Power Demand And Power Generation Capacities Is Expected To Provide Growth To Industrial Control Transformers Market

The recent study by Fact.MR on Industrial Control Transformers Market Demand offers a 10-year forecast. This Industrial Control Transformers market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Industrial Control Transformers also provides dynamics that are responsible for influencing the future Sales and Demand of Industrial Control Transformers market over the forecast period.

Introduction

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.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.

The thriving global power industry has been generating significant demand for industrial control transformers in applications such as electromagnetic devices, solenoids, and relays.

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Critical insights enclosed in the report:

  • In-depth assessment of the leading Key players Analysis in Industrial Control Transformers Market
  • The regional analysis of the different market segments and sub-segments
  • Recent mergers, acquisitions, collaborations, partnerships, and R&D activities.
  • SWOT analysis of the prominent players in the Industrial Control Transformers market
  • Y-o-Y revenue growth of Industrial Control Transformers market during the forecast period

The report covers following Industrial Control Transformers Market insights and assessment that are helpful for all participants involved in the Industrial Control Transformers market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Industrial Control Transformers
  • Latest industry Analysis on Industrial Control Transformers Market , with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Industrial Control Transformers market and changing consumer preferences in major industries.
  • Changing Industrial Control Transformers demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Industrial Control Transformers major players

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.

 

  • In February 2019, Siemens AG – a German multinational conglomerate company and a leading player in the industrial control transformers market – introduced its on-demand mobile resilience transformer leasing offering, allowing utility suppliers and owners to lease its PRETACT®Plug & Play GSU Resilience Transformer for emergency response. As the GSU resilience transformer can be installed in an extremely short time, the innovative leaving offering by Siemens can offer asset owners the opportunity to provide a more reliable and secure power supply by leasing this critical equipment locally for quick installation.

 

  • In January 2019, Electric Hammond Power Solutions (HPS) Inc. – a leading manufacturer of dry-type transformers in North America – announced the launch of an improved line of three phase encapsulated transformers—HPS Titan N, for industrial and harsh environments. The company also declared the improved features of HPS Titan N, including higher impedance, lower inrush current, improved thermal performance, and reduced equipment damage. In December 2018, the company declared its decision to discontinue and close its manufacturing facility in Marnate, Italy, due to mounting losses of the operation. The company announced that the decision to divest its Italian manufacturing facility was in line with its company strategy for 2019.

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Further, the Industrial Control Transformers market Survey report emphasizes the adoption pattern And Demand of Industrial Control Transformers Market across various industries.

Competitive Landscape Analysis On Industrial Control Transformers Market:

To provide decision-makers with credible insights on their competitive landscape, the Industrial Control Transformers industry research report includes detailed market competitive landscape analysis.

The competitive landscape analysis for Industrial Control Transformers Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players.

Leading Companies Profiled in the Industrial Control Transformers Market are:

A comprehensive estimate on Demand of Industrial Control Transformers market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Industrial Control Transformers market. Price point comparison by region with global average price is also considered in the study.

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.

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.

Industrial control transformers market regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Industrial Control Transformers Market – Segmentation

Based on the phase type analysis, the global industrial control transformer market is segmented into:

  • Single Phase
  • Three Phase

Based in the power rating analysis, the global industrial control transformer market is segmented into:

  • 25-500 VA
  • 500-1,000 VA
  • 1,000-1,500 VA
  • Above 1,500 VA

Based in the end-use industries, the global industrial control transformer market is segmented into:

  • Metal and Mining
  • Oil and Gas
  • Power Generation
  • Chemical
  • Others

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Key Question answered in the Survey of Industrial Control Transformers market Report By Fact.MR :

  • Industrial Control Transformers Company & brand share analysis: Company and brand share analysis on Industrial Control Transformers reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
  • Outlook of Industrial Control Transformers Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Industrial Control Transformers Market
  • Industrial Control Transformers Category & segment level analysis: Fact.MR’s Industrial Control Transformers market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify Industrial Control Transformers sales potential and set sales targets at local, country, and regional level.
  • Industrial Control Transformers Consumption by demographics: The outlook of Industrial Control Transformers market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
  • Post COVID consumer spending on Industrial Control Transformers market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
  • Manufacturing trend analysis of Industrial Control Transformers : Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
  • Industrial Control Transformers market Merger and acquisition activity: MR’s analysis also includes merger & acquisition activity analysis. Industrial Control Transformers manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share
  • Industrial Control Transformers demand by country: The report forecasts Industrial Control Transformers demand by country giving business leaders the Industrial Control Transformers insights to know fast-growing, stable, and mature markets

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.

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