Industrial Control Transformer Market

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

Report Code: EP 6241 May, 2018, by marketsandmarkets.com
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[127 Pages Report] The need for industrial control transformers has increased with rising concern for safety in electrical equipment, considerably to prevent the equipment from any accidents. An industrial control transformer is expected to play an important role in helping the countries to meet their energy-efficiency targets as the primary function of these devices is to save energy. Hence, utilities need to improve power reliability, ultimately increasing the quality of power supplied to customers. Developing regions such as Asia Pacific, North America, and Europe are some of the key markets for industrial control transformers.

The market for industrial control transformers was estimated to be valued at USD 777.7 million in 2017 and is projected to reach USD 1.04 billion by 2023, at a CAGR of 5.14%, during the forecast period. The factors driving the market include increased use of industrial control transformer across major industries, booming power sector, and augmented power generation capacities worldwide, and need to reduce equipment failure caused by frequent voltage spikes.

Industrial Control Transformer Market

“By phase, the three-phase segment is expected to grow at the highest CAGR during the forecast period.”

The three-phase segment held the largest share of the industrial control transformer market, by phase, because of better efficiency in industrial applications as compared to the single-phase segment.

“By power rating, above 1,500 VA segment is expected to lead the industrial control transformer market during the forecast period.”

The above 1,500 segment held the largest share of the industrial control transformer market, by power rating, as above 1,500 VA transformers are mostly installed in heavy industries such as oil & gas, metal & mining, and power generation for voltage regulation which is necessary for heavy machinery.

“Chemical segment is expected to grow at the highest CAGR during the forecast period.”

The chemical segment is expected to grow at the highest CAGR, by end-user, as the global chemical turnover was valued at USD 3.7 trillion in 2016, and global chemical sales are expected to grow to USD 6.9 trillion by 2030. This is likely to impact the sales of industrial control transformers directly.

“APAC to lead the industrial control transformer market during the forecast period.”

The market in the Asia Pacific is expected to hold the largest share of the global industrial control transformer market due to industrialization and infrastructural developments in China and India.

Industrial Control Transformer Market

Market Dynamics

Driver: Need to reduce equipment failure caused by frequent voltage spikes

The dependency on electricity and the prevalence of increasingly sensitive electrical equipment make it mandatory to have reliable sources of high-quality power. Lightning transients and voltage instability are major causes of equipment failure and disruption in operations. Such disruptions can damage critical power equipment such as transformers, switchgears, capacitors, overhead lines, inductors, programmable logic control, motors, and traction systems. In the US, operational losses worth USD 80 billion a year are incurred due to power interruption. The major effects of voltage instability on operations include high maintenance and production costs, production delays, lost sales, late deliveries, an idle workforce, and increased spoilage and scrap. Also, uncontrolled voltage stability can cause damage to sensitive electronic equipment through sudden incidents, long-term damage, or interruptions to the industrial process. Industrial control transformers minimize the risk of voltage instability and protect equipment for safe and reliable performance.

Restraint:Stagnant growth of the oil & gas industry

Off-late, there has been a stagnant growth in the global upstream oil & gas industry, owing to the decrease in exploration & production activities. Declining oil prices, due to an oversupplied market, have resulted in a reduction in exploration & production activities. The focus for industrial growth in countries dependent on oil export is gradually shifting toward other industries, as they are aiming for a diversified revenue stream. The oil & gas industry holds a major share of the industrial control transformer market, wherein industrial control transformers are majorly used for upstream and midstream applications. Hence, the stagnant growth in this industry is expected to slow down the demand for industrial control transformers in this region.

Opportunity: Changing the face of the Middle East manufacturing industry

The Middle East has been increasingly focusing on expanding its manufacturing capabilities. The primary reason for this move is to change the region’s role as a raw material supplier to a finished goods provider, within the manufacturing industry. Moreover, to develop economies that are less oil-dependent, the Middle Eastern countries have been increasingly focusing on their manufacturing sectors. Also, in 2017, Saudi Arabia offered attractive investment opportunities by passing a law of openness to foreign investment. An industrial control transformer is used for captive generation expansion optimization, load planning, and preventive maintenance. The positive outlook for the manufacturing industry is expected to drive the industrial control transformer market.

