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
[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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COVID-19 Impact
The outbreak of the COVID-19 pandemic has had an adverse effect on the global economy as the governments were forced to implement lockdown measures to prevent the spread of the virus. The effects of the COVID-19 pandemic, including actions taken by businesses and governments to contain the spread of the virus, resulted in a significant decline in manufacturing and industrial activity, impacting the industrial control transformer market directly, as it is primarily employed in such industries and manufacturing units.
The pandemic was a big disruptor that has created challenges but also opportunities for the sector. The impact of COVID-19 has also highlighted the need for better risk management and greater preparedness, and resilience. Industrial control transformer manufacturers such as Siemens had and continue to face number of supply chain constraints, especially in the areas of base metals (copper, aluminum, steel), plastics, semiconductors, and transportation services. Similarly, for ABB, the pandemic impacted workforce and operations because of quarantines, government orders and guidance, facility closures, illness, travel restrictions, implementation of precautionary measures and other restrictions. For the entire year 2020, ABB’s orders declined by 7 % to USD 26.5 billion, and revenues were down by 7%. The resurgence of new variants of COVID-19 and the uncertainties associated with it may lead to suppliers failing to meet their manufacturing needs in the future and may delay the companies’ production and product shipments, negatively affecting overall operations. Progress in the COVID-19 vaccination programs and the lifting of travel restrictions, however, have resulted in the gradual recovery of the global industrial sector and accelerated the demand for industrial control transformer
Industrial Control Transformer Market Dynamics
Driver: Rising energy consumption across industries
The demand for energy has been gradually increasing, due to increase in energy consumption. According to the IEA, in 2019, world total electricity final consumption reached 22,848 TWh, up by 1.7% from 2018. In 2019, Organization for Economic Co-operation and Development (OECD) countries’ total electricity final consumption was 9,672 TWh, 1.1% lower than in 2018, while final electricity consumption in non-OECD countries was 13,976 TWh, an increase of 3.8% from 2018.The growing demand for electricity worldwide has led to the electricity trade between countries. In the OECD countries, electricity imports grew from 89 TWh in 1974 to 496 TWh in 2020, representing an average annual growth of 3.8%, compared to the 1.9% growth in overall electricity supply. Major trades in electricity occurs in OECD Europe, where electricity imports grew at an average annual growth of 3.9% between 1974 and 2020.
Total annual energy investment is expected to reach USD 5 trillion by 2030 which will add an extra 0.4% per year to annual global GDP growth, based on a joint analysis with the International Monetary Fund (IMF). With projected investments in clean energy and energy infrastructure to more than triple by 2030, this increase brings significant economic benefits as the world emerges from the COVID-19 crisis. The jump in private and government spendings created millions of jobs in clean energy, engineering, manufacturing, and construction industries. Based on current trends all this will make the global GDP 4% higher in 2030 than it would be. This can drive the market for energy management systems worldwide towards clean energy and energy efficiency. This would increase the demand for such technologies. Therefore, increasing energy consumption to drive demand for industrial control transformer.
Restraints: Shifting customer focus on DC power supplies
Direct Current (DC) electric power is an emerging disruptive technology that has the potential to stimulate economic growth, inspire innovation, increase research and development opportunities, and simultaneously help in environmental sustainability. DC technology and applications offer the promise of enhanced energy efficiency, improved power quality and reliability, and provides inherent alignment with renewable and clean energy development. DC motors and appliances offer superior efficiency and power to size characteristics than AC motors, which significantly saves energy.
According to COP 26 there is need to reduce 3x more CO2 emissions by 2030, hence all the industries must change the way energy is sourced by shifting to renewables and low carbon supply. A sustainable world is a more digital and electric world. Renewable energy sources like solar and wind are naturally compatible with DC. These renewable energy sources produce irregular electricity (when the sun shines or the wind blows), requiring energy storage (batteries) to ensure a steady supply as well as it requires a power conversion interface to the grid. Batteries and solar PV are also fundamentally DC energy sources, making DC a more mechanically suitable interface. . Most energy storage technologies are DC-based, which offers prospects for increased efficiencies and decreased operational losses (mainly in the form of battery technologies). DC power is used to operate electronic devices. When AC power is converted to DC power, there is a loss between 5% and 20%. A rising need for DC power results from our growing reliance on electronic devices. Eliminating these AC to DC conversion losses will become even more crucial to encourage the switch to DC power and call for advancements in new power conversion technologies. Today the businesses at the "apex of the pyramid," who run server farms and data centers, are also the biggest new consumers of electricity. Examples of these businesses include Google, Apple, Visa, and others. Electronic circuits need DC power. In order to guarantee 24/7 electricity availability with no downtime and to increase supply efficiency, new advances in DC applications are spurring investment in local DC power generation.
