Industrial Control Transformer Market 2018 Dynamics - ABB, Siemens, Eaton, Schneider, GE, Hubbell, Emerson, Rockwell

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.

Browse 62 market data Tables and 36 Figures spread through 127 Pages and in-depth TOC on "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"

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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Superconducting Wire Market Global Forecast to 2021 Top Players - American Superconductor Corporation, Bruker Corporation, Furukawa Electric Co., Ltd., Fujikura Ltd., and Superconductor Technologies Inc.

The global superconducting wire market is projected to grow at a CAGR of 9.6% from 2016 to 2021. Europe is estimated to be the largest market, followed by North America. This trend is expected to continue till 2021. The growth of the superconducting wire is driven by growing demand for superconductor-based MRI systems and advancement in computer chip design technology. Synergies of high voltage transmission application and high efficiencies will increase the demand for superconductor cables and other auxiliary electrical equipment based on superconductor technology.

Browse 68 market data tables and 40 figures spread through 125 pages and in-depth TOC on “Superconducting Wire Market by Type (High Temperature Superconductors (First Generation and Second Generation), Low and Medium Temperature Superconductors), Application (Energy, Medical, Industry, Research), and Region - Global Forecast to 2021"

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The superconducting wire market is dominated by a few global players. Key players operating in the market are American Superconductor Corporation (U.S.), Bruker Corporation (U.S.), Furukawa Electric Co., Ltd. (Japan), Fujikura Ltd. (Japan), and Superconductor Technologies Inc. (U.S.).

The target audience of this report includes:

·         Government and Industry Associations

·         Superconducting Devices Manufacturing Companies

·         Investment and Consulting Firms

·         Process and Manufacturing Plants

·         State and National Regulatory Authorities

·         State or Government-Owned Corporations

Major strategies adopted by the players include contracts & agreements, new product & technology launch, expansion, and mergers & acquisitions. Contracts & agreements was the most commonly adopted strategy from 2013 to 2016. Industry players also adopted new product & technology development, which was the second most widely followed strategy, during the same period.

American Superconductor Corporation (AMSC) is a provider of wind power technology and power grid technology solutions. The company operates its business through two segments: wind and grid. It operates its grid segment through its Gridtec Solutions brand, which enables the electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, and affordability. The company also participates in sales of ship protection products to the US Navy. High-temperature superconductor (HTS) wire and superconducting devices are offered in this segment. The company operates in Asia-Pacific, Europe, and North America through its 20 incorporated subsidiaries which include AMSC Australia Pty Ltd, AMSC India Private Limited, AMSC Austria GmbH, AMSC United Kingdom Limited, ASC Devens LLC, ASC Securities, Superconductivity, Inc., and American Superconductor Korea Co., Ltd to name a few. In August 2016, American Superconductor Corporation (AMSC) and Nexans S.A. (France) went into Joint Marketing and Sales Agreement for AMSC's Resilient Electric Grid (REG) system, as well as other high-performance superconductor power cables, to address the U.S. and Canadian markets. As part of the agreement, AMSC and Nexans collaborated to jointly develop and deliver these projects with existing and potential electric utility customers in the U.S. and Canada.

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Superconductor Technologies, Inc. (STI) develops and commercializes high-temperature superconductor materials. It develops and commercializes high-temperature superconductor materials and related technologies. In addition, it is involved in developing superconducting wires such as Conductus, which enables device manufacturers to reduce the number of wires necessary per device. Its Conductus wire product development is focused on markets where HTS wire are recognized by the industry. Its initial product roadmap targets approximately three applications: superconducting transmission cable, superconducting fault current limiters (SFCL), and magnets.

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.

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Surge Protection Devices Market Forecast to 2022 Top Players - Siemens AG, Eaton Corporation Plc., Littelfuse, Inc., ABB, Ltd., and Schneider Electric SE, etc.

The global surge protection devices market is projected to grow at a CAGR of 5.47%, from 2017 to 2022. Europe is estimated to be the largest market, followed by North America. The market in Asia-Pacific is projected to surpass the North American market by 2022 to become the second-largest market for surge protection devices after Europe. The growth of the surge protection devices market is driven by growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures.

Browse 72 market data tables and 30 figures spread through 146 pages and in-depth TOC on "Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord), Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022"

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The surge protection devices market is dominated by a few global players. Key players operating in the market are ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), and Emerson Electric Company (U.S.).

The target audience of this report includes:

·         Surge protection device manufacturers, dealers, and suppliers

·         Consulting companies in the energy and power sector

·         Government and research organizations

·         Investors and shareholders

·         Environmental research institutes

·         Process industries and power and energy associations

·         Surge protectors components manufacturers

·         Manufacturing industry

·         Energy efficiency consultants

The major strategies adopted by the players include contracts & agreements, new product developments, expansions, and mergers & acquisitions. New product developments was the most commonly adopted strategy from 2013 to 2016. Industry players also adopted mergers & acquisitions, which was the second most widely followed strategy, during the same period.

ABB, Ltd. is a leading power and automation technology company offering a wide range of products, services, and systems, namely, transformers, distribution automation products, high-voltage products, power transmission systems, grid integration systems, and others. The company operates in four segments, namely, power grids, electrification products, process automation, and discrete automation and motion. It offers surge protection devices under its electrification products division, which accounted for 26% of the company’s total net sales in 2016. The company has a wide array of products ranging from switches and sockets to robots, and from large transformers to control systems that manage entire power networks and factories. The company, through its continuous innovation in the power sector, has been winning numerous awards and scientific accolades. ABB, Ltd. acquired Thomas and Betts (U.S.) in May 2012, a market leader in low voltage surge protection products in the North American region. The company has launched a number of new products in recent years and improved its existing product portfolio. For instance, the company introduced the UL 1449, which offers life-long protection against surges for valuable electronic equipment. The company is likely to focus on continuous innovation through technological advancements. Moreover, ABB emphasized operational excellence by improving its post sales services in the last quarter of 2016. 

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Eaton Corporation, Plc. is a power management company offering a wide range of products related to fuel-efficient systems and power chain management tools. The company operates through five business segments, namely, electrical products, electrical systems and services, vehicles, hydraulics, and aerospace. Eaton’s electrical business segment offers power distribution, power quality, control and automation, and monitoring products and services. The company offers surge protection devices through its electrical products division, which accounted for 35% of the company’s total net sales in 2016. The principal markets for these products are the industrial, institutional, governmental, utility, commercial, residential, and information technology sectors. These products and solutions are used wherever there is a demand for electrical power in commercial buildings, datacenters, residences, apartments and office buildings, hospitals, factories, utilities, and industrial and energy facilities. The company strongly focuses on R&D and product or technology innovations, which would help it to grow in the surge protector market, and in regions such as China and India. For instance, in October 2016, the company launched the SPC series surge protective devices which provide flexible and configurable surge protection for commercial and light industrial applications. In addition, a wide array of offerings in its surge protector product portfolio helps the company increase its consumer base globally.

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.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com