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Global Industrial Control Transformer Market Share Analysis, 2027

[233 Pages Report] The global industrial control transformer market is projected to reach USD 1.2 billion by 2027 from an estimated USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption is a key driver for the market growth. Also, booming chemical industry to drive the demand for industrial control transformer in the near future.

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Global Industrial Control Transformer Market Share Analysis, 2027

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  1. Industrial Control Transformer Market by Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, above 1,500 VA), Primary Voltage (Up to 120 V, 121 - 240 V, above 240 V), Frequency (50 Hz and 60 Hz), Phase, End User and Region - Global Forecast to 2027 www.MarketsandMarkets.com

  2. The global industrial control transformer market size will grow to USD 1.2 billion by 2027 from USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption across industries, increasing usage of industrial control transformers in major industries, hence these are driving the demand of industrial control transformer globally. Moreover, growing manufacturing industry and booming chemical industry also creating demand for industrial control transformers. View detailed Table of Content here –https://www.marketsandmarkets.com/Market-Reports/industrial-control-transformer-market-96246259.html

  3. The three-phase segment is expected to dominate the industrial control transformer market, by phase, during the forecast period. Three phase transformers have three sets of primary and secondary windings. They are employed in three phase motors for large industrial applications because of their high power capability. These transformers enable the smooth operations of heavy equipment. These transformers are used in the chemical, power, and other industrial and mining sectors to power a range of general machinery, including compressors, pumps, crushers, cutting tools, and other mechanical equipment. Compared to single phase industrial control transformers, three phase industrial control transformers are more effective in controlling the power for high industrial loads. Therefore, demand for industrial control transformer in three phase segment is increasing. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=96246259

  4. The above 1,500 VA segment is expected to be the largest market, by power rating, during the forecast period.  Above 1,500 VA power rating transformers are majorly used in the oil & gas and power generation sectors. Equipment, such as draft fans, compressors pumps, and drillers are required in the power generation industry. These equipment need to operate at a uniform voltage based on the requirement. Pumps are used in the oil & gas industry to extract fluid from underneath the ground and are required to sustain harsh environments. The pumping operations need to be regulated accurately, as any voltage inconsistencies can lead to an explosion. above 1,500 VA industrial control transformers ensure smooth and safe operations of equipment across industries, which is fueling the growth of the 1,500 VA segment. The rise in the new oil & gas exploration operations, the introduction of methods for enhanced oil recovery, and the need to replace aging infrastructure in power plants are the key factors expected to drive the growth of the above 1,500 VA segment.

  5. Browse >> 149market data tables 57 figures 233 pagesand in-depth TOC on “Industrial Control Transformer Market - Global Forecast to 2027” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. Asia Pacific likely to emerge as the largest industrial control transformer market The Asia Pacific region accounted for the largest share of the industrial control transformer market in 2021. The region is experiencing rapid development fueled by the growth of major economies, such as China, India, South Korea, Japan, Indonesia, and Australia. According to the International Monetary Fund (IMF), the region’s economy grew by 6.5% in FY2021 and is expected to increase by 5.7% in FY2022. Electricity generation is perceived as an essential service and was hence less affected by the coronavirus pandemic in 2020. The increased demand for power in Asia is driven by China and India. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=96246259

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Industrial Control Transformer Market. These include • ABB (Switzerland), • Schneider Electric (France), • Siemens (Germany), • Eaton (Ireland), • General Electric (US), • Hubbell (US), • Rockwell Automation Inc., (US), • Broadman Transformers (UK) among others... • Buy Now : - https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=96246259

  8. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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