Challenge: Dependent on other Devices for voltage regulation

Industrial control transformers are being used by other devices such as motors, contactors, solenoids, relays, and others. Few of the motor-controlled applications are compressors, conveyors, crushers, fans, and pumps. The working of the industrial control transformers failure by voltage spikes and lightning transients may lead to damages of devices mentioned above. It can result in expensive equipment failure and disruption in operations. It is very important that the industrial control transformer should operate in ideal conditions to overcome this challenge.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

USD million

Segments covered

Type, Power Rating, End-User, and Region

Geographies covered

North America, South America, Europe, Asia Pacific (APAC), the Middle East & Africa

Companies covered

ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), Rockwell (US), Electric Hammond Power Solutions (Canada), Boardman Transformers (UK), Dongan Electric Manufacturing Co. (US), MCI Transformer Corporation (US)

Industrial Control Transformer Market:

By Phase Type

  • Single Phase
  • Three Phase

By Power Rating

  • 25-500 VA
  • 500-1,000 VA
  • 1,000-1,500 VA
  • Above 1,500 VA

By End-User

  • Power Generation
  • Oil & Gas
  • Chemical
  • Metal & Mining (Iron, Steel, and Aluminum)
  • Others (Food & beverage, paper & pulp, cement, glass, and water & wastewater industries)

By Region

  • North America
  • South America
  • Europe
  • APAC
  • The Middle East & Africa

    Key Market Players

    ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US)

    Recent Developments

    • In October 2016, ABB introduced a free Total Cost of Ownership (TCO) tool to help customers determine loss capitalization factors, and compare different transformer alternatives from the point of view of total cost and environmental impact.
    • In August 2016, Schneider opened a new branch office in Odisha, India. The new office was likely to present the entire portfolio of Schneider Electric products, facilitating world-class services and support to its customers and partners in the region.
    • In June 2016, Siemens opened its new corporate headquarters in Munich, Germany. The scope of this expansion was to meet the world’s highest sustainability standards for environmental friendliness and energy efficiency.
    • In March 2016, ABB introduced a new transformer production facility in Lodz, Poland. The scope of the investment was to support ABB’s existing transformer manufacturing facilities in Lodz by including machine operators and logistics, purchasing, quality, and engineering support personnel.
    • In April 2015, Eaton opened a new manufacturing facility for its electrical business in the Philippines. This new facility was expected to strengthen the company’s position in South-East Asia.

    Critical questions the report answers:

    • What are the upcoming trends for the industrial control transformer market?
    • Which segment in industrial control transformer market provides the most opportunity for growth?
    • Who are the leading vendors operating in this market?
    • What are the opportunities for new market entrants in the industrial control transformer market?

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

    Table of Contents

    1 Introduction (Page No. - 14)
        1.1 Objectives of the Study
        1.2 Definition
        1.3 Market Scope
               1.3.1 Markets Covered
               1.3.2 Regional Scope
        1.4 Years Considered for the Study
        1.5 Currency
        1.6 Stakeholders

    2 Research Methodology (Page No. - 17)
        2.1 Introduction
        2.2 Research Data
               2.2.1 Secondary Data
               2.2.2 Primary Data
                        2.2.2.1 Key Data From Primary Sources
                        2.2.2.2 Key Industry Insights
                        2.2.2.3 Breakdown of Primary Interviews
        2.3 Market Size Estimation
               2.3.1 Bottom-Up Approach
               2.3.2 Top Down Approach
        2.4 Market Breakdown & Data Triangulation
        2.5 Research Limitations
        2.6 Research Assumptions

    3 Executive Summary (Page No. - 25)

    4 Premium Insights (Page No. - 29)
        4.1 Attractive Opportunities in the Market During the Forecast Period
        4.2 Market, By Country
        4.3 Asia Pacific Market, By End-User & Country
        4.4 Market, By Phase
        4.5 Market, By Power Rating
        4.6 Market, By End-User

