1,500 VA), End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining), and Reg"> 1,500 VA), End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining), and Reg">
Energy Industry News
Home | Energy News | Submit Press Release | About Us


Free Utility & Energy Magazines
Press release distribution service

Energy Media
AltEnergyMag
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
EUROPA
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
NPR
Oil & Gas Investor
Oil Price
Platt
PennEnergy
Reuters
RechargeNews
Resilience
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Energy Industry News Releases

Industrial Control Transformer Market is Booming – Gaining Revolution in Eyes of Global Exposure

 



(EnergyIndustry.Net, November 30, 2021 ) According to the new market research report "Industrial Control Transformer Market by Phase (Single and Three), Power Rating (25–500 VA, 500–1,000 VA, 1,000–1,500 VA, and > 1,500 VA), End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining), and Region - Global Forecast to 2023", The industrial control transformer market is expected to grow from an estimated USD 809.2 Million in 2018 to USD 1,039.8 Million by 2023, at a CAGR of 5.14%. The positive growth rate of this market can be attributed to increased usage of industrial control transformers across major industries, booming power sector and augmented power generation capacities worldwide, and need to reduce equipment failure caused by frequent voltage spikes.



Browse 62 market data Tables and 36 Figures spread through 127 Pages and in-depth TOC on "Industrial Control Transformer Market - Global Forecast to 2023"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96246259

The three-phase segment is expected to hold the largest share of the industrial control transformer market during the forecast period

Three-phase industrial control transformers are mostly used in heavy industrial applications as it can easily carry high power for the operations. Also, the three-phase power transmission requires less copper and aluminum, as compared to single-phase, to transfer a certain amount of power. It is the most economical way of power transmission. Therefore, three-phase industrial control transformer segment is expected to have the largest market size during the forecast period.

The above 1,500 VA power rating industrial control transformers are expected to grow at a high rate during the forecast period

Industrial control transformers installed in above 1,500 VA find application in oil & gas and power generation industries in various power equipment such as drafts fans, compressors pumps, and drillers. In oil & gas industries, this equipment works on critical load requirement and need to be regulated accurately because, in case of voltage inconsistencies, there is a substantial chance of explosions and is thus expected to drive the industrial control transformer market till the forecast period.

Ask Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=96246259

Asia Pacific is expected to dominate the industrial control transformer market during the forecast period

In this report, the industrial control transformer market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to hold the largest share of this market during the forecast period due to industrialization and infrastructural developments majorly in China and India.

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 players include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), and Rockwell (US).


MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Renewable Energy News




Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC