産業用制御変圧器市場 – 2030年までの世界予測

Industrial Control Transformer Market - Global Forecast To 2030

産業用制御変圧器市場 - 電力定格(25~500 VA、501~1,000 VA、1,001~1,500 VA、1,500 VA超)、一次電圧(最大120 V、121~240 V、240 V超)、周波数(50 Hz、60 Hz)、位相、最終用途、および地域別 - 2030年までの世界予測
Industrial Control Transformer Market by Power Rating (25–500 VA, 501–1,000 VA, 1,001–1,500 VA, above 1,500 VA), Primary Voltage (Up to 120 V, 121–240 V, above 240 V), Frequency (50 Hz, 60 Hz), Phase, End Use, and Region - Global Forecasts to 2030

商品番号 : SMB-18559

出版社MarketsandMarkets
出版年月2025年9月
ページ数265
図表数305
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、産業用制御変圧器市場を、相、電力定格、一次電圧、周波数、エンドユーザー、地域別に定義、説明、予測しています。また、市場の詳細な定性・定量分析も提供しています。主要な市場推進要因、制約要因、機会、課題を包括的に分析しています。さらに、競争環境の分析、市場ダイナミクス、市場規模予測、産業用制御変圧器市場の将来動向など、市場の様々な主要側面を網羅しています。

産業用制御変圧器市場は、2025年には11億4,000万米ドル、2030年には14億8,000万米ドルに達すると予測されており、予測期間中は年平均成長率(CAGR)5.3%を記録します。この成長は、産業用途における安定的かつ信頼性の高い電力供給に対する需要の高まり、自動化およびインダストリー4.0技術の導入拡大、そして製造・発電インフラの近代化に起因しています。再生可能エネルギープロジェクトへの投資増加と厳格なエネルギー効率規制は、高度な制御変圧器の必要性をさらに加速させています。さらに、老朽化し​​た設備の更新とスマート監視ソリューションの利用拡大は新たな機会を生み出し、市場の上昇傾向を強めています。

The industrial control transformer market is likely to be valued at USD 1.14 billion in 2025 and USD 1.48 billion by 2030, recording a CAGR of 5.3% during the forecast period. This growth is attributed to the increasing demand for stable and reliable power supply in industrial applications, the rising adoption of automation and Industry 4.0 technologies, and the modernization of manufacturing and power generation infrastructure. The increasing investment in renewable energy projects and the stringent energy efficiency regulations further accelerate the need for advanced control transformers. Additionally, the replacement of aging equipment and the growing use of smart monitoring solutions create new opportunities, reinforcing the market’s upward trajectory.

産業用制御変圧器市場 - 2030年までの世界予測
industrial-control-transformer-market-new

“Above 1,500 VA power rating is expected to account for the largest market share in 2030.”

By power rating, the above 1500 VA segment is anticipated to hold the largest share of the industrial control transformer market in 2030, owing to its critical role in heavy-duty industrial applications. These high-capacity transformers are increasingly deployed in energy-intensive sectors, such as oil & gas, metals & mining, chemicals, and large-scale power generation, where robust and stable voltage regulation is essential to support complex machinery and automation systems. The segmental growth is further fueled by the modernization of heavy industries, the increasing investment in renewable energy plants, and the expansion of large manufacturing facilities across emerging economies. As industries continue to demand durable, efficient, and high-performance solutions for uninterrupted operations, the above 1500 VA category is expected to witness strong adoption, positioning it as a key driver of overall market expansion.

“By primary voltage, up to 120 V is projected to be the second fastest-growing segment during the forecast period.”

The up to 120 V segment is expected to be the second fastest-growing category in the industrial control transformer market during the forecast period, supported by its widespread adoption in North America and the growing use across small to mid-scale industrial applications. These transformers are particularly well-suited for control circuits in automation panels, lighting, and low-voltage equipment, making them highly versatile across manufacturing, electronics, and building automation sectors. The segmental growth is further fueled by the increasing demand for compact, cost-effective, and energy-efficient solutions, as industries modernize operations and integrate smart control systems. With the expansion of automation in SMEs and the steady replacement of older low-voltage equipment, this segment is positioned to record strong growth momentum globally.

“Asia Pacific is likely to exhibit the highest CAGR in the industrial control transformer market between 2025 and 2030.”

Asia Pacific is projected to be the fastest-growing market for industrial control transformers during the forecast period, due to the rapid industrialization, urbanization, and large-scale investments in manufacturing and infrastructure development. China, India, Japan, and South Korea are leading the adoption of automation technologies and smart factory initiatives, creating strong demand for reliable control transformers to support advanced industrial operations. Additionally, the rising electricity consumption, expansion of renewable energy projects, and government-backed programs promoting energy efficiency further accelerate the market growth in the region. The increasing presence of global players and the emergence of competitive local manufacturers also enhance market accessibility, making the region a critical growth hub for the industrial control transformer industry.

Breakdown of Primaries:

In-depth interviews were conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 – 65%, Tier 2 – 24%, and Tier 3 – 11%
  • By Designation: C-level Executives – 25%, Directors – 30%, and Others – 45%
  • By Region: North America – 25%, Europe – 40%, Asia Pacific – 25%, Middle East & Africa – 5%, and South America – 5%

Note: Other designations include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2024. Tier 1: USD 1 billion and above, Tier 2: from USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

A few major players with a wide regional presence dominate the industrial control transformer market. The leading players in the industrial control transformer market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), GE Vernova (US), and Schneider Electric (France).

Study Coverage:

The report defines, describes, and forecasts the industrial control transformer market by phase, power rating, primary voltage, frequency, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various key aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the industrial control transformer market.