Opportunities: Booming chemical and petrochemical industry
Industrial control transformers are renowned for their attributes, such as durable design, superior performance, low maintenance requirements, and so forth. Owing to these beneficial features, these transformers are used in industrial applications such as relays, timers, solenoids, contactors, motor starter buttons, industrial starter circuits, control room push buttons, machine tool control devices, OEM electrical equipment, AC motor starter coils, industrial machinery indicator lamps, electrical distribution systems. The chemical industry is an energy intensive industry and requires high and constant power supply for production of various chemicals. This creates demand for industrial control transformer as they are typically utilized in electrical circuits with minimal power requirements or low volt-amp ratings that demand constant voltage or constant current. According to BASF report 2021, Global chemical production (excluding pharmaceuticals) is expected to grow by 3.5% in 2022, , higher than the average for the years preceding the COVID-19. For instance, in the US, chemical production forecast is significantly stronger in 2022 which is 4.5% compared to 1.8% in 2021, following the production halts brought on by poor weather conditions in the previous year.
The automotive and electronics sectors in Japan will offer the most powerful growth stimulus in 2022 with 2.5% growth rate. Chemical production in South America will presumably grow at around the same rate as the economy in 2022 with1.5 % growth rate. This will be primarily driven by the significant recovery in automotive production and continued moderate growth in demand from agriculture and the raw materials sector. Therefore, growing chemical industry across the regions will drive demand for industrial control transformer in future
Challenges: Decrease in coal mining activity
Industrial control transformer are critical pieces of mining equipment and are always deployed in various mining locations around the globe. In metals & mining, these transformers are used in rolling mills, hoists, blowers, and processing lines. The coal mining industry, however, is experiencing a decline due to stringent emission regulations and global decarbonization targets. Coal is highly polluting and many of the advanced economies around the world are cutting down on their consumption of coal to comply with the emission regulations. According to the International Energy Agency, coal production is estimated to reduce by 77 MT in the US, and by 102 MT in the European Union by 2024. The power sector in these regions is slowly experiencing growth in electricity demand and rapid expansion of renewable power sources like wind, and solar PV. Countries are also switching towards utilizing gas instead of coal for power generation as it is less carbon intensive. These factors may lead to a rapid decline in the demand for coal, which may put a brake on coal mining activity. Hence, as a result the demand for industrial control transformer in the coal mining industry may suffer negatively
Market Map
By Primary Voltage, the need for control systems in the commercial sector expected to drive the market for industrial control transformer.
Industrial control transformers in the 120 V range are commonly installed in control panels in small workspaces where there is a requirement for low voltages. The need for safe and smooth operations in industrial sector like power generation, manufacturing and food & beverages industry is fuelling the growth of the 120 V industrial control transformer market. Hence, the market size of 120 V is relatively large.
By Frequency, government regulations and standards pertaining to power supply frequency driving the 50 Hz industrial power control transformer market.
The 50 Hz power control transformers are being used in motor starters, contactors, solenoids, timer circuits, relays, and control panels in various industrial equipment. Factors, such as power supply regulations and the requirement for power control transformers in various equipment across industries are fuelling the growth of the 50 Hz industrial control transformer market.
By End User, chemical segment is expected to be the fastest growing segment during 2022-2027.
Industrial power control transformers are used to control motors and pumps in the chemical industry to transport the fluids or semi-fluids in a manufacturing plant. According to a report by BASF in 2021, global chemical production (excluding pharmaceuticals) is expected to grow by 3.5% in 2022. Such global chemical trends are likely to increase the sales of industrial control transformers that are used in various applications such as ammonia synthesis, plastics, and so on. As per the report from the European chemical industry, the chemical industry in China accounted for the highest sale of around USD 1,547 billion in 2022. These developments in the chemical industry are expected to create new revenue pockets for the manufacturers of industrial control transformers.
Asia Pacific is expected to lead the industrial control transformer market globally, by value and volume, during the forecast period.
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. However, the COVID-19 pandemic caused an economic decline of about 1.5% in 2020. The major end users of industrial control transformers include industrial sectors, such as power generation, oil & gas, chemical & petrochemical, and others. 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. In a report by the International Energy Agency (IEA), demand for electricity in the Asia Pacific region is expected to have grown by 8% in 2021, from a low of 2% in 2020.
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. However, the COVID-19 pandemic caused an economic decline of about 1.5% in 2020. The major end users of industrial control transformers include industrial sectors, such as power generation, oil & gas, chemical & petrochemical, and others. 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. In a report by the International Energy Agency, demand for electricity in the Asia Pacific region is expected to have grown by 8% in 2021, from a low of 2% in 2020.
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Key Market Players
The major players in the global industrial control transformer market are ABB (Switzerland), Schneider Electric (France), General Electric (US), Eaton (Ireland), Siemens (France), Hubbell (US), Rockwell Automation, Inc. (US), Broadman Transformers (UK), Dongan Electric Company (US) and others.
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Scope of the Report
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|
Report Metric |
Details |
|
Market Size available for years |
2020–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Phase, Power Rating, Primary Voltage, Frequency, and End User |
|
Geographies covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies covered |
ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), General Electric (US), Hubbell (US), Rockwell Automation, Inc. (US), Broadman Transformers (UK), Dogan Electric Company (US), MCI Transformer Corporation (US), SNC Manufacturing Co.,Inc. (US), Foster Transformer Company (US), TEMCo Industrial (US), Controlled Magnetics, Inc. (US), Micron (US), Grant Transformers (Australia), Troytrans (Spain), RECO Transformers Pvt. Ltd. (India), Trutech products (India), and others |
This research report categorizes the industrial control transformer market based on phase, power rating, primary voltage, frequency, end user, and region.
