Home » Advanced Materials » Transformer Core Market

Transformer Core Market By Type (Power Transformers, Distribution Transformers and Others) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025

Summary
Table Of Content

Market Insights

Transformer cores are primary, secondary, or tertiary metallic windings used in diverse grades and are fitted in transformers depending upon the type of transformer and its capacity. A low-resistance magnetic winding, also known as the transformer core, is common to all the windings present in the transformer. The core is usually arranged around the windings to offer multiple paths for the magnetic waves to traverse. The core is seized together by mechanical structures and is connected to a single grounding point to disintegrate electrostatic accumulation. The core of a transformer helps in EMI shielding and maintaining uninterrupted power transmission, which increases the overall efficiency of transformers. The efficiency of a transformer hinges on the links between the flux and core windings. The transformer core market has foreseen significant growth over the past few years owing to an increase in investments by governments in renewable power schemes coupled with rapid industrialization and urbanization.

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample

An increase in demand for electricity production across the globe and growth in the integration of renewable energy sources to generate electricity are some major aspects driving the market’s growth. Power transformers require more amount of cores than distribution transformers due to their large size. Thus, the number of transformer cores installed in distribution transformers is estimated to decrease due to a rapid increase in the development of power generation projects and new power grids. This, in turn, is accelerating the number of power transformers, which is a major trend prevailing in the global transformer core market.

However, several challenges, such as increasing fluctuations in the prices of raw materials and variations in the regulatory environment, are expected to impede the market’s growth.

On the basis of type, power transformers account for a major share of the global transformer core market owing to the increasing demand for electricity generation, which in turn requires large electricity grids. Thus, the use of power transformers at electricity production sites is expected to drive the overall demand over the forecast period.

Asia Pacific is expected to be the dominant region due to its increasing population and increasing demand for sustainable sources of energy. Also, the increasing growth of the Chinese and Indian economies is a major factor driving the growth of the Asia-Pacific transformer core market. Rapid urbanization in India and China is leading to an unprecedented demand for new infrastructural projects. The rising number of commercial buildings such as shopping malls, multiplexes, commercial complexes, and office buildings is leading to a surge in demand for efficient electricity transmission frameworks, thus driving the Asia-Pacific transformer core market.

The global transformer core market can be categorized on the basis of transformer type as follows:

Power Transformers
Distribution Transformers
Others

The power transformers segment was dominant in the global transformer core market in 2016 and is anticipated to maintain its dominance over the forecast period from 2017 to 2025. This is due to increasing electricity generation across the globe, coupled with a high demand for efficient power grids. Global electricity production through thermal power accounts for more than 40% of overall electricity production. Governments of various developing and developed countries have focused on promoting renewable energy sources such as wind, solar, and hydro due to the increase in output efficiency coupled with less pollution and low maintenance costs. This factor is expected to increase the number of renewable energy plants, which would require transformers for power grids, power stations, transmission, and distribution facilities. For instance, according to the International Energy Agency, the world’s electricity production from renewable energy sources is expected to reach 8,108 TWh by the end of 2025. An increasing number of power projects have fueled the demand for power transformers to ensure efficient electricity transmission. Transformer cores are also coated with epoxy resins to reduce eddy currents and humming losses in power transformers. Moreover, load fluctuations are less in power transformers due to higher flux densities during the transmission of electricity from power stations to distribution stations. Asia-Pacific is expected to be the largest consumer of transformer cores in power transformers, owing to the presence of a large number of infrastructure and power generation projects. An increase in the deployment of power transformers in every commercial infrastructure project, along with increasing demand for power transmission due to urbanization, especially in developing economies, is expected to provide growth opportunities in the global transformer core market. Moreover, the availability of various capacities of power transformers helps consumers choose their products accordingly, which further smooths the market’s growth.

