Industrial Control Transformer Market

Industrial Control Transformer Market by Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, above 1,500 VA), Primary Voltage (Up to 120 V, 121 - 240 V, above 240 V), Frequency (50 Hz and 60 Hz), Phase, End User and Region - Global Forecast to 2027

Report Code: EP 6241 Jul, 2022, by marketsandmarkets.com

[233 Pages Report] The global industrial control transformer market is projected to reach USD 1.2 billion by 2027 from an estimated USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption is a key driver for the market growth. Also, booming chemical industry to drive the demand for industrial control transformer in the near future.

Industrial Control Transformer Market

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COVID-19 Impact

The outbreak of the COVID-19 pandemic has had an adverse effect on the global economy as the governments were forced to implement lockdown measures to prevent the spread of the virus. The effects of the COVID-19 pandemic, including actions taken by businesses and governments to contain the spread of the virus, resulted in a significant decline in manufacturing and industrial activity, impacting the industrial control transformer market directly, as it is primarily employed in such industries and manufacturing units.

The pandemic was a big disruptor that has created challenges but also opportunities for the sector. The impact of COVID-19 has also highlighted the need for better risk management and greater preparedness, and resilience. Industrial control transformer manufacturers such as Siemens had and continue to face number of supply chain constraints, especially in the areas of base metals (copper, aluminum, steel), plastics, semiconductors, and transportation services. Similarly, for ABB, the pandemic impacted workforce and operations because of quarantines, government orders and guidance, facility closures, illness, travel restrictions, implementation of precautionary measures and other restrictions. For the entire year 2020, ABB’s orders declined by 7 % to USD 26.5 billion, and revenues were down by 7%. The resurgence of new variants of COVID-19 and the uncertainties associated with it may lead to suppliers failing to meet their manufacturing needs in the future and may delay the companies’ production and product shipments, negatively affecting overall operations. Progress in the COVID-19 vaccination programs and the lifting of travel restrictions, however, have resulted in the gradual recovery of the global industrial sector and accelerated the demand for industrial control transformer

Industrial Control Transformer Market Dynamics

Driver: Rising energy consumption across industries

The demand for energy has been gradually increasing, due to increase in energy consumption. According to the IEA, in 2019, world total electricity final consumption reached 22,848 TWh, up by 1.7% from 2018. In 2019, Organization for Economic Co-operation and Development (OECD) countries’ total electricity final consumption was 9,672 TWh, 1.1% lower than in 2018, while final electricity consumption in non-OECD countries was 13,976 TWh, an increase of 3.8% from 2018.The growing demand for electricity worldwide has led to the electricity trade between countries. In the OECD countries, electricity imports grew from 89 TWh in 1974 to 496 TWh in 2020, representing an average annual growth of 3.8%, compared to the 1.9% growth in overall electricity supply. Major trades in electricity occurs in OECD Europe, where electricity imports grew at an average annual growth of 3.9% between 1974 and 2020.

Total annual energy investment is expected to reach USD 5 trillion by 2030 which will add an extra 0.4% per year to annual global GDP growth, based on a joint analysis with the International Monetary Fund (IMF). With projected investments in clean energy and energy infrastructure to more than triple by 2030, this increase brings significant economic benefits as the world emerges from the COVID-19 crisis. The jump in private and government spendings created millions of jobs in clean energy, engineering, manufacturing, and construction industries. Based on current trends all this will make the global GDP 4% higher in 2030 than it would be. This can drive the market for energy management systems worldwide towards clean energy and energy efficiency. This would increase the demand for such technologies. Therefore, increasing energy consumption to drive demand for industrial control transformer.

Restraints: Shifting customer focus on DC power supplies

Direct Current (DC) electric power is an emerging disruptive technology that has the potential to stimulate economic growth, inspire innovation, increase research and development opportunities, and simultaneously help in environmental sustainability. DC technology and applications offer the promise of enhanced energy efficiency, improved power quality and reliability, and provides inherent alignment with renewable and clean energy development. DC motors and appliances offer superior efficiency and power to size characteristics than AC motors, which significantly saves energy.

According to COP 26 there is need to reduce 3x more CO2 emissions by 2030,  hence all the industries must change the way energy is sourced by shifting to renewables and low carbon supply. A sustainable world is a more digital and electric world. Renewable energy sources like solar and wind are naturally compatible with DC. These renewable energy sources produce irregular electricity (when the sun shines or the wind blows), requiring energy storage (batteries) to ensure a steady supply as well as it requires a power conversion interface to the grid. Batteries and solar PV are also fundamentally DC energy sources, making DC a more mechanically suitable interface. . Most energy storage technologies are DC-based, which offers prospects for increased efficiencies and decreased operational losses (mainly in the form of battery technologies). DC power is used to operate electronic devices. When AC power is converted to DC power, there is a loss between 5% and 20%. A rising need for DC power results from our growing reliance on electronic devices. Eliminating these AC to DC conversion losses will become even more crucial to encourage the switch to DC power and call for advancements in new power conversion technologies. Today the businesses at the "apex of the pyramid," who run server farms and data centers, are also the biggest new consumers of electricity. Examples of these businesses include Google, Apple, Visa, and others. Electronic circuits need DC power. In order to guarantee 24/7 electricity availability with no downtime and to increase supply efficiency, new advances in DC applications are spurring investment in local DC power generation.

