Industrial Control Transformer Market Size, Recent Trends, Share, Industry Growth, Sales Revenue, Demand and Regional Analysis by Forecast to 2023

Industrial Control Transformer Market is expected to witness a moderate growth owing to growing power sector and increasing power generation capacities across the globe. The global industrial control transformer market size to grow at 5.12% CAGR during 2018 to 2023.

Pune, India - May 14, 2019 /MarketersMedia/ —

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. 

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. 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.

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Competitive Dashboard:

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)

Segmental Overview

Global industrial control transformer market 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.   

Based on Power Rating, the industry has been segmented as 25-500 VA, 500-1,000 VA, 1,000-1,500 VA, & Above 1,500 VA.

Based on End-User, the market has been segmented as power generation, oil & gas, chemical.

Based on region, the global industrial control transformer market cover growth opportunities and latest trends across North America, Europe, Asia Pacific and the Middle East and Africa.

Geographic Analysis

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.

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

Continue…

LIST OF TABLES

Table 1 Global Industrial Control Transformer Market: By Region, 2018–2023

Table 2 North America: Industrial Control Transformer Market: By Country, 2018–2023

Table 3 Europe Industrial Control Transformer Market: By Country, 2018–2023

Table 4 Asia-Pacific Industrial Control Transformer Market: By Country, 2018–2023

Table 5 Middle East & Africa Industrial Control Transformer Market: By Country, 2018–2023

Table 6 South America Industrial Control Transformer Market: By Country, 2018–2023

Table 7 Global Industrial Control Transformer Market, By Power Rating, By Regions, 2018–2023

Continued…

LIST OF FIGURES

Figure 1 Research Process Of MRFR

Figure 2 Top-Down & Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Continued…

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