Report Description Table of Contents The transformer monitoring system market was worth USD 2.94 billion in 2023 and will be worth USD 5.36 billion by 2030, growing at a CAGR of 7.8% during the forecast period. The Transformer Monitoring System market growth is fueled by the need for optimized supply of electricity and the efforts to avoid transformer failures or to extend their working time. With the growth in the global power consumption, utility companies are embracing the latest monitoring technologies to improve on the power distribution networks. Transformer monitoring systems plays major role in identifying probable failures and avoiding major faults that are expensive in sectors like healthcare, manufacturing, data centers, etc. where continuous power supply is mandatory. For instance, the use of smart grids all around the world has helped to advance the use of transformer monitoring systems which offer real-time information of transformer’s condition as well as the likelihood of a fault. Some of the developments seen in this area are connectivity of IoT to transformer systems to be used in transformer health check from a distance which enhances operational safety and efficiency. In addition, technologies in artificial intelligence are being employed to analyze data obtained from monitoring systems to anticipate and alert transformer failures. The global Transformer Monitoring System market offers considerable prospects due to certain trends, such as the growing global need for strong and efficient power delivery network along with the transition towards smart grids. The global electricity generation is projected to increase by more than 40% and hence, calls for a more efficient transformer monitoring technique to avoid efficiency-related downtimes. Smart transformer monitoring systems living temperature, humidity, and levels of oil that can cut down maintenance expense up to a great extent and maximize the life of transformers. New monitoring platform of Siemens implemented in 2023 includes an application of AI technology to predict transformers’ failures and thus, prevent SDT by utilities. Accompanying technological development, the shift toward renewable energy generating technologies shows a huge opportunity for growth as they integrate smart grid solutions add to energy reliability and efficiency for utilities and industries. Market Segmentation By Type Hardware Software Services By Monitoring Type Dissolved Gas Analysis (DGA) Bushing Monitoring Partial Discharge Monitoring By Voltage Range Low Voltage Medium Voltage High Voltage By Application Power Transformers Distribution Transformers Generator Step-Up Transformers By End-Use Industry Utilities Oil & Gas Mining Manufacturing By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America is the largest market for Transformer Monitoring System due to its advanced power infrastructure and high investment in smart grid technology. The U.S. plans to spend more than $100 billion in grid modernization until 2030; part of the funds will be directed to the improvement of transformer monitoring systems. The stringently implemented power reliability and safety regulations in the region have further encouraged the integrated monitoring solutions. For instance, in 2022, GE developed a set of transformers that will specifically monitor large utility networks and offer real-time data and alert systems for optimum preventive maintenance. Additionally, the shift to more renewable power generation technologies like wind and solar is likely to create more demand for better monitoring schemes, especially in guaranteeing the stability of the grid, thus giving North America a stronghold in this market. Key Players Siemens AG General Electric (GE) Schneider Electric ABB Ltd. Eaton Corporation Mitsubishi Electric Corporation Hitachi Energy Dynamic Ratings Qualitrol Končar Group Frequently Asked Question About This Report . Table of Contents 1. TRANSFORMER MONITORING SYSTEM MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. TRANSFORMER MONITORING SYSTEM MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – TRANSFORMER MONITORING SYSTEM MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type of TRANSFORMER MONITORING SYSTEM and End Use Outlook Analysis 4. HISTORIC TRENDS IN TRANSFORMER MONITORING SYSTEM MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA TRANSFORMER MONITORING SYSTEM MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America TRANSFORMER MONITORING SYSTEM Historical Market ($MILLION), (2017 – 2023) 6.2. North America TRANSFORMER MONITORING SYSTEM Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. Hardware 6.3.2. Software 6.3.3. Services 6.4. North America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Monitoring Type 6.4.1. Dissolved Gas Analysis (DGA) 6.4.2. Bushing Monitoring 6.4.3. Partial Discharge Monitoring 6.5. North America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Range 6.5.1. Low Voltage 6.5.2. Medium Voltage 6.5.3. High Voltage 6.6. North America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.6.1. Utilities 6.6.2. Oil & Gas 6.6.3. Mining 6.6.4. Manufacturing 6.7. North America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.7.1. Power Transformers 6.7.2. Distribution Transformers 6.7.3. Generator Step-Up Transformers 6.8. North America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.8.1. USA 6.8.2. Canada 6.8.3. Rest of North America 7. USA TRANSFORMER MONITORING SYSTEM MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE TRANSFORMER MONITORING SYSTEM MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe TRANSFORMER MONITORING SYSTEM Historical Market ($MILLION), (2017 – 2023) 8.2. Europe TRANSFORMER MONITORING SYSTEM Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Monitoring Type 8.5. Europe TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Range 8.6. Europe TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.7. Europe TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.8. Europe TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.8.1. Germany 8.8.2. France 8.8.3. UK 8.8.4. Italy 8.8.5. Spain 8.8.6. Rest of Europe 9. APAC TRANSFORMER MONITORING SYSTEM MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC TRANSFORMER MONITORING SYSTEM Historical Market ($MILLION), (2017 – 2023) 9.2. APAC TRANSFORMER MONITORING SYSTEM Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Monitoring Type 9.5. APAC TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Range 9.6. APAC TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-Use Industry 9.7. APAC TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.8. APAC TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.8.1. China 9.8.2. Japan 9.8.3. South Korea 9.8.4. India 9.8.5. Australia 9.8.6. Rest of APAC 10. LATIN AMERICA TRANSFORMER MONITORING SYSTEM MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America TRANSFORMER MONITORING SYSTEM Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America TRANSFORMER MONITORING SYSTEM Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Monitoring Type 10.5. Latin America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Voltage Range 10.6. Latin America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-Use Industry 10.7. Latin America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.8. Latin America TRANSFORMER MONITORING SYSTEM Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.8.1. Brazil 10.8.2. Argentina 10.8.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Siemens AG 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. General Electric (GE) 11.3. Schneider Electric 11.4. ABB Ltd. 11.5. Eaton Corporation 11.6. Mitsubishi Electric Corporation 11.7. Hitachi Energy 11.8. OTHER MARKET PLAYERS