Opportunities: Booming chemical and petrochemical industry

Industrial control transformers are renowned for their attributes, such as durable design, superior performance, low maintenance requirements, and so forth. Owing to these beneficial features, these transformers are used in 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, electrical distribution systems. The chemical industry is an energy intensive industry and requires high and constant power supply for production of various chemicals. This creates demand for industrial control transformer as they are typically utilized in electrical circuits with minimal power requirements or low volt-amp ratings that demand constant voltage or constant current. According to BASF report 2021, Global chemical production (excluding pharmaceuticals) is expected to grow by 3.5% in 2022, , higher than the average for the years preceding the COVID-19. For instance, in the US, chemical production forecast is significantly stronger in 2022 which is 4.5% compared to 1.8% in 2021, following the production halts brought on by poor weather conditions in the previous year.

The automotive and electronics sectors in Japan will offer the most powerful growth stimulus in 2022 with 2.5% growth rate. Chemical production in South America will presumably grow at around the same rate as the economy in 2022 with1.5 % growth rate. This will be primarily driven by the significant recovery in automotive production and continued moderate growth in demand from agriculture and the raw materials sector. Therefore, growing chemical industry across the regions will drive demand for industrial control transformer in future

Challenges: Decrease in coal mining activity

Industrial control transformer are critical pieces of mining equipment and are always deployed in various mining locations around the globe. In metals & mining, these transformers are used in rolling mills, hoists, blowers, and processing lines.  The coal mining industry, however, is experiencing a decline due to stringent emission regulations and global decarbonization targets. Coal is highly polluting and many of the advanced economies around the world are cutting down on their consumption of coal to comply with the emission regulations. According to the International Energy Agency, coal production is estimated to reduce by 77 MT in the US, and by 102 MT in the European Union by 2024. The power sector in these regions is slowly experiencing growth in electricity demand and rapid expansion of renewable power sources like wind, and solar PV. Countries are also switching towards utilizing gas instead of coal for power generation as it is less carbon intensive. These factors may lead to a rapid decline in the demand for coal, which may put a brake on coal mining activity. Hence, as a result the demand for industrial control transformer in the coal mining industry may suffer negatively

Market Map

Industrial Control Transformer Market by Map

By Primary Voltage, the need for control systems in the commercial sector expected to drive the market for industrial control transformer.

Industrial control transformers in the 120 V range are commonly installed in control panels in small workspaces where there is a requirement for low voltages. The need for safe and smooth operations in industrial sector like power generation, manufacturing and food & beverages industry is fuelling the growth of the 120 V industrial control transformer market. Hence, the market size of 120 V is relatively large.

By Frequency, government regulations and standards pertaining to power supply frequency driving the 50 Hz industrial power control transformer market.

The 50 Hz power control transformers are being used in motor starters, contactors, solenoids, timer circuits, relays, and control panels in various industrial equipment. Factors, such as power supply regulations and the requirement for power control transformers in various equipment across industries are fuelling the growth of the 50 Hz industrial control transformer market.

By End User, chemical segment is expected to be the fastest growing segment during 2022-2027.

Industrial power control transformers are used to control motors and pumps in the chemical industry to transport the fluids or semi-fluids in a manufacturing plant. According to a report by BASF in 2021, global chemical production (excluding pharmaceuticals) is expected to grow by 3.5% in 2022. Such global chemical trends are likely to increase the sales of industrial control transformers that are used in various applications such as ammonia synthesis, plastics, and so on. As per the report from the European chemical industry, the chemical industry in China accounted for the highest sale of around USD 1,547 billion in 2022. These developments in the chemical industry are expected to create new revenue pockets for the manufacturers of industrial control transformers.

Asia Pacific is expected to lead the industrial control transformer market globally, by value and volume, during the forecast period.

The region is experiencing rapid development fueled by the growth of major economies, such as China, India, South Korea, Japan, Indonesia, and Australia. According to the International Monetary Fund (IMF), the region’s economy grew by 6.5% in FY2021 and is expected to increase by 5.7% in FY2022. However, the COVID-19 pandemic caused an economic decline of about 1.5% in 2020. The major end users of industrial control transformers include industrial sectors, such as power generation, oil & gas, chemical & petrochemical, and others. Electricity generation is perceived as an essential service and was hence less affected by the coronavirus pandemic in 2020. The increased demand for power in Asia is driven by China and India. In a report by the International Energy Agency (IEA), demand for electricity in the Asia Pacific region is expected to have grown by 8% in 2021, from a low of 2% in 2020.

The region is experiencing rapid development fueled by the growth of major economies, such as China, India, South Korea, Japan, Indonesia, and Australia. According to the International Monetary Fund (IMF), the region’s economy grew by 6.5% in FY2021 and is expected to increase by 5.7% in FY2022. However, the COVID-19 pandemic caused an economic decline of about 1.5% in 2020. The major end users of industrial control transformers include industrial sectors, such as power generation, oil & gas, chemical & petrochemical, and others. Electricity generation is perceived as an essential service and was hence less affected by the coronavirus pandemic in 2020. The increased demand for power in Asia is driven by China and India. In a report by the International Energy Agency, demand for electricity in the Asia Pacific region is expected to have grown by 8% in 2021, from a low of 2% in 2020.

Industrial Control Transformer Market by Region

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Key Market Players

The major players in the global industrial control transformer market are  ABB (Switzerland), Schneider Electric (France), General Electric  (US), Eaton (Ireland), Siemens  (France), Hubbell (US), Rockwell Automation, Inc. (US), Broadman Transformers (UK), Dongan Electric Company (US) and others.

