DUBLIN, Apr. 24, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/8p8dvj/global) has announced the addition of the "Global Transformer Monitoring Solutions Market 2014-2018" report to their offering.
The analysts forecast the Global Transformer Monitoring Solutions market to grow at a CAGR of 45.40 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for electricity across the globe. The Global Transformer Monitoring Solutions market has also been witnessing the development of smart transformer monitoring systems. However, the high price of transformer monitoring systems could pose a challenge to the growth of this market.
The report, the Global Transformers Monitoring Solutions Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Transformer Monitoring Solutions market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
According to the report, 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.
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 Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Application
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- ABB Ltd.
- Alstom SA
- GE Co.
- Schneider Electric SA
- Siemens AG.
For more information visit http://www.researchandmarkets.com/research/8p8dvj/global
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SOURCE Research and Markets