Transformer Core Market 2021 Provides Detail Analysis by Share, Types and Future Opportunity by 2027

Allied Market Research published a new report, titled, "Transformer Core Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Transformer core market is on a continuous rise due to increase in government investment in renewable power projects as well as the rapid industrialization and urbanization. Rising demand for electricity from various industries, increasing demand for transmission, and expansion of power projects to integrate renewable energy resources along with rapid urbanization globally are the major drivers of the market. However, price fluctuations in electrical steel and ferrite could hamper the growth of the market.

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Asia-Pacific and LAMEA collectively accounted for approximately 60% revenue share of the market in 2015, and are expected to maintain this trend throughout the forecast period. This is due to the rise in infrastructural and industrial development, especially in China, India, and other developing economies. The growth of the world transformer core market is expected to be driven by the increase in demand for electricity generation, especially in the Asia-Pacific and LAMEA regions.

Key players in the world transformer core market are concentrating on acquiring local players to strengthen their market reach as well as to expanding their customer base. Major companies profiled in the report include ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Crompton Greaves, Toshiba Corporation, Hitachi, Ltd., Fuji Electric Co. Ltd., and Ferroxcube International Holding B.V

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Key Findings of Transformer Core Market

Power transformer is anticipated to grow the fastest rate during the analysis period.

Asia-Pacific is estimated to continue to lead the market, growing at a CAGR of 6.0%, in terms of volume.

China occupied more than half of the total share of the Asia-Pacific transformer core market in 2015.

India is estimated to grow at the highest CAGR of 7.5%, in terms of revenue.

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