Global Transformer Cores Market Size & Share will reach USD 8,806.79 million in 2021: Zion Market Research

Sarasota, FL, Nov. 17, 2016 (GLOBE NEWSWIRE) — Zion 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 demand for 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.   

Report Overview:

Magnetic core used in motors and transformers is a very crucial component in transformers. These cores are usually some form of iron or steel 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 core of transformer.

Rising electricity consumption and generation to cater the huge electricity demand across the globe will fuel the transformer core market growth. 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.

Browse through 13 Market Tables and 30 Figures spread over 122 Pages and in-depth TOC on “Global Transformer Cores Market: Type, Technology, Size, Share, Industry Segments, Geography and Forecast 2015-2021”.

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Key Segments:

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.

Browse the full “Transformer Cores Market (Distribution Transformer and Power Transformer) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” report at https://www.zionmarketresearch.com/report/transformer-cores-market

Regional Analysis:

Asia-Pacific was the largest market for transformers cores in 2015 and is expected to dominate the market throughout the forecast period. It accounted for around 37% share of the overall market in 2015 in terms of volume. Europe is also predicted to record substantial growth on account of ongoing aging infrastructure replacement activities in the region.

As per the World Bank, power consumption in Latin America is predicted to increase by twofold from 2010 to 2030 and is anticipated to gain an investment of about USD 430 billion to furnish the rising demand for electricity. This will fuel the number of power and distribution transformers which will in turn prompt the growth of transformer core market.

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Major Companies Involved:

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.

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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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