The global TMDS market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. Transformers improve the safety and efficiency of power systems by rising and lowering voltage levels as and when required. These are used in a wide range of residential and industrial applications most importantly in the distribution and regulation of power across long distances. Power transformers constitute a significant asset for the owner and the impact of an unexpected failure or outage can have consequences of enormous proportions. The advancement in transformer monitoring & diagnostic system offers early signs of deterioration of the system thereby making it possible to extend the life of certain units, by continuous on-line monitoring. TMDS provides the up-to-date accurate and detailed information needed to carry out a proper diagnosis and assessment of the health of the system.
Browse the full report description of “Transformer Monitoring & Diagnostic System (TMDS) Market Size, Share & Trends Analysis Report by Product Type (Power Transformer, and Distribution Transformer), and by Application (Residential, Commercial, and Industrial) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/transformer-monitoring-and-diagnostic-system-tmds-market
Transformer monitoring requires the integration of sensors, data management, and analysis to turn sensor data into useful knowledge, and then an overlay of software applications to turn knowledge into actionable information. An appropriate transformer monitoring & diagnostic system help utilities avoid unplanned failures, lower maintenance costs, and extend useful transformer life. Thus the growing application of the TMDS system in the transmission and distribution line and enhanced features such as remote monitoring of transformers, and advanced warning system for possible defects in TMDS is driving the market growth. For instance, Siemens offers a TMDS system, which is multiple engineering models with advanced techniques of statistical learning, leveraged with advanced monitoring concepts. It is designed to provide transformer monitoring and diagnostics for transformers in a substation or across multiple substations. TMDS turns transformer monitoring data into actionable information by translating combustible dissolved gas, bushing capacitance deviation, moisture, and other sensor-measured data into diagnostic and prognostic messaging.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Siemens Gas and Power GmbH & Co. KG, ABB Group, Advanced Power Technologies, Camlin Group, EMCO ELECTRONICS, Eaton Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Transformer Monitoring & Diagnostic System (TMDS) Market Report Segment
By Product Type
By Application
Global Transformer Monitoring & Diagnostic System (TMDS) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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