Latin America Transformer Monitoring System Market Size & Outlook

The transformer monitoring system market in Latin America is expected to reach a projected revenue of US$ 452.9 million by 2030. A compound annual growth rate of 9.1% is expected of Latin America transformer monitoring system market from 2024 to 2030.
Revenue, 2023 (US$M)
$246.3
Forecast, 2030 (US$M)
$452.9
CAGR, 2024 - 2030
9.1%
Report Coverage
Latin America

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

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Latin America transformer monitoring system market, 2018-2030 (US$M)
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Latin America transformer monitoring system market highlights

  • The Latin America transformer monitoring system market generated a revenue of USD 246.3 million in 2023.
  • The market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
  • In terms of segment, hardware solutions was the largest revenue generating component in 2023.
  • Hardware Solutions is the most lucrative component segment registering the fastest growth during the forecast period.

Latin America data book summary

Market revenue in 2023USD 246.3 million
Market revenue in 2030USD 452.9 million
Growth rate9.1% (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
Key market players worldwideGE HealthCare Technologies Inc Common Stock, ABB Ltd, Siemens Energy AG ADR, Schneider Electric SE, Eaton Corp PLC, MISTRAS Group Inc, Mitsubishi Electric Corp, Hitachi Energy, Maschinenfabrik HEID

Other key industry trends

  • In terms of revenue, Latin America region accounted for 9.9% of the global transformer monitoring system market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • North America is the fastest growing regional market and is projected to reach USD 1,111.9 million by 2030.

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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

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