Market Share of Asia Pacific Transformer Monitoring System Industry
The Asia Pacific transformer monitoring system market is semi-consolidated. Companies such as ABB Limited, Camlin Group, Eaton Corporation, Siemens AG, and General Electric Company rely on technological advancements and consumer interest in adopting the technology in their practices. Moreover, competitors can gain an edge through innovative offerings and products that have low costs and are highly available. Therefore, players must opt for a powerful competitive strategy to make a mark in the market.
• In February 2024, KONCAR expanded its presence in New Zealand as it delivered a transformer monitoring solution for a project carried out at Clyde Dam, one of the largest hydropower plants in New Zealand.
• In November 2023, Hitachi Energy inaugurated its transformer factory in Bac Ninh, Vietnam. This new factory specializes in liquid-filled power and distribution transformers and is set to nearly double the previous factory's annual capacity while maintaining adherence to the highest global standards. This advancement will additionally propel the company forward in the field of transformer monitoring.
Asia Pacific Transformer Monitoring System Market Leaders
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ABB Limited
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Camlin Group
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Eaton Corporation
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Siemens AG
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General Electric Company
*Disclaimer: Major Players sorted in no particular order
