Global Industrial Control Transformer Market Size study, By Phase (Single Phase, Three Phase), By Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, Above 1,500 VA), By End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining, Others), and Regi

Global Industrial Control Transformer Market Size study, By Phase (Single Phase, Three Phase), By Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, Above 1,500 VA), By End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining, Others), and Regional Forecasts 2022-2028

Global Industrial Control Transformer Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.In essence, an industrial control transformer provides robust voltage regulation and a high level of secondary voltage stability in an overload situation. . The rise in energy consumption, growing usage of coal resources, coupled with the growing adoption of disruptive technologies are the chief factors impelling the market demand across the world. For instance, as per Statista, in 2018, the total consumption of coal globally accounted for 159.54 exajoules and it is continuously increasing and reached 160.1 exajoules by 2021. Therefore, the rising use of coal resources is propelling the demand for industrial control transformers, which is accelerating the market growth in the approaching years. However, changing customer preference toward DC power supply and concerns associated with the heavy losses due to voltage spikes impede the growth of the market over the forecast period of 2022-2028. Also, the growth in the manufacturing sector and surging demand for chemicals and petrochemicals are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Industrial Control Transformer Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing investments in the development of long-distance electricity networks and rising investments in emerging technologies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the surging demand for electricity, as well as increasing number of infrastructural development projects, would create lucrative growth prospects for the Industrial Control Transformer Market across the Asia-Pacific region.

Major market players included in this report are:
ABB
Schneider Electric
General Electric Company (GE)
Eaton Corporation
Siemens
Hubbell Incorporated
Rockwell Automation, Inc.
Broadman Transformers
Dongan Electric Manufacturing Company
Foster Transformer Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Phase:
Single Phase
Three Phase
By Power Rating:
25-500 VA
500-1,000 VA
1,000-1,500 VA
Above 1,500 VA
By End-User:
Power Generation
Oil & Gas
Chemical
Metal & Mining
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Industrial Control Transformer Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

ABB
Schneider Electric
General Electric Company (GE)
Eaton Corporation
Siemens
Hubbell Incorporated
Rockwell Automation, Inc.
Broadman Transformers
Dongan Electric Manufacturing Company
Foster Transformer Company

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.