What Will Transformer Core Market Look Like In The Future? Arteche, Eilor Magnetic Cores, KRYFS, Megger, Metglas, Nicore Magnetic Cores, Power Core Industries

The global transformer core market size was valued at $8.9 billion in 2020, and global transformer core market forecast projected to reach $13.5 billion by 2030, with global market forecast expected at a CAGR of 4.3% from 2021 to 2030.

The transformer core is a critical component of electrical transformers used to transmit and distribute electrical energy. Its primary function is to facilitate the transfer of electrical energy from one coil (or winding) to another while changing the voltage level, either increasing (step-up transformer) or decreasing (step-down transformer) it.

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Key aspects of transformer cores:

Materials: Transformer cores are typically constructed from materials with high magnetic permeability to efficiently conduct magnetic flux. The most common materials used for transformer cores are:

Silicon Steel (Electrical Steel): This is the most widely used material for transformer cores due to its high magnetic permeability and low core loss (hysteresis and eddy current losses). It is available in various grades to suit different applications.

Amorphous Metal Alloys: These materials have extremely low core losses and are used in high-efficiency transformers, especially for low- and medium-frequency applications.

Ferrite: Ferrite cores are used in high-frequency transformers, such as those found in switch-mode power supplies and electronic devices.

Construction: Transformer cores are typically constructed as laminated stacks of thin sheets or strips of the chosen magnetic material, with each layer insulated from the adjacent ones. This laminated design reduces eddy current losses and improves core efficiency.

Core Shapes: Transformer cores can have various shapes, with the most common being:

E-Core: Resembles the letter "E" and consists of two vertical legs and a horizontal center section.

I-Core (or EE-Core): Resembles the letter "I" or two "E"s back-to-back, with two vertical legs connected by a central horizontal section.

U-Core: Resembles the letter "U" and consists of a single continuous loop.

T-Core: Combines the "E" and "U" shapes and consists of a horizontal top section and two vertical sections.

Transformers are commonly used in power distribution systems to increase or decrease voltage levels, and the design of the transformer core is critical in determining its efficiency and effectiveness. Proper design and material selection can help reduce energy losses due to heat, improve performance, and increase the lifespan of the transformer.

The key players operating and profiled in the report include Arteche, Corefficient S.R.L., Eilor Magnetic Cores, Foshan Juli Electromechanical Co., Ltd., KRYFS, Megger, Metglas, Inc., Nicore Magnetic Cores, Power Core Industries, and VilasTranscore Ltd.

The core is usually in the form of a stack of laminated sheets or "cores", which are insulated from each other to reduce eddy currents and energy losses due to hysteresis. These cores are designed to provide a low reluctance path for the magnetic flux generated by the transformer's primary winding, which induces an electromotive force (EMF) in the secondary winding.

Increase in demand for electricity production across the globe and rise in integration of renewable sources of energy to produce electricity drive the market growth.

Factors such as rapid fluctuations in raw material prices and change in regulatory environment are expected to hinder the market growth.

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 decline, owing to increase in expansion of power grids and power generation projects, thus fueling the total number of power transformers.

A transformer core is a type of magnetic core used in transformers to increase or decrease the voltage of electrical energy. It is typically made of ferromagnetic materials, such as iron or steel, which have high magnetic permeability, allowing them to efficiently conduct magnetic fields.

On the basis of core, the closed segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.

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Winding Placement: The windings (coils of wire) are wound around one or more legs of the transformer core. The winding placement and design depend on the specific requirements of the transformer, including voltage and current ratios.

Magnetic Flux: The transformer core provides a low-reluctance path for the magnetic flux generated by the primary winding. This flux induces a voltage in the secondary winding based on the turns ratio of the windings.

Operation: When an alternating current (AC) flows through the primary winding, it generates an alternating magnetic field in the core. This changing magnetic field induces a voltage in the secondary winding, which can be at a different voltage level than the primary.

Efficiency: Transformer cores are designed to minimize energy losses, including hysteresis loss (caused by magnetization and demagnetization of the core material) and eddy current loss (caused by circulating currents within the core material). These losses are reduced by using appropriate core materials, laminating the core, and optimizing the design.

Cooling: In large power transformers, cooling systems, such as oil or forced air, may be used to dissipate heat generated during operation to maintain the core at a safe temperature.

By product, the power transformer segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.

Depending on winding, the auto transformer segment registered the highest market share and is projected to maintain the same during the forecast period.

As per cooling, the dry type segment registered the highest market share and is projected to maintain the same during the forecast period.

According to insulation, the gas segment registered the highest market share and is projected to maintain the same during the forecast period.

By application, the industrial segment registered the highest market share and is projected to maintain the same during the forecast period.

Impact Of Covid-19

The electric industry accounted for significant share in terms of consumption of transformer core globally. The demand for electricity has increased due to the significant reductions in services and industry only partially offset by higher residential use, which, in turn, increases the demand for transformer core.

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The manufacturing of transformer core was halted for a specific period due to high peak of COVID-19 situation, which highly impacted the sales of transformer core.

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