Transformer Core Market, By Transformer Type (Power Transformer, Distribution Transformer, and Other

Published Date: July 2020 | Report Code : EP2062389

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Transformer Core Market, By Transformer Type (Power Transformer, Distribution Transformer, and Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and the Rest of the World) – Market Size & Forecasting (2016-2028)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Energy

Report Code : EP2062389

Status : Published July 2020

Introduction

The transformer core is one of the basic materials involved in the manufacturing of transformers and power transmission systems for insulation, heat dispersion, and reduction of electricity losses. It comprises primary, secondary, or tertiary metallic windings which used in different grades, and are deployed in transformers in accordance with type of transformer and capacity. The transformer core helps to effectively transfer magnetic flux in the primary winding to secondary winding. The global transformer core market is expected to witness significant market growth due to rising government investments in renewable energy sources, increasing investments in expansion of electric infrastructure, along with expansion of grid networks. Furthermore, increasing demand for transformer core in the power industry is anticipated to boost growth of target market. In addition, rapid urbanization and industrialization in emerging economies are some of the factors expected to support revenue growth of the target market over the forecast period.

Transformer Core Market By Core TypeTransformer Core Market By Core Type

Transformer Core Market, Segment Analysis

By core type, transformer core gets categories into three types as close core, shell core, and berry. In terms of value, closed core accounted for the largest share of 43.9 % of the global transform core market, by core type in 2019. This market is valued at USD XX million in 2020 and is projected to grow at a CAGR of xx% during the forecast period to reach USD XX million by 2028. However, shell core segment expected to grow at highest CAGR of XX% over the forecast period to reach USD XX million by 2028.

Transformer Core Market By Transformer TypeTransformer Core Market By Transformer Type

Based on transformer type, global transformer core market segmented into power transformer, distribution transformer, isolation transformers, and auto transformers. In terms of value, power transformer accounted for the largest share of 41.0% of the global transform core market, by transformer type in 2019. This market is valued at USD XX million in 2020 and is projected to grow at a CAGR of XX% during the forecast period to reach USD XX million by 2028. However, distribution transformer segment expected to grow at highest CAGR of XX% over the forecast period to reach USD XX million by 2028.

Transformer Core Market By RegionTransformer Core Market By Region

Based on Regional analysis, transformer core market segmented into Asia-Pacific, North America, Western Europe, Eastern Europe, Middle East, and Rest of World. In terms of value, Asia-Pacific accounted for the largest share of 38.4% of the global transform core market, by region in 2019. This market is valued at USD XX million in 2020 and is poised to grow at a CAGR of XX% during the forecast period to reach USD XX million by 2028.

Transformer Core Market By Segmentation

Key Developments:

  • In March, 2020, ABB ltd., partnered with china state grid for large scale renewables. This partnership will provide key technologies to ensure and safeguard the reliable, efficient, and smooth transmission and distribution of electricity over these long-distance links – resulting in minimal losses and optimal power quality
  • In June, 2019, Fuji Electric Co., Ltd acquired Consul Neowatt Power Solutions Private Limited. Also, for this acquisition te company has entered into an agreement with Peepul Capital Fund III LLC and the individual shareholders to acquire the entire shares
  • April, 2019, Hyosung Corporation expanded its operations in the U.S. heavy industry market. This office in the U.S. provided diversified product portfolio Power Conditioning Systems (PCS)

Major Companies:  ABB Ltd., Siemens, Mitsubishi Electric, Hyosung, Crompton Greaves, Toshiba, Hitachi, Fuji Electric, and Ferroxcube International Holdings B.V., TDK Corporation, General Electric, Power Core Industries, Magnetic Metals Corp, MK Magnetics Inc

Market Segmentation:

By Core Type:

  • Closed Core
  • Shell Core
  • Berry

By Transformer Type:

  • Power Transformer
  • Distribution Transformer
  • Isolation Transformer
  • Auto Transformer

By Region:

North America Transformer Core Market

  • North America, by Country
    • US 
    • Canada 
    • Mexico
  • North America, by Transformer Type
  • North America, by Core Type

Western Europe Transformer Core Market

  • Western Europe, by Country
    • Germany 
    • UK 
    • France 
    • Italy 
    • Spain 
    • The Netherlands
    • Rest of Western Europe 
  • Western Europe, by Transformer Type
  • Western Europe  by Core Type

Asia Pacific Transformer Core Market

  • Asia Pacific, by Country 
    • China 
    • India 
    • Japan 
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific, by Transformer Type
  • Asia Pacific, Core Type

Eastern Europe Transformer Core Market

  • Eastern Europe, by Country
    • Russia 
    • Turkey 
    • Rest of Eastern Europe
  • Eastern Europe, by Transformer Type
  • Eastern Europe, by Core Type

Middle East Transformer Core Market

  • Middle East, by Country 
    • UAE 
    • Saudi Arabia
    • Qatar 
    • Iran
    • Rest of Middle East
  • Middle East, by Transformer Type
  • Middle East, by Core Type

Rest of the World Transformer Core Market

  • Rest of the World, by Country 
    • South America
    • Africa 
  • Rest of the World, by Transformer Type
  • Rest of the World, by Core Type

Objectives of this report:

  • To estimate market size for transformer core market on regional and global basis.
  • To identify major segments in transformer core market and evaluate their market shares and demand.
  • To provide a competitive scenario for the transformer core market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of transformer core market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • Provides niche insights for decision about every possible segment helping in strategic decision making process.
  • Market size estimation of the transformer core market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the transformer core market.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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