TechNavio recognizes the following companies as the key players in the Transformer Monitoring Market in the US: ABB Ltd., Alstom SA, GE Co., and Schneider Electric SA.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The deployment of smart transformer monitoring systems is one of the emerging trends in the Transformer Monitoring market in the US. Several market vendors are in the process of developing advanced transformers with increased functionalities and reduced losses in order to sustain their position in the competitive business environment. The vendors are also increasingly focusing on the deployment of smart transformer monitoring systems while manufacturing the new transformers. These monitoring systems help to increase the overall health of transformers by providing condition monitoring. This new generation monitoring system includes DGA, a built-in simulator, and expert system software. Therefore, the development of next-generation transformers acts as one of the major trends in the market and is expected to drive the growth of the market during the forecast period.”
According to the report, the increasing demand for monitoring systems in secondary transformers is one of the major drivers in the Transformer Monitoring market in the US.
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 amount of money, which makes end-users reluctant to adopt monitoring systems.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Siemens AG, S and C Electric Co., BPL Global Ltd., and Doble Engineering Company Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/transformer-monitoring-market-us-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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