According to the latest study 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)’ available with Market Study Report, the global power transformer remote monitoring and diagnostic market is estimated to grow with a CAGR of 8.83% through 2024. 
 

Companies have been attempting to increase power generation capacity in various parts of the world to satisfy the rising demand of the growing population. The rapid growth in power sector along with the government initiatives have paved the way for a huge installations of power plants which is propelling the global power transformer remote monitoring and diagnostic market.
 

The study examines the market for revenue shares of every segment and growth opportunities for leading players. Moreover, it also provides an exhaustive understanding about the drivers that would influence this business space and the challenges in the industry.
 

Based on product type, power transformer remote monitoring and diagnostic market is segmented into software and hardware solutions. Speaking of the services spectrum, the market is bifurcated into bushing monitoring, oil and gas monitoring, and others.
 

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Considering the geographical landscape, the power transformer remote monitoring and diagnostic market is fragmented into four major regions, namely, Americas, Europe, APAC, and Middle east Africa, with key focus on countries, namely US, Canada, Italy, Mexico, rest of Americas, China, Germany, France, Brazil, UK, rest of Europe, India, Japan, and rest of APAC.
 

Some of the vendors that operate in power transformer remote monitoring and diagnostic market are Qualitrol Corp, Siemens AG, BPL Global LLC, Camlin Power Inc, Wilson Transformer Company, Eaton Corporation, ABB, Honeywell International, Schneider Electric, Advanced Power Technologies, and Honeywell International.