Global industrial control transformers industry market
USA, New York: Reportlinker.com announces the release of the report "Global Industrial Control Transformers Industry", stating 5 % over the period 2020-2027.
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USA, New York: Reportlinker.com announces the release of the report “Global Industrial Control Transformers Industry”, stating 5 % over the period 2020-2027.
Single Phase, one of the segments analyzed in the report, is projected to record 4 % CAGR and reach $307.8 M by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Three Phase segment is readjusted to a revised 3.4 % CAGR for the next 7-year period. The U.S. market is estimated at $220.8 M, while China is forecast to grow at 6.4 % CAGR. The industrial control transformers market in the U.S. is estimated at $220.8 M in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of $219.3 M by the year 2027 trailing a CAGR of 6.4 % over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1 % and 2.7 % respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8 % CAGR.
Source: Globe News Wire