Based on Phase, the industrial control transformer market has been segmented as follows:
- Single Phase
- Three Phase
Based on Power Rating, the industrial control transformer market has been segmented as follows:
- 25-500 VA
- 500-1,000 VA
- 1,000-1,500 VA
- Above 1,500 VA
Based on Primary Voltage, the industrial control transformer market has been segmented as follows:
- Upto 120 V
- 121-240 V
- Above 240 V
Based on Frequency, the industrial control transformer market has been segmented as follows:
- 50 Hz
- 60 Hz
Based on End User, the industrial control transformer market has been segmented as follows:
- Power Generation
- Oil & Gas
- Chemical
- Metal & Mining
- Others
Based on Region, the industrial control transformer market has been segmented as follows:
- North America
- Asia Pacific
- South America
- Europe
- Middle East & Africa
Recent Developments
- In January 2022, Eaton acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicles, energy management, industrial, and mobility markets.
- In June 2021, GE-Prolec Transformers, Inc., a subsidiary of a 50/50 joint venture between GE, and Xignux, a Mexico-based private company, signed a definitive agreement with SPX Corporation to acquire its SPX Transformer Solutions business (SPXT) for USD 645 million. The acquisition is expected to enhance the position of GE-Prolec as a key distribution and power transformer supplier providing customers with a wider choice of products and an enhanced next-generation portfolio.
- In February 2019, Siemens AG, a leading player in the industrial control transformers market, introduced its on-demand mobile resilience transformer leasing offer, enabling 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 offering by Siemens can provide asset owners the opportunity to provide a more reliable and secure power supply by leasing this critical equipment locally for quick installation.
Frequently Asked Questions (FAQs):
What is the current size of the global industrial control transformer market?
The current market size of global industrial control transformer market is USD 0.8 billion in 2021.
What are the major drivers for industrial control transformer market?
Increasing energy consumption across industries and increased usage of industrial control transformers across major industries are drivers for the industrial control transformer market.
Which is the fastest-growing region during the forecasted period in the industrial control transformer market?
Asia Pacific is the fastest-growing region and its growth is driven by the growth of the upto 120 V primary voltage of industrial control transformer.
Which is the largest segment, by end user, during the forecasted period in industrial control transformer market?
The metal & mining segment held the largest share of industrial control transformer market, by end user, during the forecast period.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE
1.3.2 MARKET, BY POWER RATING
1.3.3 MARKET, BY PRIMARY VOLTAGE
1.3.4 MARKET, BY FREQUENCY
1.3.5 MARKET, BY END USER
1.3.6 MARKET, BY REGION
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 36)
2.1 RESEARCH DATA
FIGURE 1 MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.2 KEY DATA FROM SECONDARY SOURCES
2.2.3 PRIMARY DATA
2.2.4 KEY DATA FROM PRIMARY SOURCES
2.2.4.1 Interviews with experts/primary sources
2.2.4.2 Key data from primary sources
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR INDUSTRIAL CONTROL TRANSFORMER
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.4 REGIONAL ANALYSIS
2.3.5 COUNTRY ANALYSIS
2.3.5.1 Demand-side assumptions
2.3.5.2 Demand-side calculations
2.3.6 SUPPLY-SIDE ANALYSIS
FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF INDUSTRIAL CONTROL TRANSFORMER
FIGURE 8 MARKET: SUPPLY-SIDE ANALYSIS
2.3.6.1 Supply-side calculations
2.3.6.2 Supply-side assumptions
2.3.7 FORECASTS
3 EXECUTIVE SUMMARY (Page No. - 48)
TABLE 1 MARKET SNAPSHOT
FIGURE 9 ASIA PACIFIC DOMINATED MARKET IN 2021
FIGURE 10 THREE PHASE TO BE A LARGER SEGMENT BETWEEN 2022 AND 2027
FIGURE 11 ABOVE 1,500 VA SEGMENT TO LEAD MARKET FROM 2022 TO 2027
FIGURE 12 UPTO 120 V SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027
FIGURE 13 50 HZ TO BE A LARGER SEGMENT OF MARKET FROM 2022 TO 2027
FIGURE 14 METAL & MINING SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027
4 PREMIUM INSIGHTS (Page No. - 54)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET
FIGURE 15 RISING ENERGY CONSUMPTION ACROSS INDUSTRIES TO DRIVE MARKET BETWEEN 2022 AND 2027
