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I AgreeAnalysis of Industrial Control Transformers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Industrial control transformers, also known as isolation transformation, have increased in popularity across a wide range of end-use industries, especially in the power generation industry.
The thriving global power industry has been generating significant demand for industrial control transformers in applications such as electromagnetic devices, solenoids, and relays.
Increasing power demand and installed power generation capacities across the world is expected to provide an impetus to the growth of the industrial control transformers market in the upcoming years.
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ABB, General Electric, Eaton Corporation Inc., Siemens, Emerson Electric Co., Dongan Electric Manufacturing Co., Hubbell, Schneider Electric, Electric Hammond Power Solutions (HPS), Broadman Transformers, Rockwell Automation, and MCI Transformers are among the key players in the industrial control transformers market.
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The demand for industrial control transformers has remained significantly high a wide range of end-use industries, as the need for stepped down voltage is an important aspect for the seamless working of machine tool control devices in isolating control circuits.
However, governing bodies across the world, such as ANSI, IEEE, and NEMA, have developed regulations and standards that industrial control transformer manufacturers need to comply with.
Manufacturers in the industrial control transformers market are adopting strategies to ensure the compliance with international as well as local standards to gain an edge in the market.
For instance, in April 2019, HPS launched a new line of industrial control transformers, including energy-efficient drive isolation transformers and low- and medium-voltage distribution transformers and, to meet the latest energy efficiency regulations— NRCan regulation SOR/2018-201—in Canada.
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With the increasing industrialization and recent growth in infrastructural developments in emerging countries in the Asia Pacific region, leading players in the industrial control transformers market are modifying their strategies to capitalize on the profitable sales opportunities in the region.
The power generation industry and the chemical industry has witnessed incremental growth in the Asia Pacific region, which is mainly attributed to the positive prospects of the industrial control transformers market in the region.
In addition, the favorable regulatory framework in the region is expected to contribute to the industrial growth, consequently, improving the sales potential for industrial control transformers in developing countries in the Asia Pacific region.
The industrial control transformers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report on industrial control transformers market provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with industrial control transformers market as per segments.
The report also maps the qualitative impact of various market factors on industrial control transformers market segments and geographies.
Based on the phase type analysis, the global industrial control transformer market is segmented into:
Based in the power rating analysis, the global industrial control transformer market is segmented into:
Based in the end-use industries, the global industrial control transformer market is segmented into:
The research report on industrial control transformers market presents a comprehensive assessment of the industrial control transformers market and contains thoughtful insights, facts, and 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 on industrial control transformers market provides analysis and information according to industrial control transformers market segments such as geographies, application and industry.
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The industrial control transformers market is expected to have a CAGR of 5% during the forecast period.
The industrial control transformers market is expected to rise due to the wide range of end-use industries.
The Asia Pacific provides most opportunities in the industrial control transformers market.