Future Market Insights has made available a new research report on the global transformer monitoring system market. The report is titled “Transformer Monitoring System Market: Global Industry Analysis and Opportunity Assessment 2016-2026” and offers an assessment of the market with insights, facts, historical data, and statistically supported and industry-validated market data.
The research report provides analysis and information according to categories such as marketsegments, geographies, types and applications.
According to the report, the growth of transformer monitoring system market depends on the growth of power grid network in a given location. Growing energy demands, increase in generation of electrical energy and installation of power transformers have led to a healthy growth of the transformer monitoring systems market.
However, transformer monitoring systems are cost intensive investments that require knowledgeable and qualified personnel to fully understand and operate the system which can come across as a restraint to the growth of the market. Another restraint that can hamper the growth of the transformer monitoring system is the periodical maintenance it require to ensure smooth functioning and accurate detection of problems.
China and India in the Asia Pacific region have registered higher demands in energy requirement making it an attractive prospect for the growth of the market.
Some of the major market participants identified in the report include Siemens, GE, Vitzro C&C, Wilson Transformer, HZ Electric, Schweitzer Engineering Laboratories, Maschinenfabrik Reinhausen, Wicor, Qualitrol, ABB, Camlin Power, MTE Meter Test Equipment, CETT, and ZTZ Services International.
Source: Future Market Insights