Key Benefits of Buying the Report:

  • Product Development/Innovation: Key drivers (Rise in energy consumption across industries), restraints (Rising implementation of carbon dioxide emission regulations), opportunities (Escalating chemical production), and challenges (Reduced coal mining activities) influence the market.
  • Market Development: In March 2025, ABB expanded its operations in the US to strengthen its global manufacturing capabilities. As part of this growth strategy, the company invested USD 120 million to scale up transformer production. This includes establishing a state-of-the-art manufacturing facility in Selmer, Tennessee, and expanding its operations in Senatobia, Mississippi, effectively doubling the site’s footprint.
  • Market Diversification: In February 2025, Eaton invested in a new manufacturing facility in South Carolina for its three-phase transformers, marking the company’s third facility in the United States. The image shows the transformers’ manufacturing process at the company’s facility in Wisconsin.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as ABB (Switzerland), Siemens (Germany), Eaton (Ireland), GE Vernova (US), and Schneider Electric (France), in the industrial control transformer market.

Table of Contents

1               INTRODUCTION              26

1.1           STUDY OBJECTIVES       26

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   27

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      27

1.3.2        INCLUSIONS AND EXCLUSIONS 28

1.3.3        YEARS CONSIDERED      29

1.4           CURRENCY CONSIDERED            30

1.5           LIMITATIONS    30

1.6           STAKEHOLDERS               30

1.7           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY DATA          33

2.1.1.1    List of key secondary sources              33

2.1.1.2    Key data from secondary sources       33

2.1.2        PRIMARY DATA 34

2.1.2.1    Key data from primary sources           34

2.1.2.2    Key industry insights           35

2.1.2.3    Breakdown of primaries      35

2.1.2.4    List of primary interview participants               36

2.2           MARKET BREAKDOWN AND DATA TRIANGULATION                 37

2.3           MARKET SIZE ESTIMATION         38

2.3.1        BOTTOM-UP APPROACH              38

2.3.2        TOP-DOWN APPROACH                39

2.3.3        DEMAND-SIDE ANALYSIS             40

2.3.3.1    Regional analysis  40

2.3.3.2    Country-level analysis          41

2.3.3.3    Demand-side assumptions 41

2.3.3.4    Demand-side calculations   41

2.3.4        SUPPLY-SIDE ANALYSIS                 42

2.3.4.1    Supply-side assumptions     43

2.3.4.2    Supply-side calculations      43

2.4           FORECAST          44

2.5           RESEARCH LIMITATIONS             44

2.6           RISK ANALYSIS  44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN

INDUSTRIAL CONTROL TRANSFORMER MARKET             51

4.2           INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION                51

4.3           INDUSTRIAL CONTROL TRANSFORMER MARKET IN

ASIA PACIFIC, BY END USE AND COUNTRY          52

4.4           INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE  52

4.5           INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING                53

4.6           INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE        53

4.7           INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY      54

4.8           INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE              54

5               MARKET OVERVIEW       55

5.1           INTRODUCTION              55

5.2           MARKET DYNAMICS       56

5.2.1        DRIVERS               56

5.2.1.1    Rising energy consumption across industries  56

5.2.1.2    Increasing requirement for smooth operations of industrial electrical equipment             58

5.2.2        RESTRAINTS      58

5.2.2.1    Rising implementation of carbon dioxide emission regulations                 58

5.2.3        OPPORTUNITIES              59

5.2.3.1    Escalating chemical production          59

5.2.3.2    Mounting demand for reliable power infrastructure amid rise in manufacturing       60

5.2.4        CHALLENGES    61

5.2.4.1    Reduced coal mining activities           61

5.2.4.2    Heavy losses due to voltage spikes    61

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            62

5.4           ECOSYSTEM ANALYSIS  63

5.5           VALUE CHAIN ANALYSIS               65

5.6           TECHNOLOGY ANALYSIS             66

5.6.1        DC POWER          66

5.7           PRICING ANALYSIS          67

5.7.1        PRICING RANGE OF INDUSTRIAL CONTROL TRANSFORMERS, BY PRIMARY VOLTAGE, 2024   67

5.8           KEY CONFERENCES AND EVENTS, 2025–2026        67

5.9           TARIFF AND REGULATORY LANDSCAPE               68

5.9.1        TARIFFS ANALYSIS          68

5.9.2        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             69

5.9.3        CODES AND REGULATIONS        73

5.10         TRADE ANALYSIS             74

5.10.1      IMPORT SCENARIO (HS CODE 8504)        74

5.10.2      EXPORT SCENARIO (HS CODE 8504)        75

5.11         PATENT ANALYSIS          77

5.12         PORTER’S FIVE FORCES ANALYSIS           79

5.12.1      THREAT OF SUBSTITUTES          80

5.12.2      BARGAINING POWER OF SUPPLIERS       80

5.12.3      BARGAINING POWER OF BUYERS             80

5.12.4      THREAT OF NEW ENTRANTS      80

5.12.5      INTENSITY OF COMPETITIVE RIVALRY 81

5.13         KEY STAKEHOLDERS AND BUYING CRITERIA     81

5.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           81

5.13.2      BUYING CRITERIA           82

5.14         INVESTMENT AND FUNDING SCENARIO               83

5.15         CASE STUDY ANALYSIS 83

5.15.1      EFACEC GROUP ADVOCATES USE OF MODELING SOFTWARE TO TEST TRANSFORMER DESIGNS  83

5.15.2      CONDITION-BASED MAINTENANCE (CBM) TECHNOLOGIES HELP DETECT EARLY WARNING SIGNS OF FAILURE IN TRANSFORMERS      84

