Industrial Control Transformer Market
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
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The global industrial control transformer market is projected to be valued at USD 1.14 billion in 2025 and increase to USD 1.48 billion by 2030, with a compound annual growth rate (CAGR) of 5.3% during the forecast period. The market is experiencing strong growth due to the rising demand for reliable and efficient power supply solutions across various industrial sectors. As industries continue to automate processes and adopt advanced machinery, the importance of dependable voltage regulation becomes essential, particularly in sectors such as oil & gas, chemicals, metals, and mining.
KEY TAKEAWAYS
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BY TECHNOLOGYThe 121–240 V segment is likely to be the fastest-growing, favored for safety, efficiency, and broad industrial compatibility across machinery and equipment.
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BY PHASEThe 50 Hz frequency dominates due to its prevalence in Asia Pacific, Europe, Middle East, and Africa, driven by rapid industrialization in emerging economies.
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BY VOLTAGEThe above 1500 VA segment leads growth, essential for heavy-duty applications in energy-intensive sectors like oil & gas, metals, and chemicals.
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BY PHASEThe three-phase segment dominates the industrial control transformer market driven by its efficiency and capacity to support large industrial operations. This segment's suitability for high power loads and stable voltage delivery makes it essential for complex, energy-intensive applications.
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BY APPLICATIONThe power generation sector commands the largest share, fueled by rising demand for reliable infrastructure across conventional and renewable energy plants.
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BY REGIONAsia Pacific is the fastest-growing market owing to rapid industrialization, urbanization, and investments in manufacturing and infrastructure development.
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COMPETITIVE LANDSCAPEThe industrial control transformer market is moderate with leading global players such as ABB, Siemens, Schneider Electric, Eaton, and GE Vernova. These companies are actively implementing both organic and inorganic growth strategies to solidify their market positions. Strategic initiatives include product launches focused on high-efficiency and compact transformer designs, acquisitions to expand geographic reach and capabilities, and investments in digitalization and smart-grid integration technologies.
The market is experiencing robust growth due to the increasing demand for stable and efficient power supply solutions across diverse industrial applications. As industries continue to automate processes and adopt advanced machinery, the need for reliable voltage regulation becomes critical, especially in sectors such as oil & gas, chemicals, metals & mining. Additionally, the expansion of power generation infrastructure and the modernization initiatives in aging electrical systems fuel transformer deployment. Regulatory pressures for energy efficiency and the rising adoption of smart grid technologies further accelerate market momentum, particularly in emerging economies undergoing rapid industrialization.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
In the next few years, the prime focus of the industries will be on optimizing production by moving towards digitalization, smart technology, automation, and the incorporation of AI and IoT. Energy efficiency is at the forefront as economies worldwide are working towards achieving sustainability and net-zero carbon emissions. As a result, the demand for energy-efficient switchgear, motivated by new government mandates and regulations, will result in the development of advanced control transformers with smart, electronic features, in line with Industry 4.0, that will enable better system integration. Industrial Control Transformer Manufacturers will focus on constant innovation to sustain growth, as the convergence of automation with the process equipment industry is imminent.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Level
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Rise in energy consumption across industries
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Rise in energy consumption across industries
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Rising implementation of carbon dioxide emission regulations
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Increased demand for chemicals and petrochemicals
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Growth in manufacturing sector
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Reduced coal mining activities
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Heavy losses due to voltage spikes present operational and technical challenges for manufacturers and end users
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Rise in energy consumption across industries
The surge in energy consumption across industrial sectors is a key driver for the industrial control transformer market. As industries expand operations and integrate energy-intensive machinery and automation systems, the demand for consistent and efficient power distribution has intensified. Oil & gas, chemicals, and metals & mining sectors are witnessing heightened energy requirements due to increased production activities and infrastructure upgrades. This increasing energy footprint necessitates robust voltage regulation and protection solutions, positioning industrial control transformers as critical components for ensuring operational reliability and energy efficiency. Consequently, the market is poised for sustained growth, supported by the global push toward industrial modernization and energy optimization.
