Power Industry Reports

Increasing industrialization and automation and rising demand for power efficiency and reliability are likely to drive the market in the forecast period. According to TechSci Research report, “ Industrial Control Transformer Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Industrial Control Transformer Market stood at USD 712.10 million in 2022 and is anticipated to grow with a CAGR of 4.50% in the forecast period. The accelerated pace of industrial automation represents a significant driver for the global Industrial Control Transformer market. Industries across the board are increasingly adopting automation technologies to enhance efficiency, productivity, and precision in their operations. This widespread adoption necessitates the use of advanced control systems and equipment, which, in turn, rely on Industrial Control Transformers for reliable power distribution and voltage regulation. These transformers are essential i...