Industrial Control Transformer Market to boost business scope according to a new research report - 0 views
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Almira Coyne on 21 Nov 23According to a new market research report, the global industrial control transformer market is expected to grow from an estimated USD 0.9 billion in 2022 to USD 1.2 billion by 2027, at a CAGR of 5.0% during the forecast period. An industrial control transformer is essentially an isolation transformer that offers great voltage regulation. It is sometimes referred to as control transformer, or control power transformer, or even machine tool transformer. These are designed with low impedance windings for voltage regulation, and can accommodate the high inrush current associated with contactors, starters, solenoids, and relays. Growth in manufacturing industry and chemical industry to offer remunerative opportunities for the industrial control transformer market during the forecast period.