Transformer Monitoring System Market Expected to Grow at Over 10% CAGR through 2027
According to the report, focus on energy efficiency and favorable government policies are the key factors that are promoting the adoption of transformer monitoring systems globally. Demand for energy is growing at a brisk pace, as urbanization and growing industrialization put pressures on the existing sources of energy. In Asia Pacific, many economies are growing at high single-digit growth rates, and investments in power and infra projects has necessitated the adoption of streamlined and efficient solutions. Transformer monitoring systems have emerged as a credible option for ensuring energy-efficiency, and it is highly likely that their adoption will continue to witness a steady increase during the assessment period.