    5 Market Overview (Page No. - 34)
        5.1 Introduction
        5.2 Market Dynamics
        5.3 Drivers
               5.3.1 Need to Reduce Equipment Failure Caused By Frequent Voltage Spikes
               5.3.2 Booming Power Sector and Augmented Power Generation Capacities Worldwide
               5.3.3 Increased Usage of Industrial Control Transformers Across Major Industries
        5.4 Restraints
               5.4.1 Stagnant Growth of the Oil & Gas Industry
               5.4.2 Slowdown in the Mining Industry in Asia Pacific, South America, and Africa
        5.5 Opportunities
               5.5.1 Changing the Face of the Middle East Manufacturing Industry
               5.5.2 Aging Power Infrastructure
               5.5.3 Growing Robotics Technology
        5.6 Challenges
               5.6.1 Dependent on Other Devices for Voltage Regulation
               5.6.2 Gray Market Providing Low-Quality & Inexpensive Products

    6 Market, By Power Rating (Page No. - 40)
        6.1 Introduction
        6.2 25–500 VA
        6.3 500–1,000 VA
        6.4 1,000–1,500 VA
        6.5 Above 1,500 VA

    7 Market, By Phase (Page No. - 46)
        7.1 Introduction
        7.2 Three-Phase
        7.3 Single-Phase

    8 Market, By End-User (Page No. - 50)
        8.1 Introduction
        8.2 Power Generation
        8.3 Oil & Gas
        8.4 Chemical
        8.5 Metal & Mining
        8.6 Others

    9 Market, By Region (Page No. - 56)
        9.1 Introduction
        9.2 Asia Pacific
               9.2.1 By Phase
               9.2.2 By Power Rating
               9.2.3 By End-User
               9.2.4 By Country
                        9.2.4.1 China
                        9.2.4.2 Australia
                        9.2.4.3 India
                        9.2.4.4 Japan
                        9.2.4.5 South Korea
                        9.2.4.6 Rest of Asia Pacific
        9.3 North America
               9.3.1 By Power Rating
               9.3.2 By End-User
               9.3.3 By Country
                        9.3.3.1 US
                        9.3.3.2 Canada
                        9.3.3.3 Mexico
        9.4 Europe
               9.4.1 By Phase
               9.4.2 By Power Rating
               9.4.3 By End-User
               9.4.4 By Country
                        9.4.4.1 Germany
                        9.4.4.2 UK
                        9.4.4.3 France
                        9.4.4.4 Russia
                        9.4.4.5 Rest of Europe
        9.5 Middle East & Africa
               9.5.1 By Phase
               9.5.2 By Power Rating
               9.5.3 By End-User
               9.5.4 By Country
                        9.5.4.1 Saudi Arabia
                        9.5.4.2 Iran
                        9.5.4.3 UAE
                        9.5.4.4 Nigeria
                        9.5.4.5 South Africa
                        9.5.4.6 Rest of the Middle East & Africa
        9.6 South America
               9.6.1 By Phase
               9.6.2 By Power Rating
               9.6.3 By End-User
               9.6.4 By Country
                        9.6.4.1 Brazil
                        9.6.4.2 Argentina
                        9.6.4.3 Rest of South America

    10 Competitive Landscape (Page No. - 91)
         10.1 Overview
         10.2 Ranking of Players
         10.3 Competitive Scenario
                 10.3.1 Expansions & Investments
                 10.3.2 New Product Launches
                 10.3.3 Mergers & Acquisitions

    11 Company Profiles (Page No. - 95)
    (Business Overview, Products Offered, Recent Developments, MnM View)*
         11.1 Benchmarking
         11.2 ABB
         11.3 Eaton
         11.4 Siemens
         11.5 GE
         11.6 Schneider Electric
         11.7 Hubbell
         11.8 Emerson Electric Co.
         11.9 Rockwell Automation
         11.10 Electric Hammond Power Solutions (HPS)
         11.11 Broadman Transformers
         11.12 Dongan Electric Manufacturing Co.
         11.13 MCI Transformers

    *Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

    12 Appendix (Page No. - 119)
         12.1 Insights of Industry Experts
         12.2 Discussion Guide
         12.4 Introducing RT: Real-Time Market Intelligence
         12.5 Available Customizations
         12.6 Related Reports
         12.7 Author Details


