Product Code: GVR-4-68040-371-3
Market Size & Trends
The global transformer monitoring system market size was estimated at USD 2.48 billion in 2023 and expected to grow at a CAGR of 9.1% from 2024 to 2030. The growing demand for reliable and efficient power distribution is a major driver of the market. Transformers are critical assets in the power grid, and unexpected transformer failures can be costly, both in terms of property damage and unplanned outages. Transformer monitoring solutions play a crucial role in reducing the risk of such failures by providing real-time insights into the health and performance of transformers. The increasing adoption of smart grid technologies, which rely on advanced monitoring and control systems, is another key driver.
As renewable energy sources become more prevalent, the need for accurate demand forecasting and proactive maintenance of transformers becomes even more important. Additionally, stringent regulations and safety standards are pushing utilities and industrial facilities to invest in transformer monitoring solutions that can detect issues early and prevent catastrophic failures. The availability of cost-effective, IoT-enabled monitoring technologies has further accelerated the growth of this market, as companies seek to optimize their transformer asset management and improve overall grid reliability and efficiency.
Global Transformer Monitoring System Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented global transformer monitoring systems market report based on component, type, services, voltage, application, and region:
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware Solutions
- Software Solutions
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Oil-immersed
- Cast-resin
- Others
- Services Outlook (Revenue, USD Million, 2018 - 2030)
- Oil Monitoring
- Bushing Monitoring
- Partial Discharge Monitoring
- OLTC Monitoring
- Others
- Voltage Outlook (Revenue, USD Million, 2018 - 2030)
- Low Voltage
- Medium Voltage
- High & Extra High voltage
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Distribution Transformers
- Power Transformers
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
Italy
Spain
France
Russia
China
India
Japan
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Transformer Monitoring Systems Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Price Trend Analysis, 2018 to 2030 (USD/Unit)
- 3.4.1. Key Factors Influencing Pricing
- 3.5. Regulatory Framework
- 3.5.1. Standards & Compliances
- 3.5.2. Regulatory Impact Analysis
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Challenges Analysis
- 3.6.4. Market Opportunity Analysis
- 3.7. Business Environment Analysis
- 3.7.1. Industry analysis - Porter's Five Forces analysis
- 3.7.2. Industry analysis - PESTLE analysis
Chapter 4. Transformer Monitoring Systems Market: Voltage estimates & trend analysis
- 4.1. Movement analysis & market share, 2023 & 2030
- 4.2. Low Voltage
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Medium Voltage
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. High and Extra High Voltage
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Transformer Monitoring Systems Market: Services Estimates & Trend Analysis
- 5.1. Services Movement Analysis & Market Share, 2023 & 2030
- 5.2. Oil Monitoring
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Bushing Monitoring
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Partial Discharge Monitoring
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Overload Tap Changer Monitoring
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6. Other Services
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Transformer Monitoring Systems Market: Component Estimates & Trend Analysis
- 6.1. Component Movement Analysis & Market Share, 2023 & 2030
- 6.2. Hardware Solutions
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Software Solutions
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Transformer Monitoring Systems Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2023 & 2030
- 7.2. Power Transformers
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3. Distributing Transformers
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4. Other Applications
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Transformer Monitoring Systems Market: Type Estimates & Trend Analysis
- 8.1. Application Movement Analysis & Market Share, 2023 & 2030
- 8.2. Oil Immersed
- 8.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3. Cast Resin
- 8.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4. Other Types
- 8.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. Transformer Monitoring Systems Market: Regional Estimates & Trend Analysis
- 9.1. Key Takeaways
- 9.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 9.3. North America
- 9.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.3.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.3.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.3.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.3.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.3.7. U.S.
- 9.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.7.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.3.7.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.3.7.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.3.7.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.3.7.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.3.8. Canada
- 9.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.8.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.3.8.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.3.8.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.3.8.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.3.8.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.3.9. Mexico
- 9.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.3.9.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.3.9.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.3.9.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.3.9.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.3.9.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.4. Europe
- 9.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.4.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.4.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.4.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.4.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.4.7. Germany
- 9.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.7.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.4.7.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.4.7.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.4.7.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.4.7.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.4.8. U.K.
- 9.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.8.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.4.8.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.4.8.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.4.8.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.4.8.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.4.9. France
- 9.4.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.9.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.4.9.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.4.9.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.4.9.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.4.9.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.4.10. Italy
- 9.4.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.10.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.4.10.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.4.10.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.4.10.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.4.10.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.4.11. Spain
- 9.4.11.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.11.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.4.11.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.4.11.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.4.11.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.4.11.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.4.12. Russia
- 9.4.12.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.4.12.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.4.12.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.4.12.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.4.12.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.4.12.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.5. Asia Pacific
- 9.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.5.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.5.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.5.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.5.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.5.7. China
- 9.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.7.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.5.7.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.5.7.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.5.7.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.5.7.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.5.8. India
- 9.5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.8.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.5.8.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.5.8.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.5.8.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.5.8.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.5.9. Japan
- 9.5.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.9.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.5.9.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.5.9.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.5.9.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.5.9.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.5.10. Australia
- 9.5.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5.10.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.5.10.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.5.10.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.5.10.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.5.10.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.6. Central & South America
- 9.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.6.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.6.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.6.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.6.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.6.7. Brazil
- 9.6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.7.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.6.7.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.6.7.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.6.7.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.6.7.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.6.8. Argentina
- 9.6.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.6.8.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.6.8.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.6.8.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.6.8.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.6.8.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.7. Middle East & Africa
- 9.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.7.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.7.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.7.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.7.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.7.7. Saudi Arabia
- 9.7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.7.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.7.7.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.7.7.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.7.7.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.7.7.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.7.8. South Africa
- 9.7.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.8.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.7.8.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.7.8.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.7.8.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.7.8.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 9.7.9. UAE
- 9.7.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.7.9.2. Market estimates and forecasts, by Voltage, 2018 - 2030 (USD Million)
- 9.7.9.3. Market estimates and forecasts, by Services, 2018 - 2030 (USD Million)
- 9.7.9.4. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 9.7.9.5. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 9.7.9.6. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Key Players & Recent Developments & Their Impact on the Industry
- 10.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 10.3. List of key Component Suppliers and Channel Partners
- 10.4. Company Market Share & Position Analysis, 2023
- 10.5. Company Heat Map Analysis
- 10.6. Competitive Dashboard Analysis
- 10.7. Strategy Mapping
- 10.7.1. Expansion
- 10.7.2. Collaboration/ Partnerships/ Agreements
- 10.7.3. New Application launches
- 10.7.4. Mergers & Acquisitions
- 10.7.5. Research & Development
- 10.7.6. Others
- 10.8. Company Listing / Profiles
- 10.8.1. GE
- 10.8.1.1. Company Overview
- 10.8.1.2. Financial Performance
- 10.8.1.3. Product Benchmarking
- 10.8.2. ABB
- 10.8.3. Siemens Energy AG
- 10.8.4. Schneider Electric
- 10.8.5. Eaton
- 10.8.6. Mistras Group
- 10.8.7. Mitsubishi Electrical Corporation
- 10.8.8. Hitachi Energy Ltd
- 10.8.9. KJ Dynatech Inc
- 10.8.10. Maschinenfabrik Reinhausen GmbH