Press release
Isolation Transformer Market: Growth, Demand and Key Players to 2025
Isolation Transformer Market: Market DynamicsRising use of sensitive equipment such as computers and awareness among people about the necessity for reliable power quality lead to an increase in demand for permanent electrical solutions. Also, the increasing implementation of microprocessor based components in automotive, medical equipment, electronics equipment and different industries will influence the market positively. The enactment of energy-efficiency norms and standards in many countries has bolstered the demand for isolation transformers to an extent. The expected growth in automotive industry, electrical industry and electronics industry will in turn drive the growth of global isolation transformer market.
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However, the commodity nature of the product influences the price, leading to less revenue generation and the presence of alternatives such as UPS are projected to restrain the isolation transformer market to a certain extent.
Isolation Transformer Market: Market Segmentation
Global Isolation Transformer market can be segmented on the basis of end-use industry as: Healthcare industry, Consumer electronics, Aerospace industry, Automobile industry, Others. Global Isolation Transformer market can be segmented on the basis of construction type as: Single-Phase Isolation Transformer Market, Three-Phase Isolation Transformer Market.
Global Isolation Transformer market can be segmented on the basis of application as: Industrial control circuit purpose, Instrumentation supply. Global Isolation Transformer market can be segmented on the basis of function as: Step-up transformer, Step-down transformer. Global Isolation Transformer market can be segmented on the basis of number of electrostatic shields as: Single electrostatic shield, Double electrostatic shield, Triple electrostatic shield.
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Isolation Transformer Market: Regional Outlook
Asia Pacific holds a major share of the global Isolation Transformer market, followed by North America and Europe. The rising number of electricity consuming sectors in Asia Pacific is the key driving factor for the growth of isolation transformer market in the region. Rapid urbanization and industrialization in countries such as China, India, Australia and Thailand have also bolstered the demand for isolation transformers. Whereas, federal initiatives to develop more efficient power sectors and the existence of numerous related industries make North America a major consumer of the isolation transformer.
Isolation Transformer Market: Market Participants
Some of the examples of market participants in the global Isolation Transformer market, identified across the value chain are: Johnson Electric Coil Company, Airlink Transformers Australia, Thomas & Betts Limited, NORATEL, RBaker, ABB, Lundahl Transformers, ATL Transformers Ltd, MCI Transformer.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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