Industrial Control Transformers Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2028

Albany, US, 2019-Oct-07 — /EPR Network/ —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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Industrial Control Transformers Market – Notable Developments

  • In November 2018, ABB – a Swiss-Swedish multinational corporation headquartered in Zurich – announced that it has launched a new dry-type digital transformer – ABB AbilityTM TXpertTM Dry, expanding its portfolio in the industrial control transformers market. The company also declared that the new industrial transformer is designed to work without oil and incorporated digital capabilities with smart sensors to collect data and derive automated analysis on lifecycle assessment, self-supervision, and power quality monitoring. With the launch of the new industrial transformer, the company aims to push technological boundaries and advance in the industrial control transformers market with reliable, efficient, and safer solutions.
  • In April 2019, Eaton Corporation Inc. – an American multinational power management company – announced that it has acquired Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S. – a Turkish manufacturer of industrial transformers and medium voltage electrical equipment – with over 82% controlling interest. With this acquisition, Eaton aims to strengthen its position in the industrial control transformers market by adding Ulusoy Elektrik’s product portfolio, which includes medium-voltage distribution transformers, medium-voltage cable connection systems, substation kiosks, and medium-voltage switchgear.

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.

Mandatory Compliance with International Standards Influences Manufacturing Strategies

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.

Manufacturers Eye Lucrative Growth Opportunities in the Asia Pacific Region

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 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.

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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Industrial Control Transformers Market – Notable Developments

  • In November 2018, ABB – a Swiss-Swedish multinational corporation headquartered in Zurich – announced that it has launched a new dry-type digital transformer – ABB AbilityTM TXpertTM Dry, expanding its portfolio in the industrial control transformers market. The company also declared that the new industrial transformer is designed to work without oil and incorporated digital capabilities with smart sensors to collect data and derive automated analysis on lifecycle assessment, self-supervision, and power quality monitoring. With the launch of the new industrial transformer, the company aims to push technological boundaries and advance in the industrial control transformers market with reliable, efficient, and safer solutions.
  • In April 2019, Eaton Corporation Inc. – an American multinational power management company – announced that it has acquired Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S. – a Turkish manufacturer of industrial transformers and medium voltage electrical equipment – with over 82% controlling interest. With this acquisition, Eaton aims to strengthen its position in the industrial control transformers market by adding Ulusoy Elektrik’s product portfolio, which includes medium-voltage distribution transformers, medium-voltage cable connection systems, substation kiosks, and medium-voltage switchgear.

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.

Mandatory Compliance with International Standards Influences Manufacturing Strategies

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.

Manufacturers Eye Lucrative Growth Opportunities in the Asia Pacific Region

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 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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