The global power transformer remote monitoring and diagnostic market is anticipated to witness a high CAGR during the forecast period. Growing incidences of power cut off and existence of agile transformers in a generation plant is expected to catalyse the demand for remote monitoring and diagnosis for transformers. Again, the remote monitoring and diagnosis service for power transformers is gaining a huge momentum attributing to reliability in services through effective data monitoring techniques. With the growing landscape of IoT, Artificial Intelligence and SMART backups, the market for effective monitoring of power transformers has grown by leap and bounds. In the past few years, real-time analysis for power transformers based on voltage, current and load bearing capabilities has functionally widened. Presently, the cost bearing capacities led by power transformer manufacturing companies is high although the operators need to ensure efficient power delivery. Dissolved Gas Analysis: In the recent years, monitoring systems have undergone various transformations in terms of data acquisition and interpretation. This enables a greater clarity of information to the operator and hence the modus operandi for distribution control is automatic. Moreover, the reliability of distribution networks in the recent years for both, power and distribution transformers has grown in the efficient and cost-effective manner. Access "161" page research report with TOC on "Power Transformer Remote Monitoring and Diagnostic Market" available with Radiant Insights, Inc.@ https://www.radiantinsights.com/research/global-power-transformer-remote-monitoring-and-diagnostic-market-research-report-2019-2023 For instance, Dissolved Gas Analysis, is considered as one of the most reliable technique for remote monitoring of power transformers. It delivers an accurate study of transformers with abnormal working conditions and electrical stresses induce the development of several gases. This happens due to decomposition of transformer oil. In any bigger event of failure, decomposed gases accumulate in section called as Buchholz Relay. Therefore, effective monitoring of Buchholz Relay, it not only delivers upon the condition of electrical power transformer but also relays indispensable data in the event of failure. Europe is a highly engaged market for power transformers owing to the high availability of raw materials, oil and power supplies. Presence of a huge residential consumer base with enormous power supply demands is playing a pivotal role in the development of regional markets. In addition, in the recent years, European market incorporates the replacement of agile transformers with newly designed models. Therefore, ongoing developments and counter measures to sustain power failure issues are anticipated to propel the regional market growth in Europe. Some of the key players in the power transformer remote monitoring and diagnostic market are ABB, Advanced Power Technologies, Camlin Power Inc., BPL Global LLC, Siemens AG, Qualitrol Corporation, Wilson Transformer Company, Schneider Electric, Honeywell International, and Eaton Corporation.
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