Global Transformer Monitoring System Market Size & Outlook

The transformer monitoring system industry worldwide is expected to reach a projected revenue of US$ 4,529.1 million by 2030. A compound annual growth rate of 9% is expected of the worldwide transformer monitoring system industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,480.7
Forecast, 2030 (US$M)
$4,529.1
CAGR, 2024 - 2030
9%
Report Coverage
Worldwide

Global transformer monitoring system market, 2018-2030 (US$M)

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

Global transformer monitoring system market highlights

  • The global transformer monitoring system market generated a revenue of USD 2,480.7 million in 2023 and is expected to reach USD 4,529.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 9% by 2030.
  • In terms of segment, hardware solutions accounted for a revenue of USD 2,480.7 million in 2023.
  • Hardware Solutions is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 2,480.7 million
Market revenue in 2030USD 4,529.1 million
Growth rate9% (CAGR from 2024 to 2030)
Largest segmentHardware solutions
Fastest growing segmentHardware Solutions
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware Solutions

Other key industry trends

  • In terms of revenue, the North America accounted for 23.3% of the global transformer monitoring system market in 2023.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Transformer Monitoring System Market Scope

Transformer monitoring system market segmentation & scope
Hardware Solutions
Software Solutions
Type
Oil-immersed
Cast-resin
Other Type
Service
Oil Monitoring
Bushing Monitoring
Partial discharge Monitoring
OLTC Monitoring
Other Services
Voltage
Low voltage
Medium voltage
High & Extra High voltage
Application
Distribution Transformers
Power Transformers
Other Application
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Russia
China
India
Japan
Australia
Brazil
Argentina
South Africa
Saudi Arabia
UAE

Transformer Monitoring System Market Companies

Name Profile # Employees HQ Website

Global transformer monitoring system market size, by regions, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more