5.16         IMPACT OF GEN AI/AI ON INDUSTRIAL CONTROL TRANSFORMER MARKET              84

5.16.1      ADOPTION OF GEN AI/AI IN INDUSTRIAL CONTROL TRANSFORMER MARKET              84

5.16.2      IMPACT OF GEN AI/AI ON INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION    85

5.17         IMPACT OF 2025 US TARIFF ON INDUSTRIAL CONTROL TRANSFORMER MARKET              87

5.17.1      INTRODUCTION              87

5.17.2      KEY TARIFF RATES          87

5.17.3      PRICE IMPACT ANALYSIS             88

5.17.4      IMPACT ON COUNTRIES/REGIONS         89

5.17.4.1  US           89

5.17.4.2  Europe   90

5.17.4.3  Asia Pacific            90

5.17.5      IMPACT ON END USES  91

6               INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE  92

6.1           INTRODUCTION              93

6.2           THREE-PHASE   94

6.2.1        EFFECTIVENESS IN CONTROLLING POWER FOR HIGH INDUSTRIAL LOADS TO BOOST SEGMENTAL GROWTH 94

6.3           SINGLE-PHASE 95

6.3.1        ABILITY TO MAINTAIN STEADY VOLTAGE AND SMOOTH OPERATION TO FOSTER SEGMENTAL GROWTH                 95

7               INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING                96

7.1           INTRODUCTION              97

7.2           25–500 VA             98

7.2.1        ABILITY TO ADJUST VOLTAGE AND PROTECT AGAINST RISK OF FIRE OR SHOCK TO BOLSTER SEGMENTAL GROWTH                 98

7.3           501–1,000 VA       99

7.3.1        NEED TO MAINTAIN CONSTANT VOLTAGE IN INDUSTRIAL PROCESSES TO AUGMENT SEGMENTAL GROWTH                 99

7.4           1,001–1,500 VA    100

7.4.1        FOCUS ON MAINTAINING SPEED OF MATERIAL HANDLING SYSTEMS IN INDUSTRIES TO BOOST DEMAND                 100

7.5           ABOVE 1,500 VA                 102

7.5.1        RISE IN OIL & GAS EXPLORATION AND NEED TO RETROFIT AGING INFRASTRUCTURE IN POWER PLANTS TO DRIVE MARKET 102

8               INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE        104

8.1           INTRODUCTION              105

8.2           UP TO 120 V        106

8.2.1        REQUIREMENT FOR LOW VOLTAGES IN SMALL RESIDENTIAL AND COMMERCIAL SPACES TO EXPEDITE SEGMENTAL GROWTH  106

8.3           121–240 V              107

8.3.1        USE TO CONTROL IN-RUSH CURRENT INTO MOTORS, VARIABLE DRIVE SYSTEMS, AND CONTROL PANELS TO FUEL SEGMENTAL GROWTH  107

8.4           ABOVE 240 V      108

8.4.1        RISING INDUSTRIAL AUTOMATION TO CONTRIBUTE TO SEGMENTAL GROWTH           108

9               INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY      109

9.1           INTRODUCTION              110

9.2           50 HZ     111

9.2.1        IMPLEMENTATION OF POWER SUPPLY REGULATIONS TO ACCELERATE SEGMENTAL GROWTH              111

9.3           60 HZ     112

9.3.1        GROWING FOCUS ON SMOOTH INDUSTRIAL OPERATIONS TO FOSTER SEGMENTAL GROWTH             112

10            INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE              114

10.1         INTRODUCTION              115

10.2         POWER GENERATION   116

10.2.1      RAPID ADVANCES IN PROTECTION RELAYS TO FUEL SEGMENTAL GROWTH  116

10.3         OIL & GAS            117

10.3.1      INCREASING INVESTMENT IN ENHANCED OIL RECOVERY EXPLORATION TO AUGMENT SEGMENTAL GROWTH             117

10.4         CHEMICALS        119

10.4.1      INCREASING ADOPTION OF PROCESS AUTOMATION AND DIGITALIZATION TO FUEL DEMAND           119

10.5         METALS & MINING          120

10.5.1      MOUNTING DEMAND FOR ROBUST ELECTRICAL INFRASTRUCTURE TO BOOST SEGMENTAL GROWTH    120

10.6         OTHER END USES            121

11            INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION                122

11.1         INTRODUCTION              123

11.2         ASIA PACIFIC     125

11.2.1      CHINA  130

11.2.1.1  Extensive energy consumption and environmental concerns to bolster market growth          130

11.2.2      INDIA    131

11.2.2.1  Mounting electricity demand due to expanding economy to fuel market growth       131

11.2.3      JAPAN   132

11.2.3.1  Growing emphasis on energy security and environmental sustainability to boost market growth                132

11.2.4      AUSTRALIA         133

11.2.4.1  Mounting power demand amid population growth to drive market    133

11.2.5      SOUTH KOREA  135

11.2.5.1  Strong commitment to supplying power through renewable energy to expedite market growth     135

11.2.5.2  Rest of Asia Pacific               136

11.3         NORTH AMERICA             137

11.3.1      US           142

11.3.1.1  Increasing production of crude oil and related products to drive market    142

11.3.2      CANADA               143

11.3.2.1  Growing focus on smart grid infrastructure and clean energy initiatives to boost market growth     143

11.3.3      MEXICO                144

11.3.3.1  Emergence as primary offshore energy production zone to contribute to market growth               144

11.4         EUROPE               146

11.4.1      GERMANY           150

11.4.1.1  Increasing investment in industrial automation to bolster market growth    150

11.4.2      ITALY    151

11.4.2.1  Rising focus on sustainable, less polluting, and efficient chemicals to augment market growth  151

11.4.3      UK          152

11.4.3.1  Aging infrastructure and increased risk of blackouts to fuel market growth       152

11.4.4      FRANCE                153

11.4.4.1  Increasing investment in renewable energy innovation projects to accelerate market growth    153

11.4.5      SPAIN    154

11.4.5.1  Growing emphasis on decarbonization and digitalization to boost market growth       154

11.4.5.2  Rest of Europe      155

11.5         SOUTH AMERICA             156

11.5.1      BRAZIL 159

11.5.1.1  Increasing investment in offshore exploration to contribute to market growth       159

11.5.2      ARGENTINA       160

11.5.2.1  Rapid industrial and infrastructural developments to boost market growth       160

11.5.3      REST OF SOUTH AMERICA           161

11.6         MIDDLE EAST & AFRICA                162

11.6.1      GCC       165

11.6.1.1  Saudi Arabia          166

11.6.1.1.1                Growing emphasis on reducing carbon emissions to accelerate market growth    166

11.6.1.2  UAE        167

11.6.1.2.1                Strong push toward modernizing and upgrading aging power plants to boost market growth                 167

