openPR Logo
Press release

Transformer Core Market : Increasing Disposable Incomes Raises Opportunities By 2025

08-01-2017 03:39 PM CET | Energy & Environment

Press release from: TMR Research

Transformer Core Market : Increasing Disposable Incomes Raises

Global Transformer Core Market: Snapshot

The global transformer core market is treading along a healthy growth path and is expected to witness an upward trajectory in the years to come as well. The market is driven due to a number of factors, with the rising consumption of electricity across developed and developing economies at the core. The market for transformer core is also significantly benefitting from the expansion of grid networks in developing economies, rising investment in grid renovation projects in developed economies, and the increased integration of renewable power with conventional grids.

Rapid industrialization and urbanization in economies across regions such as Asia Pacific, Latin America, and Middle East and Africa are leading to a continuous rise in demand for grid elements and are, in turn, fueling the demand for transformer core. Power transformers are presently the leading product segment of the global transformer core market, accounting for a massive share in the overall revenue of the market. The segment is expected to remain at the forefront in terms of demand and account for the leading share in global revenue over the next few years as well.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1283

The market for transformer core in Asia Pacific, Latin America, and Middle East and Africa are presently the key drivers of the global market, collectively generating a lion’s share of overall revenue of the global market. Factors such as the vast rise in industrial and infrastructure development activities in the regions in the past few years are attributable to the leading positions of these regions in the global market and are expected to continue to drive these regional markets over the report’s forecast period as well.

Global Transformer Core Market: Overview

A transformer consists of primary and secondary windings. Its performance is mainly determined by the flux linkages between these coils. For efficient performance, one magnetic path with low reluctance common to both the coils is provided in transformers. This low reluctance magnetic path forms the core of a transformer. Cores are available in various forms, including laminated steel, toroidal, solid, and air. Currently, the global transformer core market is experiencing robust growth due to the increasing investments by governments worldwide in renewable power projects.

The report provides an extensive analysis of the trends and opportunities in the global transformer core market. It forecasts the potential growth trajectory of the market between 2017 and 2025 by examining the current scenario and historic data. Both primary and secondary resources have come into play while collating this study on the transformer core market and its affiliated industries. The report segments the market on the basis of various criteria such as geography and type. The data for each segment is presented in terms of value as well as volume. Competitive profiling of prominent players along with their business strategies and latest developments facilitate in understanding the competitive scenario across the overall market as well as different geographies.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1283

Global Transformer Core Market: Drivers and Restraints

The ever-rising demand for electricity is the foremost factor augmenting the global transformer core market. As per a report by the World Bank, the power consumption in Latin America is estimated to rise by twofold between 2010 and 2030 and is anticipated to raise an investment of about US$430 bn to cater to the growing electricity demand. In addition, the growing emphasis on the integration of renewable energy sources to produce electricity is working in favor of the market. Moreover, rapid urbanization and industrialization in emerging countries are creating staggering demand for electricity, which in turn is providing a fillip to the market. Various studies suggest that cities around the world consume two-thirds of global energy.

On the other hand, the turbulent prices of raw materials required to manufacture transformer cores are negatively impacting the overall revenue generation of the market. Furthermore, the changing regulatory environment makes compliance difficult for manufacturers, thereby adversely affecting the growth of the market. However, emerging regions such as Asia Pacific, Latin America, and the Middle East are likely to offer tremendous growth opportunities for the market.

Global Transformer Core Market: Region-wise Outlook

The key segments studied in the report on the basis of geography are Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific will be a prominent market for transformer core throughout the forecast period. The rising demand for electricity and a subsequently increasing number of power projects are primarily fuelling the growth of the region. Moreover, rapid industrialization and industrialization along with infrastructural development in the region is propelling the market.

Get Discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=1283

The Rest of the World segment is expected to follow same growth trends. Latin America will be the sight of high growth rate in the region. North America and Europe will rise at relatively sluggish pace owing to the mature markets in these region.

Global Transformer Core Market: Competitive Landscape

Key players are focusing towards the launch of innovative and efficient products to sustain stiff competition in the global transformer core market. They are allocating sizeable funds to the research and development of enhanced products to cater to the customer requirements. Companies are aiming at expanding their global reach through acquisitions and mergers. Some of the prominent companies operating in the market are Siemens, ABB Ltd., Crompton Greaves, Mitsubishi Electric, Hitachi, Toshiba, and Fuji Electric.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

Rohit Bhisey
Head - Internet Marketing
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Transformer Core Market : Increasing Disposable Incomes Raises Opportunities By 2025 here

News-ID: 649301 • Views: 187

More Releases from TMR Research

High Pressure Seals Market Scope, Segmentation, Development and Opportunities wi …
Global High Pressure Seals Market: Snapshot High pressure seals market have evolved rapidly over the course of ten-year period. Broadly, the strides have been stirred by the advent of better composite materials, substantial engineering advances, and changing requirements of end-use industries. Most prominently, new product development avenues have come from the growing use of high pressure seals market in a range of applications in the oil and gas industry. High pressure
Evaporative Condensing Unit Market Newer segments of application 2025
Global Evaporative Condensing Unit Market: Snapshot The applications of evaporative condensers in commercial HVAC have been common over the past few decades. However the recent rate of advancement in this field has been enormous, thanks to the incorporation of newer and better materials, faster and cost-efficient manufacturing processes, and the increasing demand for the perfect HVAC system. The basis of evaporative condensers lies in the enhancement of heat rejection through the
Composites Testing Market Expansion Projected to Gain an Uptick During 2025
Global Composites Testing Market: Snapshot Composite testing is most commonly defined as the testing or analysis of composite materials. Composite and non-metallic materials, such as concrete, fiber-reinforced polymers, thermoplastic composites, shape memory polymer composites, high strain composites, metal matrix composites, ceramic matrix composites, sandwich-structured composite, and wood plastic composite, are becoming increasingly prevalent in various manufacturing applications. Since these materials are highly complex in structure, the need for their accurate and
Polysilicon Market Poised to Garner Maximum Revenues During 2025
Polysilicon Market: Snapshot Polysilicon is an extremely pure form of silicon. Its main application is in the production of solar photovoltaic units, due to its promising semiconductor properties. The rapid growth of the solar photovoltaics sector in recent years is thus the major driver for the polysilicon market. Developed countries in North America and Europe have been leading consumers in the global polysilicon market due to the steady government support to the

All 5 Releases


More Releases for Core

Ultra-rugged quad core module
Deggendorf, Germany, 30 April 2020 * * * congatec - a leading vendor of embedded computing technology - introduces its new conga-TR4 COM Express Type 6 module with AMD Ryzen(TM) Embedded V1000 Series processors for the industrial temperature range from 40�C to +85�C. It is available with optional burn-in & cold-soak stress screening service for highest reliability. The most demanding graphics and compute workloads benefit from the
HostForLIFE.eu Proudly Launches ASP.NET Core 2.1 Hosting
HostForLIFE.eu was established to cater to an underserved market in the hosting industry; web hosting for customers who want excellent service. HostForLIFE.eu - a cheap, constant uptime, excellent customer service, quality, and also reliable hosting provider in advanced Windows and ASP.NET technology. HostForLIFE.eu proudly announces the availability of the ASP.NET Core 2.1 hosting in their entire servers environment. ASP.NET is Microsoft's dynamic website technology, enabling developers to create data-driven websites using
Quad-Core vs. Hexa-Core for Scanners and Handheld Terminals
DENSO, part of the Toyota group and inventor of the QR Code, describes why a sports car is not always faster than a hatchback. Multi-core processors offer different advantages for mobile data collection. / Maximised processor performance due to microprocessors with more than one complete main processor core. / Cheaper due to one processor base. / Hexa-core processors are not necessarily preferable to quad-core processors. / External factors, for example
DynamicPDF Core Suite v7.0 for .NET released
ceTe Software, creators of the DynamicPDF product line that specializes in providing the .NET development community with components and tools for real-time PDF generation, manipulation, printing and more, announced the release of DynamicPDF Core Suite v7.0 for .NET. Core Suite 7.0 for .NET packages Generator v7.0 for .NET, Merger v7.0 for .NET and ReportWriter v7.0 for .NET into one PDF library. Version 7.0 is a major release incorporating many new
TiSUN extends core markets
The Tyrol-based solar experts TiSUN conquer the green island with a new Sales Director and set up England and Wales as a major potential market in the solar thermal field. TiSUN serves its core markets with a two- or three-level distribution. At the end of June the Tyrolean solar system manufacturer extended its 5 core markets of Austria, Germany, France, Italy and Spain to include England and Wales. Geoff Miller
George L. Scammell, ASID, IIDA, JOINS CORE
Firm's Newest Partner to Grow Hospitality Sector Practice [Washington, DC, November 10, 2008] - Internationally recognized architecture and design firm CORE announces the arrival of George L. Scammell, ASID, IIDA, as the firm’s newest principal. Established in 1991 by Dale Stewart, AIA, and Peter Hapstak III, AIA, IIDA, ISP, CORE architecture | design welcomes George into a dynamic team that also includes Guy Martin, AIA, who joined as a partner