Energy and Power Industrial control transformer Market Analysis | Page 2

economies such as India and China including the rising usage of coal resources has propelled the
growth of industrial control transformers used in the power sector. Besides, evolving markets in
Asia-pacific extends several opportunities for wind power capacity additions being made in these
nations. For instance, by 2027, Asia’s offshore wind power capacity is projected to grow 20 times
reaching 43 GW. These factors would eventually boost the growth for industrial control
transformer market.
Key Players
The global industrial control transformer market has been dominated by key players such
as Broadman Transformers (UK), MCI Transformers (US), Rockwell Automation (US), General
Electric (US), Hubbell (US), ABB (Switzerland), Eaton (Ireland), Siemens AG (Germany),
Emerson Electric Co. (US), Schneider Electric (France), Electric Hammond Power Solutions
(Canada), SNC Manufacturing Co., Ltd (US), Dongan Electric Manufacturing Co. (US), and
Foster Transformer Company (US).
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