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Transformer Monitoring System Market Projected to Reach USD 5,348.9 million, at a 8.5% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, March 14, 2023 (GLOBE NEWSWIRE) — According to a Comprehensive Research Report by Market Research Future (MRFR), “Transformer Monitoring System Market Research Report: Information By Service, Type, Application and Region – Forecast till 2030”, By 2030, the global market for transformer monitoring systems is anticipated to reach USD 5,348.9 million, growing at an 8.5% CAGR.

Transformer Monitoring System Market Overview

Data connected to several characteristics is frequently gathered and processed using the Transformer Monitoring System Market. To foretell and stop a transformer from failing, this is required. The fast expansion of electrical utilities is the primary driver of demand for transformer monitoring systems. Today, power is crucial to keeping businesses working properly. Your quality of life today is influenced by the size of the market. It propels both social evolution and total economic development. The role of the power utility in supplying uninterrupted electricity to every region of the world is significant.

But the grid’s dependability and efficiency must be improved if the total energy system is to be improved.

Key Players of Transformer Monitoring System market

  • Siemens,
  • Schneider Electric,
  • Mitsubishi Electric Corporation,
  • General Electric Company,
  • ABB,
  • Honeywell International, Inc.,
  • Eaton,
  • Advanced Power Technologies,
  • KJ Dynatech Inc,
  • Dynamic Ratings,
  • Hiotron,
  • S&C Electric Company,
  • Qualitrol Company LLC,
  • Wilson Transformer Company,
  • Advanced Energy Industries, Inc., etc.


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Access to real-time information must be improved. The most important factor to maximise energy savings through operational efficiency is digital transformation. With the aid of smart metres and modern metering infrastructure, the majority of utilities around the world are transitioning to digitization. The Market is frequently used to control the function and get real-time data from clients. The market study has been especially created for the anticipated time frame. Information gathering is the main purpose of these monitoring systems. The market size for transformer monitoring systems is driven by the vast amount of built smart grid.

The major purposes of these smart grids are to balance voltage variations, sustain peak demand load, replenish energy, and avoid overloading capacity.


Transformer Monitoring System Market Report Scope:

Report Metrics Details
  Market Size by 2030 2030: USD 5,348.9 Million
  CAGR during 2022-2030 8.5% CAGR
  Base Year 2021
  Forecast 2022-2030
 Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Key Market Opportunities   Increasing industry analysis transformer monitoring system Market Share
  Key Market Drivers Industrial manufacturing units

Increasing technological advancements

Rapid adoption of electrical and electronic devices


Browse In-depth Market Research Report (155 Pages) on Transformer Monitoring System Market:

https://www.marketresearchfuture.com/reports/transformer-monitoring-system-market-2311

The COVID 19 situation has brought about a lot of problems, and many different industries are having problems. The business has seen an impact like never before due to the health crisis. Well, things are getting better every day, and businesses and individuals are returning to their regular routines. Owing to the government’s and many enterprises’ proper assistance, several industries, including the Transformer Monitoring System Market, suffer losses as a result of this epidemic. They assist in bringing this business back to health and prosperity. Nevertheless, the sector is still striving for expansion and increased revenue.

The techniques to reduce coronavirus outbreaks and get ready for future market share are described in this paper. Also, the paper includes a number of factors that both hinder and promote growth. The section below provides a full study of these factors.

The popularity and advancement of electricity over the past few decades have led to an increase in the demand for transmission monitoring systems. The growing market share of the industry analysis transformer monitoring system has generated numerous potential prospects. Industrial manufacturing facilities, escalating technological breakthroughs, and the quick uptake of electrical and electronic equipment are all contributing to the industry’s rising need. For the expanding need for energy, market trends are necessary.

Electricity flow is regulated by the use of transformers. In locations where high voltage is necessary, these are crucial. The demand for the transfer monitoring system increases as the demand for transformers rises.


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The digitization of power services is driving up demand for market trends. The development of analytical machine learning is being aided by the digitalization of the electricity utilities. The development of electrical utilities is also fueled by robotics and artificial intelligence technology. The transformer monitoring system industry is supported and grows thanks to the power utilities. The smart grid aids in the grid integration of renewable energy sources and improves the adaptability and resilience of power systems.

Transformer Monitoring System Market Segmentation

Based on Type, Service, Application, and Location, the industry for transformer monitoring systems is divided into subcategories. The market is divided into a number of segments and then further divided into other regions.

The type of market is divided into the software and hardware sub-segments in the Outlook market.

The service section of the Outlook market is divided into three sub-segments: oil & gas monitoring, bushing monitoring, and others.

Power transformers, distribution transformers, and other market segments are further divided based on the application.