The global transformer core market can be categorized on the basis of regions and countries as follows:

North America

- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
Latin America
- Brazil
- rest of Latin America
Middle East and Africa (MEA)
- GCC Countries
- the remainder of MEA

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

The Asia-Pacific transformer core market is growing at a rapid pace. This growth is mainly attributed to the enhancement of grid infrastructure and the increasing demand for electricity, especially in densely populated countries such as India and China. The Asia-Pacific transformer core market is expected to grow at a significant pace, owing to increasing investments in the installation of renewable energy-based power projects. In addition, the Asia-Pacific region is one of the largest consumers of transformer cores due to the increased focus of governments to improve urban and rural infrastructure. China dominates the Asia-Pacific transformer core market, followed by India, due to the expeditious rise in the demand for sustainable and efficient electricity transmission in various application industries. The increasing need for automation and the deployment of technological advancements drives the demand for transformer cores in the region. Rapid industrialization and the expansion of electric networks in the region further drive market growth. North America is expected to account for the second-largest share due to the presence of a large number of thermal power plants in the region. Moreover, increasing usage of independent transformers, especially in industrial applications, is expected to drive the North American transformer core market.

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.3. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Transformer Core Market Snapshot
2.1.1. Global Transformer Core Market, by Type, 2016
2.1.2. Global Transformer Core Market, by Geography, 2016
2.2. Global Transformer Core Market: Premium Insight
2.2.1. Attractive Market Opportunities in the Global Transformer Core Market
2.2.2. Global Transformer Core Market: Developed vs. Developing Economy
2.2.3. Global Transformer Core Market: Asia-Pacific Market Analysis

Chapter 3. Transformer Core Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography

Chapter 4. Global Transformer Core Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
4.1. Overview
4.1.1. Attractive Investment Proposition: By Type
4.2. Power Transformers
4.3. Distribution Transformers
4.4. Others

Chapter 5. Global Transformer Core Market, by Geography, 2015 – 2025 (Kilotons, US$ Mn)
5.1. Overview
5.2. North America Transformer Core Market Analysis, 2015 – 2025
5.2.1. North America Transformer Core Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
5.2.2. North America Transformer Core Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe Transformer Core Analysis, 2015 – 2025
5.3.1. Europe Transformer Core Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
5.3.2. Europe Transformer Core Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. France
5.3.2.4. Rest of Europe
5.4. Asia Pacific Transformer Core Market Analysis, 2015 – 2025
5.4.1. Asia Pacific Transformer Core Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
5.4.2. Asia Pacific Transformer Core Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
5.4.2.1. Japan
5.4.2.2. China
5.4.2.3. India
5.4.2.4. Rest of APAC
5.5. Latin America Transformer Core Market Analysis, 2015 – 2025
5.5.1. Latin America Transformer Core Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
5.5.2. Latin America Transformer Core Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
5.5.2.1. Brazil
5.5.2.2. Rest of Latin America
5.6. Middle East & Africa (MEA) Transformer Core Market Analysis, 2015 – 2025
5.6.1. MEA Transformer Core Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
5.6.2. MEA Transformer Core Market, by Region, 2015 – 2025 (Kilotons, US$ Mn)
5.6.2.1. GCC
5.6.2.2. Rest of MEA

Chapter 6. Company Profiles
6.1. Ferroxcube International Holdings B.V.
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Product Portfolio
6.1.4. Key Developments
6.2. Siemens AG
6.2.1. Business Description
6.2.2. Financial Information (Subject to data availability)
6.2.3. Product Portfolio
6.2.4. Key Developments
6.3. ABB Ltd.
6.3.1. Business Description
6.3.2. Financial Information (Subject to data availability)
6.3.3. Product Portfolio
6.3.4. Key Developments
6.4. HYOSUNG CORPORATION
6.4.1. Business Description
6.4.2. Financial Information (Subject to data availability)
6.4.3. Product Portfolio
6.4.4. Key Developments
6.5. Mitsubishi Electric
6.5.1. Business Description
6.5.2. Financial Information (Subject to data availability)
6.5.3. Product Portfolio
6.5.4. Key Developments
6.6. Toshiba
6.6.1. Business Description
6.6.2. Financial Information (Subject to data availability)
6.6.3. Product Portfolio
6.6.4. Key Developments
6.7. Crompton Greaves
6.7.1. Business Description
6.7.2. Financial Information (Subject to data availability)
6.7.3. Product Portfolio
6.7.4. Key Developments
6.8. Fuji Electric
6.8.1. Business Description
6.8.2. Financial Information (Subject to data availability)
6.8.3. Product Portfolio
6.8.4. Key Developments
6.9. Hitachi Limited
6.9.1. Business Description
6.9.2. Financial Information (Subject to data availability)
6.9.3. Product Portfolio
6.9.4. Key Developments

