As per the report titled ‘Global Power Transformer Remote Monitoring and Diagnostic Market: Analysis By Type, By Service , By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- By Region (Americas, Europe, APAC, MEA), By Country’, available with Market Study Report, global power transformer remote monitoring and diagnostic market is projected to register substantial gains, expanding with a CAGR of 8.83% over 2019-2024.
 

Increasing demand for power supply and favorable government initiatives to control transmission networks are propelling the growth of global power transformer remote monitoring and diagnostic market. In addition to this, increasing population, fast paced urbanization and industrialization is further enhancing market size. Also, rapid growth in power sector has resulted in larger number of power plants installation, thereby, promoting industry revenues.
 

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Based on product type, global power transformer remote monitoring and diagnostic market is categorized into software solutions and hardware solutions. Speaking of the services provided, the market is divided into busing monitoring, oil & gas monitoring, and others.
 

Considering the regional landscape, global power transformer remote monitoring and diagnostic market is classified into Americas (Canada, United States, Brazil, Mexico, Rest of Americas), Asia-Pacific (India, China, Japan, Rest of Asia-Pacific), Europe (United Kingdom, Italy, Germany, France, Rest of Europe), and Middle East & Africa (Middle East, Africa).
 

Major market players in global power transformer remote monitoring and diagnostic market are Siemens AG, Camlin Power Inc., Qualitrol Corp., ABB, BPL Global LLC, Schneider Electric, Wilson Transformer Company Pty. Ltd., Advanced Power Technologies, LLC, Honeywell International Inc., and Eaton Corporation Inc.