Restraint: Rising implementation of carbon dioxide emission regulations
Industrial control transformers, though relatively small in capacity compared to grid-scale equipment, still contribute to CO2 emissions—both during their energy-intensive manufacturing phase and through operational losses over their lifecycle. As global regulators tighten emission control measures, these devices face increasing costs and compliance pressures. In the US, the Department of Energy has adopted stricter energy conservation standards for distribution transformers. Starting April 2029, these revised standards require higher efficiency levels—reducing energy losses by more than 5% for many units—resulting in lower CO2 emissions during operation. While these measures promote energy savings, they also lead to higher R&D and manufacturing costs as companies upgrade design and production capabilities to meet the new requirements. These evolving regulatory frameworks present significant challenges for industrial control manufacturers.
Opportunity: Increased demand for chemicals and petrochemicals
Industrial control transformers have a durable design, superior performance, and low maintenance needs. Because of these advantages, they are used in various industrial applications such as relays, timers, solenoids, contactors, motor starter buttons, industrial starter circuits, control room push buttons, machine tool control devices, OEM electrical equipment, AC motor starter coils, industrial machinery indicator lamps, and electrical distribution systems. The chemical industry is energy-intensive and requires a stable, high power supply to produce different chemicals. This creates a demand for industrial control transformers, as they are typically used in electrical circuits with low power requirements or low volt-amps, which need constant voltage or current.
Challenge: Reduced coal mining activities
Industrial control transformers are essential equipment in mining and are used in various locations worldwide. In the metals and mining sector, these transformers are found in rolling mills, hoists, blowers, and processing lines. However, the coal mining industry is facing a decline due to strict emission regulations and global efforts to reduce carbon emissions. Since coal is highly polluting, many advanced economies are reducing coal usage to meet emission standards.
Industrial Control Transformer: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
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Use of modeling software to test transformer designs, adapting "weak link" theory for insulating structures in oil-immersed industrial control transformers | Reduced design costs, greater flexibility in customizing product ranges, improved transformer reliability, more precise electric field calculations with tools like ELECTRO |
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Adoption of CBM for early detection of transformer failure in critical infrastructure (500 KVA and above); includes infrared inspection, oil analysis, dissolved gas analysis, and TEV detection | Early warning of transformer failure, reduced unplanned downtime, improved system reliability, lower replacement and maintenance costs via proactive interventions |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The industrial control transformer market ecosystem is characterized by strong synergy across raw material suppliers, manufacturers, distributors, and end users to ensure safe, reliable, and efficient transformer deployment. Key suppliers like Saint-Gobain, SAIL, ExxonMobil Chemical, and Huntsman provide vital raw materials such as electrical steel, insulation materials, and specialty chemicals that underpin transformer performance and durability. Leading manufacturers including Eaton, GE Vernova, Schneider Electric, and Siemens specialize in designing compact, energy-efficient transformers tailored to diverse industrial automation and infrastructure needs. Distributors such as KOTSONS, Summit Electric Supply, and Brchob Corporation bridge manufacturing and end-user demand by offering product availability, support, and customization. End users like Duke Energy, NextEra Energy, and Exelon rely heavily on these transformers for stable voltage control critical to utilities, renewable energy, and industrial process applications, underpinning essential operations and enabling digital infrastructure growth.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Industrial Control Transformer Market, By End User
Power Generation holds the largest market share due to ongoing investments and modernization in power generation infrastructure globally. The sector requires highly reliable voltage regulation solutions to stabilize output from both conventional and renewable energy sources, driving demand for industrial control transformers that support automated control systems with high efficiency and robustness.
Industrial Control Transformer Market, By Phase
The three-phase segment dominates the market because it can handle higher power loads with a stable, balanced voltage output that is essential for large industrial plants and complex control processes. Its efficiency in energy distribution and suitability for heavy-duty applications make it the preferred choice across industrial setups.
Industrial Control Transformer Market, By power rating
The 25-500 VA power rating category dominates, supplying a broad variety of control and signaling devices in industrial automation. This segment's large share owes to its versatility and wide applicability in typical industrial control scenarios requiring stable voltage in low-power circuits.
