Executive Summary
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Power transformer remote monitoring and diagnostic market.
The Global Power Transformer Remote Monitoring & Diagnostic Market has been analysed By Type (Hardware Solutions, Software Solutions), By Service (Oil & Gas Monitoring, Bushing Monitoring, Others),
By Region (Americas, Europe, Asia Pacific, Middle East Africa) and By Country (United States, Canada, Mexico, Brazil, Rest of Americas, Germany, France, Italy, United Kingdom, Rest of Europe, China, Japan, India, Rest of APAC, Middle East, Africa) for the historical period of 2014-2018 and the forecast period of 2019-2024.
Share: The
global transformer market is highly lucrative and predicted to witness significant growth at a healthy 6.28% CAGR over the forecast period (2019-2026), reveals the Market Research Future (MRFR) report. A transformer is an electrical machine that is designed for transferring electricity from one specific circuit to another with different voltage levels. There are different forms of transformers that are bifurcated based on a couple of factors such as installation location, winding arrangement, the medium utilized in the core, and the working voltage range.
Fascinating Features that Spur Market Growth As per the Market Research Future report, there are numerous factors that are propelling the transformer market size. These include the rise in centralization and industrialization, a surge in the adoption of new flexible transformers for various industrial uses, a rise in the growth of power generation and transmission technologies and microgrids, growing electricit