evaluation of its operating conditions.
Date
Company Name
Development
September 2018
Advanced Energy Industries, Inc.
Advanced Energy Industries, Inc. acquired LumaSense Technologies, Inc., a leading provider of innovative temperature and gas sensing devices.
Date
Company Name
Development
November 2019
Schneider Electric
Schneider Electric launched its first smart distribution center in India. This was introduced in the country to provide end-to-end efficiency in industrial processes and sustainability in the logistics and warehousing environment while using the transformer monitoring systems for saving the energy and avoid system failure.
October 2017
GE
GE started using its Predix-based Asset Performance Management (APM) software at its power monitoring & diagnostics center in Atlanta. This APM solution helps prevent power outages by increasing the reliability of the thousands of turbines and generators monitored by the center.
Date
Company Name
Development
December 2018
Schneider Electric
Schneider Electric partnered with InnoEnergy for the development of PowerTag wireless energy monitoring sensors that are developed for providing real-time data associated with the energy, currents, power, voltage, and others.
October 2018
Mitsubishi Electric Asia
Mitsubishi Electric Asia (Thailand) Co., Ltd. A subsidiary of Mitsubishi Electric Corporation partnered with Electric Power Generation Enterprise (EPGE) to provide 46 gas-insulated switchgear (GIS), 7 transformers and other equipment for its substations scheduled to commence operation in 2021.