11.6.1.3  Rest of GCC          168

11.6.2      SOUTH AFRICA 169

11.6.2.1  Mounting power demand and infrastructure development to fuel market growth       169

11.6.3      REST OF MIDDLE EAST & AFRICA             170

12            COMPETITIVE LANDSCAPE         172

12.1         OVERVIEW          172

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 172

12.3         MARKET SHARE ANALYSIS, 2024                 174

12.4         REVENUE ANALYSIS, 2020–2024  178

12.5         COMPANY VALUATION AND FINANCIAL METRICS                 179

12.6         PRODUCT COMPARISON              180

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 181

12.7.1      STARS   181

12.7.2      EMERGING LEADERS     181

12.7.3      PERVASIVE PLAYERS      181

12.7.4      PARTICIPANTS 181

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         183

12.7.5.1  Company footprint               183

12.7.5.2  Region footprint   184

12.7.5.3  Phase footprint     185

12.7.5.4  Power rating footprint         186

12.7.5.5  Primary voltage footprint    187

12.7.5.6  End use footprint  188

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        189

12.8.1      PROGRESSIVE COMPANIES         189

12.8.2      RESPONSIVE COMPANIES            189

12.8.3      DYNAMIC COMPANIES  189

12.8.4      STARTING BLOCKS         189

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 191

12.8.5.1  Detailed list of key startups/SMEs    191

12.8.5.2  Competitive benchmarking of key startups/SMEs          191

12.9         COMPETITIVE SCENARIO             192

12.9.1      PRODUCT LAUNCHES   192

12.9.2      DEALS  194

12.9.3      EXPANSIONS     196

12.9.4      OTHER DEVELOPMENTS              199

13            COMPANY PROFILES      201

13.1         KEY PLAYERS     201

13.1.1      ABB        201

13.1.1.1  Business overview 201

13.1.1.2  Products/Solutions/Services offered 202

13.1.1.3  Recent developments           204

13.1.1.3.1                Product launches  204

13.1.1.3.2                Deals      205

13.1.1.3.3                Expansions             206

13.1.1.3.4                Other developments             206

13.1.1.4  MnM view              207

13.1.1.4.1                Key strengths/Right to win 207

13.1.1.4.2                Strategic choices   207

13.1.1.4.3                Weaknesses/Competitive threats       207

13.1.2      SCHNEIDER ELECTRIC  208

13.1.2.1  Business overview 208

13.1.2.2  Products/Solutions/Services offered 209

13.1.2.3  Recent developments           210

13.1.2.3.1                Product launches  210

13.1.2.3.2                Deals      210

13.1.2.3.3                Expansions             211

13.1.2.3.4                Other developments             213

13.1.2.4  MnM view              213

13.1.2.4.1                Key strengths/Right to win 213

13.1.2.4.2                Strategic choices   213

13.1.2.4.3                Weaknesses/Competitive threats       214

13.1.3      SIEMENS              215

13.1.3.1  Business overview 215

13.1.3.2  Products/Solutions/Services offered 216

13.1.3.3  Recent developments           217

13.1.3.3.1                Product launches  217

13.1.3.3.2                Deals      217

13.1.3.3.3                Expansions             218

13.1.3.4  MnM view              218

13.1.3.4.1                Key strengths/Right to win 218

13.1.3.4.2                Strategic choices   218

13.1.3.4.3                Weaknesses/Competitive threats       219

13.1.4      GE VERNOVA     220

13.1.4.1  Business overview 220

13.1.4.2  Products/Solutions/Services offered 221

13.1.4.3  Recent developments           222

13.1.4.3.1                Product launches  222

13.1.4.3.2                Deals      223

13.1.4.3.3                Expansions             223

13.1.4.3.4                Other developments             224

13.1.4.4  MnM view              225

13.1.4.4.1                Key strengths/Right to win 225

13.1.4.4.2                Strategic choices   226

13.1.4.4.3                Weaknesses/Competitive threats       226

13.1.5      EATON 227

13.1.5.1  Business overview 227

13.1.5.2  Products/Solutions/Services offered 229

13.1.5.3  Recent developments           230

13.1.5.3.1                Deals      230

13.1.5.3.2                Expansions             231

13.1.5.3.3                Other developments             231

13.1.5.4  MnM view              233

13.1.5.4.1                Key strengths/Right to win 233

13.1.5.4.2                Strategic choices   233

13.1.5.4.3                Weaknesses/Competitive threats       233

13.1.6      EMERSON ELECTRIC CO.              234

13.1.6.1  Business overview 234

13.1.6.2  Products/Solutions/Services offered 235

13.1.7      ROCKWELL AUTOMATION          236

13.1.7.1  Business overview 236

13.1.7.2  Products/Solutions/Services offered 238

13.1.8      HUBBELL             239

13.1.8.1  Business overview 239

13.1.8.2  Products/Solutions/Services offered 241

13.1.8.3  Recent developments           241

13.1.8.3.1                Deals      241

13.1.9      BOARDMAN TRANSFORMERS    242

13.1.9.1  Business overview 242

13.1.9.2  Products/Solutions/Services offered 242

13.1.10   MCI TRANSFORMER CORPORATION       244

13.1.10.1                 Business overview 244

13.1.10.2                 Products/Solutions/Services offered 244

13.1.11   DONGAN ELECTRIC MANUFACTURING COMPANY                 245

13.1.11.1                 Business overview 245

13.1.11.2                 Products/Solutions/Services offered 245

13.1.12   FOSTER TRANSFORMER COMPANY         247

13.1.12.1                 Business overview 247

13.1.12.2                 Products/Solutions/Services offered 248

13.1.13   TEMCO INDUSTRIAL      249

13.1.13.1                 Business overview 249

13.1.13.2                 Products/Solutions/Services offered 249

13.1.14   GEESYS TECHNOLOGIES (INDIA) PVT. LTD.        250

13.1.14.1                 Business overview 250

13.1.14.2                 Products/Solutions/Services offered 250

13.1.15   CONTROLLED MAGNETICS INCORPORATED     251

13.1.15.1                 Business overview 251

13.1.15.2                 Products/Solutions/Services offered 251

13.2         OTHER PLAYERS              252

13.2.1      CUSTOM COILS                 252

13.2.2      TROYTRANS       252

13.2.3      RECO TRANSFORMERS PVT LTD               253

13.2.4      TRUTECH PRODUCTS   253

13.2.5      GRANT TRANSFORMERS               254

14            APPENDIX           255

14.1         INSIGHTS FROM INDUSTRY EXPERTS     255

14.2         DISCUSSION GUIDE        256

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                261

