Market Scenario, Industrial control transformers provide step-down voltages to machine tool control devices. It also provides good voltage regulation and designed to provide a high degree of secondary voltage stability during a brief period of overload condition. These transformers are especially designed for industrial applications that require relays, solenoids, and other electromagnetic devices. Industrial control transformers are generally customized that may differ in the features according to the requirement of the end-user. For instance, these transformers may be designed to comply with NEMA ST-20 sound levels. , Need to reduce the equipment failure caused by frequent voltage spikes and increased implementation of industrial control transformers across the industries will drive the industrial control transformer market. Moreover, increasing energy generation targets, adoption of disruptive technologies, rising clean coal, and increasing share of renewable energy resources present huge opportunities for utility providers to integrate all these elements while providing the reliable power supply to end-users. Also, emerging markets in Asia-pacific offers many opportunities for wind power capacity additions being made in these countries. For instance, Asia’s offshore wind power capacity is expected to rise 20 times reaching 43 GW till 2027. All these factors would eventually drive the market for industrial control transformer market. , , The global industrial control transformer market is projected to grow at a moderate rate during the forecast period, mainly due to growing power sector and increasing power generation capacities across the globe. For instance, global installed power capacity reached 6,437 GW in 2016 with growth rate of 4.1%. Also, significant development being made in Asian countries such as China and India including the increasing use of coal resources has driven the growth of industrial control transformers used in the power sector. , Global industrial control transformer has been segmented based on power rating, phase, end-user, and region. Based on phase, the market has been classified into single phase and three phase. The three phase dominates the market owing to need f

Market Scenario

Industrial control transformers provide step-down voltages to machine tool control devices. It also provides good voltage regulation and designed to provide a high degree of secondary voltage stability during a brief period of overload condition. These transformers are especially designed for industrial applications that require relays, solenoids, and other electromagnetic devices. Industrial control transformers are generally customized that may differ in the features according to the requirement of the end-user. For instance, these transformers may be designed to comply with NEMA ST-20 sound levels.

Need to reduce the equipment failure caused by frequent voltage spikes and increased implementation of industrial control transformers across the industries will drive the industrial control transformer market. Moreover, increasing energy generation targets, adoption of disruptive technologies, rising clean coal, and increasing share of renewable energy resources present huge opportunities for utility providers to integrate all these elements while providing the reliable power supply to end-users. Also, emerging markets in Asia-pacific offers many opportunities for wind power capacity additions being made in these countries. For instance, Asia’s offshore wind power capacity is expected to rise 20 times reaching 43 GW till 2027. All these factors would eventually drive the market for industrial control transformer market.

The global industrial control transformer market is projected to grow at a moderate rate during the forecast period, mainly due to growing power sector and increasing power generation capacities across the globe. For instance, global installed power capacity reached 6,437 GW in 2016 with growth rate of 4.1%. Also, significant development being made in Asian countries such as China and India including the increasing use of coal resources has driven the growth of industrial control transformers used in the power sector.

Global industrial control transformer has been segmented based on power rating, phase, end-user, and region. Based on phase, the market has been classified into single phase and three phase. The three phase dominates the market owing to need for better efficiency in industrial applications. The three-phase industrial transformers are used to drive various general machinery such as compressors, pumps, crushers, and other mechanical equipment in chemical, power plants, mining, and other industries.

The global industrial control transformer market is expected to grow at 5.12% CAGR during the forecast period.

Market Segmentation





Global Industrial control transformer Market

Global industrial control transformer market is expected to witness a moderate growth during the forecast period owing to growing power sector and increasing power generation capacities across the globe. According to World Energy Outlook 2018, governments across the regions are focusing on managing the increasing demand for electricity. Under current and planned policies launched by various governments, energy demand is expected to grow by more than 25% by 2040. This would drive the demand for industrial control transformer used in the power sector. Moreover, in 2016, The U.S. Department of Energy (DOE) issued a new ruling for efficiency level for transformers. Owing to these new regulations, manufacturers redesigned their products in order to maintain the efficiency levels. Thus, driving the market for replenishment of existing transformers and new industrial control transformers used in various industries.

Key Players

The key players of global industrial control transformer market are MCI Transformers (US), Broadman Transformers (UK), Rockwell Automation (US), Hubbell (US), General Electric (US), Eaton (Ireland), ABB (Switzerland), Siemens AG (Germany), Schneider Electric (France), Emerson Electric Co. (US), Electric Hammond Power Solutions (Canada), Dongan Electric Manufacturing Co. (US), SNC Manufacturing Co., Ltd (US), Foster Transformer Company (US).

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