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Transformer Monitoring Market worth $4.98 billion by 2031 | MarketsandMarkets™

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DELRAY BEACH, Fla., Aug. 31, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Transformer Monitoring Market size is projected to grow from USD 3.11 billion in 2026 to USD 4.98 billion by 2031 at a compound annual growth rate (CAGR) of 9.9% during the forecast period.

Browse 150 market data Tables and 60 Figures spread through 250 Pages and in-depth TOC on “Transformer Monitoring Market – Global Forecast to 2031”

The global market is experiencing continued growth as power companies, industrial facilities, and other power users are concentrating more on the reliability of transformers, the health of assets, and the stability of power supply. Transformer monitoring systems are increasingly used to assess operating parameters, detect developing faults, and improve the operation of transformer-related technologies. The need to manage older transformers, enhance asset efficiency, and boost the reliability of power systems has driven the adoption of this technology across transmission, distribution, generation, and industrial processes. Additionally, the rise of alternative energy sources and the growing variability in electricity consumption have created a demand for greater visibility into transformer operating conditions.

The market is also influenced by advancements in online monitoring, IoT-connected sensors, dissolved gas analysis, partial discharge detection, data analytics, and cloud and edge technologies. These monitoring systems integrate various transformer parameters, including temperature, loading, oil quality, dissolved gases, moisture, bushings, and partial discharge, to effectively evaluate transformer conditions. Continuous monitoring enables remote diagnostics, automatic alerts, fleet-level analysis, and condition-based maintenance. Furthermore, integration with digital asset management systems enhances the accessibility and usability of transformer data. Recent developments in sensor connectivity and analytics are also helping to upgrade older transformer fleets through retrofits and newly installed monitoring systems.

Transformer Monitoring Market Size & Forecast:

Market Size Available for Years: 2022–20312025 Market Size: USD 2.84 billion2031 Projected Market Size: USD 4.98 billionCAGR (2026–2031): 9.9%

Transformer Monitoring Market Trends & Insights:

By region, the Asia Pacific Transformer Monitoring Market is expected to register a CAGR of 10.8% between 2026 and 2031.By component, the software segment is likely to exhibit a growth rate of 10.8% during the forecast period.By type, the oil-immersed segment is anticipated to register a 10.1% CAGR from 2026 to 2031.By application, the power transformers segment is expected to grow at a significant rate during the forecast period.By service, the dissolved gas analysis segment is likely to exhibit the highest growth during the forecast periodBy voltage rating, the above 230 kV segment is projected to hold a dominant position in the market during the forecast period.By installation, the new segment is expected to register the highest CAGR during the forecast period.By end user, the power utilities segment is anticipated to record the highest growth rate from 2026 to 2031.

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Oil-immersed segment to record the highest CAGR between 2026 and 2031.

Based on type, the oil-immersed segment is anticipated to exhibit the highest growth rate in the Transformer Monitoring Market during the forecast period. The use of oil-immersed transformers is expected to increase in transmission and distribution networks in industries as well as substation facilities, especially in high-capacity and high-voltage applications. Transformers utilize insulating oil for cooling purposes and dielectric insulation. This makes it necessary to monitor the state of the oil, the dissolved gas, and the temperature, among other operating parameters. With the expansion of the electricity supply networks and the increasing application of oil-immersed transformers in high voltage systems, their efficacy depends on maintaining effective monitoring.

Hardware segment to capture the largest share of the Transformer Monitoring Market in 2026.

Based on component, the hardware component segment is expected to hold the largest market share in 2026, driven by rising investments in grid modernization, transformer asset health, and real-time condition monitoring. Utilities are increasingly deploying sensors, monitoring devices, communication gateways, and data acquisition systems to capture critical parameters such as dissolved gases, temperature, moisture, vibration, bushing condition, and partial discharge. Aging transformer fleets and growing emphasis on predictive maintenance and asset life extension are further accelerating hardware adoption. In addition, the integration of IoT-enabled monitoring infrastructure with digital substations is increasing demand for connected field devices. Expanding renewable energy integration and grid complexity are also strengthening the need for continuous, high-accuracy transformer monitoring hardware.

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Asia Pacific to be the fastest-growing in the Transformer Monitoring Market from 2026 to 2031.