Transformer Monitoring System Market Regional Analysis

The Transformer Monitoring System’s regional analysis is divided into various regions. North America, Europe, the Middle East & Africa, Asia-Pacific, and South America are some of these regions.


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According to the aforementioned regional research, the Asia Pacific area makes the largest contribution to the market share. The market revenue for updating and upgrading the current transmission for transformer monitoring systems is present in this geographic area. The region is crucial in the ongoing need to update and upgrade the transmission and distribution infrastructure in order to balance or maintain the demand for power. Growth and improved access to the electrical supply are what propel the regional market’s revenue. Also, the southern Asian nations contribute a significant amount to the infrastructure of the smart grid. Because of the application of government rules, the smart grid market industry is growing daily. Several regions’ investments aid in the expansion of the market.

Related Reports:

Transformer Market Research Report Information By Type, Power Rating, Cooling Type, Insulation, End-User – Forecast till 2030

Distribution Transformer Market Research report: Information by Type, Insulation, Power Rating, End-Use– Forecast till 2030

Power Transformer Market By Cooling Type, By Power Rating – Global Forecast to 2030

Dry Transformer Market Research Report, By Type, By Phase Type, By Voltage Range, By Application – Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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THE 2024 GLOBAL EXPLORATION SUMMIT IS ANNOUNCED AT THE 120th EXPLORERS CLUB ANNUAL GALA IN NEW YORK

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Porto and Terceira Island to Host the ‘Davos of Exploration’ – The GLEX Summit
NEW YORK, April 24, 2024 /PRNewswire/ — The Explorers Club and Expanding World, are thrilled to announce the fifth edition of The GLEX Summit, known as the ‘Davos of Exploration,’ set to take place from June 15 to 19 on Porto city and Terceira Island in the Azores, Portugal.

This year, Porto will Ignite the summit, followed by two days of discussions and exploration in the historic city of Angra do Heroísmo on Terceira Island. From the depths of the oceans to new space missions, the power and future of exploration will be explored in these two World Heritage cities, deeply connected to the history of exploration.
The 2024 GLEX Summit will revolve around the latest discoveries and groundbreaking missions shaping the future of our planet. Highlights of the summit include the Artemis mission, which plans to send astronauts back to the moon for the first time since 1972, and the role of Space and the Oceans in researching and mitigating the effects of climate change. Notable sessions will also delve into the unfortunate incident of the submersible implosion that took place on Titan and the recording of an episode of the BBC’s acclaimed science comedy show ‘The Infinite Monkey Cage,’ hosted by physicist Brian Cox and comedian Robin Ince.
This prestigious event will bring together over three dozen explorer and scientist legends from around the world. Confirmed physicist and researcher Brian Cox, NASA Chief Scientist James Garvin, Aquanaut Fabien Cousteau, Oceanographer David Gallo, Cosmonaut Mike Massimino, Nasa ISS CapCom Tess Caswell, among many others global Explorers and Scientists.
For further inquiries about The GLEX Summit and press accreditation, please contact:
Marco Barbosa [email protected], +351917345744
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Hillstone Networks is Named in Microsegmentation Solutions Landscape Report

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Hillstone Networks delivers advanced Microsegmentation across different verticals.. 
SANTA CLARA, Calif., April 24, 2024 /PRNewswire/ — Hillstone Networks, a leading provider of cybersecurity solutions, has been included in the Forrester Microsegmentation Solutions Landscape, Q2 2024 report. The report offers an overview of the Microsegmentation market, focused on the vendors who deliver solutions for protection of critical resources, combating ransomware, and contributing to compliance adherence. The report provides security professionals a snapshot of these named vendors, considering factors such as size, geographic focus, and use cases to select the most suitable option for their targeted use cases or needs. 