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Scope of the Report

Report Metric

Details

Market Size available for years

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD)

Segments covered

Phase, Power Rating, Primary Voltage, Frequency, and End User

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), General Electric (US), Hubbell (US), Rockwell Automation, Inc.  (US), Broadman Transformers (UK), Dogan Electric Company  (US), MCI Transformer Corporation (US), SNC Manufacturing Co.,Inc. (US), Foster Transformer Company (US), TEMCo Industrial (US), Controlled Magnetics, Inc. (US), Micron (US), Grant Transformers (Australia), Troytrans (Spain), RECO Transformers Pvt. Ltd. (India), Trutech products (India), and others

This research report categorizes the industrial control transformer market based on phase, power rating, primary voltage, frequency, end user, and region.

Based on Phase, the industrial control transformer market has been segmented as follows:

  • Single Phase
  • Three Phase

Based on Power Rating, the industrial control transformer market has been segmented as follows:

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

Based on Primary Voltage, the industrial control transformer market has been segmented as follows:

  • Upto 120 V
  • 121-240 V
  • Above 240 V

Based on Frequency, the industrial control transformer market has been segmented as follows:

  • 50 Hz
  • 60 Hz

Based on End User, the industrial control transformer market has been segmented as follows:

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

Based on Region, the industrial control transformer market has been segmented as follows:

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East & Africa

Recent Developments

  • In January 2022, Eaton acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicles, energy management, industrial, and mobility markets.
  • In June 2021, GE-Prolec Transformers, Inc., a subsidiary of a 50/50 joint venture between GE, and Xignux, a Mexico-based private company, signed a definitive agreement with SPX Corporation to acquire its SPX Transformer Solutions business (SPXT) for USD 645 million. The acquisition is expected to enhance the position of GE-Prolec as a key distribution and power transformer supplier providing customers with a wider choice of products and an enhanced next-generation portfolio.
  • In February 2019, Siemens AG, a leading player in the industrial control transformers market,  introduced its on-demand mobile resilience transformer leasing offer, enabling utility suppliers and owners to lease its PRETACT Plug & Play GSU Resilience Transformer for emergency response. As the GSU resilience transformer can be installed in an extremely short time, the innovative offering by Siemens can provide asset owners the opportunity to provide a more reliable and secure power supply by leasing this critical equipment locally for quick installation.

Frequently Asked Questions (FAQs):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE
           1.3.2 MARKET, BY POWER RATING
           1.3.3 MARKET, BY PRIMARY VOLTAGE
           1.3.4 MARKET, BY FREQUENCY
           1.3.5 MARKET, BY END USER
           1.3.6 MARKET, BY REGION
    1.4 MARKET SCOPE
           1.4.1 MARKET SEGMENTATION
           1.4.2 REGIONAL SCOPE
    1.5 YEARS CONSIDERED
    1.6 CURRENCY
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
           FIGURE 1 MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
           2.2.2 KEY DATA FROM SECONDARY SOURCES
           2.2.3 PRIMARY DATA
           2.2.4 KEY DATA FROM PRIMARY SOURCES
                    2.2.4.1 Interviews with experts/primary sources
                    2.2.4.2 Key data from primary sources
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                               FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR INDUSTRIAL CONTROL TRANSFORMER
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
           2.3.4 REGIONAL ANALYSIS
           2.3.5 COUNTRY ANALYSIS
                    2.3.5.1 Demand-side assumptions
                    2.3.5.2 Demand-side calculations
           2.3.6 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF INDUSTRIAL CONTROL TRANSFORMER
                    FIGURE 8 MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.6.1 Supply-side calculations
                    2.3.6.2 Supply-side assumptions
           2.3.7 FORECASTS

3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 1 MARKET SNAPSHOT
    FIGURE 9 ASIA PACIFIC DOMINATED MARKET IN 2021
    FIGURE 10 THREE PHASE TO BE A LARGER SEGMENT BETWEEN 2022 AND 2027
    FIGURE 11 ABOVE 1,500 VA SEGMENT TO LEAD MARKET FROM 2022 TO 2027
    FIGURE 12 UPTO 120 V SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027
    FIGURE 13 50 HZ TO BE A LARGER SEGMENT OF MARKET FROM 2022 TO 2027
    FIGURE 14 METAL & MINING SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET
           FIGURE 15 RISING ENERGY CONSUMPTION ACROSS INDUSTRIES TO DRIVE MARKET BETWEEN 2022 AND 2027
    4.2 MARKET, BY REGION
           FIGURE 16 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: MARKET, BY END USER AND COUNTRY, 2021
           FIGURE 17 METAL & MINING SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC INDUSTRIAL TRANSFORMER MARKET
    4.4 MARKET, BY PHASE
           FIGURE 18 THREE PHASE SEGMENT TO ACCOUNT FOR A LARGER SHARE OF MARKET IN 2027
    4.5 MARKET, BY POWER RATING
           FIGURE 19 ABOVE 1,500 VA SEGMENT TO DOMINATE MARKET IN 2027
    4.6 MARKET, BY PRIMARY VOLTAGE
           FIGURE 20 UPTO 120 V SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2027
    4.7 MARKET, BY FREQUENCY
           FIGURE 21 50 HZ SEGMENT TO HOLD A LARGER SHARE OF MARKET IN 2027
    4.8 MARKET, BY END USER
           FIGURE 22 METAL & MINING SEGMENT TO DOMINATE MARKET IN 2027

