Asia Pacific Transformer Monitoring System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Hardware, IT Solutions), Service (Bushing Monitoring, Oil/Gas Monitoring, Others), Application (Distribution Transformers, Power Transformers, Others), and Country
Market Introduction
A transformer monitoring system comprises sensors to software that assist customers in improving transmission, distribution, and substation system reliability, leading to an increase in maintenance savings and reduction in outages. The system consists of innovative sensors, monitors, and controls for data collection, analysis, and diagnostics. With the use of asset management tools, customers have realized the benefits of online transformer monitoring. Further, rising focus on renewable electric power generation, deployment of smart grids and smart transformers, and replacement of old power transformers are a few factors propelling the growth of the transformer monitoring system market.
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Market Overview and Dynamics
The AsiaPacifictransformer monitoring system market is expected to reach US$746.4 millionby 2027 from US$444.8 million in 2019, ata CAGR of 6.8% from 2020 to 2027.Municipal, state, and national authorities are implementing smart city programs to promote technological innovation and systemic IoT applications. Thus, the rising digitalization augments the growth of the transformer monitoring system market.Moreover, rising demand for uninterrupted electric supply and growing focus on using non-conventional energy sources would act as an opportunity for the players in the transformer monitoring system market, as these systems have the competence of monitoring the transformer’s voltage, current, and temperature to ensure regular uninterrupted electric supply.
Key Market Segments
In terms of component, the IT solutions segment accounted for the larger share of the AsiaPacifictransformer monitoring system market in 2019. In terms of service, the bushing monitoring segment held a larger market share of the transformer monitoring system market in 2019. In terms of application, the power transformers segment held a larger share of the market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the AsiaPacifictransformer monitoring system market are company websites, annual reports, financial reports, national government documents, statistical database, and among others. 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, and Dynamic Ratings are some of the major companies listed in the report.
- To understand the AsiaPacific transformer monitoring system marketlandscape and identifymarket segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for AsiaPacific transformer monitoring system market
- Efficiently plan M&A and partnership dealsin transformer monitoring system market by identifying market segments with the most promising probable sales
- Helps to takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form AsiaPacific transformer monitoring system market
- Obtain market revenue forecast for market by various segments from 2020 to 2027 inAsiaPacific region
ASIAPACIFIC TRANSFORMER MONITORING SYSTEM MARKET SEGMENTATION
By Component
- Hardware
- IT Solutions
By Service
- Bushing Monitoring
- Oil/Gas Monitoring
- Others
By Application
- Distribution Transformers
- Power Transformers
- Others
By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Company Profiles
- 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
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners 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 The Insight Partners
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
LIST OF FIGURES
Figure 1. Transformer Monitoring System Market Segmentation
Figure 2. Transformer Monitoring System Market Segmentation – BY Country
Figure 3. Asia-Pacific Transformer Monitoring System Market Overview
Figure 4. IT Solutions to Dominate the Market by Component
Figure 5. Bushing Monitoring Service to Witness Highest Growth During Forecast Period
Figure 6. Power Transformer to Hold Largest Share During Forecast Period
Figure 7. Asia-Pacific- PEST Analysis
Figure 8. Transformer Monitoring System Market Ecosystem Analysis
Figure 9. Transformer Monitoring System Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. APAC: Transformer Monitoring System Market Revenue Share, by Component (2019 and 2027)
Figure 12. Hardware: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. IT Solutions: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. APAC: Transformer Monitoring System Market Revenue Share, by Service (2019 and 2027)
Figure 15. Bushing Monitoring: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Oil/Gas Monitoring: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Others: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. APAC: Transformer Monitoring System Market Revenue Share, by Application (2018 and 2027)
Figure 19. Distribution Transformers: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Power Transformers: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Others: Transformer Monitoring System Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. APAC: Transformer Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. China: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Japan: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. India: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Australia: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Korea: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: Transformer Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Market in Asia Pacific Countries
The List of Companies - Asia Pacific Transformer Monitoring System Market
- 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacifictransformer monitoring system market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacifictransformer monitoring system market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia-Pacificmarket trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.