Thursday, 21 February 2019

Industrial Control Transformer Market 2019: Global Overview, Emerging Technologies, Key Players, Trends by Forecast 2023 | MRFR


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.


Prominent Players Analysis:
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).


Segmental Analysis:
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. 

Regional 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.


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