14.4         CUSTOMIZATION OPTIONS        263

14.5         RELATED REPORTS         263

14.6         AUTHOR DETAILS           264

LIST OF TABLES

TABLE 1                INDUSTRIAL CONTROL TRANSFORMER MARKET: INCLUSIONS AND EXCLUSIONS             28

TABLE 2                MAJOR SECONDARY SOURCES  33

TABLE 3                DATA CAPTURED FROM PRIMARY SOURCES                 34

TABLE 4                PRIMARY INTERVIEW PARTICIPANTS, BY COMPANY           36

TABLE 5                INDUSTRIAL CONTROL TRANSFORMER MARKET: RISK ANALYSIS              44

TABLE 6                INDUSTRIAL CONTROL TRANSFORMER MARKET SNAPSHOT       45

TABLE 7                ROLE OF COMPANIES IN INDUSTRIAL CONTROL TRANSFORMER ECOSYSTEM                63

TABLE 8                PRICING RANGE OF INDUSTRIAL CONTROL TRANSFORMERS, BY PRIMARY VOLTAGE, 2024 (USD)     67

TABLE 9                LIST OF KEY CONFERENCES AND EVENTS, 2025–2026        67

TABLE 10              MFN TARIFF FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY, 2024 68

TABLE 11              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 69

TABLE 12              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           70

TABLE 13              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 71

TABLE 14              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             72

TABLE 15              MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             72

TABLE 16              INDUSTRIAL CONTROL TRANSFORMER CODES AND REGULATIONS       73

TABLE 17              IMPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      74

TABLE 18              EXPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD THOUSAND)      75

TABLE 19              LIST OF KEY PATENTS, 2022–2025              78

TABLE 20              IMPACT OF PORTER’S FIVE FORCES        79

TABLE 21              INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS

FOR TOP THREE END USES (%) 81

TABLE 22              KEY BUYING CRITERIA FOR TOP THREE END USES      82

TABLE 23              US-ADJUSTED RECIPROCAL TARIFF RATES                 87

TABLE 24              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE APPLICATIONS DUE TO TARIFF   89

TABLE 25              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            93

TABLE 26              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            93

TABLE 27              THREE-PHASE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)                 94

TABLE 28              THREE-PHASE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)                 94

TABLE 29              SINGLE-PHASE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)                 95

TABLE 30              SINGLE-PHASE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)                 95

TABLE 31              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            97

TABLE 32              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            98

TABLE 33              25–500 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            98

TABLE 34              25–500 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            99

TABLE 35              501–1,000 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)                 99

TABLE 36              501–1,000 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)                 100

TABLE 37              1,001–1,500 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)                 101

TABLE 38              1,001–1,500 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)                 101

TABLE 39              ABOVE 1,500 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)                 102

TABLE 40              ABOVE 1,500 VA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)                 102

TABLE 41              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE,

2021–2024 (USD MILLION)            105

TABLE 42              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE,

2025–2030 (USD MILLION)          105

TABLE 43              UP TO 120 V: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            106

TABLE 44              UP TO 120 V: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            106

TABLE 45              121–240 V: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            107

TABLE 46              121–240 V: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            107

TABLE 47              ABOVE 240 V: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 48              ABOVE 240 V: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            108

TABLE 49              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY,

2021–2024 (USD MILLION)            110

TABLE 50              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY,

2025–2030 (USD MILLION)            110

TABLE 51              50 HZ: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            111

TABLE 52              50 HZ: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            111

TABLE 53              60 HZ: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            112

TABLE 54              60 HZ: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            112

TABLE 55              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE,

2021–2024 (USD MILLION)            115

TABLE 56              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE,

2025–2030 (USD MILLION)            116

TABLE 57              POWER GENERATION: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY REGION, 2021–2024 (USD MILLION)   117

TABLE 58              POWER GENERATION: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY REGION, 2025–2030 (USD MILLION)   117

TABLE 59              OIL & GAS: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            118

TABLE 60              OIL & GAS: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            118

TABLE 61              CHEMICALS: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            119

TABLE 62              CHEMICALS: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            119

TABLE 63              METALS & MINING: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)                 120

TABLE 64              METALS & MINING: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)                 120

TABLE 65              OTHER END USES: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2021–2024 (USD MILLION)                 121

