By 2027, the market value of industrial control transformers will be $1.2 billion

Energy consumption in various industries is rising, and the use of industrial control transformers (such as: Allen Bradley 1769-L30ER Controller, B&R X20BC1083 Bus Controller, Allen Bradley 1747-L542 SLC 500 Controller)in major industries is increasing. Therefore, these have promoted the global demand for industrial control transformers.

In addition, the growing manufacturing industry and the booming chemical industry have also created a demand for industrial control transformers. According to BASF's 2021 report, global chemical production (excluding drugs) is expected to grow by 3.5% in 2022, slower than the growth of 6.1% last year (2021), but still higher than the average value of covid-19 in previous years. For example, the production of chemicals in the United States is expected to increase significantly in 2022, at 4.5%, compared with 1.8% in 2021, after the shutdown caused by bad weather the previous year.

With the impact of the statistical base, the demand is expected to rise, especially from the automotive, energy and consumer goods industries. Therefore, the growth of the chemical industry provides opportunities for the growth of the industrial control transformer market.

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