Reportstack has announced a new market research publication on Global Transformer Monitoring Solutions Market 2014-2018. The following companies are the key players in Global Transformer Monitoring Solutions Market: ABB Ltd., Alstom SA, GE Co., Schneider Electric SA, and Siemens AG.
“In order to sustain and compete in the overall market, vendors are increasingly developing new and advanced monitoring systems with enhanced functionalities. Such smart monitoring systems include a DGA, a built-in simulator, and expert system software, which enable the monitoring process to be carried out more effectively and efficiently. Therefore, the development of next-generation transformer monitoring systems is expected to drive the growth of the market during the forecast period.”
According to the report, the main driver is the increasing demand for electricity across the globe. The increasing need for a continuous power supply has led to the setting up of a large number of power stations or substations that require the installation of step-up and step-down power transformers, which need continuous monitoring to detect and identify any system failure.
Further, the report states that the high price of transformer monitoring systems is one of the major challenges in the market. The installation of transformer monitoring systems requires a huge investment, which makes end-users reluctant to adopt monitoring systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/150212/global-transformer-monitoring-solutions-market-2014-2018.html
“In order to sustain and compete in the overall market, vendors are increasingly developing new and advanced monitoring systems with enhanced functionalities. Such smart monitoring systems include a DGA, a built-in simulator, and expert system software, which enable the monitoring process to be carried out more effectively and efficiently. Therefore, the development of next-generation transformer monitoring systems is expected to drive the growth of the market during the forecast period.”
According to the report, the main driver is the increasing demand for electricity across the globe. The increasing need for a continuous power supply has led to the setting up of a large number of power stations or substations that require the installation of step-up and step-down power transformers, which need continuous monitoring to detect and identify any system failure.
Further, the report states that the high price of transformer monitoring systems is one of the major challenges in the market. The installation of transformer monitoring systems requires a huge investment, which makes end-users reluctant to adopt monitoring systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/150212/global-transformer-monitoring-solutions-market-2014-2018.html
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