Ireland, Dublin: Research and Markets has announced the addition of the "Global Transformer Monitoring Solutions Market" report to their offering.
According to the new report, the global transformer monitoring solutions market is expected to grow at a CAGR of 36% during the period 2016-2020, reports PR Newswire.
One trend that is expected to boost market growth is the introduction of automated high-voltage transformer monitoring solutions. The report also points to the increased demand for electricity in emerging markets as the key growth driver.
One of the challenges that could hamper market growth is the high price of transformer monitoring systems.
The key market players mentioned in the report include ABB, GE, Schneider Electric, Siemens, Crompton Greaves, Eaton, Hyosung Power & Industrial Systems, Hyundai Heavy Industries, Mitsubishi Electric, Tebian Electric Apparatus, XD Group, among others.
Source: PR Newswire