Addition of ‘Global Transformer Monitoring Solutions Market 2014-2018’ announced
Ireland, Dublin: Research and Markets 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.
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Ireland, Dublin: Research and Markets 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.
According to the report the global transformer monitoring solutions market will grow at a CAGR of 45 % to 2018, reports Business Wire.
The main driver is the increasing need for a continuous power supply leading to the construction of a large number of power stations and the installation of step up and step down power transformers, which need continuous monitoring to detect and identify any system failure.
To compete in the overall market, vendors are developing new and advanced monitoring systems, including a DGA, a built-in simulator, and expert system software, which enable the monitoring process to be carried out more effectively and efficiently.
The report also claims one of the biggest challenges in the market is the high price of transformer monitoring systems. The installation of those systems requires a substantial investment, which makes end-users reluctant to adopt monitoring systems.
Key players mentioned are ABB, Alstom, GE, Schneider Electric and Siemens.
Source: Business Wire
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