4.2 MARKET, BY REGION
FIGURE 16 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.3 ASIA PACIFIC: MARKET, BY END USER AND COUNTRY, 2021
FIGURE 17 METAL & MINING SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC INDUSTRIAL TRANSFORMER MARKET
4.4 MARKET, BY PHASE
FIGURE 18 THREE PHASE SEGMENT TO ACCOUNT FOR A LARGER SHARE OF MARKET IN 2027
4.5 MARKET, BY POWER RATING
FIGURE 19 ABOVE 1,500 VA SEGMENT TO DOMINATE MARKET IN 2027
4.6 MARKET, BY PRIMARY VOLTAGE
FIGURE 20 UPTO 120 V SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2027
4.7 MARKET, BY FREQUENCY
FIGURE 21 50 HZ SEGMENT TO HOLD A LARGER SHARE OF MARKET IN 2027
4.8 MARKET, BY END USER
FIGURE 22 METAL & MINING SEGMENT TO DOMINATE MARKET IN 2027
5 MARKET OVERVIEW (Page No. - 59)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 23 GLOBAL PROPAGATION OF COVID-19
FIGURE 24 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES
5.3 MARKET DYNAMICS
FIGURE 25 INDUSTRIAL CONTROL TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.3.1 DRIVERS
5.3.1.1 Rise in energy consumption across industries
FIGURE 26 GLOBAL TOTAL ELECTRICITY CONSUMPTION (EJ), 2010–2019
TABLE 2 ELECTRICITY PRICES IN SELECTED OECD COUNTRIES, 2021 (USD/UNIT)
5.3.1.2 Increased usage across major industries
5.3.2 RESTRAINTS
5.3.2.1 Shifting customer focus to DC power supply
FIGURE 27 GLOBAL INSTALLED RENEWABLE ENERGY CAPACITY, 2016–2021
5.3.3 OPPORTUNITIES
5.3.3.1 Increased demand for chemicals and petrochemicals
FIGURE 28 OUTLOOK FOR CHEMICAL PRODUCTION 2022 (EXCLUDING PHARMACEUTICALS)
FIGURE 29 TRENDS IN CHEMICAL PRODUCTION, 2022–2024 (EXCLUDING PHARMACEUTICALS)
5.3.3.2 Growth in manufacturing sector
5.3.4 CHALLENGES
5.3.4.1 Reduced coal mining activities
FIGURE 30 SHARE OF UNABATED COAL-FIRED POWER GENERATION IN NET ZERO SCENARIO, 2010–2050
5.3.4.2 Heavy losses due to voltage spikes
5.4 COVID-19 IMPACT
5.5 TRENDS/DISRUPTIONS IMPACTING BUSINESSES
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MANUFACTURERS
FIGURE 31 REVENUE SHIFT FOR INDUSTRIAL CONTROL TRANSFORMER MANUFACTURERS
5.6 MARKET MAP
FIGURE 32 MARKET MAP: MARKET
TABLE 3 MARKET: ROLE IN ECOSYSTEM
5.7 VALUE CHAIN ANALYSIS
FIGURE 33 VALUE CHAIN ANALYSIS: MARKET
5.7.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.7.2 COMPONENT MANUFACTURERS
5.7.3 INDUSTRIAL CONTROL TRANSFORMER MANUFACTURERS/ASSEMBLERS
5.7.4 DISTRIBUTORS/WHOLESALERS/RETAILERS/B2B SELLERS
5.8 TECHNOLOGY ANALYSIS
5.8.1 DC POWER SUPPLY
5.9 PRICING ANALYSIS
5.9.1 AVERAGE SELLING PRICES OF INDUSTRIAL CONTROL TRANSFORMERS, BY PRIMARY VOLTAGE
TABLE 4 AVERAGE SELLING PRICES OF INDUSTRIAL CONTROL TRANSFORMERS, 2021
TABLE 5 AVERAGE SELLING PRICES OF INDUSTRIAL CONTROL TRANSFORMERS, BY POWER RATING, OF KEY PLAYERS, 2021
FIGURE 34 AVERAGE SELLING PRICES OF KEY PLAYERS, BY POWER RATING
5.10 KEY CONFERENCES & EVENTS IN 2022–2024
TABLE 6 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.11 TARIFFS, CODES, AND REGULATIONS
5.11.1 TARIFFS RELATED TO MARKET
TABLE 7 IMPORT TARIFFS FOR HS 8536 LOW-VOLTAGE PROTECTION EQUIPMENT IN 2019
TABLE 8 IMPORT TARIFFS FOR HS 8504 ELECTRICAL TRANSFORMERS IN 2019
5.12 TRADE ANALYSIS
5.12.1 TRADE ANALYSIS FOR HS 8536 LOW-VOLTAGE PROTECTION EQUIPMENT
5.12.1.1 Export Scenario
TABLE 9 EXPORT SCENARIO FOR HS CODE: 8536, BY COUNTRY, 2019–2021 (USD)
5.12.1.2 Import scenario
TABLE 10 IMPORT SCENARIO FOR HS CODE: 8536, BY COUNTRY, 2019–2021 (USD)
5.12.2 TRADE ANALYSIS FOR HS 8504 ELECTRICAL TRANSFORMERS
5.12.2.1 Export scenario
TABLE 11 EXPORT SCENARIO FOR HS CODE: 8504, BY COUNTRY, 2019–2021 (USD)
5.12.2.2 Import scenario
TABLE 12 IMPORT SCENARIO FOR HS CODE: 8504, BY COUNTRY, 2019–2021 (USD)
5.12.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.4 CODES AND REGULATIONS RELATED TO MARKET
TABLE 17 MARKET: CODES AND REGULATIONS
5.13 INNOVATIONS AND PATENT REGISTRATIONS
TABLE 18 INDUSTRIAL CONTROL TRANSFORMER: INNOVATIONS AND PATENT REGISTRATIONS, MAY 2019–APRIL 2022
5.14 PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
TABLE 19 MARKET: PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF SUBSTITUTES
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF NEW ENTRANTS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS & BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 36 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
TABLE 20 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
5.16 BUYING CRITERIA
FIGURE 37 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
