The market for transformer core has considerably increased in the recent past, due to increase in government investment in renewable power projects coupled with the rapid industrialization and urbanization. The world transformer core market is projected to reach $8,897 million by 2022, from 2015 value of $7,123 with a CAGR of 3.5% from 2016 to 2022. The transformer core market is driven by the increase in urbanization, transmission, and expansion of power projects to integrate renewable sources of energy such as wind power and hydro power. Challenges faced by this industry are rapid fluctuations in raw material prices involved in the manufacturing process coupled with the regulatory barrier.
The world transformer core market is segmented on the basis of type of transformer and geography. Based on the type of transformer, it is classified into power transformers, distribution transformers, and others. The power transformers segment dominated the world transformer core market in 2014, and is expected to maintain its lead throughout the forecast period. The distribution transformer segment is anticipated to grow at a significant CAGR of 3.5% over the forecast period. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific occupied more than half of the total revenue share in 2015, followed by Europe and North America.
Top players in the market invest huge capital in R&D activities to develop enhanced products to cater to the current demand. Major players in the transformer core market are
Mitsubishi Electric Corporation
Fuji Electric Co. Ltd.
Ferroxcube International Holding B.V.
The report provides an extensive analysis of the current trends and future estimations and opportunities in the world transformer core market.
The report necessitates the detailed qualitative and quantitative analysis of the market from 2014 to 2022, which assists in evaluating the prevailing market opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Market estimations and forecasts in this report are accessed by analyzing the factors affecting the growth of the market and future market potential from 2014 to 2022, in terms of value and volume.
Region- and country-specific analyses of market value and volume are based on primary as well as secondary sources and are comprehensively analyzed.
Competitive intelligence (of leading producers and suppliers of transformer core) helps in understanding the competitive scenario across the geographies.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides key insights on strategic analysis of various companies as well as the value chain for transformer cores.
Key market segments
By Transformer Type
Rest of Europe
Rest of APAC
Rest of LAMEA
1.1 Report Description
1.2 Key Market Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Snapshot
2.2 CXO Perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Investment Pockets
3.2.2 Top Winning Strategy
3.3 Porters Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitutes
3.3.5 Competitive Rivalry
3.4 Market Dynamics
220.127.116.11 Increasing Demand for Electricity Generation
18.104.22.168 Transmission and Expansion to Integrate Renewable Energy Resources
22.214.171.124 Rapid Urbanization
126.96.36.199 Volatile Prices of Raw Materials
188.8.131.52 Changing Regulatory Environment
184.108.40.206 New Power Generation and Distribution Projects
CHAPTER 4 WORLD TRANSFORMER CORE MARKET, BY TYPE OF TRANSFORMER
4.1.1 Market Size & Forecast
4.2 Power Transformers
4.2.1 Key Market Trends
4.2.2 Key Growth Factors and Opportunities
4.2.3 Market Size & Forecast
4.3 Distribution Transformers
4.3.1 Key Market Trends
4.3.2 Key Growth Factors and Opportunities
4.3.3 Market Size & Forecast
4.4 Others (Auto Transformers and Isolation Transformers)
4.4.1 Key Market Trends
4.4.2 Key Growth Factors and Opportunities
4.4.3 Market Size & Forecast
CHAPTER 5 WORLD TRANSFORMER CORE MARKET, BY GEOGRAPHY
5.2 North America
5.2.1 Market Size and Forecast
5.3.1 Market Size and Forecast
5.3.6 Rest of Europe
5.4.1 Market Size and Forecast
5.4.5 Rest of Asia-Pacific
5.5.1 Market Size and Forecast
5.5.4 Saudi Arabia
5.5.5 South Africa
5.5.6 Rest of LAMEA
CHAPTER 6 COMPANY PROFILES
6.1 ABB Ltd.
6.1.1 Company Overview
6.1.2 Company Snapshot
6.1.3 Operating Business Segments
6.1.4 Business Performance
6.1.5 Key Strategic Moves and Developments
6.2 SIEMENS AG
6.2.1 Company Overview
6.2.2 Company Snapshot
6.2.3 Operating Business Segments
6.2.4 Business Performance
6.2.5 Key Strategic Moves and Developments
6.3 Toshiba Corporation
6.3.1 Company Overview
6.3.2 Company Snapshot
6.3.3 Operating Business Segments
6.3.4 Business Performance
6.3.5 Key Strategic Moves and Developments
6.4 Mitsubishi Electric Corporation
6.4.1 Company Overview
6.4.2 Company Snapshot
6.4.3 Operating Business Segments
6.4.4 Business Performance
6.4.5 Key Strategic Moves and Developments
6.5 Hitachi Ltd.
6.5.1 Company Overview
6.5.2 Company Snapshot
6.5.3 Operating Business Segments
6.5.4 Business Performance
6.5.5 Key Strategic Moves and Developments
6.6 Fuji Electric Co. Ltd.
6.6.1 Company Overview
6.6.2 Company Snapshot
6.6.3 Operating Business Segments
6.6.4 Business Performance
6.7 Crompton Greaves
6.7.1 Company Overview
6.7.2 Company Snapshot
6.7.3 Operating Business Segments
6.7.4 Business Performance
6.7.5 Key Strategic Moves and Developments
6.8 Ferroxcube International Holding B.V.
6.8.1 Company Overview
6.8.2 Company Snapshot
6.8.3 Operating Business Segments
The market for transformer core is on a continuous rise due to increase in government investment in renewable power projects as well as the rapid industrialization and urbanization. Major drivers of the market are rising demand for electricity from various industries, increasing demand for transmission, and expansion of power projects to integrate renewable energy resources along with rapid urbanization globally. However, price fluctuations in electrical steel and ferrite could hamper the growth of the market.
In the year 2015, the power transformer segment occupied around half of the overall transformer core market, and is expected to maintain its lead. This is due to the large quantity of electrical steel used for manufacturing power transformers to carry heavy loads at power stations.
Key Findings of Transformer Core Market
Power transformer is anticipated to grow the fastest rate during the analysis period.
Global transformer core market is projected to be 2,536 kilo tons in 2016.
Asia-Pacific is estimated to continue to lead the market, growing at a CAGR of 6.0%, in terms of volume.
China occupied more than half of the total share in the Asia-Pacific transformer core market in 2015.
India is estimated to grow at the highest CAGR of 7.5%, in terms of revenue.
Asia-Pacific and LAMEA collectively accounted for approximately 60% revenue share of the market in 2015, and are expected to maintain this trend throughout the forecast period. This is due to the rise in infrastructural and industrial development, especially in China, India, and other developing economies. The growth of the world transformer core market is expected to be driven by the increase in demand for electricity generation, especially in the Asia-Pacific and LAMEA regions.
Key players in the world transformer core market are concentrating on acquiring local players to strengthen their market reach as well as to expanding their customer base. Major companies profiled in the report include ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Crompton Greaves, Toshiba Corporation, Hitachi, Ltd., Fuji Electric Co. Ltd., and Ferroxcube International Holding B.V
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.