Industrial Control Transformer Market Size, Share, Trends, Growth 2032

Industrial Control Transformer Industry Prospective:

The global industrial control transformer market size was worth around USD 950.4 million in 2023 and is predicted to grow to around USD 1551.96 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.6% between 2024 and 2032.

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In order to give the users of this report a comprehensive view of the industrial control transformer market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Industrial Control Transformer Market: Growth Drivers

An industrial control transformer is an isolated transformer that offers voltage regulation in an optimal way. These transformers are also known as control transformers, which offer a high grade of voltage stability during voltage overload. Control transformers augment the output voltage and inrush capacity when the electromagnetic gadgets in the system are stimulated initially. Industrial control transformers offer step-down voltages to machine tools and control devices apart from being specifically utilized for industrial applications, which require solenoids, relays, and other electromagnetic devices. Industrial control transformers are generally customized and can offer customized attributes and features according to customer requirements.

The global industrial control transformer market is likely to experience significant growth in the future, owing to the rising demand for energy, rising urbanization, ongoing construction of smart cities and buildings. Furthermore, the need to minimize device or equipment failure caused by fluctuating voltage and irregular electric current flow is projected to further boost the global industrial control transformer market in the upcoming years. During voltage overloads, the industrial control transformer provides a high degree of stability in less time. Industrial control transformer also offers optimal voltage regulation, which ensures the safety of the plant operations. This ability of the industrial control transformer is also anticipated to drive the global industrial control transformer market development. However, the high initial investment costs and growth of the oil and gas industry may hinder this market’s development in the years ahead.

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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

Industrial Control Transformer Market: Segmentation

The study provides a decisive view of the industrial control transformer market based on power rating, phase type, end-user, and region.

Based on power rating, the industrial control transformer market is segmented into 25-500 VA, 500-1,000 VA, 1,000-1,500 VA, and above 1,500 VA.

By phase type, the market is categorized into three phase and single phase.

By end-user, the market is divided into power generation, oil and gas, chemical, metal and mining, and others.

Industrial Control Transformer Market: Report Scope

Industrial Control Transformer Market: Regional Analysis

The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

By region, North America contributed an extensive revenue share to the global industrial control transformer market in 2018 and is expected to dominate in the upcoming years as well. This regional growth can be attributed due to the factory rules and regulations regarding the workers’ safety and security of the power plants across the region. Moreover, in 2016, the U.S. Department of Energy (DOE) formulated regulations regarding the efficiency level of transformers. Europe is expected to provide significant opportunities for the growth of the global industrial control transformer market in the years ahead, owing to the growing power sector, increasing power generation capabilities of the region’s energy and power sector, and the presence of market prominent players across the region.

Industrial Control Transformer Market: Competitive Analysis

The global industrial control transformer market is led by players like:

• ABB
• Siemens
• Schneider Electric
• Emerson Electric Co
• Electric Hammond Power Solutions (HPS)
• Dongan Electric Manufacturing Co
• Benchmarking
• Eaton
• GE
• Hubbell
• Rockwell Automation
• Broadman Transformers
• MCI Transformers

This report segments the global industrial control transformer market into:

Global Industrial Control Transformer Market: Power Rating Analysis

• 25-500 VA
• 500-1,000 VA
• 1,000-1,500 VA
• Above 1,500 VA

Global Industrial Control Transformer Market: Phase Type Analysis

• Single Phase
• Three Phase

Global Industrial Control Transformer Market: Phase Type Analysis

• Power Generation
• Oil and Gas
• Chemical
• Metal and Mining
• Others

Global Industrial Control Transformer Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa