Kenneth Research, in its repository of market research reports, has recently added a report on Power Transformer Remote Monitoring And Diagnostic Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Power Transformer Remote Monitoring And Diagnostic Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Power Transformer Remote Monitoring And Diagnostic Market products.
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A report on Power Transformer Remote Monitoring And Diagnostic Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Power Transformer Remote Monitoring And Diagnostic Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
Kenneth Research has released a report on Power Transformer Remote Monitoring And Diagnostic Market that studies the segments, trends, opportunities, growth drivers and restraints for the market throughout the forecast period, i.e. 2021 2025. The report further contains key matrices and industrial insights that helps decision makers to understand better about the market, including both the current scenario as well as the consequences in the coming years.
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.
Global Power transformer remote monitoring and diagnostic market is expected to grow owing to the increase in the power supply demand, government regulations and initiatives targeting the monitoring and control of the transmission networks. Power generation capacity is rising globally to meet the increasing demand of growing population and emerging industrialization in various parts of the world. This rapid growth in power sector has led to large number of installations of power plants which is propelling the market.
“Global Power Transformer Remote Monitoring and Diagnostic Market: Analysis By Type (Hardware solutions, Software Solutions), By Service (Oil and Gas Monitoring, Bushing Monitoring, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (Americas, Europe, APAC, MEA), By Country (US, Canada, Mexico, Brazil, Rest of Americas, Germany, France, Italy, UK, Rest of Europe, China, Japan, India, Rest of APAC, MEA)”, Global market by value is projected to display growth represented by a CAGR of over 8.83% during 2019 – 2024, primarily driven by growing urbanization and major initiatives taken by the governments in developing countries for the development of power sector.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Leading transformer manufacturing companies are developing more reliable and long-lasting solution services which are more relying on the latest technology. The demand is growing from major developing countries for the installation of power plants under power projects.
The report titled “Global Power Transformer Remote Monitoring and Diagnostic Market: Analysis By Type (Hardware solutions, Software Solutions), By Service (Oil and Gas Monitoring, Bushing Monitoring, Others), By Region,
By Country (2019 Edition): Opportunities and Forecast (2014-2024) –
By Region (Americas, Europe, APAC, MEA), By Country (US, Canada, Mexico, Brazil, Rest of Americas, Germany, France, Italy, UK, Rest of Europe, China, Japan, India, Rest of APAC, MEA)’ has covered and analysed the potential of global Power transformer remote monitoring and diagnostic market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
Scope of the Report
Global Power Transformer Remote Monitoring and Diagnostic market (Actual Period: 2018, Forecast Period: 2019-2024)
• Global Power Transformer Remote Monitoring and Diagnostic Market (Value) – Size, Growth, Forecast
• By Type – Hardware Solution, Software Solution
• By Services – Oil and Gas Monitoring, Bushing Monitoring, others
Regional Analysis – Americas, Europe, Asia Pacific, Middle East and Africa (Actual Period: 2018, Forecast Period: 2019-2024)
• Power Transformer Remote Monitoring and Diagnostic Market (Value) – Size, Growth, Forecast
• By Type – Hardware Solution, Software Solution
• By Services – Oil and Gas Monitoring, Bushing Monitoring, others
Country Analysis – United States, Canada, Mexico, Brazil, Germany, France, Italy, United Kingdom, Rest of Europe, China, Japan, India (Actual Period: 2018, Forecast Period: 2019-2024)
• Power Transformer Remote Monitoring and Diagnostic Market (Value) – Size, Growth, Forecast
• By Type – Hardware Solution, Software Solution
• By Services– Oil and Gas Monitoring, Bushing Monitoring, others
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• Competitive Landscape
• Company Analysis – Siemens AG, Qualitrol Corp, Camlin Power Inc, BPL Global LLC, ABB, Wilson Transformer Company, SCHNEIDER ELECTRIC, Honeywell International, Advanced Power Technologies, Eaton Corporation
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
Table of Contents
1. Research Methodology
2. Executive Summary
3. Strategic Recommendations
4. Product Overview
5. Market Dynamics
5.1 Market Trends
5.2 Market Drivers
5.3 Market Challenges
6. Competitive Landscape
6.1 Product Benchmarking
6.2 Porter’s Five Force Analysis
6.3 SWOT Analysis
6.4 Market Share of Global Players
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