    List of Tables (62 Tables)

    Table 1 Industrial Control Transformer Market Snapshot
    Table 2 Market Size, By Power Rating, 2016–2023 (USD Million)
    Table 3 25–500 VA: Market Size, By Region, 2016–2023 (USD Million)
    Table 4 500–1,000 VA: Market Size, By Region, 2016–2023 (USD Million)
    Table 5 1,000–1,500 VA: Market Size, By Region, 2016–2023 (USD Million)
    Table 6 Above 1,500 VA: Market Size, By Region, 2016–2023 (USD Million)
    Table 7 Industrial Control Transformer Market Size, By Phase, 2016–2023 (USD Million)
    Table 8 Three-Phase: Market Size, By Region, 2016–2023 (USD Million)
    Table 9 Single-Phase:Market Size, By Region, 2016–2023 (USD Million)
    Table 10 Market Size, By End-User, 2016-2023 (USD Million)
    Table 11 Power Generation: Industrial Control Transformer Market Size, By Region, 2016–2023 (USD Million)
    Table 12 Oil & Gas: Market Size, By Region, 2016–2023 (USD Million)
    Table 13 Chemical: Market Size, By Region, 2016–2023 (USD Million)
    Table 14 Metal & Mining: Industrial Control Transformer Market Size, By Region, 2016–2023 (USD Million)
    Table 15 Others: Market Size, By Region, 2016–2023 (USD Million)
    Table 16 Market Size, By Region, 2016–2023 (USD Million)
    Table 17 Top Five Largest Markets, 2016–2023 (USD Million)
    Table 18 Top Five Fastest Growing Markets, 2016–2023 (USD Million)
    Table 19 Asia Pacific: Industrial Control Transformer Market Size, By Phase, 2016–2023 (USD Million)
    Table 20 Asia Pacific: Market Size, By Power Rating, 2016–2023 (USD Million)
    Table 21 Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
    Table 22 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
    Table 23 China: Market Size, By End-User, 2016–2023 (USD Million)
    Table 24 Australia: Industrial Control Transformer Market Size, By End-User, 2016–2023 (USD Million)
    Table 25 India: Market Size, By End-User, 2016–2023 (USD Million)
    Table 26 Japan: Market Size, By End-User, 2016–2023 (USD Million)
    Table 27 South Korea: Market Size, By End-User, 2016–2023 (USD Million)
    Table 28 Rest of Asia Pacific: Market Size, By End-User, 2016–2023 (USD Million)
    Table 29 North America: Industrial Control Transformer Market Size, By Phase, 2016–2023 (USD Million)
    Table 30 North America: Market Size, By Power Rating, 2016–2023 (USD Million)
    Table 31 North America: Market Size, By End-User, 2016–2023 (USD Million)
    Table 32 North America: Market Size, By Country, 2016–2023 (USD Million)
    Table 33 US: Market Size, By End-User, 2016–2023 (USD Million)
    Table 34 Canada: Market Size, By End-User, 2016–2023 (USD Million)
    Table 35 Mexico: Market Size, By End-User, 2016–2023 (USD Million)
    Table 36 Europe: Industrial Control Transformer Market Size, By Phase, 2016–2023 (USD Million)
    Table 37 Europe: Market Size, By Power Rating, 2016–2023 (USD Million)
    Table 38 Europe: Market Size, By End-User, 2016–2023 (USD Million)
    Table 39 Europe: Market Size, By Country, 2016–2023 (USD Million)
    Table 40 Germany: Market Size, By End-User, 2016–2023 (USD Million)
    Table 41 UK: Market Size, By End-User, 2016–2023 (USD Million)
    Table 42 France: Market Size, By End-User, 2016–2023 (USD Million)
    Table 43 Russia: Market Size, By End-User, 2016–2023 (USD Million)
    Table 44 Rest of Europe: Market Size, By End-User, 2016–2023 (USD Million)
    Table 45 Middle East & Africa: Industrial Control Transformer Market Size, By Phase, 2016–2023 (USD Million)
    Table 46 Middle East & Africa: Market Size, By Power Rating, 2016–2023 (USD Million)
    Table 47 Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
    Table 48 Middle East & Africa: Market Size, By Country, 2016–2023 (USD Million)
    Table 49 Saudi Arabia: Industrial Control Transformer Market Size, By End-User, 2016–2023 (USD Million)
    Table 50 Iran: Market Size, By End-User, 2016–2023 (USD Million)
    Table 51 UAE: Market Size, By End-User, 2016–2023 (USD Million)
    Table 52 Nigeria: Market Size, By End-User, 2016–2023 (USD Million)
    Table 53 South Africa: Market Size, By End-User, 2016–2023 (USD Million)
    Table 54 Rest of Middle East & Africa: Market Size, By End-User, 2016–2023 (USD Million)
    Table 55 South America: Industrial Control Transformer Market Size, By Phase, 2016–2023 (USD Million)
    Table 56 South America: Market Size, By Power Rating, 2016–2023 (USD Million)
    Table 57 South America: Market Size, By End-User, 2016–2023 (USD Million)
    Table 58 South America: Market Size, By Country, 2016–2023 (USD Million)
    Table 59 Brazil: Market Size, By End-User, 2016–2023 (USD Million)
    Table 60 Argentina: Industrial Control Transformer Market Size, By End-User, 2016–2023 (USD Million)
    Table 61 Rest of South America: Market Size, By End-User, 2016–2023 (USD Million)
    Table 62 Developments of Key Players in the Market, 2014–March 2018


