Industrial Control Transformer Market Economic Impact, Development Strategy Top Key Players Review and Rapid Growth by Forecast to 2023| Industry Analysis Report Forecast to 2023

“Industrial control transformer Market Research Report- Forecast till 2023”
Global Industrial Control Transformer Market Research Report: Information by Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, & Above 1,500 VA), Phase (Single & Three Phase) End-User (Power Generation, Oil & Gas, Chemical), and Region – Forecast till 2023

Market Research Future published a half-cooked research report on global industrial control transformer. The Industrial control transformer is expected to expand at ~ 5.12% CAGR during the period 2018 to 2023.

Market Highlights

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.           

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Based on end-user, the market is estimated into power generation, chemical, oil & gas, and metal & mining, among others. The power generation segment is expected to be the fastest growing segment during the forecast period. Power generation sector, especially in emerging countries such as India and China are projected to contribute to the growth of the industrial control transformer. Moreover, 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.      

The global industrial control transformer market is expected to grow at 5.12% CAGR during the forecast period.

Market Research Analysis

Asia Pacific is estimated to be the fastest growing market for industrial control transformer.

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.

Scope of the Report

This report provides an in-depth analysis of the global industrial control transformer market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the industrial control transformer by its power rating, phase, end-user, and by region.

By Power Rating (Volt-Ampere)

25-500 VA

500-1000 VA

1000-1500 VA

Above 1500 VA

By Phase

Single Phase

Three Phase

By Regions

North America 

Asia-Pacific 

Europe

Middle East & Africa

South America

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Key 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).

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.   

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. Also, 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. 

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.

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.    

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

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