TABLE 66              OTHER END USES: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION, 2025–2030 (USD MILLION)                 121

TABLE 67              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2021–2024 (USD MILLION)            124

TABLE 68              INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION,

2025–2030 (USD MILLION)            124

TABLE 69              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            126

TABLE 70              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            126

TABLE 71              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2021–2024 (USD MILLION)            127

TABLE 72              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2025–2030 (USD MILLION)            127

TABLE 73              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 127

TABLE 74              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 128

TABLE 75              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY, 2021–2024 (USD MILLION)            128

TABLE 76              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY, 2025–2030 (USD MILLION)            128

TABLE 77              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE, 2021–2024 (USD MILLION)            128

TABLE 78              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE, 2025–2030 (USD MILLION)            129

TABLE 79              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            129

TABLE 80              ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            129

TABLE 81              CHINA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 130

TABLE 82              CHINA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 131

TABLE 83              INDIA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 132

TABLE 84              INDIA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 132

TABLE 85              JAPAN: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 133

TABLE 86              JAPAN: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 133

TABLE 87              AUSTRALIA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 134

TABLE 88              AUSTRALIA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 134

TABLE 89              SOUTH KOREA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 135

TABLE 90              SOUTH KOREA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 135

TABLE 91              REST OF ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)            136

TABLE 92              REST OF ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)            137

TABLE 93              NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)                 138

TABLE 94              NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)                 138

TABLE 95              NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2021–2024 (USD MILLION)            139

TABLE 96              NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2025–2030 (USD MILLION)            139

TABLE 97              NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 139

TABLE 98              NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 140

TABLE 99              NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY FREQUENCY, 2021–2024 (USD MILLION)          140

TABLE 100            NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY FREQUENCY, 2025–2030 (USD MILLION)          140

TABLE 101            NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE, 2021–2024 (USD MILLION)            141

TABLE 102            NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE, 2025–2030 (USD MILLION)            141

TABLE 103            NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            141

TABLE 104            NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            142

TABLE 105            US: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 143

TABLE 106            US: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 143

TABLE 107            CANADA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 144

TABLE 108            CANADA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 144

TABLE 109            MEXICO: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 145

TABLE 110            MEXICO: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 145

TABLE 111            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE,

2021–2024 (USD MILLION)            146

TABLE 112            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE,

2025–2030 (USD MILLION)            146

TABLE 113            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2021–2024 (USD MILLION)            147

TABLE 114            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2025–2030 (USD MILLION)            147

TABLE 115            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 147

TABLE 116            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 148

TABLE 117            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY,

2021–2024 (USD MILLION)            148

TABLE 118            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY,

2025–2030 (USD MILLION)            148

TABLE 119            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE,

2021–2024 (USD MILLION)            149

TABLE 120            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE,

2025–2030 (USD MILLION)            149

TABLE 121            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            149

TABLE 122            EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            150

TABLE 123            GERMANY: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 150

TABLE 124            GERMANY: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 151

TABLE 125            ITALY: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 151

TABLE 126            ITALY: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 151

TABLE 127            UK: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 152

TABLE 128            UK: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 152

TABLE 129            FRANCE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 153

TABLE 130            FRANCE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 153

TABLE 131            SPAIN: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 154

TABLE 132            SPAIN: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 154

TABLE 133            REST OF EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 155

TABLE 134            REST OF EUROPE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 155

TABLE 135            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE, 2021–2024 (USD MILLION)                 156

TABLE 136            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE, 2025–2030 (USD MILLION)                 156

TABLE 137            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2021–2024 (USD MILLION)            156

TABLE 138            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2025–2030 (USD MILLION)            157

TABLE 139            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 157

TABLE 140            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 157

TABLE 141            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY, 2021–2024 (USD MILLION)            157

TABLE 142            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY, 2025–2030 (USD MILLION)            158

TABLE 143            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE, 2021–2024 (USD MILLION)            158

TABLE 144            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USE, 2025–2030 (USD MILLION)            158

TABLE 145            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            159

TABLE 146            SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            159

TABLE 147            BRAZIL: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 160

TABLE 148            BRAZIL: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 160

TABLE 149            ARGENTINA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 161

TABLE 150            ARGENTINA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 161

TABLE 151            REST OF SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)            162

TABLE 152            REST OF SOUTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)            162

TABLE 153            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PHASE, 2021–2024 (USD MILLION)      162

TABLE 154            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PHASE, 2025–2030 (USD MILLION)      163

TABLE 155            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY POWER RATING, 2021–2024 (USD MILLION)   163

TABLE 156            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY POWER RATING, 2025–2030 (USD MILLION)   163

TABLE 157            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)            163

TABLE 158            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)            164

TABLE 159            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY FREQUENCY, 2021–2024 (USD MILLION)          164

TABLE 160            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY FREQUENCY, 2025–2030 (USD MILLION)          164

TABLE 161            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY END USE, 2021–2024 (USD MILLION) 164

TABLE 162            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY END USE, 2025–2030 (USD MILLION) 165

TABLE 163            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY COUNTRY, 2021–2024 (USD MILLION)               165

TABLE 164            MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               165

TABLE 165            GCC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            166

TABLE 166            GCC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            166

TABLE 167            SAUDI ARABIA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 167

TABLE 168            SAUDI ARABIA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 167

TABLE 169            UAE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)                 168

TABLE 170            UAE: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)                 168

TABLE 171            REST OF GCC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 169

TABLE 172            REST OF GCC: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 169

TABLE 173            SOUTH AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION) 170

TABLE 174            SOUTH AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION) 170

TABLE 175            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2021–2024 (USD MILLION)            171

TABLE 176            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE, 2025–2030 (USD MILLION)            171

