Transformer Core Market by Core (Closed, Shell, and Berry), Product (Distribution Transformer, Power Transformer, and Instrument Transformer), Winding (Two Winding, Auto-transformer), Cooling (Dry Type and Oil Immersed), Insulation (Gas, Oil, Solid, and Air), and Application (Residential & Commercial, Utility, and Industrial): Global Opportunity Analysis and Industry Forecast 2021–2030
The global transformer core market size was valued at $8.9 billion in 2020, and is projected to reach $13.5 billion by 2030, growing at a CAGR of 4.3% from 2020 to 2030.
Transformer core is a static device that transmits power from one source to another through electromagnetic induction. These are pieces of magnetic material with a high magnetic permeability, which are used to guide magnetic fields in transformers. These are built around a ring-shaped core, which, depending on operating frequency, is made from a long strip of silicon steel or permalloy wound into a coil, powdered iron, or ferrite. Transformer core provides a magnetic path to channel flux. The use of highly permeable material (which describes the material’s ability to carry flux) and better core construction techniques helps provide a desirable, low reluctance flux path, and confine lines of flux to the core. The core is constructed of numerous thin strips of grain-oriented silicone steel, called laminations, which are electrically isolated (yet still magnetically coupled) from each other by thin coatings of insulating material. Transformer core is important to reduce the no-load losses of the transformer. The core is a source of heat in the transformer, and as core increases in size, cooling ducts within the core becomes necessary. Problems arise due to fault in transformer core, which impacts the transformer. In addition, problems such as short-circuited core laminations will result in increased losses and possibly overheating of the transformer core.
The global transformer core market industry is segmented on the basis of core, product, winding, cooling, insulation, application, and region. Depending on core the market is categorized into closed, shell, and berry. By product, it is segmented into distribution transformer, power transformer, and instrument transformer. Depending on winding, it is divided into two winding and auto-transformer. As per cooling, it is bifurcated into dry type and self-cooled. By insulation, it is classified into gas, oil, solid, and air. According to application, it is fragmented into residential & commercial, utility, industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global transformer core market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Arteche, Corefficient S.R.L., Eilor Magnetic Cores, Foshan Juli Electromechanical Co., Ltd., KRYFS, Megger, Metglas, Inc., Nicore Magnetic Cores, Power Core Industries, and VilasTranscore Ltd..
KEY MARKET SEGMENTS
By Core
Closed
Shell
Berry
By Product
Distribution Transformer
Power Transformer
Instrument Transformer
By Winding
Two Winding
Auto-transformer
By Cooling
Dry Type
Self -cooled
By Insulation
Gas
Oil
Solid
Air
By Application
Residential & Commercial
Utility
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Arteche
Corefficient S.R.L.
Eilor Magnetic Cores
Foshan Juli Electromechanical Co., Ltd.
KRYFS, Megger
Metglas, Inc.
Nicore Magnetic Cores
Power Core Industries
VilasTranscore Ltd.
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