Global Transformer Monitoring Software Market Insights, Forecast to 2028

A transformer is an electrical equipment that helps in varying the voltage of the electric current. This stepping up and stepping down of the voltage is especially important when a safe amount of electric current is required to be supplied to the end users. In order to ensure continuous and safe transmission of electricity from the power generation plant to the end users, the transformers utilized for this purpose have to be monitored continuously in real time. This is achieved by installing a transformer monitoring system within a transformer housing. Requirement of a transformer monitoring system is especially important when faults and anomalies within the grid or circuit have to be detected before the complete breakdown of the transformer occurs.
Transformer Monitoring Software is used to manage data from your monitors and sensors to ensure the normal operation of the transformer.
Market Analysis and Insights: Global Transformer Monitoring Software Market
The global Transformer Monitoring Software market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, DGA Software accounting for % of the Transformer Monitoring Software global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Power Transformers segment is altered to an % CAGR throughout this forecast period.
China Transformer Monitoring Software market size is valued at US$ million in 2021, while the North America and Europe Transformer Monitoring Software are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Transformer Monitoring Software landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Transformer Monitoring Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Transformer Monitoring Software market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Transformer Monitoring Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Transformer Monitoring Software market.
Global Transformer Monitoring Software Scope and Market Size
Transformer Monitoring Software market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Transformer Monitoring Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
DGA Software
Bushing Monitoring Software
Partial Discharge (PD) Software
Others
Segment by Application
Power Transformers
Distribution Transformers
By Company
GE
ABB
Siemens
Doble Engineering Company
Eaton
Weidmann
Schneider Electric
Mitsubishi
Qualitrol
Koncar
Schweitzer Engineering Laboratories
LGOM
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA