Global Transformer Monitoring Systems Revenue Has Grown From 1.23 Billion USD In 2013 To 1.72 Billion USD By The End Of 2017
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As international economic situation is complicated, in the next few years there will be many uncertainties. Due to the government’ policy and the high sales of Transformer Monitoring System in the international market, the current demand for Transformer Monitoring System product is relatively stable in the mature market, such as North America and Europe, but the demand in Asia-Pacific is relatively higher due to the downstream demand.
Transformer Monitoring Systems revenue has grown from 1.23 billion USD in 2013 to 1.72 billion USD by the end of 2017, and is forcested to reach 2.97 billion USD in 2023 with a CAGR of 9.48%
Transformer Monitoring System is mainly manufactured and sold by ABB, GE, Siemens, Eaton, Alstom, Weidmann, Schneider Electric, Mitsubishi, Koncar, Schweitzer Engineering Laboratories, LGOM ; and these companies occupied about 83.96% market share in 2017.
Geographically, Europe is the largest consumption market in the world, which took about 37.49 percent of global total revenue.
Although sales of Transformer Monitoring System brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Transformer Monitoring System field hastily.