Based on region, Asia Pacific is expected to record the highest growth rate during the forecast period due to rapid urbanization, industrial growth, escalating demand for electricity, and development of new transmission and distribution infrastructure. In addition, the growth of renewable energy capacity is increasing the importance of reliable transformers, especially in the changing power grid environment due to variable generation of electricity. China, India, Japan, South Korea, and countries in Southeast Asia are also investing in grid modernization and digitalization, which promotes the use of modern methods of monitoring, sensors, diagnostic techniques, and asset management systems.

Top Companies in Transformer Monitoring Industry:

The Transformer Monitoring Industry include GE Vernova (US), Schneider Electric (France), Siemens (Germany), Vaisala (Finland), Eaton (Ireland), Mistras Group (US), Vaisala (Finland), Reinhausen GmbH (Germany), Hitachi Energy Ltd. (Switzerland), Qualitrol Company LLC. (US), and Doble Engineering Company (US). These companies are strengthening their market positions through transformer monitoring portfolio expansion, energy-efficiency improvements, product innovations, geographic expansions, strategic acquisitions, and investments in power utilities, industrial, commercial/ residential, and data center applications.

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Related Reports:

Transformer Market

Instrument Transformers Market

Electrical Bushings Market

Smart Transformers Market

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Century Fasteners Corp. Exhibiting at the 2026 International Fastener Expo

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September 21, 2026

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Century Fasteners Corp. and Cherry Aerospace Relationship Showcased at the 2026 International Fastener Expo – October 7th-9th, 2026.

ELMHURST, N.Y., Sept. 21, 2026 //PRNewswire// — Century Fasteners Corp. (www.CenturyFasteners.com) is an authorized distributor for Cherry Aerospace (www.CherryAerospace.com).

Century Fasteners Corp. will exhibit at the 2026 International Fastener Expo (https://fastenershows.com/) in Phoenix, AZ, October 7th–9th, 2026, where Century will showcase its capabilities and relationship with Cherry Aerospace at Booth 2756.

In addition to making world-class Cherry products more broadly available to distributors and OEMs, the partnership expands Century’s existing services to the manufacturing community by enabling the company to provide deeper bill of material coverage to complement its product offering.

About Century Fasteners Corp.

Century Fasteners Corp. is a Master Distributor of fastener and consumable products to the military, aerospace, electronics, industrial, and commercial sectors. Founded in 1955, the AS and ISO certified company stocks more than 100,000 discrete parts, and offers a wide variety of value-added services, including VMI in-plant programs, custom kitting, and supply chain management solutions. Century Fasteners Corp. is an authorized stocking distributor for Cherry Aerospace (www.cherryaerospace.com). Service, Inventory, Integrity™

About Cherry Aerospace

Headquartered in Santa Ana, CA, Cherry Aerospace is a global leader in the design and manufacture of fastening systems for the aerospace industry. The Cherry® name is synonymous with aerospace fasteners, and the CherryMax® line of rivets is the most widely used in the industry. Cherry® Aerospace is well known for their industry leading blind rivets, blind bolts, rivetless nut plates, shear pin fasteners and installation tools. The company is a member of the SPS Fastener Division of Precision Castparts Corp.

For Cherry Aerospace and other product quotes for OEMs or Distributors, email the requirements to Century Fasteners Corp. at sales@centuryfasteners.com. To learn more about the products and services offered by Century Fasteners Corp., visit online at www.CenturyFasteners.com.

Media contact:

John Ringold – Director of Marketing
Century Fasteners Corp
800-221-0769
jringold@centuryfasteners.com
https://www.centuryfasteners.com/

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SOURCE Century Fasteners Corp.

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TMGM and Chelsea Football Club Extend Partnership into Fourth Year, Expanding into the Middle East

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September 21, 2026

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SYDNEY, Sept. 22, 2026 /PRNewswire/ — TMGM and Chelsea Football Club today announced the extension of their partnership into a fourth year, with the collaboration expanding beyond Asia-Pacific into the Middle East.

Since 2023, TMGM has served as Chelsea FC’s Official Online Forex and CFD Trading Partner in Asia-Pacific. The extension advances a partnership spanning matchday visibility, original content and fan engagement.

