Global Industrial Control Transformers Market Report and Forecast 2024-2032

Global Industrial Control Transformers Market Outlook

The global industrial control transformers market size is expected to grow at a CAGR of 4.80% between 2024 and 2032. The major drivers of the market include increase in demand for power generation, and rising applications in chemicals and oil and gas end uses.

Key Trends in the Market

Industrial control transformers are isolation transformers that convert the supply of voltage available into the voltage needed for motor control loads and industrial control circuits. They help reduce the voltage making it safer for the technicians to work on the equipment and are commonly used in electronic circuits that need constant current and voltage with low power.

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• Energy consumption has risen across several industries which has increased their demand for industry control transformers in order to control energy supply. This key trend is expected to boost the industrial control transformers market growth across the globe.

• As industrial control transformers require low maintenance and provide quality performance, they are commonly used a variety of devices and equipment, such as relays, motor start button, timers, AC motor starter coil, and electrical distribution systems, which is aiding the growth of the market for industrial control transformers.

• Chemical and petrochemical industries are expanding and increasing their usage of various electrical equipment for manufacturing and other processes, resulting in an increased demand for industrial control transformers.

Market Analysis

Based on phase type, the market is bifurcated into single phase and three phase. On the basis of power rating, the market is divided into 25-500 VA, 500-1,000 VA, 1,000-1,500 VA, and above 1,500 VA. By end use, the market is categorised into chemical, power generation, oil and gas, and metal and mining, among others. Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global industrial control transformers market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• ABB Ltd.

• Siemens AG

• Schneider Electric SE

• Eaton Corporation plc

• General Electric Company

• Others

Market Share by Phase Type

The three phase segment holds a significant share of the industrial control transformers market by phase type as they can transmit thrice the power than single phase transformers. They have three primaries as well as three secondary windings unlike single phase which has only one primary and one secondary winding. Three phase industrial control transformers are used in electrical distribution and power generation and in high power industries for loads such as motor drives, rectifiers, and various other similar products.

Market Share by Region

The Asia Pacific region is anticipated to account for a sizable share in the industrial control transformers market owing to the technological advancements in the region and increasing investments for the development of long-distance electricity networks. In countries such as India and China, increasing industrialisation is leading to a growing demand for industrial control transformers. Increase in population along with improved standards of living have been further positively impacting the market for industrial control transformers in the Asia Pacific region.

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Competitive Landscape

ABB Ltd. was established in 1988 and is headquartered in Zurich, Switzerland. It is a global automation company that believes in improving technology and enhancing performance to a higher level. They offer products and services to the industry, infrastructure, utility, and transportation sectors to aid in a resource efficient and sustainable future.

Seimens AG, founded in 1847 and headquartered in Munich, Germany, is an automation company that aims at making reliable, sustainable, and affordable energies using innovative ideas for use in various industries. They cater to the healthcare, industry, transport, and infrastructure sectors, providing services and innovative products.

Schneider Electric SE was founded in 1836 and has its headquarters in Rueil-Malmaison, France. This company deals with energy management and digital automation, manufacturing products by combining real time automation, energy technologies, and software and services, among others. Their products include industrial control systems, industrial safety systems, and building automation systems.

Other market players include Eaton Corporation plc, and General Electric Company, among others.

Key Highlights of the Report