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)
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 2023 | USD 246.3 million |
| Market revenue in 2030 | USD 452.9 million |
| Growth rate | 9.1% (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 |
| Key market players worldwide | GE 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
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 |
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