Three Years of Shared Momentum

In 2026, the partnership reached a milestone when TMGM branding appeared on the back of Chelsea men’s match shirts during the FA Cup – a first in the club’s history. TMGM also joined Chelsea FC’s 2026 Asia-Pacific Pre-Season Tour as an Official Partner, with open training, pitch-side access and post-match tunnel experiences. The tour included a visit by Chelsea players Cole Palmer and João Pedro to TMGM’s Sydney headquarters.

Earlier in 2026, TMGM presented The Famous CFC in Bangkok, where hundreds of supporters attended a live match screening and an exclusive appearance by former Chelsea captain John Terry.

These milestones formed part of a wider programme of premium home-match hospitality, behind-the-scenes visits at Cobham and player-led content under TMGM’s “Trade like a lion” campaign.

A Broader Platform for Year Four

In year four, TMGM’s expanded regional rights will support brand visibility at Chelsea home fixtures, original content featuring players and legends, regional digital campaigns and a China-focused performance series. The programme will also continue through The Famous CFC in selected markets and offer TMGM clients further hospitality and behind-the-scenes access across Chelsea’s matchday, stadium and training environments.

“Over three years, our relationship with Chelsea FC has evolved from regional activations to high-profile moments, including visibility on the club’s FA Cup shirts and its Asia-Pacific tour,” said TMGM. “Entering our fourth year and extending into the Middle East creates opportunities to connect with more audiences through experiences that reflect the ambition of both organisations.”

Chelsea Football Club said: “TMGM has focused on bringing its clients and our supporters closer to the club through digital-first content and in-person events across Asia-Pacific to great effect. We are pleased to extend the partnership into a fourth year and look forward to building on its momentum across the region and also the Middle East.”

About TMGM

Founded in 2013 in Sydney, Australia, TMGM Group is the Official Regional Partner of Chelsea Football Club. As a broker providing global financial product trading, TMGM is regulated by ASIC (Australia), VFSC (Vanuatu), FSC Mauritius, and FSA (Seychelles).

Disclaimer: Investing in leveraged products carries high risks and is not suitable for all investors. You have no interest in the underlying asset. Read the Client Agreement and other disclosure documents set forth on our website. The above information is provided by TMGM Group (Trademax Australia Limited, ABN 76 162 331 311, AFSL 436416, Trademax Global Markets (SE) Limited, FSA licence number SD224, Trademax Global Limited, VFSC 40356 & Trademax Global Markets (International) Pty Ltd, Company No. 195323, Mauritius Investment Dealer Licence No. GB22201012). 

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Ridgeway Pharmacy Statement Regarding Website Security Incident Involving Third-Party Vendor

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September 21, 2026

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VICTOR, Mont., Sept. 21, 2026 /PRNewswire/ — Ridgeway Pharmacy, Ltd. (“Ridgeway”) is providing notice of an incident involving its pharmacy website, which was developed by a third-party vendor. Ridgeway identified operational issues on the website and promptly began an investigation with the assistance of external cybersecurity and forensic specialists. That investigation determined that a vulnerability in the vendor-supported website allowed an unknown third party to access the site using elevated privileges, and that certain information may have been accessible as a result. On August 21, 2026, Ridgeway determined that the information potentially involved may have included name, date of birth, address, prescription information, health information, insurance information, and, for a portion of the individuals, payment card information. Importantly, at no time did this incident involve Ridgeway’s internal systems.

Ridgeway takes the privacy and security of information seriously and holds the third parties that support its services to that same standard. Upon learning of this matter, Ridgeway secured and remediated the affected website, stood up a new platform, further restricted access, strengthened monitoring, implemented additional protections against unauthorized activity, and reported the incident to federal law enforcement.

Written notice has been mailed to individuals whose information may have been involved, and out of an abundance of caution Ridgeway is offering complimentary identity protection services through TransUnion, a leading identity protection provider. As a general precaution, individuals are encouraged to review their account statements, health plan explanations of benefits, and credit reports for any unfamiliar activity, to enroll in the complimentary services described in their notification letter, and to report any unusual activity to their financial institution.

Individuals with questions may call Ridgeway’s dedicated toll-free assistance line at 1-833-516-7133, available 8am – 8pm (ET).

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SOURCE Ridgeway Pharmacy

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