DUBLIN--(BUSINESS WIRE)--The "Industrial Control Transformer Market by Phase (Single and Three), Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, and > 1,500 VA), End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The industrial control transformer market is projected to grow from USD 809.2 million in 2018 to USD 1,039.8 million by 2023, at a CAGR of 5.14%, from 2018 to 2023.
Increased usage of industrial control transformers across major industries, booming power sector and augmented power generation capacities worldwide, and need to reduce equipment failure caused by frequent voltage spikes are driving the industrial control transformer market across the world.
On the contrary, stagnant growth of the oil & gas industry; a slowdown in the mining industry in Asia Pacific, South America, and Africa; dependency of other devices for voltage regulation, and gray market providing low-quality & cheap substitute products could hinder the market growth to certain extent.
Asia Pacific is the fastest growing industrial control transformer market during the forecast period due to the need for power infrastructure construction, mostly in China and India along with a rising concern for safety in electrical equipment, the need for industrial control transformers has increased considerably to prevent the equipment from any accidents.
The leading players in the industrial control transformer market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), and Rockwell (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industrial Control Transformer Market, By Power Rating
7 Industrial Control Transformer Market, By Phase
8 Industrial Control Transformer Market, By End-User
9 Industrial Control Transformer Market, By Region
10 Competitive Landscape
11 Company Profiles
- Schneider Electric
- Emerson Electric Co.
- Rockwell Automation
- Electric Hammond Power Solutions (HPS)
- Broadman Transformers
- Dongan Electric Manufacturing Co.
- MCI Transformers
For more information about this report visit https://www.researchandmarkets.com/research/v87qvh/industrial?w=4