Industrial Control Transformer Market, By Voltage
The 121-240 V segment has the largest share, reflecting its status as the standard voltage range for industrial control systems globally. Its compatibility with common control devices in manufacturing and process industries ensures its predominant use, driving significant market demand.
Industrial Control Transformer Market, By frequency
The 50 Hz segment captures the largest share due to its alignment with international industrial power standards, especially in Asia, Europe, and other key industrial regions. The segment benefits from widespread adoption across these geographies, supporting a wide range of industrial applications.
REGION
Asia Pacific to be the fastest region in the global Industrial Control Transformer market during the forecast period
Asia Pacific is expected to be the fastest-growing market for industrial control transformers during the forecast period, driven by rapid industrialization, urbanization, and large investments in manufacturing and infrastructure. China, India, Japan, and South Korea are leading in adopting automation technologies and smart factory initiatives, creating strong demand for reliable control transformers to support advanced industrial operations. Additionally, increasing electricity consumption, expanding renewable energy projects, and government-backed programs promoting energy efficiency further boost market growth in the region. The growing presence of global companies and the rise of competitive local manufacturers also improve market accessibility, making the region a key growth center for the industrial control transformer industry.
Industrial Control Transformer: COMPANY EVALUATION MATRIX
In the industrial control transformer market matrix, Schneider Electric (Star) leads with a strong market presence and a wide product portfolio, driving large-scale adoption across power generation, oil & gas, and others. Rockwell Automation (Emerging Leader) is gaining traction with innovative industrial control transformer solutions, supported by growing demand in various regions.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 1.10 Billion |
| Market Forecast in 2030 (value) | USD 1.48 Billion |
| Growth Rate | CAGR of 5.3% from 2025-2030 |
| Years Considered | 2021–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Value (USD Billion), Volume (Units) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
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| Regions Covered | North America, Asia Pacific, Europe, South America, Middle East & Africa |
WHAT IS IN IT FOR YOU: Industrial Control Transformer REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Industrial Control Transformer Market, By End-user | Added segment: Power Generation | Reliable voltage regulation; supports automated control systems. |
RECENT DEVELOPMENTS
- April 2025 : Eaton acquired Fibrebond, a leading modular electrical and data center infrastructure provider. This strategic move enhances Eaton’s capabilities in delivering engineered-to-order enclosures that integrate power distribution and backup systems. The acquisition strengthens the company’s position in the data center, utility, and industrial markets, aligning with its focus on resilient, scalable, and protected power solutions.
- February 2025 : Eaton invested in a new manufacturing plant in South Carolina for its three-phase transformers, making it the company’s third facility in the US. The image shows the manufacturing process of the transformers at the company’s plant in Wisconsin.
- May 2025 : GE Vernova expanded its manufacturing presence in India with an investment of USD 16 million, endeavoring to address the increasing demand for advanced grid solutions in the context of the nation’s rapid energy transition. This expansion encompasses improvements to its existing facilities in Padappai (Tamil Nadu) and Noida (Uttar Pradesh), thereby elevating production capacity for high-voltage equipment, including instrument transformers, air-insulated switchgear, and control panels.
- February 2025 : Schneider Electric’s subsidiary Schneider Electric Infrastructure Ltd. announced a significant expansion of its transformer manufacturing capacity at its Vadodara plant in Gujarat, India. With an investment of approximately USD 1.5 million, the company aims to boost its medium power transformer output by 1,500 MVA annually, increasing total capacity from 5,500 MVA to 7,000 MVA.
- July 2024 : Siemens Energy invested in expanding its grid division, a strategic move aimed at strengthening global energy infrastructure and accelerating the energy transition. This expansion includes building new manufacturing facilities, such as a large power transformer plant in Charlotte, North Carolina, which will help address the critical shortage of transformers in the US and support aging grid infrastructure.
