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Global Industrial Control Transformer Market Report: Overview with Product Scope, Opportunities Risk, Market Driving Forecast 2023

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Global Industrial Control Transformer Market Research Report: Information by Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, & Above 1,500 VA), Phase (Single & Three Phase) End-User (Power Generation, Oil & Gas, Chemical), and Region – Forecast till 2023

— Market Research Future published a half-cooked research report on global industrial control transformer. The Industrial control transformer is expected to expand at ~ 5.12% CAGR during the period 2018 to 2023.

Market Highlights

Industrial control transformer, also known as isolation transformer provides significant voltage regulation. It is designed in order to produce high level of secondary voltage stability during brief periods of overload condition. These transformers are mainly designed for industrial applications where electromagnetic devices such as relays and solenoids are used. Hence, industrial control transformer is used to maximize inrush capability and outage voltage regulation when electromagnetic devices are initially energized.

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Based on end-user, the market is estimated into power generation, chemical, oil & gas, and metal & mining, among others. The power generation segment is expected to be the fastest growing segment during the forecast period. Power generation sector, especially in emerging countries such as India and China are projected to contribute to the growth of the industrial control transformer. Moreover, 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.

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

Market Research Analysis
Asia Pacific is estimated to be the fastest growing market for industrial control transformer.
Region wise, Asia Pacific held the largest market share of the global industrial control transformer market in 2017. It is also estimated that Asia-Pacific region would also be the fastest growing market during the forecast period. 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.

Scope of the Report
This report provides an in-depth analysis of the global industrial control transformer market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the industrial control transformer by its power rating, phase, end-user, and by region.

By Power Rating (Volt-Ampere)
25-500 VA
500-1000 VA
1000-1500 VA
Above 1500 VA

By Phase
Single Phase
Three Phase

By Regions
North America
Asia-Pacific
Europe
Middle East & Africa
South America

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Key Players
The key players of the global Industrial control transformer 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).

TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. MARKET INTRODUCTION
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
3. RESEARCH METHODOLOGY
3.1. PRIMARY RESEARCH
3.2. SECONDARY RESEARCH
3.3. MARKET SIZE ESTIMATION
3.4. FORECAST MODEL
3.5. LIST OF ASSUMPTIONS
4. MARKET DYNAMICS
4.1. DRIVERS
4.1.1. GROWING POWER SECTOR AND SIGNIFICANT POWER GENERATION CAPACITIES ACROSS THE GLOBE
4.1.2. INCREASED IMPLEMENTATION OF INDUSTRIAL CONTROL TRANSFORMERS ACROSS INDUSTRIES
4.1.3. NEED TO REDUCE EQUIPMENT FAILURE CAUSED BY FREQUENT VOLTAGE SPIKES
4.2. RESTRAINTS
4.2.1. STAGNANT GROWTH OF MINING INDUSTRY IN ASIA-PACIFIC, SOUTH AMERICA, AND AFRICA
4.3. OPPORTUNITIES
4.3.1. AGEING POWER INFRASTRUCTURE
4.3.2. CHANGING TRENDS IN MIDDLE EAST MANUFACTURING SECTOR
4.4. PORTER’S FIVE FORCES ANALYSIS
4.4.1. THREAT OF NEW ENTRANTS
4.4.2. BARGAINING POWER OF BUYERS
4.4.3. BARGAINING POWER OF SUPPLIERS
4.4.4. THREAT OF SUBSTITUTES
4.4.5. INTENSITY OF RIVALRY
4.5. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
5. GLOBAL INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING (VOLT-AMPERE)
5.1. INTRODUCTION
5.2. 25-500 VA
5.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.3. 500-1,000 VA
5.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.4. 1,000-1,500 VA
5.4.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.4.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.5. ABOVE 1,500 VA
5.5.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.5.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023

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Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/industrial-control-transformer-market-7025

Source URL: https://marketersmedia.com/global-industrial-control-transformer-market-report-overview-with-product-scope-opportunities-risk-market-driving-forecast-2023/473171

Source: MarketersMedia

Release ID: 473171

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