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Global Transformer Cores Market Would Reach USD 8,806.79 Million By 2021

Global Transformer Cores Market Would Reach USD 8,806.79 Million By 2021

United States, 20 December 2017 -- Global transformer cores market to reach USD 8,806.79 million in 2021 and is growing at a CAGR of 3.81% between 2016 and 2021.

Zion Market Research has published a new report titled “Transformer Cores Market (Distribution Transformer and Power Transformer) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. The global transformer cores market was valued at USD 7,036.92 million in 2015 is expected to reach USD 8,806.79 million in 2021 and is anticipated to grow at a CAGR of above 3.81% between 2016 and 2021.

The magnetic core is an essential component in transformers. These cores are typically some form of steel or iron and serve as a pathway for magnetic flux. There are many types of magnetic cores that are well suited for various purposes. Different types of transformer cores include solid iron/steel core, laminated silicon steel core and amorphous steel cores. The electrical power transformer has primary, secondary and may be tertiary windings. The performance of a transformer mostly depends on the flux linkages among these windings. For efficient flux linking among these windings, one low reluctance magnetic path common to all windings is provided in the transformer. This low reluctance magnetic path is referred as the core of the transformer.

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Increasing expansion activities in transmission and distribution network projects is expected to drive the global transformers market. This will, in turn, propel the demand for transformers core in the years to come. Transformer core market has witnessed substantial growth in the recent past on account of escalating government investment in renewable power projects and rapid urbanization and industrialization. However, pricing pressures on transformer manufacturers coupled with an increase in raw material costs may curtail the growth of the market in the foreseeable future.

Transformer cores are used in power transformers and distribution transformers. In 2015, power transformer cores dominated the global market over 50% share of the total market. Increasing expansion of power grids and power generation projects worldwide are fueling the total number of power transformers.

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Asia Pacific is predicted to prevail over other regions owing to industrial, economic and social development in emerging countries such as India and China. Replacement of aging power infrastructure in Europe and North America is further anticipated to surge the demand for transformer cores in these regions. Furthermore, several initiatives undertaken by European nations to install green transformers are also expected to stimulate the transformer core market in near future.

ABB is one of the prominent players in transformer core industry and energy efficiency is a keystone of ABB strategy and has been a key driver of research and development in ABB’s transformer business for many years. Other key players in the transformer and transformer core industry include Siemens AG, ALSTOM, Jiangsu Huapeng Transformer, Schneider Electric, General Electric and Toshiba among others.

Browse detail report with in-depth TOC @

https://goo.gl/U843Xc

This report segments the transformer cores market as follows:

Transformer Cores Market: Type Analysis

Power Transformer
Distribution Transformer
Transformer Cores Market: Regional Analysis

North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
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About Us: Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Submitted by Stevan Schulz, Market Research Store on Wednesday, 20 December 2017 at 5:43 PM
Category: Enterprise Technology
 
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