Industrial Control Transformer Market On The Rise

According to a MarketsandMarkets research report titled “Industrial Control Transformer Market by Phase, Power Rating, End-User, and Region - Global Forecast to 2023”, the global market is expected to grow from an estimated $809.2 Million in 2018 to $1,039.8 Million by 2023, at a CAGR of 5.14%. Growth 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.


Highlights of the Report

Sponsored by Digi-Key

Analog Devices ADIS16500/05/07 Precision Miniature MEMS IMU Available Now from Digi-Key

The Analog Devices’ ADI ADIS16500/05/07 precision miniature MEMS IMU includes a triaxial gyroscope and a triaxial accelerometer. Each inertial sensor in the MEMS IMU combines with signal conditioning that optimizes dynamic performance.
  • The three-phase segment is expected to hold the largest share of the Industrial Control Transformer Market 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
  • Asia Pacific is expected to dominate the Industrial Control Transformer Market during the forecast period
  • 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). 

Need to be transformed further? Then browse the "Industrial Control Transformer Market" report.


MarketsandMarkets Inc.

Northbrook, IL


[email protected] 

Suggested Articles

Semiconductor Industry Association makes pitch for tax incentives and grants to chipmakers to compete with other countries as backed by lawmakers

The Semiconductor Industry Association sees significant uncertainty for chip sales in coming months, although May numbers were up by 6% globally.

Micron saw record SSD sales, as Broadcom warned of a reset in its wireless business