List of Figures

FIG. 1 Transformer Core: Market Segmentation
FIG. 2 Transformer Core Market: Premium Insights
FIG. 3 Attractive Investment Proposition, by Geography
FIG. 4 Global Transformer Core Market Value, by Type, 2016 (Share, %)
FIG. 5 Global Power Transformers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 6 Global Distribution Transformers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 7 Global Others Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 8 Global Transformer Core Market Value, by Geography, 2016 (Share, %)
FIG. 9 U.S. Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 10 Canada Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 11 U.K. Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 12 Germany Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 13 Spain Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 14 France Transformer Core Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 15 Italy Transformer Core Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 16 Rest of Europe Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 17 Japan Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 18 China Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 19 India Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 20 Rest of Asia Pacific Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 21 Brazil Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 22 Mexico Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 23 Rest of Latin America Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 24 GCC Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 25 Rest of Middle East and Africa Transformer Core Market, 2015 – 2025 (Kilotons, US$ Mn)

List of Tables

TABLE 1 Global Transformer Core Market Snapshot
TABLE 2 Global Transformer Core Market, by Type, 2015 – 2025 (Kilotons)
TABLE 3 Global Transformer Core Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 4 Global Transformer Core Market, by Geography, 2015 – 2025 (Kilotons)
TABLE 5 Global Transformer Core Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 6 North America Transformer Core, by Type, 2015 – 2025 (Kilotons)
TABLE 7 North America Transformer Core, by Type, 2015 – 2025 (US$ Mn)
TABLE 8 North America Transformer Core, by Country, 2015 – 2025 (Kilotons)
TABLE 9 North America Transformer Core, by Country, 2015 – 2025 (US$ Mn)
TABLE 10 Europe Transformer Core, by Type, 2015 – 2025 (Kilotons)
TABLE 11 Europe Transformer Core, by Type, 2015 – 2025 (US$ Mn)
TABLE 12 Europe Transformer Core, by Country, 2015 – 2025 (Kilotons)
TABLE 13 Europe Transformer Core, by Country, 2015 – 2025 (US$ Mn)
TABLE 14 Asia-Pacific Transformer Core, by Type, 2015 – 2025 (Kilotons)
TABLE 15 Asia-Pacific Transformer Core, by Type, 2015 – 2025 (US$ Mn)
TABLE 16 Asia-Pacific Transformer Core, by Country, 2015 – 2025 (Kilotons)
TABLE 17 Asia-Pacific Transformer Core, by Country, 2015 – 2025 (US$ Mn)
TABLE 18 Latin America Transformer Core, by Type, 2015 – 2025 (Kilotons)
TABLE 19 Latin America Transformer Core, by Type, 2015 – 2025 (US$ Mn)
TABLE 20 Latin America Transformer Core, by Country, 2015 – 2025 (Kilotons)
TABLE 21 Latin America Transformer Core, by Country, 2015 – 2025 (US$ Mn)
TABLE 22 Middle East and Africa Transformer Core, by Type, 2015 – 2025 (Kilotons)
TABLE 23 Middle East and Africa Transformer Core, by Type, 2015 – 2025 (US$ Mn)
TABLE 24 Middle East and Africa Transformer Core, by Country, 2015 – 2025 (Kilotons)
TABLE 25 Middle East and Africa Transformer Core, by Country, 2015 – 2025 (US$ Mn)
TABLE 26 Ferroxcube International Holdings B.V.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 27 Siemens AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 28 ABB Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 29 HYOSUNG CORPORATION: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 30 Mitsubishi Electric: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 31 Toshiba: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 32 Crompton Greaves: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 33 Fuji Electric.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 34 Hitachi Limited: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

Frequently Asked Questions:

What is the size of Transformer Core Market?

The market for Transformer Core is expected to reach US$ XX Bn in 2025.

What is the Transformer Core Market CAGR?

The Transformer Core market is expected to see significant CAGR growth over the coming years,at 4.2%.

What is the Forecast period considered for Transformer Core Market?

The report is forecasted from 2017-2025

What is the base year considered for Transformer Core Market?

The base year of this report is 2016.

Who are the major players in this Market?

Ferroxcube International Holdings B.V.,Siemens AG,ABB Ltd.,HYOSUNG CORPORATION,Mitsubishi Electric are some of the major players in the global market.

Purchase Options

Request Free Sample

Have a question?

Don’t settle for less – trust Mitul to help you find the best solution.

Call: +91 6232 49 3207

EMAIL MITUL

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –