Dublin, March 16, 2023 (GLOBE NEWSWIRE) -- The "Transformer Core Market by Core, Product, Winding, Cooling, Insulation, Application, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global transformer core market size reached US$ 8.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 11.3 Billion by 2028, exhibiting a CAGR of 4.06% during 2022-2028.
Companies Mentioned
- Arteche
- Corefficient S de RL de CV
- Eilor Magnetic Cores
- Ferroxcube International Holding B.V. (Yageo Group)
- Fuji Electric Co. Ltd.
- KRYFS Power Components Ltd.
- Metglas Inc. (Hitachi Metals Ltd.)
- Nicore Magnetic Cores
- Powercore Industries India Private Limited
- Vilas Transcore Ltd.
The increasing adoption of renewable energy sources, rising environmental concerns and energy security, and extensive research and development (R&D) activities represent some of the key factors driving the market.
A transformer core refers to a static device that transmits power through electromagnetic induction from one source to another. It is made of thin laminations of cold-rolled grain-oriented silicon steel and comprises primary, secondary, or tertiary metallic windings, which are used in different grades.
It helps in transferring magnetic flux in the primary winding to the secondary winding effectively. It provides mechanical support to the windings and a low reluctance closed ferromagnetic path to the magnetic flux and reduces the losses due to flux leakage. At present, the rising adoption of energy storage technologies, such as batteries and pumped hydro, is catalyzing the demand for transformer core that can efficiently transmit power across the globe.
The surging electricity consumption represents one of the major factors driving the demand for transformer cores to minimize the instances of power failures around the world. Moreover, the rising adoption of renewable energy sources, such as wind and solar, is bolstering the growth of the market.
In addition, rapid urbanization, increasing global population, and the growing investments in the development of smart cities are influencing the application positively of transformer cores in residential, commercial, and industrial areas. Apart from this, due to rising environmental concerns and energy security, governments of numerous countries are imposing stringent policies to reduce greenhouse gas emissions and improve energy efficiency.
This, coupled with the advent of distribution automation technologies that enable real time monitoring and control of power distribution systems, is contributing to the market growth. Besides this, the growing demand for electric vehicles (EVs) and the increasing number of EV charging stations are catalyzing the need for transformer cores worldwide. The rising demand for luxury cruise ships or cargo ships and the expanding trade activities is strengthening the growth of the market.
Additionally, transformer cores are employed in the telecommunication industry to allow efficient transmission and processing of signals. Key players are extensively financing research and development (R&D) activities by developing advanced transformer cores.
They are also incorporating sensors and control systems and high temperature superconducting materials to optimize performance, increase efficiency, and reduce losses.
Key Questions Answered in This Report:
- How has the global transformer core market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global transformer core market?
- What is the impact of each driver, restraint, and opportunity on the global transformer core market?
- What are the key regional markets?
- Which countries represent the most attractive transformer core markets?
- What is the breakup of the market based on the core?
- Which is the most attractive core in the transformer core market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the transformer core market?
- What is the breakup of the market based on the winding?
- Which is the most attractive winding in the transformer core market?
- What is the breakup of the market based on the cooling?
- Which is the most attractive cooling in the transformer core market?
- What is the breakup of the market based on the insulation?
- Which is the most attractive insulation in the transformer core market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the transformer core market?
- What is the competitive structure of the global transformer core market?
- Who are the key players/companies in the global transformer core market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 148 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $8.9 Billion |
| Forecasted Market Value (USD) by 2028 | $11.3 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Transformer Core Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Core
6.1 Shell
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Closed
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Berry
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Product
7.1 Power Transformer
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Distribution Transformer
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Instrument Transformer
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Winding
8.1 Two Winding
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Auto Transformer
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Cooling
9.1 Dry Type
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Self Cooled
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Insulation
10.1 Gas
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Oil
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Solid
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Air
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Application
11.1 Industrial
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Residential and Commercial
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Utility
11.3.1 Market Trends
11.3.2 Market Forecast
12 Market Breakup by Region
13 Drivers, Restraints, and Opportunities
13.1 Overview
13.2 Drivers
13.3 Restraints
13.4 Opportunities
14 Value Chain Analysis
15 Porters Five Forces Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/95h426
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