A new research report has been released on the global transformer monitoring solutions market by 2020, with the analysis, forecast and strategies.
According to the study, the global transformer monitoring solutions market is expected to grow at a CAGR of 36% during the period 2016-2020, reports SATPRNEWS.
The major market driver identified by the report is the increased demand for electricity from emerging countries, while the challenge is a lack of awareness about transformer monitoring solutions.
A key market trend is the introduction of automated high voltage transformer monitoring solutions.
Some of the main market players mentioned in the report are ABB, GE, Schneider Electric and Siemens.