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Transformer Core Market Will Going To Be Worth $8,897 million By The End Of 2022|key players like ABB Ltd.,Siemens AG,Mitsubishi Electric Corporation,Crompton Greaves,Toshiba Corporation

12-30-2020 03:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Transformer Core Market Will Going To Be Worth $8,897 million

Transformer cores are generally primary, secondary, or tertiary windings used to reduce current losses. The efficiency of a transformer depends on the flux linkages between the core windings. Transformer cores are of different grades, and are installed in transformers according to the transformer type and capacity.

The market for transformer core has considerably increased in the recent past, due to increase in government investment in renewable power projects coupled with the rapid industrialization and urbanization. The world transformer core market is projected to reach $8,897 million by 2022, from 2015 value of $7,123 with a CAGR of 3.5% from 2016 to 2022.

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The transformer core market is driven by the increase in urbanization, transmission, and expansion of power projects to integrate renewable sources of energy such as wind power and hydro power. Challenges faced by this industry are rapid fluctuations in raw material prices involved in the manufacturing process coupled with the regulatory barrier.

Some of the key players of Transformer Core Market:

ABB Ltd.,Siemens AG,Mitsubishi Electric Corporation,Crompton Greaves,Toshiba Corporation,Hitachi, Ltd.,Fuji Electric Co. Ltd.,Ferroxcube International Holding B.V.

The world transformer core market is segmented on the basis of type of transformer and geography. Based on the type of transformer, it is classified into power transformers, distribution transformers, and others. The power transformers segment dominated the world transformer core market in 2014, and is expected to maintain its lead throughout the forecast period. The distribution transformer segment is anticipated to grow at a significant CAGR of 3.5% over the forecast period. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific occupied more than half of the total revenue share in 2015, followed by Europe and North America.

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What the report features:-

• Global analysis of Transformer Core Market from 2014-2022 illustrating the progression of the market.
• Forecast and analysis of Transformer Core Market by Dosage, Route of Administration and Application from 2014-2022.
• Forecast and analysis of Transformer Core Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Reason to Buy:

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Transformer Core
2. Highlights key business priorities in order to assist companies to realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Transformer Core Market, thereby allowing players to develop effective long term strategies.
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Sameer Joshi
Call: US: +1-646-491-9876, Apac: +912067274191
Email: sales@premiummarketinsights.com

About Premium market insights:
Premiummarketinsights.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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