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Press Release: Global Industrial Control Transformer Market Will Reach USD 1,118 Million By 2025: Zion Market Research


New York, NY, March 15, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Control Transformer Market by Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, and Above 1,500 VA), by Phase Type (Single Phase and Three Phase), and by End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global industrial control transformer market was valued at approximately USD 792 million in 2018 and is expected to generate around USD 1,118 million by 2025, at a CAGR of around 2.84% between 2019 and 2025.The global industrial control transformer market is likely to experience significant growth in the future, owing to the rising demand for energy, rising urbanization, ongoing construction of smart cities and buildings. Furthermore, the need to minimize device or equipment failure caused by fluctuating voltage and irregular electric current flow is projected to further boost the global industrial control transformer market in the upcoming years. During voltage overloads, the industrial control transformer provides a high degree of stability in less time. Industrial control transformer also offers optimal voltage regulation, which ensures the safety of the plant operations. This ability of the industrial control transformer is also anticipated to drive the global industrial control transformer market development. However, the high initial investment costs and growth of the oil and gas industry may hinder this market’s development in the years ahead.Browse through 42 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Industrial Control Transformer Market: Industry Size, Share, Growth, Analysis, and Forecast, 2018–2025”.Request Free Sample Report of Global Industrial Control Transformer Market Report @ https://www.zionmarketresearch.com/sample/industrial-control-transformer-marketB...


Posted: 2019-03-15 06:00:00

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