TABLE 177            OVERVIEW OF KEY STRATEGIES ADOPTED BY KEY PLAYERS,

JANUARY 2022–JUNE 2025              172

TABLE 178            INDUSTRIAL CONTROL TRANSFORMER MARKET: DEGREE OF COMPETITION, 2024          174

TABLE 179            INDUSTRIAL CONTROL TRANSFORMER MARKET: REGION FOOTPRINT 184

TABLE 180            INDUSTRIAL CONTROL TRANSFORMER MARKET: PHASE FOOTPRINT    185

TABLE 181            INDUSTRIAL CONTROL TRANSFORMER MARKET: POWER RATING FOOTPRINT 186

TABLE 182            INDUSTRIAL CONTROL TRANSFORMER MARKET: PRIMARY VOLTAGE FOOTPRINT          187

TABLE 183            INDUSTRIAL CONTROL TRANSFORMER MARKET: END USE FOOTPRINT                188

TABLE 184            INDUSTRIAL CONTROL TRANSFORMER MARKET: DETAILED LIST OF KEY STARTUPS/SMES         191

TABLE 185            INDUSTRIAL CONTROL TRANSFORMER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              191

TABLE 186            INDUSTRIAL CONTROL TRANSFORMER MARKET: PRODUCT LAUNCHES, JANUARY 2022–JUNE 2025                 192

TABLE 187            INDUSTRIAL CONTROL TRANSFORMER MARKET: DEALS,

JANUARY 2022–JUNE 2025              194

TABLE 188            INDUSTRIAL CONTROL TRANSFORMER MARKET: EXPANSIONS,

JANUARY 2022–JUNE 2025              196

TABLE 189            INDUSTRIAL CONTROL TRANSFORMER MARKET: OTHER DEVELOPMENTS, JANUARY 2022–JUNE 2025                 199

TABLE 190            ABB: COMPANY OVERVIEW         201

TABLE 191            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             202

TABLE 192            ABB: PRODUCT LAUNCHES         204

TABLE 193            ABB: DEALS        205

TABLE 194            ABB: EXPANSIONS           206

TABLE 195            ABB: OTHER DEVELOPMENTS   206

TABLE 196            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 208

TABLE 197            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    209

TABLE 198            SCHNEIDER ELECTRIC: PRODUCT LAUNCHES                 210

TABLE 199            SCHNEIDER ELECTRIC: DEALS  210

TABLE 200            SCHNEIDER ELECTRIC: EXPANSIONS     211

TABLE 201            SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS              213

TABLE 202            SIEMENS: COMPANY OVERVIEW               215

TABLE 203            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             216

TABLE 204            SIEMENS: PRODUCT LAUNCHES               217

TABLE 205            SIEMENS: DEALS               217

TABLE 206            SIEMENS: EXPANSIONS 218

TABLE 207            GE VERNOVA: COMPANY OVERVIEW      220

TABLE 208            GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221

TABLE 209            GE VERNOVA: PRODUCT LAUNCHES      222

TABLE 210            GE VERNOVA: DEALS     223

TABLE 211            GE VERNOVA: EXPANSIONS        223

TABLE 212            GE VERNOVA: OTHER DEVELOPMENTS                 224

TABLE 213            EATON: COMPANY OVERVIEW  227

TABLE 214            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             229

TABLE 215            EATON: DEALS 230

TABLE 216            EATON: EXPANSIONS    231

TABLE 217            EATON: OTHER DEVELOPMENTS            231

TABLE 218            EMERSON ELECTRIC CO.: COMPANY OVERVIEW                 234

TABLE 219            EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    235

TABLE 220            ROCKWELL AUTOMATION: COMPANY OVERVIEW          236

TABLE 221            ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    238

TABLE 222            HUBBELL: COMPANY OVERVIEW              239

TABLE 223            HUBBELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             241

TABLE 224            HUBBELL: DEALS             241

TABLE 225            BOARDMAN TRANSFORMERS: COMPANY OVERVIEW          242

TABLE 226            BROADMAN TRANSFORMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    242

TABLE 227            MCI TRANSFORMER CORPORATION: COMPANY OVERVIEW          244

TABLE 228            MCI TRANSFORMER CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    244

TABLE 229            DONGAN ELECTRIC MANUFACTURING COMPANY: COMPANY OVERVIEW            245

TABLE 230            DONGAN ELECTRIC MANUFACTURING COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 245

TABLE 231            FOSTER TRANSFORMER COMPANY: COMPANY OVERVIEW          247

TABLE 232            FOSTER TRANSFORMER COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    248

TABLE 233            TEMCO INDUSTRIAL: COMPANY OVERVIEW                 249

TABLE 234            TEMCO INDUSTRIAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    249

TABLE 235            GEESYS TECHNOLOGIES (INDIA) PVT. LTD.: COMPANY OVERVIEW   250

TABLE 236            GEESYS TECHNOLOGIES (INDIA) PVT. LTD.:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    250

TABLE 237            CONTROLLED MAGNETICS INCORPORATED: COMPANY OVERVIEW   251

TABLE 238            CONTROLLED MAGNETICS INCORPORATED:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

LIST OF FIGURES

FIGURE 1              INDUSTRIAL CONTROL TRANSFORMER MARKET

SEGMENTATION AND REGIONAL SCOPE              27

FIGURE 2              DURATION COVERED   29

FIGURE 3              INDUSTRIAL CONTROL TRANSFORMER MARKET: RESEARCH DESIGN     32

FIGURE 4              DATA CAPTURED FROM SECONDARY SOURCES                 33

FIGURE 5              CORE FINDINGS FROM INDUSTRY EXPERTS                 35

FIGURE 6              BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE,

DESIGNATION, AND REGION     35

FIGURE 7              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR INDUSTRIAL CONTROL TRANSFORMERS                 36

