Global Core Transformers Market 2018- Rise In Integration of Renewable Sources of Energy to Produce Electricity Drive the Market Growth

Market Overview

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.

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. Increase in the number of power transformers in turn boosts the growth of world transformer core market.

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Major Market Player’s

ABB, Siemens, Alstom, TOSHIBA, Mitsubishi Electric, Hitachi, HYOSUNG, ZTR, SGB-SMIT, Fuji Electric, CG, SPX, TDK, Efacec, Laird, Fair-Rite Products Corp, Ferroxcube, TBEA, JSHP Transformer, Wujiang Transformer, China XD Group, Tianwei Group, Dachi Electric, Liye Power Transformer, Luneng Mount.Tai Electric, Qiantang River Electric, AT&M, Sanbian Sci-Tech, Gaotune technologies

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.

Industry Segments

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Power Industry, Consumer Electronics

Region Coverage (Regional Output, Demand & Forecast by Countries etc.):
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Arabia, South Africa etc.)

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):

Steel Laminated Cores, Solid Cores

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