DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g5489f/global) has announced the addition of the "Global Transformer Monitoring Solutions Market 2014-2018 with ABB, Alstom, GE., Schneider Electric & Siemens Dominating" report to their offering.
The Global Transformer Monitoring Solutions market to grow at a CAGR of 45% to 2018.
The main driver is the increasing demand for electricity across the globe. The increasing need for a continuous power supply has led to the setting up of a large number of power stations or substations that require the installation of step-up and step-down power transformers, which need continuous monitoring to detect and identify any system failure.
In order to sustain and compete in the overall market, vendors are increasingly developing new and advanced monitoring systems with enhanced functionalities. Such smart monitoring systems include a DGA, a built-in simulator, and expert system software, which enable the monitoring process to be carried out more effectively and efficiently. Therefore, the development of next-generation transformer monitoring systems is expected to drive the growth of the market during the forecast period.
Further, the report states that the high price of transformer monitoring systems is one of the major challenges in the market. The installation of transformer monitoring systems requires a huge investment, which makes end-users reluctant to adopt monitoring systems.
Key vendors dominating this space are:
- ABB Ltd.
- Alstom SA
- GE Co.
- Schneider Electric SA
- Siemens AG.
Other vendors mentioned in the report are:
- Advanced Power Technologies LLC
- BPL Global Ltd.
- Cooper Power Systems Inc.
- Dynamic Ratings Inc
- Eaton Corp.
- Echelon Corp.
- Elster Group SE
- XD Group
- Tebian Electric Apparatus Stock Co
- Hyundai heavy industries Co. Ltd
- Hyosung Power & Industrial Systems Performance Group
- Crompton Greaves Ltd.
- Mitsubishi Electric Corp.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/g5489f/global