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 23 GLOBAL PROPAGATION OF COVID-19
           FIGURE 24 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES
    5.3 MARKET DYNAMICS
           FIGURE 25 INDUSTRIAL CONTROL TRANSFORMER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Rise in energy consumption across industries
                               FIGURE 26 GLOBAL TOTAL ELECTRICITY CONSUMPTION (EJ), 2010–2019
                               TABLE 2 ELECTRICITY PRICES IN SELECTED OECD COUNTRIES, 2021 (USD/UNIT)
                    5.3.1.2 Increased usage across major industries
           5.3.2 RESTRAINTS
                    5.3.2.1 Shifting customer focus to DC power supply
                               FIGURE 27 GLOBAL INSTALLED RENEWABLE ENERGY CAPACITY, 2016–2021
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Increased demand for chemicals and petrochemicals
                               FIGURE 28 OUTLOOK FOR CHEMICAL PRODUCTION 2022 (EXCLUDING PHARMACEUTICALS)
                               FIGURE 29 TRENDS IN CHEMICAL PRODUCTION, 2022–2024 (EXCLUDING PHARMACEUTICALS)
                    5.3.3.2 Growth in manufacturing sector
           5.3.4 CHALLENGES
                    5.3.4.1 Reduced coal mining activities
                               FIGURE 30 SHARE OF UNABATED COAL-FIRED POWER GENERATION IN NET ZERO SCENARIO, 2010–2050
                    5.3.4.2 Heavy losses due to voltage spikes
    5.4 COVID-19 IMPACT
    5.5 TRENDS/DISRUPTIONS IMPACTING BUSINESSES
           5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MANUFACTURERS
                    FIGURE 31 REVENUE SHIFT FOR INDUSTRIAL CONTROL TRANSFORMER MANUFACTURERS
    5.6 MARKET MAP
           FIGURE 32 MARKET MAP: MARKET
           TABLE 3 MARKET: ROLE IN ECOSYSTEM
    5.7 VALUE CHAIN ANALYSIS
           FIGURE 33 VALUE CHAIN ANALYSIS: MARKET
           5.7.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.7.2 COMPONENT MANUFACTURERS
           5.7.3 INDUSTRIAL CONTROL TRANSFORMER MANUFACTURERS/ASSEMBLERS
           5.7.4 DISTRIBUTORS/WHOLESALERS/RETAILERS/B2B SELLERS
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 DC POWER SUPPLY
    5.9 PRICING ANALYSIS
           5.9.1 AVERAGE SELLING PRICES OF INDUSTRIAL CONTROL TRANSFORMERS, BY PRIMARY VOLTAGE
                    TABLE 4 AVERAGE SELLING PRICES OF INDUSTRIAL CONTROL TRANSFORMERS, 2021
                    TABLE 5 AVERAGE SELLING PRICES OF INDUSTRIAL CONTROL TRANSFORMERS, BY POWER RATING, OF KEY PLAYERS, 2021
                    FIGURE 34 AVERAGE SELLING PRICES OF KEY PLAYERS, BY POWER RATING
    5.10 KEY CONFERENCES & EVENTS IN 2022–2024
           TABLE 6 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.11 TARIFFS, CODES, AND REGULATIONS
           5.11.1 TARIFFS RELATED TO MARKET
                    TABLE 7 IMPORT TARIFFS FOR HS 8536 LOW-VOLTAGE PROTECTION EQUIPMENT IN 2019
                    TABLE 8 IMPORT TARIFFS FOR HS 8504 ELECTRICAL TRANSFORMERS IN 2019
    5.12 TRADE ANALYSIS
           5.12.1 TRADE ANALYSIS FOR HS 8536 LOW-VOLTAGE PROTECTION EQUIPMENT
                    5.12.1.1 Export Scenario
                                TABLE 9 EXPORT SCENARIO FOR HS CODE: 8536, BY COUNTRY, 2019–2021 (USD)
                    5.12.1.2 Import scenario
                                TABLE 10 IMPORT SCENARIO FOR HS CODE: 8536, BY COUNTRY, 2019–2021 (USD)
           5.12.2 TRADE ANALYSIS FOR HS 8504 ELECTRICAL TRANSFORMERS
                    5.12.2.1 Export scenario
                                TABLE 11 EXPORT SCENARIO FOR HS CODE: 8504, BY COUNTRY, 2019–2021 (USD)
                    5.12.2.2 Import scenario
                                TABLE 12 IMPORT SCENARIO FOR HS CODE: 8504, BY COUNTRY, 2019–2021 (USD)
           5.12.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.4 CODES AND REGULATIONS RELATED TO MARKET
                    TABLE 17 MARKET: CODES AND REGULATIONS
    5.13 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 18 INDUSTRIAL CONTROL TRANSFORMER: INNOVATIONS AND PATENT REGISTRATIONS, MAY 2019–APRIL 2022
    5.14 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 35 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
           TABLE 19 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF SUBSTITUTES
           5.14.2 BARGAINING POWER OF SUPPLIERS
           5.14.3 BARGAINING POWER OF BUYERS
           5.14.4 THREAT OF NEW ENTRANTS
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY
    5.15 KEY STAKEHOLDERS & BUYING CRITERIA
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 36 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
                     TABLE 20 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
    5.16 BUYING CRITERIA
           FIGURE 37 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
           TABLE 21 KEY BUYING CRITERIA FOR TOP 3 END USERS
    5.17 CASE STUDY ANALYSIS
           5.17.1 USE OF MODELING SOFTWARE TO TEST DESIGNS
                    5.17.1.1 Problem Statement: July 2020
                    5.17.1.2 Solution
           5.17.2 MAINTENANCE INSPECTION WINDOWS ON TRANSFORMERS
                    5.17.2.1 Problem Statement: June 2019
                    5.17.2.2 Solution
    5.18 QUALITATIVE INFORMATION FOR DC POWER SUPPLY
           5.18.1 CONCLUSION

