Transformer Monitoring System Market Size & Share Analysis – Growth Trend & Forecasts (2025 – 2030)

The Report Covers the Transformer Monitoring System Market Size and Share, and It is Segmented by Component (Software and Hardware), Service (Oil Monitoring, Winding Monitoring, and Gas Monitoring), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Size and Forecast in Revenue (USD) for all the Above Segments.

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Transformer Monitoring System Market Size & Share Analysis – Growth Trend & Forecasts (2025 – 2030)

Transformer Monitoring System Market Size

Transformer Monitoring System Market Summary

Compare market size and growth of Transformer Monitoring System Market with other markets in Energy & Power Industry

Transformer Monitoring System Market Analysis

The Transformer Monitoring System Market size is estimated at USD 3.12 billion in 2025, and is expected to reach USD 4.95 billion by 2030, at a CAGR of 9.69% during the forecast period (2025-2030).

  • Over the long term, a number of factors have contributed to the growth of the global transformer monitoring system market, including the replacement of existing grids and the expansion of distribution networks in order to achieve rural electrification. Monitoring systems are primarily utilized in distribution and power generation networks where transformers are utilized.
  • On the other hand, the system’s high installation costs are the primary market restraint for the global transformer monitoring system market, and the technological advancements that include sensors, monitors, and data storage enhance its value as well. However, these systems are expensive to maintain, hampering the growth of the transformer monitoring system market.
  • Nevertheless, advancements and developments in transformer monitoring systems associated with new technologies such as automation, big data analytics, and the Internet of Things (IoT) are crucial in today’s highly industrialized and evolving industrial environment. These developments are expected to create several opportunities for the transformer monitoring systems market in the future.
  • Asia-Pacific is one of the significant markets with the highest terawatt-hour capacity of electricity generation. With an increase in the demand for power and cross-border transmission and initiatives to utilize renewable resources, transformer usage is in demand, thus driving the transformer monitoring system market.

Asia-Pacific Expected to Dominate the Market

  • Asia-Pacific is the largest energy consumer globally. As of 2022, according to the Statistical Review of World Energy, the region generated nearly 14,546.4 TWh of electricity, accounting for nearly 49.8% of the global generation. During 2012-2022, electricity generation registered a steady CAGR of 4.6%. Additionally, in 2022, electricity generation increased by 4% Y-o-Y. The rising electricity demand in Asia-Pacific is expected to impact the usage of transformers in the region significantly, thus driving the demand for transformer monitoring systems.
  • The rising integration of renewable energy from massive utility-scale renewable energy farms in countries such as China and India, the electrification of industries and buildings, and the growth of data centers all contribute to a significant increase in electricity consumption. As the population and urbanization in the region grow, the demand for electricity is also expected to increase, driving the need for transformers to handle higher voltages, and power levels will also increase. Additionally, integrating renewable energy sources like wind and solar into the grid will require new transformers to control the variable and decentralized energy they produce.
  • As electricity demand across China has grown steadily, the country has invested heavily in its T&D infrastructure to satiate the burgeoning energy demand. For instance, in January 2023, the State Grid Corporation of China announced plans to invest nearly USD 77 billion in transmission infrastructure and energy storage systems during 2023, up by nearly 4.0% Y-o-Y.
  • India is also one of the largest electricity consumers globally. India is witnessing massive infrastructure development in the energy, transportation, and real estate sectors. These projects require a robust electrical grid system, including power transformers, to support the growing energy demand and ensure reliable power supply to various infrastructural facilities. In addition, the country’s power grid has become older and is in dire need of modernization. With the increasing power load and rising integration of variable generation assets such as solar panels and wind turbines, grid stability has become a significant issue. Hence, the government, including state and federal electric utilities, has been investing heavily in the upgrade and modernization of the grid.
  • For instance, according to the Powergrid Corporation of India (PGCIL), the country’s largest transmission utility, the country plans to invest USD 34.2 billion to set up an interstate transmission network (ISTS), primarily to accommodate and transmit renewable energy. According to the state utility, the plan envisions investments of up to USD 17.1 trillion from 2026 to 2027. According to the Power Ministry, the country has already approved 23 ISTS projects for green energy evacuation at a total cost of USD 1.9 billion during FY 2022. As of November 2022, transmission projects worth nearly USD 7.2 billion were approved.
  • Such developments are expected to increase the usage of transformers, thus driving the transformer monitoring system market during the forecast period.
Transformer Monitoring System Market: Growth Rate by Region, 2024-2029

Transformer Monitoring System Industry Overview

The transformer monitoring system market is fragmented. Some of the key players in this market (in no particular order) include General Electric Company, ABB Ltd, Siemens Energy AG, Schneider Electric SE, and Eaton Corporation PLC.

Transformer Monitoring System Market Leaders

  1. General Electric Company
  2. ABB Ltd
  3. Siemens Energy AG
  4. Schneider Electric SE
  5. Eaton Corporation plc
  6. *Disclaimer: Major Players sorted in no particular order
Transformer Monitoring System Market Concentration

Transformer Monitoring System Market News

  • June 2023: Massachusetts-based research and development agency and government contractor Charles River Analytics received a USD 1.1 million Small Business Innovation Research (SBIR) Phase II contract to deliver a predictive maintenance diagnostic platform for electrical transformers. The company’s Probabilistic Operations Warranted for Energy Reliability Evaluation and Diagnostics (POWERED) tool brings out enormous volumes of transformer data to analyze equipment health and forecast future system failures—preventing power shutdowns and expensive equipment repairs to electrical infrastructure.
  • February 2023: Hitachi Energy announced the launch of its next-generation TXpert Hub, part of its ecosystem for the digitalization of transformers. By aggregating, storing, and analyzing data received from the transformer’s digital sensors, the TXpert Hub enables transformer monitoring.

Transformer Monitoring System Market Report – Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Replacement of Existing Grids and the Expansion of Distribution Networks
    • 4.5.2 Restraints
    • 4.5.2.1 High Installation Costs
  • 4.6 Supply Chain Analysis
  • 4.7 Porter’s Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Component
    • 5.1.1 Software
    • 5.1.2 Hardware
  • 5.2 By Service
    • 5.2.1 Oil Monitoring
    • 5.2.2 Winding Monitoring
    • 5.2.3 Gas Monitoring
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 NORDIC
    • 5.3.2.7 Russia
    • 5.3.2.8 Turkey
    • 5.3.2.9 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Australia
    • 5.3.3.6 Malaysia
    • 5.3.3.7 Thailand
    • 5.3.3.8 Indonesia
    • 5.3.3.9 Vietnam
    • 5.3.3.10 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Chile
    • 5.3.4.4 Colombia
    • 5.3.4.5 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Nigeria
    • 5.3.5.5 Qatar
    • 5.3.5.6 Egypt
    • 5.3.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 ABB Ltd.
    • 6.3.3 Siemens Energy AG
    • 6.3.4 Schneider Electric SE
    • 6.3.5 Eaton Corporation plc
    • 6.3.6 MISTRAS Group
    • 6.3.7 Vaisala Oyj
    • 6.3.8 Hitachi Ltd
    • 6.3.9 KJ Dynatech Inc.
    • 6.3.10 Gasera Ltd
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share (%) Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancement and Developments in Transformer Monitoring Systems