FIGURE 8              INDUSTRIAL CONTROL TRANSFORMER MARKET: DATA TRIANGULATION            37

FIGURE 9              INDUSTRIAL CONTROL TRANSFORMER MARKET: BOTTOM-UP APPROACH          38

FIGURE 10            INDUSTRIAL CONTROL TRANSFORMER MARKET: TOP-DOWN APPROACH            39

FIGURE 11            KEY STEPS CONSIDERED TO ASSESS SUPPLY OF INDUSTRIAL CONTROL TRANSFORMERS              42

FIGURE 12            INDUSTRIAL CONTROL TRANSFORMER MARKET: SUPPLY-SIDE ANALYSIS            43

FIGURE 13            ASIA PACIFIC TO HOLD LARGEST SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2025                 46

FIGURE 14            THREE-PHASE SEGMENT TO DOMINATE MARKET BETWEEN 2025 AND 2030            47

FIGURE 15            ABOVE 1,500 VA SEGMENT TO DOMINATE INDUSTRIAL CONTROL TRANSFORMER MARKET FROM 2025 TO 2030        48

FIGURE 16            121–240 V SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2025 TO 2030             48

FIGURE 17            50 HZ SEGMENT TO CAPTURE LARGER SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2025                 49

FIGURE 18            POWER GENERATION SEGMENT TO DOMINATE

MARKET BETWEEN 2025 AND 2030            50

FIGURE 19            RISING ENERGY CONSUMPTION ACROSS INDUSTRIES TO DRIVE MARKET BETWEEN 2025 AND 2030                 51

FIGURE 20            ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       51

FIGURE 21            POWER GENERATION SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2024         52

FIGURE 22            THREE-PHASE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2030               52

FIGURE 23            ABOVE 1,500 VA SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2030        53

FIGURE 24            121–240 V SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2030                 53

FIGURE 25            50 HZ SEGMENT TO HOLD LARGER MARKET SHARE IN 2030   54

FIGURE 26            POWER GENERATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030             54

FIGURE 27            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    56

FIGURE 28            GLOBAL ELECTRICITY GENERATION, BY REGION, 2014–2024           57

FIGURE 29            GLOBAL CO2 EMISSION FROM ELECTRICITY GENERATION, 2014–2026                59

FIGURE 30            OUTLOOK FOR CHEMICAL PRODUCTION 2025 AND 2025-2027

(EXCLUDING PHARMACEUTICALS)         60

FIGURE 31            SHARE OF UNABATED COAL-FIRED POWER GENERATION IN

NET-ZERO SCENARIO, 2010–2050                61

FIGURE 32            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   62

FIGURE 33            ECOSYSTEM ANALYSIS  63

FIGURE 34            VALUE CHAIN ANALYSIS               65

FIGURE 35            IMPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024             75

FIGURE 36            EXPORT DATA FOR HS CODE 8504-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024             76

FIGURE 37            PATENTS GRANTED AND APPLIED, 2014–2025                 77

FIGURE 38            PORTER’S FIVE FORCES ANALYSIS           79

FIGURE 39            INFLUENCE OF KEY STAKEHOLDERS ON BUYING

PROCESS FOR TOP THREE END USES     81

FIGURE 40            KEY BUYING CRITERIA FOR TOP THREE END USES      82

FIGURE 41            INVESTMENT AND FUNDING SCENARIO                 83

FIGURE 42            IMPACT OF GEN AI/AI ON INDUSTRIAL CONTROL TRANSFORMER MARKET,

BY REGION         86

FIGURE 43            THREE-PHASE SEGMENT TO CAPTURE LARGER SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2024        93

FIGURE 44            INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING, 2024           97

FIGURE 45            121–240 V SEGMENT CAPTURED LARGEST SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2024        105

FIGURE 46            50 HZ SEGMENT HELD LARGEST SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2024                 110

FIGURE 47            POWER GENERATION SEGMENT ACCOUNTED

FOR LARGEST MARKET SHARE IN 2024   115

FIGURE 48            ASIA PACIFIC CAPTURED LARGEST SHARE OF INDUSTRIAL CONTROL TRANSFORMER MARKET IN 2024                 123

FIGURE 49            ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN INDUSTRIAL CONTROL TRANSFORMER MARKET FROM 2025 TO 2030        124

FIGURE 50            ASIA PACIFIC: INDUSTRIAL CONTROL TRANSFORMER MARKET SNAPSHOT      126

FIGURE 51            NORTH AMERICA: INDUSTRIAL CONTROL TRANSFORMER MARKET SNAPSHOT      138

FIGURE 52            MARKET SHARE ANALYSIS OF COMPANIES OFFERING INDUSTRIAL CONTROL TRANSFORMERS, 2024                 175

FIGURE 53            INDUSTRIAL CONTROL TRANSFORMER MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024                 178

FIGURE 54            COMPANY VALUATION 179

FIGURE 55            FINANCIAL METRICS (EV/EBITDA)          179

FIGURE 56            PRODUCT COMPARISON              180

FIGURE 57            INDUSTRIAL CONTROL TRANSFORMER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024                 182

FIGURE 58            INDUSTRIAL CONTROL TRANSFORMER MARKET: COMPANY FOOTPRINT             183

FIGURE 59            INDUSTRIAL CONTROL TRANSFORMER MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024        190

FIGURE 60            ABB: COMPANY SNAPSHOT        202

FIGURE 61            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 209

FIGURE 62            SIEMENS: COMPANY SNAPSHOT               216

FIGURE 63            GE VERNOVA: COMPANY SNAPSHOT     221

FIGURE 64            EATON: COMPANY SNAPSHOT  228

FIGURE 65            EMERSON ELECTRIC CO.: COMPANY SNAPSHOT                 235

FIGURE 66            ROCKWELL AUTOMATION: COMPANY SNAPSHOT          237

FIGURE 67            HUBBELL: COMPANY SNAPSHOT             240