Market Size (2018)
2018
—
Energy & Power
Transformer Monitoring Market
By Segment, By Region, And Segment Forecasts, 2018 – 2026
Vertical: EnPBase Year: 201910 Sections
Executive Summary
Transformer Monitoring Market — Snapshot
Projected (2026)
2026
—
CAGR (2018–2026)
N/A
Key Players
113+
The demand for transforming monitoring systems is growing rapidly in the globe owing to various factors, including a rise in power infrastructure and the development of smart grid projects.
The global transformer monitoring system market is projected to register a 11.81% CAGR during the forecast period, 2020–2026. In 2019, the global transformer monitoring system market was dominated by the Asia-Pacific region with a 31.0% share, followed by North America and Europe regions with shares of 25.5% and 21.2%, respectively.
The global transformer monitoring system market has been segmented based on type, service, application, and region. Based on type, the global transformer monitoring system market has been divided into hardware and software. The software segment is expected to grow at a faster rate during the forecast period. In 2019, the hardware segment held a 59.65% share of the global transformer monitoring system market.
Based on service, the global transformer monitoring system market has been segregated into oil and gas monitoring, bushing monitoring, voltage regulation, and others. The oil and gas monitoring segment is expected to grow at a faster rate during the forecast period. In 2019, the oil and gas monitoring segment held a 36.19% share of the global transformer monitoring system market.
Based on application, the global transformer monitoring system market has been segmented into power transformers, distribution transformer, and others. The power transformers segment is expected to grow at a faster rate during the forecast period. In 2019, the power transformers segment held a 50.85% share of the global transformer monitoring system market.
Based on region, the global transformer monitoring system market has been segmented into the Asia-Pacific, North America, Europe, Middle East & Africa, and South America. In 2019, Asia-Pacific held a 31.0% share of the global transformer monitoring system market
Key Insight
Transformer Monitoring Market is a key focus area for market intelligence and strategic research.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: Asia Pacific, South America, Europe, North America, Middle East and Africa.
- Market Segmentation: The market is analyzed across key segments with forecasts from 2018 to 2026.
- Competitive Landscape: 113 leading companies are profiled, covering market positioning, strategies, and recent developments.
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View Subscription PlansMarket Overview
Transformer Monitoring Market — Growth Trajectory
A transformer monitoring system acquires and processes data, related to various parameters of transformers, to predict and prevent the failure of a transformers. Transformer monitoring systems have applications in power transformers and distribution transformers.
Market Share by Application
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View Subscription PlansMarket Dimensions
How this market is segmented
- Type Type is broken down into: Hardware Solutions, Software Solutions.
- Service Service is broken down into: Oil & Gas Monitoring, Bushing Monitoring, Others.
- Application Application is broken down into: Power Transformer, Distribution Transformer, Application_Others.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific is one of the key regions covered in this market analysis.
- South America South America is one of the key regions covered in this market analysis.
- Europe Europe is one of the key regions covered in this market analysis.
- North America North America is one of the key regions covered in this market analysis.
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View Subscription PlansResearch Methodology
Transformer Monitoring Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2019
Historical Period
2018 – 2019
Forecast Period
2019 – 2026
Primary Interviews
150+
Research Process
Historical data (2018–2019) and forecast period (2019–2026)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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Analytics
Transformer Monitoring Market — Key Findings
Analytical insights on Transformer Monitoring Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
Transformer Monitoring Market represents a significant market opportunity with multiple growth drivers across regions and segments.
Market Dynamics
The global transformer monitoring system market is expected to grow substantially during the forecast period. The digitalization of power utilities and the development of smart grid projects are the primary factors driving the growth of the global transformer monitoring system market. Moreover, increasing renewable energy generation sources has fueled market growth. However, the high cost of the transformer monitoring system is expected to restrain market growth.
Market Opportunities
The global electricity demand is expected to grow at a significant rate in the next few years owing to the rise in population, rapid development in urbanization, growing infrastructure activities, and enhanced access to electricity. The conventional energy generation sources such as coal, petrol, and natural gas contribute primarily to carbon emission. As stakeholders in the power generation industry seek opportunities to reduce carbon footprint, they have been focusing on raising the share of renewable energy sources in the total power generation mix, globally. Renewable energy sources, especially solar, wind, hydro, and biomass, are used for electricity generation. The power industry in the US is focusing on increasing the share of renewable energy in the country’s total power generation mix, which would enhance the grid infrastructure development projects, including distributed monitoring & control systems and microgrid technologies. According to the EIA, the share of renewable energy sources was around 16.9% in the country’s total energy sources by the end of 2018. Moreover, it is also predicted that the share of the renewable energy sources of the country is projected to reach nearly 30% out of the country’s total installed capacity by 2050. Similarly, as per the International Energy Agency (IEA), renewable capacity growth for China is forecasted to reach 580 GW from 2019 to 2024. According to the International Renewable Energy Agency (IRENA), Europe could double the renewable share in its energy mix from 17% in the year 2015 to 34% by 2030. This would help the region to reduce carbon emissions further and boost economic growth.
Transformers are critical components in renewable energy production and distribution. These transformers convert the DC power from energy harvesting device to AC power for the use in household, industries, and electrical-grid environments. Transformer monitoring system are used to check and observe the smooth functioning of these transformers. Transformer monitoring systems consist of sensors and monitors used for monitoring, controlling, and data collection for the effective functioning of transformers. Utility companies require transformer monitoring systems for controlling and real-time monitoring of the various components of transformers such as oil level, voltage regulation, and overload capacity. As transformers are the backbone of the power generation and distribution network, the constant monitoring of transformers is essential so that transformers function efficiently. Transformer monitoring systems provide automation to power and distribution transformers, helping utility companies to utilize electricity in an optimum way. Transformers are an essential part of the generation and distribution of electricity from renewable energy sources. Therefore, this would provide an opportunity to the transformer monitoring system market. Moreover, the grid integration of renewable energy sources would require transformer monitoring systems to monitor and regulate the electricity generated from renewable sources. Such factors add to the demand for transformer monitoring systems in the power sector globally. Therefore, the potential for renewable power generation is expected to create an opportunity for the transformer monitoring system market during the forecast period.
Strategic Outlook and Future Directions
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Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Companies
Key companies profiled in Transformer Monitoring Market
Profiles of 113 companies operating in the Transformer Monitoring Market market, including revenue, employee count, and market positioning where available.
Showing 113 of 113 companies
WILSON TRA
WILSON TRANSFORMER COMPANY
Energy & Power
Company Headquarters: Victoria, Australia Founded: 1933 Workforce: ~207 Company Working: Wilson Transformer Company (WTC) is a leading electrical and electronic manufacturing company, holding expertise in the delivery of transformer solutions. The company has two manufacturing facilities situated at Glen Waverley and Wodonga, and administrative offices in New Zealand, UK, US, and Australia. Furthermore, the WTC has joint venture partners in Malaysia as well as Saudi Arabia. The product offering includes development, design, manufacture, factory test, delivery, installation, site testing, maintenance, and refurbishment.
RevenueN/A
Employees207
Market CapN/A
Founded1932
Victoria, Australia
QUALITROL
QUALITROL COMPANY LLC
Energy & Power
Company Headquarters: New York, US Founded: 1945 Workforce: ~ Company Working: Qualitrol Company LLC is a leading electrical and electronic manufacturing company dealing with automated monitoring, protection, and control instrumentation and related solutions in electric generation, transmission, and distribution systems. The company holds expertise in partial discharge monitoring, asset protection equipment, and information products for discharge generation, transmission, and distribution. Qualitrol has operations across the US, Canada, Northern Ireland, UK, and India.
RevenueN/A
EmployeesN/A
Market CapN/A
Founded1944
New York, US
S&C ELECTR
S&C ELECTRIC COMPANY
Energy & Power
Company Headquarters: Illinois, US Founded: 1909 Workforce: ~1,662 Company Working: S&C Electric Company is engaged in the delivery of switching, protection, and control solutions for electric power systems. The company holds expertise in providing smart grid solutions, renewable energy integration, medium- and high-voltage switching and protection, advanced power quality systems, services for electric power systems, energy storage solutions, smart grid communication systems, and distribution automation solutions. It has operations in the US, Canada, United Kingdom, Australia, China, Brazil, and Mexico.
RevenueN/A
Employees1,662
Market CapN/A
Founded1908
Illinois, US
HIOTRON
HIOTRON
Energy & Power
Company Headquarters: Pune, India Founded: 2013 Workforce: ~52 Company Working: Hiotron is a leading provider of end-to-end IoT solutions, products & services. The company is engaged in the production and development of hardware and software solutions with the help of IoT applications. Hiotron serves OEMs as well as system integrators from over 16 industry verticals including smart vending, oil & gas, machine & industrial automation, agriculture, logistics, home automation, fire & safety, and among others. It has over operations in over 32 cities across 5 countries that comprise of China, Saudi Arabia, Russia, Dubai, and Romania.
RevenueN/A
Employees52
Market CapN/A
Founded2012
Pune, India
DYNAMIC RA
DYNAMIC RATINGS
Energy & Power
Company Headquarter: US Founded: 2002 Workforce: ~70 Company Working: Dynamic Ratings provides condition-based monitoring products and services to the utility industry. It is a wholly-owned subsidiary of Wilson Transformer Company. Wilson Transformer Company was founded in 1933 and has multiple transformer manufacturing plants. The product portfolio includes dashboard solutions, substation transformer monitoring, distribution transformer monitoring, partial discharge monitoring, iBridge communication solution, sensors & accessories, DGA monitor comparison, battery monitoring, circuit breaker monitoring, and custom control cabinets. It caters to industries such as power transmission & distribution, power generation, and industrial processing. It also offers dynamic ratings in asset management services. The company has a presence across Europe, the Middle East & Africa, Asia, and the Americas. It operates in the US in three locations, namely, Colorado, Tennessee, and New Hampshire.
RevenueN/A
Employees70
Market CapN/A
Founded2001
United States, North America
KJ DYNATEC
KJ DYNATECH INC.
Energy & Power
Company Headquarter: Founded: 1977 Workforce: ~10 Company Working: KJ Dynatech is the leading company in the measurement industry. It has established as the name of Gumjung Mulsan importing high voltage testing equipment. The product portfolio includes total monitoring system, diagnostic & test equipment, HV devices & sensors, and H2 detectape. The company supplies an on-line monitoring system for rotating machines, oil-filled transformer, cable, dry-type transformer, and distribution panel. Its overall business area consists of an on-line monitoring system, portable diagnostic equipment, generator hydrogen utilities, on/off-line insulation diagnostic service, HV test equipment, and CT sensors.
RevenueN/A
Employees10
Market CapN/A
Founded1976
United States, North America
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Transformer Monitoring Market
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