Global Industrial Control Transformer Market Is Likely to Witness Tremendous Growth by 2023: Key Players are MCI Transformers, Broadman Transformers, Rockwell Automation, Hubbell, Eaton, Siemens AG, Schneider Electric, Emerson Electric Co.

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.

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.

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Competitive Dashboard

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).

Global Industrial control transformer Market Segments Analysis

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

Global Industrial Control Transformer Regional Market Analysis

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.

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List of Tables

Table 1 Global Industrial Control Transformer Market: By Region, 2018–2023

Table 2 North America: Industrial Control Transformer Market: By Country, 2018–2023

Table 3 Europe Industrial Control Transformer Market: By Country, 2018–2023

Table 4 Asia-Pacific Industrial Control Transformer Market: By Country, 2018–2023

Table 5 Middle East & Africa Industrial Control Transformer Market: By Country, 2018–2023

Table 6 South America Industrial Control Transformer Market: By Country, 2018–2023

Table 7 Global Industrial Control Transformer Market, By Power Rating, By Regions, 2018–2023

Table 8 North America: Industrial Control Transformer Market, By Power Rating, By Country, 2018–2023

Table 9 Europe Industrial Control Transformer Market, By Power Rating, By Country, 2018–2023

Table 10 Asia-Pacific Industrial Control Transformer Market by Power Rating, By Country, 2018–2023

Table 11 Middle East & Africa Industrial Control Transformer Market by Power Rating, By Country, 2018–2023

Table 12 South America Industrial Control Transformer Market by Power Rating, By Country, 2018–2023

Table 13 Global Industrial Control Transformer Market, By Phase, By Regions, 2018–2023

Table 14 North America: Industrial Control Transformer Market by Phase: By Country, 2018–2023

Table 15 Europe Industrial Control Transformer Market by Phase: By Country, 2018–2023

Continued…..

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