Transformer Monitoring Market worth $3.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

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Asia Pacific is expected to be the largest region in the Transformer Monitoring Industry

Due to growing industrialization, urbanization, and rising energy demand in countries such as China and India, Asia Pacific dominates the transformers monitoring market. Increased investments in power infrastructure, grid expansion projects, and an emphasis on energy efficiency all contribute to the region's large market share. Furthermore, rigorous regulations and a growing awareness of the need for reliable power distribution fuel the Asia Pacific region's use of transformer monitoring solutions.

Key Players

Some of the major players in the Transformer Monitoring Companies are GE (US), ABB (Switzerland), Siemens Energy AG (Germany), Schneider Electric (France), and Eaton (Ireland). The major strategies adopted by these players include sales contracts and agreements.

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Recent Developments

In October 2023, Eaton invested USD 85 million to increase the manufacturing of utility solutions to advance energy transitions and electrifications. These investments in regional manufacturing increases the supplies for transformers, regulators, switchgears, and their utility equipment. These investments would help the manufacturers to integrate condition monitoring in their transformers.In September 2023, Schneider Electric has invested USD 300 million to establish an electrical equipment manufacturing plant in El Paso, Texas, US. This expansion will help Schneider Electric to manufacture monitoring devices for transformers and other electrical appliances.In October 2022, Schneider Electric had offered a solution that extends transformer lifetime. By incorporating digital transformation through the implementation of IoT sensors and expert analysis, Schneider Electric monitor's transformer insulation health. The EcoStruxture Transformer Expert is an affordable and accurate transformer monitoring, also has the ability to offer automated insights.

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