Table of Contents
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Methodology
This study involved major activities in estimating the current size of the industrial control transformer market. Comprehensive secondary research was done to collect information on the market, peer, and parent markets. The next step involved validating these findings, assumptions, and market sizing with industry experts across the value chain through primary research. The total market size was estimated through country-wise analysis. Then, the market breakdown and data triangulation were performed to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles from recognized authors, and databases of various companies and associations. Secondary research was mainly carried out to obtain key information about the industry’s supply chain to identify the key players offering various products and services, market classification and segmentation according to the offerings of major players, industry trends to the bottom-most level, regional markets, and key developments from market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts, such as chief executive officers (CEO), vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the industrial control transformer market. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
Note: “Others” includes sales managers, engineers, and regional managers.
The tiers of the companies are defined based on their total revenue as of 2024: Tier 1: >USD 1 billion,
Tier 2: USD 500 million–1 billion, and Tier 3:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the industrial control transformer market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- Key players in the industry and market were identified through extensive secondary research, and their market share was determined through primary and secondary research.
- The industry’s value chain and market size, in terms of value, were determined through the primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Industrial Control Transformer Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown processes were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. The market was also validated using the top-down and bottom-up approaches.
Market Definition
The industrial control transformer market refers to the specialized segment of the electrical equipment industry that provides transformers to deliver a stable and isolated voltage supply for control devices and circuits within industrial applications. Unlike power distribution transformers, industrial control transformers are built to handle high inrush currents and ensure uninterrupted operation of relays, solenoids, timers, and contactors in manufacturing, process industries, utilities, and automation systems. These transformers are critical in maintaining equipment reliability, safety, and efficiency, particularly in environments where voltage fluctuations can lead to operational failures or costly downtime.
The market encompasses a range of products and solutions differentiated by power rating, voltage range, phase configuration, and end-use industries. Its growth is underpinned by the rising adoption of automation technologies, expansion of manufacturing facilities, increasing energy demand, and modernization of power infrastructure. With industrial sectors increasingly prioritizing operational resilience and energy efficiency, the demand for control transformers is expanding globally. The market definition thus encapsulates the supply of transformers and the evolving ecosystem of manufacturers, technology providers, and end users across power generation, oil & gas, transportation, utilities, and other industrial domains.
Stakeholders
- Government & research organizations
- State and national regulatory authorities
- Organizations, forums, alliances, and associations
- Institutional investors
- Investors/Shareholders
- Environmental research institutes
- Manufacturers’ associations
- Integrated device manufacturers (IDMs)
- Raw material and component manufacturers
- Manufacturers, dealers, and suppliers
- Electrical equipment manufacturers’ associations and groups
- Power utilities and other end-use companies
- Consulting companies (energy and power domain)
- Investment banks
Report Objectives
- To describe, segment, and forecast the industrial control transformer market, by power rating, phase, primary voltage, frequency, end use, and region in terms of value
- To forecast the market size for five key regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa, along with their key countries, in terms of value
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To strategically analyze the sub-segments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze the ecosystem, trends/disruptions impacting customers businesses, technology analysis, pricing analysis, Porter’s five force analysis, key stakeholders & buying criteria, case study analysis, trade analysis, patent analysis, key conferences & events, investment & funding scenario, and tariff & regulations related to the model-based enterprise market, the impact of AI/Gen AI, and the 2025 US tariff impact
- To track and analyze competitive developments, such as agreements, contracts, partnerships, product launches, acquisitions, expansions, and investments, in the industrial control transformer market
- To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall industrial control transformer market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix, which provides a detailed comparison of the product portfolio of each company
Geographic Analysis as per Feasibility
- Further breakdown of the industrial control transformer market by country
Company Information
- Detailed analyses and profiling of additional market players
Key Questions Addressed by the Report
What was the size of the industrial control transformer market in 2024?
The size of the global industrial control transformer market was USD 1.10 billion in 2024.
What is the major driver for the industrial control transformer market?
A rise in energy consumption across industries is expected to drive the market.
Which region is expected to be the largest industrial control transformer market during the forecast period?
Asia Pacific is estimated to be the largest market during the forecast period.
By phase, which is the fastest-growing segment in the industrial control transformer market during the forecast period?
The three-phase segment is estimated to be the fastest-growing segment during the forecast period.
What can be a restraint for the industrial control transformer market?
Rising implementation of carbon dioxide emission regulations may likely hinder the industrial control transformer market.
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