Global Transformer Cores Market Growth 2023-2029

Global Transformer Cores Market Growth 2023-2029

Product Code:454405

Published Date: Feb 08,2023

Pages: 124

Region: Global

Category: Machinery & Equipment

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A transformer core is typically made of a high perm material with little or no gap. Energy is transferred constantly from an AC source through the coupling of the lines of flux between the winding on the primary and the winding on the secondary. An ideal transformer provides minimum core losses and maximum power transfer, at a low cost in the least amount of space. Core materials for transformers are typically ferrites, strip wound products and, less commonly, powder cores.

LPI (LP Information)' newest research report, the “Transformer Cores Industry Forecast” looks at past sales and reviews total world Transformer Cores sales in 2022, providing a comprehensive analysis by region and market sector of projected Transformer Cores sales for 2023 through 2029. With Transformer Cores sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Transformer Cores industry.

This Insight Report provides a comprehensive analysis of the global Transformer Cores landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Transformer Cores portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Transformer Cores market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Transformer Cores and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Transformer Cores.

The global Transformer Cores market size is projected to grow from US$ 6809.6 million in 2022 to US$ 9502.6 million in 2029; it is expected to grow at a CAGR of 9502.6 from 2023 to 2029.

Global Transformer Cores key players include ABB, SIEMENS, Alstom, TBEA, TOSHIBA, etc. Global top five manufacturers hold a share over 25%.

China is the largest market, with a share over 35%, followed by North America and Europe, both have a share over 40%.

In terms of product, Steel Laminated Cores is the largest segment, with a share over 95%. And in terms of application, the largest application is Power Industry Transformer, followed by Consumer Electronics Transformer, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Transformer Cores market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Steel Laminated Cores
    Solid Cores

Segmentation by application
    Power Industry Transformer
    Consumer Electronics Transformer

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    ABB
    SIEMENS
    Alstom
    TOSHIBA
    Mitsubishi Electric
    Hitachi
    HYOSUNG
    ZTR
    SGB-SMIT
    Fuji Electric
    CG
    SPX
    TDK
    Efacec
    Laird
    Fair-Rite Products Corp
    Ferroxcube
    TBEA
    JSHP Transformer
    Wujiang Transformer
    China XD Group
    Tianwei Group
    Dachi Electric
    Liye Power Transformer
    Luneng Mount.Tai Electric
    Qiantang River Electric
    AT&M
    Sanbian Sci-Tech
    Gaotune technologies

Key Questions Addressed in this Report
What is the 10-year outlook for the global Transformer Cores market?
What factors are driving Transformer Cores market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Transformer Cores market opportunities vary by end market size?
How does Transformer Cores break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?