In the Landscape Report, Forrester states that “Zero Trust is all about replacing bodies of implicit trust with explicit policy. In physical and virtual networks, the application of this principle is referred to as microsegmentation…. [It] was one of the first true Zero Trust technologies developed after Forrester published the initial Zero Trust reports.”  
Forrester states in the report that the main trend is “organizations are finally getting serious about Zero Trust. Some, proactively, are implementing microsegmentation as part of a Zero Trust strategy or initiative. Others are implementing it because they got hit by ransomware and are trying to avoid it again. But all of them are doing Zero Trust with microsegmentation.”
“Being recognized as a vendor in the Microsegmentation solution landscape underscores for us the pivotal role our technology plays in safeguarding critical assets and thwarting ransomware threats. We believe it reaffirms our commitment to providing cutting-edge security measures built on an innovative and AI-powered platform that help our customers defend against evolving cyber risks, ensuring resilience and trust,” states Tim Liu, CTO and Co-founder at Hillstone Networks.
Hillstone’s Microsegmentation solution provides the following key benefits:
Advanced and extensive Microsegmentation for physical servers, virtual machines, cloud hosts, and containers, seamlessly compatible with multiple platforms.Comprehensive, integrated Layer 4 to 7 security and malware features (Next Generation Firewall, Intrusion Prevention System, AntiVirus, URL filtering, DDoS, and bot defense), and complete vulnerability management across the entire application lifecycle.Distributed architecture for easy scaling and portability.Centralized and comprehensive visibility to reduce gaps in the threat surface.Learn more about Hillstone Networks solutions here.
About Hillstone Networks
Hillstone Networks’ Integrative Cybersecurity approach is based on a visionary, AI-powered, and accessible platform, delivering coverage, control, and consolidation to secure over 28,000 global enterprises.
Media ContactZeyao Hu+1 [email protected]
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Tetra Pharm Technologies and Glysious Announce Collaboration to Develop Transdermal Combination Drugs Targeting the Endocannabinoid System

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The collaboration brings together Tetra Pharm Technologies’ expertise in enabling technology with Glysious’ proprietary transdermal drug delivery system, renowned for its effectiveness, comfort, and convenience.
COPENHAGEN, Denmark, April 24, 2024 /PRNewswire/ — Tetra Pharm Technologies and Glysious are pleased to announce a strategic collaboration aimed at developing a ground-breaking transdermal drug delivery system complementing several of Tetra Pharm Technologies’ pipeline candidates. The joint invention aims to revolutionize transdermal release of “difficult-to-formulate” compounds targeting the endocannabinoid system.

Tetra Pharm Technologies has focused intensively on formulation expertise, that is, how the molecules are effectively integrated with a drug delivery system to reach their desired targets. Glysious has worked rigorously on the development of an adhesive patch for transdermal drug delivery since the company’s incorporation in 2020.
“The Glysious technology enables precision, sustained dosing, and allows for a high drug load and effective emptying of patches. The transdermal patches remain in place and are very comfortable and convenient to use, resulting in improved patient compliance. However, we have identified challenges with standard formulation strategies, not providing acceptable drug release due to shortcomings of the formulation matrix”, says Professor, Dr.Techn. Anne Ladegaard Skov, Chief Scientific Officer, Glysious.
Back in 2023 Glysious and Tetra Pharm Technologies performed early in-vitro feasibility tests, integrating Tetra Pharma Technologies’ proprietary enabling technology for delivery of poorly soluble compounds with Glysious’ patch.
Dr. Morten Allesø, Chief Scientific Officer, Tetra Pharm Technologies, adds: “Although both parties were aware of the uniqueness of our respective technologies, we were positively surprised to find a five-fold increase in performance of our combination product compared to conventional formulation technologies. This is truly remarkable, and we consider it our shared obligation to further advance this technology to the benefit of the patients.”
The objectives of the collaboration include conducting comprehensive in-vitro and in-vivo studies to evaluate the performance and efficacy of the combined drug delivery system. Additionally, Tetra Pharm Technologies and Glysious plan to pursue a common patent for the joint invention, ensuring that their innovative technology remains protected and exclusive.
“We are excited to collaborate with the innovative team in Tetra Pharm Technologies on this transdermal drug delivery system paving the way for commercialization and scaling of the Glysious technology within the pharma segment”, says Stina Bjerg Nielsen, Chief Executive Officer, Glysious.
Martin Rose, Chief Executive Officer, Tetra Pharm Technologies, concludes: “The collaboration represents a unique opportunity to harness the synergies between our respective technologies. By combining our expertise, we aim to develop a transdermal drug delivery system that offers superior efficacy, convenience, and patient compliance, supporting several of our pipeline programs”.
As part of the collaboration, the partners will exchange expertise, knowledge, and resources. In addition, Tetra Pharm Technologies and Glysious will conduct joint research, experiments, and tests as required for the development of a joint patent. The scope of the collaboration is focused on disease indications such as pain, sleep disorders, and appetite regulation.
About Tetra Pharm Technologies
Tetra Pharm Technologies is a Danish biopharmaceutical company established in 2018 with a vision to be a leader in research and development of pharmaceutical drugs for the treatment of diseases related to the endocannabinoid system. For more information, please visit www.tetrapharm.eu
About Glysious
Glysious is a Danish medtech company, incorporated in 2020, that develops patches, creams, spray, and foams with controlled release of active ingredients for cosmetics and life science applications. For more information, please visit www.glysious.com
For further informationJacob SchlundtChief Marketing OfficerTetra Pharm [email protected]+45 51976225
Stina Bjerg NielsenChief Executive [email protected]+45 3053 5393
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