Transformer Monitoring System Market: Global Industry Analysis and Forecast (2023-2029) Transformer Monitoring System Market Overview: Transformer monitoring systems have been used to keep track of the condition and operation of transformers. Monitoring is an important aspect of transformer systems for troubleshooting, smooth operation, and correct maintenance of machinery in major industries without disrupting work. The transformer monitoring systems are beneficial since they are equipped with information storage systems for the duration of the transformer's life and integrating sensors that aid in effective transformer monitoring for efficient analysis and operations. Transformer monitoring systems are expected to increase at a high rate over the forecast period, owing to rising industrial activity and the expansion of electric grid networks around the world.