Global Industrial Control Transformer Market Share Analysis, 2027

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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
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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/M
arket-Reports/industrial-control-transformer-marke
t-96246259.html
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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.markets
andmarkets.com/Enquiry_Before_BuyingNew.asp?id962
46259

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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.

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Browse gtgt 149 market data
tables 57 figures
233 pages and 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 US8150 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.
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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 regions
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 _at_ https//www.marketsandmarkets.com/speakt
oanalystNew.asp?id96246259
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• 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/Purc
  hase/purchase_reportNew.asp?id96246259

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