The demand for industrial control transformers is driven by the need for safe and efficient power distribution in various industrial applications. These transformers are widely used in automation and control systems, and their demand is expected to grow in line with the increasing automation of industrial processes. In addition, the growing adoption of renewable energy sources is also expected to drive the demand for industrial control transformers, as these devices play a crucial role in stepping up or stepping down voltage levels.
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The demand for industrial control transformers is also influenced by various government regulations and standards aimed at ensuring safety, reliability, and energy efficiency in industrial operations. For instance, in the US, the National Electrical Manufacturers Association (NEMA) sets standards for industrial control transformers, while in Europe, the International Electrotechnical Commission (IEC) and the European Committee for Electrotechnical Standardization (CENELEC) regulate the use of these devices.
Industrial Control Transformer Market Overview
The industrial control transformer market share is expected to surface at USD 1138 million with a CAGR of 5.12% during the forecast for the 2022-2030 market.
Market segmentation
By Phase type
- Three Phase
- Single Phase
By power rating
- 1,500 VA
- 1,000 to 1,500 VA
- 500 to 1,000 VA
- 25 to 500 VA
By end-users
- Food and beverage
- Oil and gas
- Chemical
- Power generation
- Metal and mining
- Water and glass
- Cement and pulp
By region
- North America
- Europe
- South America
- Asia-Pacific
- Middle east
Key Players
- MCI Transformers (US)
- Broadman Transformers (UK)
- Rockwell Automation (US)
- Hubbell (US)
- General Electric (US)
- Eaton (Ireland)
- ABB (Switzerland)
- Siemens AG (Germany)
- Schneider Electric (France)
- Emerson Electric Co. (US)
- Electric Hammond Power Solutions (Canada)
- Dongan Electric Manufacturing Co. (US)
- SNC Manufacturing Co. Ltd (US)
- Foster Transformer Company (US).
