Global Transformer Monitoring System Market Size & Outlook
The global transformer monitoring system market size was estimated at USD 2,480.7 million in 2023 and is projected to reach USD 4,529.1 million by 2030, growing at a CAGR of 9% 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)
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 2023 | USD 2,480.7 million |
| Market revenue in 2030 | USD 4,529.1 million |
| Growth rate | 9% (CAGR from 2024 to 2030) |
| Largest segment | Hardware solutions |
| Fastest growing segment | Hardware Solutions |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware 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.
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Transformer Monitoring System Market Scope
Transformer monitoring system market segmentation & scope
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 |
|---|---|---|---|---|
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | https://www.hitachienergy.com/ |
| Maschinenfabrik HEID | View profile | 1-10 | Stockerau, Niederosterreich, Austria, Europe | http://www.heid.info |
| MISTRAS Group Inc | View profile | 4800 | 195 Clarksville Road, Princeton Junction, NJ, United States, 08550 | https://www.mistrasgroup.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Siemens Energy AG ADR | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
Global transformer monitoring system market size, by regions, 2018-2030 (US$M)
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