Global Industrial Control Transformers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Control Transformers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A control transformer, (also known as an industrial control transformer, or a control power transformer, or even a machine tool transformer), is essentially an isolation transformer that provides excellent voltage regulation.

Market Overview:

The latest research study on the global Industrial Control Transformers market finds that the global Industrial Control Transformers market reached a value of USD 3285.2 million in 2022. It’s expected that the market will achieve USD 4317.62 million by 2028, exhibiting a CAGR of 4.66% during the forecast period.

Limitations of Industrial Automation

Less versatility – by having a machine that can perform a certain task limits to the flexibility and variety of tasks that an employee could do.

More pollution – different types of machines operate using motor which may require gases or chemicals in order to operate. This can cause an increase in pollution in the workplace.

Large initial investment – automated machines can be one of the most costly operating costs for a company. With automated machines running anywhere between thousands and millions of dollars depending on the type and degree of automation.

Increase in unemployment – by increasing the amount of automation, there are less employees required causing high unemployment rates.

Unpredictable costs – there can be several unpredictable costs that may exceed the actual cost saved by the automation itself. Some of these costs could include research and development costs of automating a process, preventative maintenance costs, and the cost of training employees to operate automated machines.

Opportunities

The pressing need to ensure uniformity in manufactured goods by various industries has been driving the global industrial control for process manufacturing market. Large number of industries such as healthcare, chemicals, oil and gas, power, textiles, and food and beverages have been deploying industrial control for process manufacturing technologies to ensure safety in complex manufacturing processes as well. The growth of manufacturing activities in the developing regions such as India and China have given this market a much-needed impetus. The growing demand for consistent products in terms of both quality and quantity has also propelled the adoption of technologies used in the global market such as supervisory control and data acquisition (SCADA), manufacturing execution systems (MES), programmable logic (controller), and distributed control systems (DCS).

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

ABB is one of the major players operating in the Industrial Control Transformers market, holding a share of 15.71% in 2022.

ABB

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide.

Siemens AG

Siemens Power Generation gmbh offers power and energy solutions to companies in the energy and electricity industry. The company develops and builds fossil fuel power plants and power-generating components, as well as offers gas turbines, steam turbines, generators, gas turbine packages, steam turbine packages, compressors, fans, instrumentation and controls, electrical systems, wind turbines, fuel cells, fuel gasifies, turbochargers, and environmental systems.

Segmentation Overview:

By type, 240-480V segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Manufacturing Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Industrial Control Transformers market covered in Chapter 3:

Staco Energy
Emerson
Foster Transformer Company
SNC Manufacturing Co.,Ltd
Rockwell
Honeywell
Schneider
Siemens
Eaton
Hubbell
GE
ABB

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Control Transformers market from 2018 to 2029 is primarily split into:
<120 V
120-240 V
240-480V
> 480 V

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Control Transformers market from 2018 to 2029 covers:

Manufacturing Industry
Processing Industry
HVAC
Power Plant
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)