Thursday, 25 April 2019

Industrial Control Transformer Market Growth Estimation, Industry Demand, Latest Development, Business Strategies and Fast Forward Research 2023


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.


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.


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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