Siemens Announces Another Major Price Increase – Up To 40% on Key Products

Siemens has once again raised list prices on a wide range of electrical and industrial automation products, with some categories seeing increases as high as 30–40%. The new pricing takes effect on March 25, 2026, and is driven primarily by surging global commodity and energy costs amid ongoing geopolitical tensions, including the conflict involving Iran.

In an official notice sent to customers in China, Siemens cited “the rapid rise in bulk commodity prices” as the main reason for the adjustment. The company emphasized its commitment to maintaining high-quality service and long-term value despite these pressures. This marks another round of price hikes in 2026, following earlier adjustments earlier in the year.

• Siemens CEO says customers holding back on investments due to Iran war
  

Key Product Price Adjustments (Effective March 25, 2026)

Industrial Control Products (Control & Protection):

• SIRIUS (Domestic) 3RT5/3RT6 series and accessories: +30%

• SIRIUS (Domestic) 3RH6 series: +20%

• SIRIUS (Imported) 3RT1/3RT2 contactors, 3RH2 relays and accessories: +15%

• SIRIUS SMART 3MT8, 3MH8 series and accessories: +35%

• SIRIUS 3RT7, 3RH7 series and accessories: +35%

• 3TF68/69 vacuum contactors, 3TC DC contactors and accessories: +35%

• 4-pole contactors 3TK and accessories: +15%

• Domestic 3TB series and accessories: +40%

Low-Voltage Distribution Products:

• Molded case circuit breakers – 3VA series: +10%

• 3VM series: +10%

• 3VC series: +3% to +10%

• Dual power transfer products – 3KC series: +5%

• Isolating switch products – 3LC/3KD series etc.: +20%

Discontinued/Phase-out Products:

• 3TS/3TH8/3TY (Domestic)/3TX partial models: +40%

Siemens noted that the actual increase for individual product models may vary depending on market conditions, exchange rates, and specific cost factors. Customers are advised to refer to the official price list effective March 25, 2026, for precise figures.

Why Is Siemens Raising Prices Again?

The timing of this announcement coincides with significant global supply-chain disruptions. Blockage of the Strait of Hormuz drives oil prices up by 56%.

The ongoing conflict in the Middle East, particularly developments involving Iran, has severely impacted shipping through the Strait of Hormuz — a critical chokepoint handling roughly 20% of the world’s oil and liquefied natural gas (LNG) trade.

Brent crude oil prices have surged sharply since the escalation, pushing energy and raw material costs higher across industries. Siemens CEO Roland Busch addressed this directly during the Siemens Tech Summit in Beijing on March 23, 2026, stating that the Iran war has led to “price increases for raw materials and energy,” causing customers — especially in oil & gas and petroleum sectors — to delay new plant investments. He described the situation as “growth is throttled because of price increases.”

These elevated input costs have now flowed downstream, forcing manufacturers like Siemens to pass on part of the burden through list price adjustments. Similar pressures have affected other players in the industrial automation and electrical equipment sector throughout 2026.

Important Order and Delivery Guidelines

To avoid disruptions,Siemens recommends the following:

• Orders placed before the new price list takes effect should have final payments settled by March 31, 2026.

• The latest delivery date for pre-increase orders is April 15, 2026. Orders not shipped by this date may be canceled (except those delayed due to Siemens’ own delivery reasons).

• For any questions or specific model pricing, customers should contact their local Siemens sales representative, who holds final interpretive authority on the adjustments.

What This Means for Customers

If you rely on Siemens SIRIUS contactors, low-voltage circuit breakers, or related automation components, now is the time to review upcoming projects and secure orders where possible. Many factories and system integrators are already accelerating procurement to lock in current pricing.

While price increases are never welcome, they reflect the challenging global environment shaped by geopolitical risks and commodity volatility. Siemens continues to invest in innovation and local support to help customers maintain competitiveness.

Stay Ahead of Rising CostsReview your Siemens product requirements today and consult your account manager for the latest quotations. For the most accurate information, always refer to Siemens’ official price lists and announcements.