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.
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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).
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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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