06:30 ET Industrial Control Transformer Market worth $1.48 billion by 2030 | MarketsandMarkets™

prnewswire
2025.09.06 10:39
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The global Industrial Control Transformer Market is projected to grow from USD 1.14 billion in 2025 to USD 1.48 billion by 2030, at a CAGR of 5.3%. Key drivers include rising demand for energy-efficient power distribution, automation in various industries, and modernization of electrical grids. The three-phase segment is expected to lead market growth due to its efficiency in large-scale applications. North America is anticipated to be the second-largest market, supported by investments in energy infrastructure. Major players include ABB, Siemens, and Eaton, focusing on product innovation and strategic expansions.