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/PRNewswire/ -- Industrial Control Transformer Market is projected to grow from USD 0.9 billion in 2022 to USD 1.2 billion by 2027, at a CAGR of 5.0% according...
CHICAGO, July 22, 2022 /PRNewswire/ -- Industrial Control Transformer Market is projected to grow from USD 0.9 billion in 2022 to USD 1.2 billion by 2027, at a CAGR of 5.0% according to a new
Share this article Share this article ResearchAndMarkets.com's offering. According to this report, the Global Industrial Control Transformer market accounted for $790.45 million in 2019 and is expected to reach $1,368.33 million by 2027 growing at a CAGR of 7.1% during the forecast period. Some of the key factors propelling the growth of the market are growing power sector, equipment failure in various industries due to frequent voltage spikes, and rapid urbanization. However, the sluggish growth of the oil & gas industry is the restraining factor for the growth of the market. Industrial cont...