    List of Figures (36 Figures)

    Figure 1 Markets Covered: Market
    Figure 2 Market: Research Design
    Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
    Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
    Figure 5 Market Size Estimation Methodology: Top-Down Approach
    Figure 6 Data Triangulation Methodology
    Figure 7 Three-Phase Segment is Expected to Grow at the Highest CAGR During the Forecast Period
    Figure 8 Above 1,500 VA Segment is Expected to Lead the Market During the Forecast Period
    Figure 9 Chemical Segment is Expected to Grow at the Highest CAGR During the Forecast Period
    Figure 10 Asia Pacific Was Expected to Dominate the Industrial Control Transformer Market in 2017
    Figure 11 Need to Reduce Equipment Failure is Likely to Drive the Market, From 2018–2023
    Figure 12 The Market in China is Expected to Grow at the Highest CAGR During the Forecast Period
    Figure 13 Metal & Mining Segment and China Dominated the Market in Asia Pacific
    Figure 14 Three-Phase Segment is Expected to Dominate the Industrial Control Transformer Market During the Forecast Period
    Figure 15 Above 1,500 VA Segment Dominated the Market, By Power Rating, in 2017
    Figure 16 Metal & Mining Segment Dominated the Market, By End-User, in 2017
    Figure 17 Market: Drivers, Restraints, Opportunities, & Challenges
    Figure 18 The Fastest Growing Power Generation Countries in Asia Pacific, Middle East, and Africa
    Figure 19 The Fastest Growing Oil and Gas Industry in Asia Pacific, Middle East, and Africa
    Figure 20 Above 1,500 VA Power Rating Segment Dominated the Market in 2017
    Figure 21 Three-Phase Segment Dominated the Market in 2017
    Figure 22 Metal & Mining is Expected to Lead the Market During the Forecast Period
    Figure 23 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
    Figure 24 Asia Pacific Led the Market in 2017
    Figure 25 Asia Pacific: Market Snapshot
    Figure 26 North America: Market Snapshot
    Figure 27 Key Developments in the Industrial Control Transformer Market, 2014– March 2018
    Figure 28 Ranking of Key Players & Industry Concentration, 2017
    Figure 29 ABB: Company Snapshot
    Figure 30 Eaton: Company Snapshot
    Figure 31 Siemens: Company Snapshot
    Figure 32 GE: Company Snapshot
    Figure 33 Schneider Electric: Company Snapshot
    Figure 34 Hubbell: Company Snapshot
    Figure 35 Emerson Electric Co.: Company Snapshot
    Figure 36 Rockwell Automation: Company Snapshot


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