6 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PHASE (Page No. - 98)
    6.1 INTRODUCTION
           FIGURE 38 THREE PHASE SEGMENT DOMINATED MARKET IN 2021
           TABLE 22 MARKET SIZE, BY PHASE, 2020–2027 (USD MILLION)
    6.2 THREE PHASE
           6.2.1 BETTER EFFICIENCY OFFERED BY THREE PHASE WHEN COMPARED TO SINGLE PHASE LEADING TO INCREASED DEMAND FOR THREE PHASE CONTROL TRANSFORMERS
                    TABLE 23 THREE PHASE: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    6.3 SINGLE PHASE
           6.3.1 USE OF SINGLE PHASE CONTROL TRANSFORMERS IN LOW-VOLTAGE APPLICATIONS TO DRIVE MARKET
                    TABLE 24 SINGLE PHASE: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)

7 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY POWER RATING (Page No. - 102)
    7.1 INTRODUCTION
           FIGURE 39 MARKET, BY POWER RATING, 2021
           TABLE 25 MARKET SIZE, BY POWER RATING, 2020–2027 (USD MILLION)
    7.2 25–500 VA
           7.2.1 INCREASED USE OF 25–500 VA CONTROL TRANSFORMERS IN FOOD & BEVERAGE AND WATER & WASTEWATER TREATMENT INDUSTRIES TO FUEL SEGMENT GROWTH
                    TABLE 26 25–500 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    7.3 500–1,000 VA
           7.3.1 GROWING DEMAND FOR INDUSTRIAL CONTROL TRANSFORMERS ACROSS VARIOUS INDUSTRIAL APPLICATIONS
                    TABLE 27 500–1,000 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    7.4 1,000–1,500 VA
           7.4.1 RISE IN INVESTMENTS IN INFRASTRUCTURE AND MINING ACTIVITIES TO BOOST DEMAND
                    TABLE 28 1,000–1,500 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    7.5 ABOVE 1,500 VA
           7.5.1 RISE IN OIL & GAS EXPLORATIONS AND NEED TO RETROFIT AGING INFRASTRUCTURE IN POWER PLANTS
                    TABLE 29 ABOVE 1,500 VA: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)

8 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY PRIMARY VOLTAGE (Page No. - 108)
    8.1 INTRODUCTION
           FIGURE 40 UPTO 120 V PRIMARY VOLTAGE SEGMENT DOMINATED MARKET IN 2021
           TABLE 30 MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
    8.2 UPTO 120 V
           8.2.1 NEED FOR CONTROL SYSTEMS IN COMMERCIAL SECTOR TO DRIVE THE MARKET
                    TABLE 31 UPTO 120 V: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    8.3 121–240 V
           8.3.1 RISE IN DEMAND FOR INDUSTRIAL CONTROL TRANSFORMERS IN COMMERCIAL AND INDUSTRIAL APPLICATIONS
                    TABLE 32 121–240 V: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    8.4 ABOVE 240 V
           8.4.1 NEED FOR SMOOTH OPERATIONS IN INDUSTRIAL PLANTS TO FUEL GROWTH
                    TABLE 33 ABOVE 240 V: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)

9 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY FREQUENCY (Page No. - 112)
    9.1 INTRODUCTION
           FIGURE 41 50 HZ FREQUENCY SEGMENT DOMINATED MARKET IN 2021
           TABLE 34 MARKET SIZE, BY FREQUENCY, 2020–2027 (USD MILLION)
    9.2 50 HZ
           9.2.1 GOVERNMENT REGULATIONS AND STANDARDS PERTAINING TO POWER SUPPLY FREQUENCY TO DRIVE MARKET
                    TABLE 35 50 HZ: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    9.3 60 HZ
           9.3.1 GOVERNMENT POWER SUPPLY STANDARDS TO INCREASE DEMAND
                    TABLE 36 60 HZ: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)

10 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY END USER (Page No. - 116)
     10.1 INTRODUCTION
           FIGURE 42 METAL & MINING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD, 2021
           TABLE 37 MARKET SIZE, BY END USER, 2020–2027 (USD MILLION)
     10.2 POWER GENERATION
             10.2.1 ADVANCEMENTS IN PROTECTION RELAYS IN POWER INFRASTRUCTURE TO BOOST DEMAND
                        TABLE 38 POWER GENERATION: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
     10.3 OIL & GAS
             10.3.1 INVESTMENTS IN OIL & GAS SECTOR TO DRIVE DEMAND
                        TABLE 39 OIL & GAS: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
     10.4 CHEMICAL
             10.4.1 INCREASED DEMAND FOR CHEMICALS TO FUEL DEMAND
                        TABLE 40 CHEMICAL: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
     10.5 METAL & MINING
             10.5.1 RISE IN METAL PRODUCTION AND MINING ACTIVITIES TO BOOST DEMAND
                        TABLE 41 METAL & MINING: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
     10.6 OTHERS
             TABLE 42 OTHERS: MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)

