Press release
Industrial Control Transformers Market 2026, Increasing Demand with Leading key players MCI Transformers, Broadman Transformers, Rockwell Automation, Hubbell, Eaton, ABB, Siemens AG, Schneider Electric, Emerson Electric Co., Electric Hammond Power Solutio
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/industrial-control-transformers-market-101191
In its report, titled "Industrial Control Transformers Market Size, Share and Global Trend By Phase (Single, Three), By Power Rating (25-500 VA, 500-1000 VA, 1000-1500 VA, >1500 VA), By End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining) and Geography Forecast till 2026", Fortune Business Insights shares a comprehensive analysis of the different factors, trends, and dynamics that will shape the market in the stipulated period. Moreover, the report also contains a detailed evaluation of a vast array of companies that are operating in the market and their position with regard to the overall industry outlook.
Fortune Business Insights profiles some of the key players in this market:
o Eaton
o Foster Transformer Company
o Crompton Greaves Ltd.
o MCI Transformers
o ABB
o Rockwell Automation
o Emerson Electric Co.
o Siemens AG
o Toshiba
o Broadman Transformers
o Hammond Power Solutions
Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-control-transformers-market-101191
Escalating Global Energy Consumption to Accelerate Market Growth
Energy consumption all over the world is on the rise, especially in the developing countries of Asia-Pacific that are undergoing a phase of rapid urbanization and industrialization. This has led to a staggering upswing in the global demand for electricity. According to the US Energy Information Administration (EIA), between 2015 and 2040, world energy consumption is likely to increase by 28%. The EIA reports in its International Energy Outlook 2017 that China and India will account for nearly 60% of the overall increase in global energy consumption till 2040. This rise, fuelled by strong economic growth, will provide an upward thrust to the demand for industrial control transformers, as per industrial control transformers market forecast.
North America to Lead the Pack; Latin America to Offer Lucrative Prospects
North America is projected to dominate the global industrial control transformers market share till 2026. This is mainly because of high rate of technological progress and establishment of remote electricity networks in the region. Stringent emission norms and installation of smart transformer units will drive the market in Europe. In Asia-Pacific, rapid economic development, increasing incomes, and ever-increasing energy demand from India and China will mainly fuel the market. Latin America will present exciting growth prospects and business opportunities due to strong economic growth in Brazil and Argentina. Greater accessibility to credit and government-backed investment projects will further spur the industrial control transformers market in the region.
New Product Offerings by Prominent Players to Intensify Competition
Major players are increasing their investment in innovation to bring out novel products in a bid to diversify their product offerings. Besides this, many companies are also entering into strategic collaborations with other competitors and organizations to expand their reach in this market. These are touted to emerge as the prominent factors governing the industrial control transformers market trends.
Some of the key industry developments include:
o March 2019: ABB unveiled its next-generation power transformer called Ability Power Transformer (APT) which is equipped with an integrated digital intelligence and regulation capabilities.
o March 2019: Siemens AG and China-based United Heavy-duty Gas Turbine Company signed a technology exchange agreement on heavy-duty gas turbines.
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Major Table of Content For Industrial Control
Transformers Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Industrial Control Transformers Market Analysis, Insights and Forecast, 2026
6. North America Industrial Control Transformers Market Analysis, Insights and Forecast, 2026
7. Europe Industrial Control Transformers Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Industrial Control Transformers Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Industrial Control Transformers Market Analysis, Insights and Forecast, 2026
10. Latin America Industrial Control Transformers Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
Contact Us:
Fortune Business Insights Pvt. Ltd.
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Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
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Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM) we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Website: Fortune Business Insights
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