Transformer Core Market Research Report 2014-2022

The Transformer Core Industry Overview:

Transformer Core Market was valued at $7,123 million in 2015 and is expected to reach $8,897 million by 2022, growing at a CAGR of 3.5% from 2016 to 2022. Transformer cores comprise primary, secondary, or tertiary windings utilized in different grades, and are installed in transformers according to the transformer type and capacity. A low reluctance magnetic path known as the core of the transformer, common to all the windings, increases the overall efficiency of transformers. The efficiency of a transformer depends on the flux linkages between the core windings. The world transformer core market has witnessed considerable growth in the recent past, due to rise in government investment in renewable power projects and rapid industrialization and urbanization. The World Bank reported that the power consumption in Latin America is anticipated to increase by twofold from 2010 to 2030, and is expected to obtain an investment of approximately $430 billion to cater to the growing electricity demand. Thus, increase in the number of power transformers in turn boosts the growth of world transformer core market.

Full report:- https://www.futureindustryinsight.com/product/transformer-core-market-research-report-2014-2022/

Transformer Core Market Segmentation

Increase in demand for electricity production worldwide and rise in integration of renewable sources of energy to produce electricity drive the market growth. However, factors such as rapid fluctuations in raw material prices and change in regulatory environment are expected to hinder the market growth. In addition, Asia-Pacific is projected to register significant growth as compared to the saturated markets of North America and Europe. The amount of transformer cores used in distribution transformers is expected to reduce, owing to the increase in the expansion of power grids and power generation projects, thus fueling the total number of power transformers.

Top investment pockets

Asia-Pacific offers lucrative scope for investment in this market. Asia-Pacific and LAMEA are expected to offer opportunistic markets for new entrants due to increase in demand for electricity and increase in number of power projects. Moreover, rapid industrialization, urbanization, and rise in need for integration of renewable sources of energy for electricity generation along with infrastructural development, especially in emerging economies such as India, China, and Indonesia, Chile, Brazil, Argentina, are key factors that create opportunities for the world transformer core market. LAMEA is the second most lucrative region to invest, which is projected to exhibit a CAGR of 4.9%.

Top Investment Pockets in World Transformer Core Market

Top Winning Strategy

The key players in the world transformer core market have adopted different key business strategies such as acquisition, investments, product launch, and technological advancement to sustain the stiff competition in the global competitive market. The market players profiled in this report are transformer core manufacturers and suppliers that operate globally and distribute their products to several end user industries. The data pertaining to market players and their strategic moves have been obtained through annual reports and press releases of respective companies, blogs, websites, and primary calls made to the experts in the industry.

Transformer Core Market: Top Winning Strategies, 2011 – 2016 (%)

Segment Review:

The world transformer core market is segmented on the basis of type of transformer and geography. On the basis of type, it is classified into power transformers, distribution transformers, and others. Power transformers dominated the market in 2014, and this trend is expected to continue throughout the forecast period. The distribution transformer segment is anticipated to grow at a significant CAGR of 3.5%. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest region, in terms of revenue, with a share of more than half of the total in 2015, followed by Europe and North America.

Transformer Core Market Share, By Type of Transformer, 2015 (%)

Leading players invest huge capital in R&D activities to develop enhanced products to cater to the current demand. Key players operating in this are ABB Ltd., Siemens, Mitsubishi Electric, Hyosung, Crompton Greaves, Toshiba, Hitachi, Fuji Electric, and Ferroxcube International Holdings B.V.

Key Benefits

  • The report provides an extensive analysis of the current and emerging trends and opportunities in the world transformer core market.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided.
  • Estimations and forecasts are accessed by analyzing the factors affecting the growth of the market and future market potential from 2014 to 2022, in terms of value and volume.
  • Region- and country-specific analyses of market value and volume are based on primary as well as secondary sources and are comprehensively analyzed.
  • Competitive intelligence (of leading producers and suppliers) facilitates in understanding the competitive scenario across the geographies.
  • Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report offers key insights on strategic analysis of various companies as well as the value chain for transformer cores.

Transformer Core Market Key Segments:

By Transformer Type

  • Power Transformer
  • Distribution Transformer
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Russia
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • LAMEA
    • Brazil
    • Argentina
    • Saudi Arabia
    • South Africa
    • Rest of LAME
About Us:
Future Industry Insight, Inc. focuses on custom research, management consulting, IPO consulting, industry chain research, and data base &seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 15 years experiences on marketing.
Media Contact:
Company Name: Future Industry Insight Inc.
Name: Rahul
Designation: Global Sales Manager
Ph: +17132421323
City: New York
Country: United States
Teilen Sie diesen Presseartikel