11 INDUSTRIAL CONTROL TRANSFORMER MARKET, BY REGION (Page No. - 123)
     11.1 INTRODUCTION
             FIGURE 43 MARKET SHARE, BY REGION, 2021 (%)
             FIGURE 44 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
             TABLE 43 MARKET, BY REGION, 2020–2027 (USD MILLION)
     11.2 ASIA PACIFIC
             TABLE 44 CONTRACTS IN ASIA PACIFIC, 2021
             FIGURE 45 SNAPSHOT: ASIA PACIFIC MARKET
             11.2.1 BY PHASE TYPE
                        TABLE 45 ASIA PACIFIC: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
             11.2.2 BY POWER RATING
                        TABLE 46 ASIA PACIFIC: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             11.2.3 BY PRIMARY VOLTAGE
                        TABLE 47 ASIA PACIFIC: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
             11.2.4 BY FREQUENCY
                        TABLE 48 ASIA PACIFIC: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
             11.2.5 BY END USER
                        TABLE 49 ASIA PACIFIC: MARKET, BY END USER, 2020–2027 (USD MILLION)
             11.2.6 BY COUNTRY
                        TABLE 50 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        11.2.6.1 China
                                     11.2.6.1.1 Extensive energy consumption in hard-to-abate sectors to drive market growth
                                                    TABLE 51 CHINA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.2.6.2 India
                                     11.2.6.2.1 Decarbonization strategies to fuel market growth
                                                    TABLE 52 INDIA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.2.6.3 Japan
                                     11.2.6.3.1 Need to develop power infrastructure to drive demand for industrial control transformers
                                                    TABLE 53 JAPAN: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.2.6.4 Australia
                                     11.2.6.4.1 Growth in power generation industry to boost market
                                                    TABLE 54 AUSTRALIA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.2.6.5 South Korea
                                     11.2.6.5.1 Interconnected complex grids to fuel market growth
                                                    TABLE 55 SOUTH KOREA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.2.6.6 Rest of Asia Pacific
                                     TABLE 56 REST OF ASIA PACIFIC: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
     11.3 NORTH AMERICA
             FIGURE 46 SNAPSHOT: NORTH AMERICA MARKET
             11.3.1 BY PHASE TYPE
                        TABLE 57 NORTH AMERICA: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
             11.3.2 BY POWER RATING
                        TABLE 58 NORTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             11.3.3 BY PRIMARY VOLTAGE
                        TABLE 59 NORTH AMERICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
             11.3.4 BY FREQUENCY
                        TABLE 60 NORTH AMERICA: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
             11.3.5 BY END USER
                        TABLE 61 NORTH AMERICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
             11.3.6 BY COUNTRY
                        TABLE 62 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        11.3.6.1 US
                                     11.3.6.1.1 Increased oil and gas production activities to fuel demand
                                                    TABLE 63 US: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.3.6.2 Canada
                                     11.3.6.2.1 Growing chemical industry to boost market growth
                                                    TABLE 64 CANADA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.3.6.3 Mexico
                                     11.3.6.3.1 Increased share of renewable energy in power generation to drive market
                                                    TABLE 65 MEXICO: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
     11.4 EUROPE
             11.4.1 BY PHASE
                        TABLE 66 EUROPE: MARKET SIZE, BY PHASE, 2020–2027 (USD MILLION)
             11.4.2 BY POWER RATING
                        TABLE 67 EUROPE: MARKET SIZE, BY POWER RATING, 2020–2027 (USD MILLION)
             11.4.3 BY PRIMARY VOLTAGE
                        TABLE 68 EUROPE: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
             11.4.4 BY FREQUENCY
                        TABLE 69 EUROPE: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
             11.4.5 BY END USER
                        TABLE 70 EUROPE: MARKET SIZE, BY END USER, 2020–2027 (USD MILLION)
             11.4.6 BY COUNTRY
                        TABLE 71 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
                        11.4.6.1 Germany
                                     11.4.6.1.1 Developments in cement and food & beverages industries creating demand
                                                    TABLE 72 GERMANY: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.4.6.2 Italy
                                     11.4.6.2.1 Growth in chemical industry led to increased demand
                                                    TABLE 73 ITALY: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.4.6.3 UK
                                     11.4.6.3.1 Developments in various end user industries to create opportunities for market
                                                    TABLE 74 UK: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.4.6.4 France
                                     11.4.6.4.1 Investments in power generation industry to fuel market
                                                    TABLE 75 FRANCE: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.4.6.5 Spain
                                     11.4.6.5.1 Growth in chemical industry to fuel demand for industrial power control transformers
                                                    TABLE 76 SPAIN: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.4.6.6 Rest of Europe
           TABLE 77 REST OF EUROPE: MARKET SIZE, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
     11.5 SOUTH AMERICA
             11.5.1 BY PHASE TYPE
                        TABLE 78 SOUTH AMERICA: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
             11.5.2 BY POWER RATING
                        TABLE 79 SOUTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             11.5.3 BY PRIMARY VOLTAGE
                        TABLE 80 SOUTH AMERICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
             11.5.4 BY FREQUENCY
                        TABLE 81 SOUTH AMERICA: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
             11.5.5 BY END USER
                        TABLE 82 SOUTH AMERICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
             11.5.6 BY COUNTRY
                        TABLE 83 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        11.5.6.1 Brazil
                                     11.5.6.1.1 Rise in oil and gas production activities to drive demand for industrial control transformers
                                                    TABLE 84 BRAZIL: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.5.6.2 Argentina
                                     11.5.6.2.1 Rapid industrial and infrastructural developments to boost demand for industrial control transformers
                                                    TABLE 85 ARGENTINA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.5.6.3 Rest of South America
                                     TABLE 86 REST OF SOUTH AMERICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
     11.6 MIDDLE EAST & AFRICA
             11.6.1 BY PHASE TYPE
                        TABLE 87 MIDDLE EAST & AFRICA: MARKET, BY PHASE TYPE, 2020–2027 (USD MILLION)
             11.6.2 BY POWER RATING
                        TABLE 88 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
             11.6.3 BY PRIMARY VOLTAGE
                        TABLE 89 MIDDLE EAST & AFRICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
             11.6.4 BY FREQUENCY
                        TABLE 90 MIDDLE EAST & AFRICA: MARKET, BY FREQUENCY, 2020–2027 (USD MILLION)
             11.6.5 BY END USER
                        TABLE 91 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2020–2027 (USD MILLION)
             11.6.6 BY COUNTRY
                        TABLE 92 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                        11.6.6.1 Saudi Arabia
                                     11.6.6.1.1 Solar power plants to boost demand for industrial control transformers
                                                    TABLE 93 SAUDI ARABIA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.6.6.2 UAE
                                     11.6.6.2.1 Upgradation of aging power plants to boost market
                                                    TABLE 94 UAE: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.6.6.3 South Africa
                                     11.6.6.3.1 Frequent power outages to drive market for industrial control transformer
                                                    TABLE 95 SOUTH AFRICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)
                        11.6.6.4 Rest of the Middle East & Africa
                                     TABLE 96 REST OF MIDDLE EAST & AFRICA: MARKET, BY PRIMARY VOLTAGE, 2020–2027 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 157)
     12.1 KEY PLAYERS STRATEGIES
             TABLE 97 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, AUGUST 2018 – JUNE 2022
     12.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
             TABLE 98 MARKET: DEGREE OF COMPETITION
             FIGURE 47 MARKET SHARE ANALYSIS, 2021
     12.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
             FIGURE 48 TOP PLAYERS IN MARKET FROM 2017 TO 2021
     12.4 COMPANY EVALUATION QUADRANT
             12.4.1 STAR
             12.4.2 PERVASIVE
             12.4.3 EMERGING LEADER
             12.4.4 PARTICIPANT
                        FIGURE 49 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2021
     12.5 START-UP/SME EVALUATION QUADRANT, 2021
             12.5.1 PROGRESSIVE COMPANY
             12.5.2 RESPONSIVE COMPANY
             12.5.3 DYNAMIC COMPANY
             12.5.4 STARTING BLOCK
                        FIGURE 50 INDUSTRIAL CONTROL TRANSFORMER MARKET: START-UPS/SMES EVALUATION QUADRANT, 2021
             12.5.5 COMPETITIVE BENCHMARKING
                        TABLE 99 INDUSTRIAL CONTROL TRANSFORMER MARKET: DETAILED LIST OF KEY START-UPS/SMES
                        TABLE 100 INDUSTRIAL CONTROL TRANSFORMER MARKET: DETAILED LIST OF KEY START-UPS/SMES
     12.6 INDUSTRIAL CONTROL TRANSFORMER MARKET: COMPANY FOOTPRINT
             TABLE 101 COMPANY FOOTPRINT: BY PHASE
             TABLE 102 COMPANY FOOTPRINT: BY POWER RATING
             TABLE 103 COMPANY FOOTPRINT: BY FREQUENCY
             TABLE 104 COMPANY FOOTPRINT: BY PRIMARY VOLTAGE
             TABLE 105 COMPANY FOOTPRINT: BY END USER
             TABLE 106 COMPANY FOOTPRINT: BY REGION
             TABLE 107 OVERALL: COMPANY FOOTPRINT
     12.7 COMPETITIVE SCENARIO
             TABLE 108 INDUSTRIAL CONTROL TRANSFORMER MARKET: PRODUCT LAUNCHES, FEBRUARY 2019– APRIL 2022
             TABLE 109 INDUSTRIAL CONTROL TRANSFORMER MARKET: DEALS, AUGUST 2018– JUNE 2022
             TABLE 110 INDUSTRIAL CONTROL TRANSFORMER MARKET: OTHERS, NOVEMBER 2020– JANUARY 2022