TABLE 21 KEY BUYING CRITERIA FOR TOP 3 END USERS
5.17 CASE STUDY ANALYSIS
5.17.1 USE OF MODELING SOFTWARE TO TEST DESIGNS
5.17.1.1 Problem Statement: July 2020
5.17.1.2 Solution
5.17.2 MAINTENANCE INSPECTION WINDOWS ON TRANSFORMERS
5.17.2.1 Problem Statement: June 2019
5.17.2.2 Solution
5.18 QUALITATIVE INFORMATION FOR DC POWER SUPPLY
5.18.1 CONCLUSION
6 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE (Page No. - 98)
6.1 INTRODUCTION
FIGURE 38 THREE PHASE SEGMENT DOMINATED MARKET IN 2021
TABLE 22 MARKET SIZE, BY PHASE, 2020–2027 (USD MILLION)
6.2 THREE PHASE
6.2.1 BETTER EFFICIENCY OFFERED BY THREE PHASE WHEN COMPARED TO SINGLE PHASE LEADING TO INCREASED DEMAND FOR THREE PHASE CONTROL TRANSFORMERS
TABLE 23 THREE PHASE: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
6.3 SINGLE PHASE
6.3.1 USE OF SINGLE PHASE CONTROL TRANSFORMERS IN LOW-VOLTAGE APPLICATIONS TO DRIVE MARKET
TABLE 24 SINGLE PHASE: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
7 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING (Page No. - 102)
7.1 INTRODUCTION
FIGURE 39 MARKET, BY POWER RATING, 2021
TABLE 25 MARKET SIZE, BY POWER RATING, 2020–2027 (USD MILLION)
7.2 25–500 VA
7.2.1 INCREASED USE OF 25–500 VA CONTROL TRANSFORMERS IN FOOD & BEVERAGE AND WATER & WASTEWATER TREATMENT INDUSTRIES TO FUEL SEGMENT GROWTH
TABLE 26 25–500 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
7.3 500–1,000 VA
7.3.1 GROWING DEMAND FOR INDUSTRIAL CONTROL TRANSFORMERS ACROSS VARIOUS INDUSTRIAL APPLICATIONS
TABLE 27 500–1,000 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
7.4 1,000–1,500 VA
7.4.1 RISE IN INVESTMENTS IN INFRASTRUCTURE AND MINING ACTIVITIES TO BOOST DEMAND
TABLE 28 1,000–1,500 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
7.5 ABOVE 1,500 VA
7.5.1 RISE IN OIL & GAS EXPLORATIONS AND NEED TO RETROFIT AGING INFRASTRUCTURE IN POWER PLANTS
TABLE 29 ABOVE 1,500 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
8 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE (Page No. - 108)
8.1 INTRODUCTION
FIGURE 40 UPTO 120 V PRIMARY VOLTAGE SEGMENT DOMINATED MARKET IN 2021
TABLE 30 MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
8.2 UPTO 120 V
8.2.1 NEED FOR CONTROL SYSTEMS IN COMMERCIAL SECTOR TO DRIVE THE MARKET
TABLE 31 UPTO 120 V: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
8.3 121–240 V
8.3.1 RISE IN DEMAND FOR INDUSTRIAL CONTROL TRANSFORMERS IN COMMERCIAL AND INDUSTRIAL APPLICATIONS
TABLE 32 121–240 V: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
8.4 ABOVE 240 V
8.4.1 NEED FOR SMOOTH OPERATIONS IN INDUSTRIAL PLANTS TO FUEL GROWTH
TABLE 33 ABOVE 240 V: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
9 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY (Page No. - 112)
9.1 INTRODUCTION
FIGURE 41 50 HZ FREQUENCY SEGMENT DOMINATED MARKET IN 2021
TABLE 34 MARKET SIZE, BY FREQUENCY, 2020–2027 (USD MILLION)
9.2 50 HZ
9.2.1 GOVERNMENT REGULATIONS AND STANDARDS PERTAINING TO POWER SUPPLY FREQUENCY TO DRIVE MARKET
TABLE 35 50 HZ: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
9.3 60 HZ
9.3.1 GOVERNMENT POWER SUPPLY STANDARDS TO INCREASE DEMAND
TABLE 36 60 HZ: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
10 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USER (Page No. - 116)
10.1 INTRODUCTION
FIGURE 42 METAL & MINING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD, 2021
TABLE 37 MARKET SIZE, BY END USER, 2020–2027 (USD MILLION)
10.2 POWER GENERATION
10.2.1 ADVANCEMENTS IN PROTECTION RELAYS IN POWER INFRASTRUCTURE TO BOOST DEMAND
TABLE 38 POWER GENERATION: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
10.3 OIL & GAS
10.3.1 INVESTMENTS IN OIL & GAS SECTOR TO DRIVE DEMAND
TABLE 39 OIL & GAS: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
10.4 CHEMICAL
10.4.1 INCREASED DEMAND FOR CHEMICALS TO FUEL DEMAND
TABLE 40 CHEMICAL: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
10.5 METAL & MINING
10.5.1 RISE IN METAL PRODUCTION AND MINING ACTIVITIES TO BOOST DEMAND
TABLE 41 METAL & MINING: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
10.6 OTHERS
TABLE 42 OTHERS: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
11 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION (Page No. - 123)
11.1 INTRODUCTION
FIGURE 43 MARKET SHARE, BY REGION, 2021 (%)
FIGURE 44 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
TABLE 43 MARKET, BY REGION, 2020–2027 (USD MILLION)
11.2 ASIA PACIFIC
TABLE 44 CONTRACTS IN ASIA PACIFIC, 2021
FIGURE 45 SNAPSHOT: ASIA PACIFIC MARKET
11.2.1 BY PHASE TYPE
TABLE 45 ASIA PACIFIC: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
11.2.2 BY POWER RATING
TABLE 46 ASIA PACIFIC: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.2.3 BY PRIMARY VOLTAGE
TABLE 47 ASIA PACIFIC: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.2.4 BY FREQUENCY
TABLE 48 ASIA PACIFIC: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
11.2.5 BY END USER
TABLE 49 ASIA PACIFIC: MARKET, BY END USER, 2020–2027 (USD MILLION)
11.2.6 BY COUNTRY
TABLE 50 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.2.6.1 China
11.2.6.1.1 Extensive energy consumption in hard-to-abate sectors to drive market growth
TABLE 51 CHINA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.2.6.2 India
11.2.6.2.1 Decarbonization strategies to fuel market growth
TABLE 52 INDIA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.2.6.3 Japan
11.2.6.3.1 Need to develop power infrastructure to drive demand for industrial control transformers
TABLE 53 JAPAN: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.2.6.4 Australia
11.2.6.4.1 Growth in power generation industry to boost market
TABLE 54 AUSTRALIA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.2.6.5 South Korea
11.2.6.5.1 Interconnected complex grids to fuel market growth
TABLE 55 SOUTH KOREA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.2.6.6 Rest of Asia Pacific
TABLE 56 REST OF ASIA PACIFIC: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.3 NORTH AMERICA
FIGURE 46 SNAPSHOT: NORTH AMERICA MARKET
11.3.1 BY PHASE TYPE
TABLE 57 NORTH AMERICA: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
11.3.2 BY POWER RATING
TABLE 58 NORTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.3.3 BY PRIMARY VOLTAGE
TABLE 59 NORTH AMERICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.3.4 BY FREQUENCY
TABLE 60 NORTH AMERICA: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
11.3.5 BY END USER
TABLE 61 NORTH AMERICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
11.3.6 BY COUNTRY
TABLE 62 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.3.6.1 US
11.3.6.1.1 Increased oil and gas production activities to fuel demand
TABLE 63 US: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.3.6.2 Canada
11.3.6.2.1 Growing chemical industry to boost market growth
TABLE 64 CANADA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.3.6.3 Mexico
11.3.6.3.1 Increased share of renewable energy in power generation to drive market
TABLE 65 MEXICO: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.4 EUROPE
11.4.1 BY PHASE
TABLE 66 EUROPE: MARKET SIZE, BY PHASE, 2020–2027 (USD MILLION)
11.4.2 BY POWER RATING
TABLE 67 EUROPE: MARKET SIZE, BY POWER RATING, 2020–2027 (USD MILLION)
11.4.3 BY PRIMARY VOLTAGE
TABLE 68 EUROPE: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.4.4 BY FREQUENCY
TABLE 69 EUROPE: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
11.4.5 BY END USER
TABLE 70 EUROPE: MARKET SIZE, BY END USER, 2020–2027 (USD MILLION)
11.4.6 BY COUNTRY
TABLE 71 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
11.4.6.1 Germany
11.4.6.1.1 Developments in cement and food & beverages industries creating demand
TABLE 72 GERMANY: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.4.6.2 Italy
11.4.6.2.1 Growth in chemical industry led to increased demand
TABLE 73 ITALY: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.4.6.3 UK
11.4.6.3.1 Developments in various end user industries to create opportunities for market
TABLE 74 UK: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.4.6.4 France
11.4.6.4.1 Investments in power generation industry to fuel market
TABLE 75 FRANCE: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.4.6.5 Spain
11.4.6.5.1 Growth in chemical industry to fuel demand for industrial power control transformers
TABLE 76 SPAIN: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.4.6.6 Rest of Europe
TABLE 77 REST OF EUROPE: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.5 SOUTH AMERICA
11.5.1 BY PHASE TYPE
TABLE 78 SOUTH AMERICA: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
11.5.2 BY POWER RATING
TABLE 79 SOUTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.5.3 BY PRIMARY VOLTAGE
TABLE 80 SOUTH AMERICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.5.4 BY FREQUENCY
TABLE 81 SOUTH AMERICA: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
11.5.5 BY END USER
TABLE 82 SOUTH AMERICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
11.5.6 BY COUNTRY
TABLE 83 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.5.6.1 Brazil
11.5.6.1.1 Rise in oil and gas production activities to drive demand for industrial control transformers
TABLE 84 BRAZIL: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.5.6.2 Argentina
11.5.6.2.1 Rapid industrial and infrastructural developments to boost demand for industrial control transformers
TABLE 85 ARGENTINA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.5.6.3 Rest of South America
TABLE 86 REST OF SOUTH AMERICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.6 MIDDLE EAST & AFRICA
11.6.1 BY PHASE TYPE
TABLE 87 MIDDLE EAST & AFRICA: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
11.6.2 BY POWER RATING
TABLE 88 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.6.3 BY PRIMARY VOLTAGE
TABLE 89 MIDDLE EAST & AFRICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.6.4 BY FREQUENCY
TABLE 90 MIDDLE EAST & AFRICA: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
11.6.5 BY END USER
TABLE 91 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
11.6.6 BY COUNTRY
TABLE 92 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.6.6.1 Saudi Arabia
11.6.6.1.1 Solar power plants to boost demand for industrial control transformers
TABLE 93 SAUDI ARABIA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.6.6.2 UAE
11.6.6.2.1 Upgradation of aging power plants to boost market
TABLE 94 UAE: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.6.6.3 South Africa
11.6.6.3.1 Frequent power outages to drive market for industrial control transformer
TABLE 95 SOUTH AFRICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
11.6.6.4 Rest of the Middle East & Africa
TABLE 96 REST OF MIDDLE EAST & AFRICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 157)
12.1 KEY PLAYERS STRATEGIES
TABLE 97 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, AUGUST 2018 – JUNE 2022
12.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
TABLE 98 MARKET: DEGREE OF COMPETITION
FIGURE 47 MARKET SHARE ANALYSIS, 2021
12.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
FIGURE 48 TOP PLAYERS IN MARKET FROM 2017 TO 2021
12.4 COMPANY EVALUATION QUADRANT
12.4.1 STAR
12.4.2 PERVASIVE
12.4.3 EMERGING LEADER
12.4.4 PARTICIPANT
FIGURE 49 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2021
12.5 START-UP/SME EVALUATION QUADRANT, 2021
12.5.1 PROGRESSIVE COMPANY
12.5.2 RESPONSIVE COMPANY
12.5.3 DYNAMIC COMPANY
12.5.4 STARTING BLOCK
FIGURE 50 INDUSTRIAL CONTROL TRANSFORMER MARKET: START-UPS/SMES EVALUATION QUADRANT, 2021
12.5.5 COMPETITIVE BENCHMARKING
TABLE 99 INDUSTRIAL CONTROL TRANSFORMER MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 100 INDUSTRIAL CONTROL TRANSFORMER MARKET: DETAILED LIST OF KEY START-UPS/SMES
12.6 INDUSTRIAL CONTROL TRANSFORMER MARKET: COMPANY FOOTPRINT
TABLE 101 COMPANY FOOTPRINT: BY PHASE
TABLE 102 COMPANY FOOTPRINT: BY POWER RATING
TABLE 103 COMPANY FOOTPRINT: BY FREQUENCY
TABLE 104 COMPANY FOOTPRINT: BY PRIMARY VOLTAGE
TABLE 105 COMPANY FOOTPRINT: BY END USER
TABLE 106 COMPANY FOOTPRINT: BY REGION
TABLE 107 OVERALL: COMPANY FOOTPRINT
12.7 COMPETITIVE SCENARIO
TABLE 108 INDUSTRIAL CONTROL TRANSFORMER MARKET: PRODUCT LAUNCHES, FEBRUARY 2019– APRIL 2022
TABLE 109 INDUSTRIAL CONTROL TRANSFORMER MARKET: DEALS, AUGUST 2018– JUNE 2022
TABLE 110 INDUSTRIAL CONTROL TRANSFORMER MARKET: OTHERS, NOVEMBER 2020– JANUARY 2022
13 COMPANY PROFILES (Page No. - 179)
13.1 INTRODUCTION
13.2 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)*
13.2.1 ABB
TABLE 111 ABB: BUSINESS OVERVIEW
FIGURE 51 ABB: COMPANY SNAPSHOT (2021)
TABLE 112 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 113 ABB: PRODUCT LAUNCHES
TABLE 114 ABB: DEALS
13.2.2 SCHNEIDER ELECTRIC
TABLE 115 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 116 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 117 SCHNEIDER ELECTRIC: DEALS
13.2.3 SIEMENS
TABLE 118 SIEMENS: BUSINESS OVERVIEW
FIGURE 53 SIEMENS: COMPANY SNAPSHOT (2021)
TABLE 119 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 120 SIEMENS: PRODUCT LAUNCHES
TABLE 121 SIEMENS: DEALS
13.2.4 GENERAL ELECTRIC
TABLE 122 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 54 GENERAL ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 123 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 GENERAL ELECTRIC: DEALS
TABLE 125 GENERAL ELECTRIC: OTHERS
13.2.5 EATON
TABLE 126 EATON: BUSINESS OVERVIEW
FIGURE 55 EATON: COMPANY SNAPSHOT (2021)
TABLE 127 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 EATON: DEALS
13.2.6 ROCKWELL AUTOMATION, INC.
TABLE 129 ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW
FIGURE 56 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT (2021)
TABLE 130 ROCKWELL AUTOMATION, INC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
13.2.7 HUBBELL
TABLE 131 HUBBELL: BUSINESS OVERVIEW
FIGURE 57 HUBBELL: COMPANY SNAPSHOT (2021)
TABLE 132 HUBBELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 133 HUBBELL: PRODUCT LAUNCHES
13.2.8 BOARDMAN TRANSFORMERS
TABLE 134 BOARDMAN TRANSFORMERS: BUSINESS OVERVIEW
TABLE 135 BROADMAN TRANSFORMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.9 MCI TRANSFORMER CORPORATION
TABLE 136 MCI TRANSFORMER CORPORATION: BUSINESS OVERVIEW
TABLE 137 MCI TRANSFORMER CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
13.2.10 DONGAN ELECTRIC COMPANY
TABLE 138 DONGAN ELECTRIC COMPANY: COMPANY OVERVIEW
TABLE 139 DONGAN ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.11 SNC MANUFACTURING CO., INC.
TABLE 140 SNC MANUFACTURING CO., INC.: COMPANY OVERVIEW
TABLE 141 SNC MANUFACTURING CO., INC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
13.2.12 FOSTER TRANSFORMER COMPANY
TABLE 142 FOSTER TRANSFORMER COMPANY: COMPANY OVERVIEW
TABLE 143 FOSTER TRANSFORMER COMPANY: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
13.2.13 TEMCO INDUSTRIAL
TABLE 144 TEMCO INDUSTRIAL: COMPANY OVERVIEW
TABLE 145 TEMCO INDUSTRIAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.14 MICRON
TABLE 146 MICRON: COMPANY OVERVIEW
TABLE 147 MICRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.15 CONTROL MAGNETICS, INC.
TABLE 148 CONTROL MAGNETICS, INC.: COMPANY OVERVIEW
TABLE 149 CONTROL MAGNETICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS
13.3.1 CUSTOM COILS
13.3.2 TROYTRANS
13.3.3 RECO TRANSFORMERS PVT. LTD.
13.3.4 TRUTECH PRODUCTS
13.3.5 GRANT TRANSFORMERS
14 APPENDIX (Page No. - 224)
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATION
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the industrial control transformer market. Exhaustive secondary research was carried out to collect information on the market, peer market, and parent market. The next step was to validate these data fom secondary findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.
Secondary Research
The research study on the industrial control transformer market involved the extensive use of directories, databases, and secondary sources, such as Hoovers, Bloomberg, Businessweek, , UN Comtrade Database, Factiva, International Energy Agency, International Monetary Fund, United Nations Conference on Trade and Development, BP Statistical Review of World Energy, US Energy Information Administration, The Transformer Association, European Committee of Electrical Installation Equipment Manufacturers, US Environmental Protection Agency, European Electronic Component Manufacturers Association and Transformer Manufacturing Association of America to identify and collect information useful for this technical, market-oriented, and commercial study. The other secondary sources included white papers, articles by recognized authors, annual reports, press releases & investor presentations of companies, certified publications, manufacturer associations, trade directories, and databases.
Primary Research
Primary sources included several industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, standard and certification agencies of companies, and organizations related to all the segments of this industry’s value chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. In the canvassing of primaries, various departments within organizations, such as sales, engineering, operations, and managers were covered to provide a holistic viewpoint in our report The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both bottom-up and top-down approaches have been used to estimate and validate the size of the global industrial control transformer market and its dependent submarkets. Various sub-segments size in the market were also estimated by these menthod. The research methodology used to estimate the market size includes the following:
- The key players in the industrial control transformer market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The market’s value chain and size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Industrial Control Transformer Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe, segment, and forecast the industrial control transformer market by phase, power rating, primary voltage, frequency, end user, and region based on market size and volume
- To forecast the market size, in terms of value and volume, for five key regions: North America, South America, Europe, Asia Pacific, and the Middle East & Africa, along with their key countries
- To provide detailed information about the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze competitive developments, such as sales contracts, agreements, investments, expansions, new product launches, mergers, partnerships, joint ventures, collaborations, and acquisitions, in the industrial control transformer market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Geographic Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Industrial Control Transformer Market