Leading Companies Covered in Global Industrial Control Transformer Market with Focusing on Top Key Players Like ABB, Siemens, Eaton, Schneider, GE, Hubbell, Emerson, Rockwell

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”, published by MarketsandMarkets™, the global industrial control transformer market is expected to grow from an estimated USD 809.2 million in 2018 to reach USD 1,039.8 million by 2023, growing at a CAGR of 5.14% from 2018 to 2023. The growth of this market is primarily driven by the 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.

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Asia Pacific is likely to continue to be the largest market for industrial control transformers followed by North America till 2023. The global industrial control transformer market is dominated by major players such as ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), and Rockwell (US).

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Growth strategies adopted by key players in the industrial control transformer market include new product launches, expansions & investments, and mergers & acquisitions. Expansions & investments was the most widely adopted strategy by market players from 2014 to February 2018. Industry players also adopted new product launches to enhance their market shares.

ABB is a global engineering company primarily engaged in power, automation, and electrification technologies. It offers a wide range of products to various industries such as utilities, industrial, infrastructure, and transportation. The company operates through 4 divisions, namely, power grids, electrification products, robotics & motion, and process automation. It provides industrial control transformers through its power grid division. The power grid product segment provides a complete range of products from high- to extra-voltage solutions to its customers, such as transformers, T&D substations, Supervisory Control and Data Acquisition (SCADA) systems, microgrid solutions, transformers, HVDC systems, high-voltage switchgear, and FACTS. ABB has been consistently spending on its research & development activities to develop innovative products. For instance, in October 2016, the company introduced a free Total Cost of Ownership (TCO) tool to help its customers determine loss capitalization factors and compare different transformer alternatives.

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Siemens is one of the leading German conglomerates that provides products and solutions for infrastructure, healthcare, and energy sectors. It conducts its operations through the following segments, namely, power & gas, energy management, building technologies, mobility, digital factory and process industries & drives, Healthineers, and Siemens Gamesa Renewable Energy. The energy management segment provides product & solutions for transmitting, distributing, and managing electrical power and intelligent power infrastructure. The company provides its products to power providers, transmission & distribution system operators, industrial companies, infrastructure developers, construction companies, distributors, and OEMs. North America and Asia Pacific were the key markets for the segment. The company focuses on its Vision 2020 roadmap to drive the performance through re-organizing its structures and responsibilities and enhancing management reliability. Its medium-term strategy is to strengthen its core businesses along with the entire value chain of electrification by allocating more resources for growing fields, scaling up high-growth businesses, and tapping new opportunities.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Sand Control Systems Market to Capture Unparalleled Growth with A 3.78% CAGR Growth By 2022

According to the new market research report “Sand Control Systems Market by Application (Onshore and Offshore), Techniques (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices), Well Completions Type (Cased Hole and Open Hole), and Region - Global Forecasts to 2022”, published by MarketsandMarkets™, the global sand control systems market is projected to grow at a CAGR of 3.78%, from 2017 to 2022. Asia Pacific was the largest market for sand control systems in 2016, followed by the North America and European markets. The growth of the sand control systems market is driven by rising oil & gas production, growing number of wells drilled, and increased drilling activities in Asia Pacific.

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The sand control systems market is dominated by a few global players. The key players in this market include Baker Hughes (US), Halliburton (US), Weatherford (Switzerland), Schlumberger (US), and National Oilwell Varco (US).

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Major strategies adopted by the players in the sand control systems market over the period 2014–2017(August) included contracts & agreements, new product launches, partnerships, mergers & acquisitions, and expansions. The contracts & agreements was the most adopted strategy adopted by key players such as Baker Hughes (US), Tendeka (UK), and Halliburton (US), among others.  The second most adopted growth strategy was new product launches and partnerships.

Baker Hughes, a GE company (US) was formed in 2017 after the acquisition of Baker Hughes Incorporated (US) by General Electric Company (US) in July 2017. Baker Hughes operates its business in three segments, namely, completion and production, drilling and evaluation, and industrial services. Major services included under drilling and evaluation segment are wireline services for well logging services, drilling services for directional drilling systems, and drill bits for hole enlargement and coring. The completion and production segment consists of hydrocarbons within a wellbore, wellbore intervention services, intelligent product system, artificial lift, sand control systems and pressure pumping. The company generates more than half of its revenue from the completion and production segment. Baker Hughes adopted contracts & agreements as the major strategy during 2014 to 2017. In July 2015, Baker Hughes introduced Vault barrier valve, which provides an ISO-qualified barrier in the wellbore which helps to protect the lower completion and minimize costly fluid loss during well construction. The Vault barrier valve is designed primarily for sand control applications and can be used in both cased and open hole wellbores.

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Halliburton Company (or Halliburton) is one of the leading service providers and product suppliers in the upstream sector of the oil & gas industry. The company provides 13 Product Service Lines (PSLs), mainly under two divisions, namely, drilling and evaluation and completion and production. Sand control systems fall under the completion and production segment. Halliburton adopted contracts & agreements as the major strategy during 2014 to 2017. In January 2017, Halliburton signed a contract with Shell Iraq Petroleum Development on providing drilling services at Shell's Majnoon Oil Field in Southern Iraq. As per the contract, Halliburton mobilize three rigs to drill development wells and carry out work over activities over the next two years.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Recloser Control Market to Capture Unparalleled Growth with A 6.22% CAGR Growth By 2022

According to the new market research report “Recloser Control Market by Type (Electric and Hydraulic), Phase Type (Three-Phase, Single-Phase, and Triple-Single Phase), Voltage (Up to 15 Kv, 16 kV–27 Kv, and 28 kV–38 Kv), and Region - Global Forecast to 2022”, published by MarketsandMarkets™, the global recloser control market is expected to grow at a CAGR of 6.22%, from 2017 to 2022, to reach a market size of USD 1.52 Billion by 2022. The increasing demand for electric power worldwide, rapid industrialization, and increased investment in automated power equipment are factors likely to drive the recloser control market during the forecast period.

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The recloser control market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the recloser control industry include Eaton (Ireland), Schneider (France), Tavrida (Switzerland), ABB (Switzerland), and NOJA Power (Australia).

The recloser control market has been segmented based on type into electric and hydraulic control. The electronic control segment is estimated to grow at highest CAGR during the forecast period. Electric controls are widely used in three-phase reclosers and single-phase reclosers as they provide more flexibility, can be easily customized and programmed, and provide advanced protection.

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Based on phase, the triple-single segment is estimated to grow at the highest rate from 2017 to 2022. Triple-single reclosers control provide cost-effective single-phase distribution feeder and achieve significant power reliability with the additional benefit of single-phase tripping. Such recloser controls are rapidly replacing three-phase recloser controls in the power distribution system. The demand for triple-single recloser controls is expected to be higher in developed countries as they are expensive compared to three-phase and single-phase recloser controls.

On the basis of voltage, the demand for recloser controls up to 15 kV are expected to grow at the highest rate from 2017 to 2022. Recloser controls with voltage rating up to 15 kV are mostly used in residential applications and rural distribution lines. Growing urbanization, increasing investment in smart grid projects, and growing commercial, residential, and industrial sectors are expected to drive the growth of this market segment.

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Based on region, the recloser control market in Asia Pacific is projected to grow at the highest rate followed by the Middle East and North America. China accounted for the maximum share in the Asian region in 2016. The increasing demand for automated power equipment due to the rising investment in distribution automation and smart grid applications are likely to have a positive impact on the recloser control market in the APAC region.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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