Global Transformer Cores Market Growth 2023-2029

Global Transformer Cores Market Growth 2023-2029

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?

Please note: The report will take approximately 2 business days to prepare and deliver.