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.
The
global industrial control transformer market is projected to grow at a moderate
rate during the forecast period, mainly due to growing power sector and
increasing power generation capacities across the globe. For instance, 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.
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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.
Based
on end-user, the market is estimated into power generation, chemical, oil &
gas, and metal & mining, among others.
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Regional Outlook:
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.
Prominent 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).
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