Industrial Control Transformer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

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Report Code: ZMR-3077 | Report Format : | Status : Upcoming |

Abstract

Global Industrial Control Transformer Market: Overview

In order to isolate the control circuits from the power circuits so that grounded and ungrounded circuits are used the industrial control transformer is used for providing step down voltages to the machine control equipment. The industrial control transformer is specially designed for holding the increased inrush of current.

Global Industrial Control Transformer Market: Growth Factors

As industrial control transformer offers an increased degree of stability for secondary voltage in less period of time it is a major fact that is driving the industrial control transformer market. In addition, the industrial control transformer aids in keeping the voltage powering device stable when there is a high inrush of current. This, in turn, avoids problems such as short circuit and other types of technical problems. The industrial control transformer also offers optimal voltage regulation, which improves the safety of the plant operations. Thus all these factors are increasing the demand for the industrial control transformer market. The expanding power generation sectors, the growing power demand globally, the growing demand to minimize the equipment failures caused owing to the voltage fluctuations, and the growing use of the industrial control transformers among the end-user industries are the factors driving the industrial control transformer market.

Global Industrial Control Transformer Market: Segmentation

The global industrial control transformer market is segmented by its phase type, power rating, and by end-user. Based on the phase type, the market is bifurcated into three phase and single phase. In terms of power rating, the global industrial control transformer market is categorized into above 1,500 VA, 1,000-1,500 VA, 500-1,000 VA, and 25-500 VA. On the basis of the end-user, the market is segregated into oil & gas, metal & mining, power generation, chemical, and others which include paper & pulp, glass, food & beverage, cement, and water & wastewater industries.

Global Industrial Control Transformer Market: Regional Analysis

The stringent rules for the safety of the plants and the increased awareness among the end-user industries have led North America to dominate the global industrial control transformer market. There is an increased demand for the industrial control transformer in the end-user industries such as petrochemical, chemical, power generation, and others in the region.

In the coming years, it is expected that Europe will contribute a significant share in the industrial control transformer market owing to the major demand for the industrial control transformer from the chief industries such as power generation, metal and mining, and chemicals.

The expanding chemical and power generation industries in the emerging countries such as China and India in the Asia Pacific is projected to contribute to the growth of the industrial control transformer market. In the other regions such as Latin America and the Middle East and Africa, the industrial control transformer market will register a strong growth rate owing to the rising oil and gas activities and the increased awareness among the end-users in regards with safety.

Global Industrial Control Transformer Market: Competitive Players

Some of the most important market players involved in the industrial control transformer market are ABB, Siemens, Schneider Electric, 8 Emerson Electric Co., Electric Hammond Power Solutions (HPS), Dongan Electric Manufacturing Co., Benchmarking, Eaton, GE, Hubbell, Rockwell Automation, Broadman Transformers, and MCI Transformers, among others.

Global Industrial Control Transformer Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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