Industrial Control Transformer Market Poised to Touch $1039.8 Million by 2023

The global industrial control transformer market is expected to grow at a CAGR of 5.14%, from 2018 to 2023, to reach a market size of USD 1,039.8 million by 2023. The factors driving the market include 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"

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The industrial control transformer market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the industrial control transformer industry include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), and Rockwell (US).

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The industrial control transformer market has been segmented on the basis of phase into single-phase and three-phase. The three-phase segment is estimated to grow at the highest CAGR during the forecast period. The three-phase industrial control transformer market is driven by technical factors such as high mechanical resistance and better efficiency in industrial applications. Three-phase industrial control transformers are mostly used in heavy industrial applications as they 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. Thus, it is the most economical way of power transmission.

On the basis of power rating, the demand for above 1,500 VA segment is expected to grow at the highest rate from 2018 to 2023. These industrial control transformers have power ratings of above 1,500 VA and find application mostly in heavy industries, such as oil & gas, metal & mining, and power generation, for voltage regulation which is necessary for heavy machinery.

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Based on region, the industrial control transformer market in Asia Pacific is projected to grow at the highest rate followed by North America and Europe. China accounted for the maximum share in the Asian region in 2017. Asia Pacific is the most populated region in the world and consequently witnesses a high demand for electricity. Industrialization and infrastructural developments in China and India and growing GDP and investment in this region are likely to boost the demand for industrial control transformers in the region.

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Cables and Accessories Market Is Expected to Witness A Significant CAGR In the Period 2017-2022

The report "Cables and Accessories Market by Voltage (Low, Medium, High), LV by Installation (Overhead (Conductors, Accessories), Underground (PVC, XLPE, Terminations, and Joints)), LV by End-User (Industrial, Renewables), and Region - Global Forecast to 2022", The global cables and accessories market is estimated to reach USD 121.63 Billion in 2017, and is further projected to reach USD 158.25 Billion by 2022 growing at a CAGR of 5.40%. The market is set to witness growth, due to increasing urbanization, industrialization, and rising demand for electricity from the industrial, commercial, and residential sectors.

               

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Overhead cables and accessories segment is expected to hold the largest share of low voltage cables and accessories market, by installation, during the forecast period

Overhead cables and accessories are cost-effective and convenient to install making it currently more preferred in the entire market. Driven by the capability to meet increasing power demand and growth in rural electrification in the developing countries such as India, Thailand, Malaysia, , this segment is expected witness decent growth during the forecast period.

Browse and in-depth TOC on “Cables and Accessories Market”

128 – Tables

47 – Figures

196 – Pages

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Infrastructure segment is expected to be the largest in the low voltage cables and accessories market, by end-user, in 2017

Low voltage cables and accessories market in the Infrastructure segment is expected to be the largest, by end-user, in 2017. The growth of this segment is mainly driven by the increasing adoption of low voltage cables in the commercial and residential sectors in the developing economies in South Asia, namely, India, Indonesia, Philippines among others. Upgrade and replacement of the current infrastructures in the European and North American regions are expected to drive the low voltage cables and accessories market in the respective geographies. Globally, expansion of transmission and distribution network and adoption of smart grid technology are also the major factors for a large market share held by the segment.

Asia-Pacific: Expected to be the leading market for low voltage cables and accessories during the forecast period

Low voltage cables and accessories market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Demand in Asia-Pacific is expected to lead the low voltage cables and accessories market, by region. Increasing demand for electrical energy due to urbanization and industrialization, as well as rising government mandates to achieve sustainable goals, is likely to drive the market during the forecast period in the region. Increasing power demand in countries such as India would require massive addition to the installed power generating capacity and development of adequate infrastructure. This would further drive the low voltage cables and accessories market in Asia-Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the cables and accessories market. These players include Prysmian (Italy), Nexans (France), NKT Cables (Germany), General Cables (US), Sumitomo (Japan), and ABB (Switzerland). Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.

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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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
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Power Quality Equipment Market Is Expected to Witness A Significant CAGR In the Period 2017-2022

The report “Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Power Conditioning Unit, Static VAR compensator, and Power Quality Meters), Phase (Single and Three Phase), End-User, and Region - Global Forecast to 2022", The power quality equipment market is expected to grow from an estimated USD 29.74 Billion in 2017 to USD 40.85 Billion by 2022, registering a CAGR of 6.56%, from 2017 to 2022.

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The global market is set to witness a significant growth due to the growing demand for protection systems for electronic devices, non-uniform power quality and network reliability issues, rise in alternative energy programs, and power quality standardization.

Browse and in-depth TOC on “Power Quality Equipment Market”

71 – Tables

77 – Figures

187 – Pages 

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The industrial and manufacturing segment is expected to hold the largest share of the power quality equipment market, by end-user, during the forecast period

 

The industrial and manufacturing segment led the power quality market in 2016, and is projected to dominate the market during the forecast period. The Industry 4.0 initiative is being applied to vehicles and electrical machinery in order to facilitate remote diagnostics, remote maintenance, and remote data capture. Such initiatives have increased the need for data centers, servers, and communication systems. With the increasing use of electronic equipment, the need for protection systems for such critical equipment has been increasing. This is driving the market for power quality equipment in the industrial and manufacturing segment, which is expected to create new revenue pockets for the power quality equipment market during the forecast period. 

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Solid oxide fuel cells to be the fastest growing segment in the power quality equipment market

 

With respect to the equipment segment, solid oxide fuel cells are expected to constitute the fastest growing market from 2017 to 2022. These fuel cells generate electricity using a hard, ceramic compound of metal as an electrolyte, like calcium or zirconium oxides. The generated electricity can compensate for the dip in the quality of power flowing through the electrical network. The generated electricity from these fuel cells can inject power into the electrical circuit to maintain the power quality parameters when the electrical load reduces in these circuits.

The target audience of this report includes:

· Power quality equipment 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

· Manufacturing industry

· Energy efficiency consultants 

North America: The leading market for power quality equipment

 

In this report, the power quality equipment market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The North American market is expected to dominate the global power quality equipment market. The U.S. is investing in various protection systems for urbanized infrastructure development. The North American region has age old T&D infrastructure, due to which the region is more prone to power outages. According to an estimate, approximately 6% of the total electricity generated is usually lost during transmission and distribution from the grid to the consumer. The U.S. government is focusing on grid restructuring to overcome this issue. Multi-billion-dollar investments in data centers and urban infrastructure for the telecom industry have paved a way for the demand for power quality equipment to grow phenomenally. The increasing demand from the public infrastructure along with new renewable power projects are expected to create growth opportunities for the power quality equipment market in the region. 

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the power quality equipment market. These players include ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Emerson Electric Company (U.S.), Eaton Corporation Plc (Ireland), and General electric Company (U.S.). The leading players are trying to make inroads in the markets in developed economies and are adopting various strategies to increase their market shares. 

Adjacent Markets –

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

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