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Global Industrial Control Transformers Market Size, Share, Growth, Forecast: By Phase Type: Single Phase, Three Phase; By Power Rating: 25-500 VA, 500-1,000 VA, 1,000-1,500 VA, Above 1,500 VA; By End Use: Chemical, Power Generation, Oil and Gas, Metal and Mining, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Industrial Control Transformers Market Outlook
The global industrial control transformers market size is expected to grow at a CAGR of 4.80% between 2023 and 2028. 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.
- 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.
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.
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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Phase Type |
|
| Breakup by Power Rating |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Industrial Control Transformers Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Control Transformers Historical Market (2018-2022)
8.3 Global Industrial Control Transformers Market Forecast (2023-2028)
8.4 Global Industrial Control Transformers Market by Phase Type
8.4.1 Single Phase
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Three Phase
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Industrial Control Transformers Market by Power Rating
8.5.1 25-500 VA
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 500-1,000 VA
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 1,000-1,500 VA
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Above 1,500 VA
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Industrial Control Transformers Market by End Use
8.6.1 Chemical
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Power Generation
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Oil and Gas
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Metal and Mining
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Industrial Control Transformers Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 ABB Ltd.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Siemens AG
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Schneider Electric SE
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Eaton Corporation plc
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 General Electric Company
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Industrial Control Transformers Market: Key Industry Highlights, 2018 and 2022
2. Global Industrial Control Transformers Historical Market: Breakup by Phase Type (USD Million), 2018-2022
3. Global Industrial Control Transformers Market Forecast: Breakup by Phase Type (USD Million), 2023-2028
4. Global Industrial Control Transformers Historical Market: Breakup by Power Rating (USD Million), 2018-2022
5. Global Industrial Control Transformers Market Forecast: Breakup by Power Rating (USD Million), 2023-2028
6. Global Industrial Control Transformers Historical Market: Breakup by End-User (USD Million), 2018-2022
7. Global Industrial Control Transformers Market Forecast: Breakup by End-User (USD Million), 2023-2028
8. Global Industrial Control Transformers Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Industrial Control Transformers Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Industrial Control Transformers Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Industrial Control Transformers Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Industrial Control Transformers Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Industrial Control Transformers Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Industrial Control Transformers Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Industrial Control Transformers Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Industrial Control Transformers Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Industrial Control Transformers Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Industrial Control Transformers Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Industrial Control Transformers Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Industrial Control Transformers Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.80% between 2023 and 2028.
The major market drivers include increase in demand for power generation, and rising applications in chemicals and oil and gas end uses.
The key trends of the market are rising energy consumption, low maintenance and superior performance of industrial control transformers, and technological advancements.
The significant phase types of industrial control transformers are single phase and three phase.
The major power ratings of industrial control transformers in the market are 25-500 VA, 500-1,000 VA, 1,000-1,500 VA, and above 1,500 VA.
The various end uses of industrial control transformers in the market include chemical, power generation, oil and gas, and metal and mining, among others.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players of the industrial control transformers market, according to the report, are ABB Ltd., Siemens AG, Schneider Electric SE, Eaton Corporation plc, and General Electric Company, among others.
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