13 COMPANY PROFILES (Page No. - 179)
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)* 
             13.2.1 ABB
                        TABLE 111 ABB: BUSINESS OVERVIEW
                        FIGURE 51 ABB: COMPANY SNAPSHOT (2021)
                        TABLE 112 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 113 ABB: PRODUCT LAUNCHES
                        TABLE 114 ABB: DEALS
             13.2.2 SCHNEIDER ELECTRIC
                        TABLE 115 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)
                        TABLE 116 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 117 SCHNEIDER ELECTRIC: DEALS
             13.2.3 SIEMENS
                        TABLE 118 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 53 SIEMENS: COMPANY SNAPSHOT (2021)
                        TABLE 119 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 120 SIEMENS: PRODUCT LAUNCHES
                        TABLE 121 SIEMENS: DEALS
             13.2.4 GENERAL ELECTRIC
                        TABLE 122 GENERAL ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 54 GENERAL ELECTRIC: COMPANY SNAPSHOT (2021)
                        TABLE 123 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 124 GENERAL ELECTRIC: DEALS
                        TABLE 125 GENERAL ELECTRIC: OTHERS
             13.2.5 EATON
                        TABLE 126 EATON: BUSINESS OVERVIEW
                        FIGURE 55 EATON: COMPANY SNAPSHOT (2021)
                        TABLE 127 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 128 EATON: DEALS
             13.2.6 ROCKWELL AUTOMATION, INC.
                        TABLE 129 ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW
                        FIGURE 56 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT (2021)
                        TABLE 130 ROCKWELL AUTOMATION, INC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             13.2.7 HUBBELL
                        TABLE 131 HUBBELL: BUSINESS OVERVIEW
                        FIGURE 57 HUBBELL: COMPANY SNAPSHOT (2021)
                        TABLE 132 HUBBELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 133 HUBBELL: PRODUCT LAUNCHES
             13.2.8 BOARDMAN TRANSFORMERS
                        TABLE 134 BOARDMAN TRANSFORMERS: BUSINESS OVERVIEW
                        TABLE 135 BROADMAN TRANSFORMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.9 MCI TRANSFORMER CORPORATION
                        TABLE 136 MCI TRANSFORMER CORPORATION: BUSINESS OVERVIEW
                        TABLE 137 MCI TRANSFORMER CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             13.2.10 DONGAN ELECTRIC COMPANY
                        TABLE 138 DONGAN ELECTRIC COMPANY: COMPANY OVERVIEW
                        TABLE 139 DONGAN ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.11 SNC MANUFACTURING CO., INC.
                        TABLE 140 SNC MANUFACTURING CO., INC.: COMPANY OVERVIEW
                        TABLE 141 SNC MANUFACTURING CO., INC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             13.2.12 FOSTER TRANSFORMER COMPANY
                        TABLE 142 FOSTER TRANSFORMER COMPANY: COMPANY OVERVIEW
                        TABLE 143 FOSTER TRANSFORMER COMPANY: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             13.2.13 TEMCO INDUSTRIAL
                        TABLE 144 TEMCO INDUSTRIAL: COMPANY OVERVIEW
                        TABLE 145 TEMCO INDUSTRIAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.14 MICRON
                        TABLE 146 MICRON: COMPANY OVERVIEW
                        TABLE 147 MICRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.15 CONTROL MAGNETICS, INC.
                        TABLE 148 CONTROL MAGNETICS, INC.: COMPANY OVERVIEW
                        TABLE 149 CONTROL MAGNETICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 
     13.3 OTHER PLAYERS
             13.3.1 CUSTOM COILS
             13.3.2 TROYTRANS
             13.3.3 RECO TRANSFORMERS PVT. LTD.
             13.3.4 TRUTECH PRODUCTS
             13.3.5 GRANT TRANSFORMERS

14 APPENDIX (Page No. - 224)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATION
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the industrial control transformer market. Exhaustive secondary research was carried out to collect information on the market, peer market, and parent market. The next step was to validate these data fom secondary findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

The research study on the industrial control transformer market involved the extensive use of directories, databases, and secondary sources, such as Hoovers, Bloomberg, Businessweek, , UN Comtrade Database, Factiva, International Energy Agency, International Monetary Fund, United Nations Conference on Trade and Development, BP Statistical Review of World Energy, US Energy Information Administration, The Transformer Association, European Committee of Electrical Installation Equipment Manufacturers, US Environmental Protection Agency, European Electronic Component Manufacturers Association and Transformer Manufacturing Association of America to identify and collect information useful for this technical, market-oriented, and commercial study. The other secondary sources included white papers, articles by recognized authors, annual reports, press releases & investor presentations of companies, certified publications, manufacturer associations, trade directories, and databases.

Primary Research

Primary sources included several industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, standard and certification agencies of companies, and organizations related to all the segments of this industry’s value chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. In the canvassing of primaries, various departments within organizations, such as sales, engineering, operations, and managers were covered to provide a holistic viewpoint in our report The breakdown of primary respondents is given below:

Industrial Control Transformer Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both bottom-up and top-down approaches have been used to estimate and validate the size of the global industrial control transformer market and its dependent submarkets. Various sub-segments size in the market were also estimated by these menthod. The research methodology used to estimate the market size includes the following:

  • The key players in the industrial control transformer market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The market’s value chain and size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Industrial Control Transformer Market Size: Bottom-Up Approach

Industrial Control Transformer Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the industrial control transformer market by phase, power rating, primary voltage, frequency, end user, and region based on market size and volume
  • To forecast the market size, in terms of value and volume, for five key regions: North America, South America, Europe, Asia Pacific, and the Middle East & Africa, along with their key countries
  • 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 subsegments 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 competitive developments, such as sales contracts, agreements, investments, expansions, new product launches, mergers, partnerships, joint ventures, collaborations, and acquisitions, in the industrial control transformer market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Industrial Control Transformer Market Size,  Share & Growth Report
Report Code
EP 6241
Published ON
Jul, 2022
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