North America 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

TIPRE00012223 | Pages: 84 | Electronics and Semiconductor | Jul 2020 | Type: Regional | Status: Published

The transformer monitoring system market in North America is expected to grow from US$ 374.5 million in 2019 to US$ 530.4 million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027.

North America includes developed economies such as the US and Canada, with developing economies such as Mexico. Technological developments, and wide acceptance toward the same, make North America a highly competitive market. As an integral component of smart grid, smart transformers work independently to regulate voltage and maintain contact with the smart grid to enable remote administration if necessary. They provide information and feedback on the power supply and the transformer. Grid control is becoming a prime focus among operators in North American countries due to growing energy requirements and reduced renewable energy utilization. As a result, several regional utilities are focusing on integrating, modernizing, and safeguarding their grid control systems; whereas, upgrading these systems requires advanced technologies and more effective connectivity, which in turn subjects the grid infrastructure to cyber-attack risks. Therefore, operators need to monitor threats in real time, analyze potential risks, and execute defenses to ensure operational stability. General Electric and CGI, signed a Strategic Alliance Agreement in 2019 to pursue joint development and implementation opportunities for North America's electric grid software. This collaboration is further likely to bridge operational technology (OT) and information technology (IT) in utilities. Such developments are contributing to the growth of the transformer monitoring system market in North America.

With the introduction of new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the transformer monitoring system market, and is expected to grow at a good CAGR during the forecast period.


North America Transformer Monitoring System Market Segmentation

North America Transformer Monitoring System Market, by Component

  •  Hardware
  •  IT Solutions

North America Transformer Monitoring System Market, by Service

  •  Bushing Monitoring
  •  Oil/Gas Monitoring
  •  Others

North America Transformer Monitoring System Market, by Application

  •  Distribution Transformers
  •  Power Transformers
  •  Others

North America Transformer Monitoring System Market, by Country

  •  US
  •  Canada
  •  Mexico

North America Transformer Monitoring System Market - Companies Mentioned

  •  ABB Ltd.
  •  Eaton Corporation plc
  •  Honeywell International Inc.
  •  Schneider Electric SE
  •  Siemens AG
  •  Schweitzer Engineering Laboratories, Inc.
  •  Kirloskar Electric Company
  •  Wilson Transformer Company
  •  Mitsubishi Electric Corporation
  •  Dynamic Ratings

TABLE OF CONTENTS


1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Transformer Monitoring System Market - By Component
1.3.2 North America Transformer Monitoring System Market - By Service
1.3.3 North America Transformer Monitoring System Market - By Application
1.3.4 North America 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 North America
4.3 Ecosystem Analysis
5. Transformer Monitoring System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Initiatives Toward Smart Grids
5.1.2 Increasing Smart City Projects
5.2 Market Restraints
5.2.1 High Initial Cost
5.3 Market Opportunities
5.3.1 Offshore Wind Farms
5.4 Future Trends
5.4.1 Emergence of IoT & Big Data Analytics
5.5 Impact Analysis of Drivers and Restraints
6. Transformer Monitoring System Market- North America Analysis
6.1 North America: Transformer Monitoring System Market
6.1.1 North America: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
7. Transformer Monitoring System Market Analysis - By Component
7.1 Overview
7.2 North America: 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 North America: 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 North America: 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 - North America Analysis
10.1 North America: Transformer Monitoring System Market
10.1.1 North America: Transformer Monitoring System Market, by Key Country
10.1.1.1 US: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Transformer Monitoring System Market, by Component
10.1.1.1.2 US: Transformer Monitoring System Market, by Service
10.1.1.1.3 US: Transformer Monitoring System Market, by Application
10.1.1.2 Canada: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Transformer Monitoring System Market, by Component
10.1.1.2.2 Canada: Transformer Monitoring System Market, by Service
10.1.1.2.3 Canada: Transformer Monitoring System Market, by Application
10.1.1.3 Mexico: Transformer Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Transformer Monitoring System Market, by Component
10.1.1.3.2 Mexico: Transformer Monitoring System Market, by Service
10.1.1.3.3 Mexico: Transformer Monitoring System Market, by Application
11. Impact of COVID-19 Pandemic on Transformer Monitoring System Market
11.1 North America: 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 WILSON TRANSFORMER COMPANY
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 Mitsubishi Electric Corporation
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 Dynamic Ratings
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
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms

The List of Companies - North America 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. Wilson Transformer Company
9. Mitsubishi Electric Corporation
10. Dynamic Ratings
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America transformer 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 North America transformer 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 North America market 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


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