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Transformer Core Market by Core, Product, Winding, Cooling, Insulation, Application, and Region 2023-2028

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    Report

  • 148 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5742957
The global transformer core market size reached US$ 8.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 11.3 Billion by 2028, exhibiting a CAGR of 4.06% during 2022-2028. The increasing adoption of renewable energy sources, rising environmental concerns and energy security, and extensive research and development (R&D) activities represent some of the key factors driving the market.

A transformer core refers to a static device that transmits power through electromagnetic induction from one source to another. It is made of thin laminations of cold-rolled grain-oriented silicon steel and comprises primary, secondary, or tertiary metallic windings, which are used in different grades. It helps in transferring magnetic flux in the primary winding to the secondary winding effectively. It provides mechanical support to the windings and a low reluctance closed ferromagnetic path to the magnetic flux and reduces the losses due to flux leakage. At present, the rising adoption of energy storage technologies, such as batteries and pumped hydro, is catalyzing the demand for transformer core that can efficiently transmit power across the globe.

Transformer Core Market Trends:

The surging electricity consumption represents one of the major factors driving the demand for transformer cores to minimize the instances of power failures around the world. Moreover, the rising adoption of renewable energy sources, such as wind and solar, is bolstering the growth of the market. In addition, rapid urbanization, increasing global population, and the growing investments in the development of smart cities are influencing the application positively of transformer cores in residential, commercial, and industrial areas. Apart from this, due to rising environmental concerns and energy security, governments of numerous countries are imposing stringent policies to reduce greenhouse gas emissions and improve energy efficiency. This, coupled with the advent of distribution automation technologies that enable real time monitoring and control of power distribution systems, is contributing to the market growth. Besides this, the growing demand for electric vehicles (EVs) and the increasing number of EV charging stations are catalyzing the need for transformer cores worldwide. The rising demand for luxury cruise ships or cargo ships and the expanding trade activities is strengthening the growth of the market. Additionally, transformer cores are employed in the telecommunication industry to allow efficient transmission and processing of signals. Key players are extensively financing research and development (R&D) activities by developing advanced transformer cores. They are also incorporating sensors and control systems and high temperature superconducting materials to optimize performance, increase efficiency, and reduce losses.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the global transformer core market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on core, product, winding, cooling, insulation, and application.

Core Insights:

  • Shell
  • Closed
  • Berry


The report has provided a detailed breakup and analysis of the transformer core market based on the core. This includes shell, closed, and berry. According to the report, shell represented the largest segment.

Product Insights:

  • Power Transformer
  • Distribution Transformer
  • Instrument Transformer


A detailed breakup and analysis of the transformer core market based on the product has also been provided in the report. This includes power transformer, distribution transformer, and instrument transformer. According to the report, power transformer accounted for the largest market share.

Winding Insights:

  • Two Winding
  • Auto Transformer


The report has provided a detailed breakup and analysis of the transformer core market based on the winding. This includes two winding and auto transformer. According to the report, auto transformer represented the largest segment.

Cooling Insights:

  • Dry Type
  • Self Cooled


A detailed breakup and analysis of the transformer core market based on the cooling has also been provided in the report. This includes dry type and self cooled. According to the report, dry type accounted for the largest market share.

Insulation Insights:

  • Gas
  • Oil
  • Solid
  • Air


The report has provided a detailed breakup and analysis of the transformer core market based on the insulation. This includes gas, oil, solid, and air. According to the report, gas represented the largest segment.

Application Insights:

  • Industrial
  • Residential and Commercial
  • Utility


A detailed breakup and analysis of the transformer core market based on the application has also been provided in the report. This includes industrial, residential and commercial, and utility. According to the report, industrial accounted for the largest market share.

Regional Insights:

  • North America

United States
Canada


Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa


The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for transformer core. Some of the factors driving the Asia Pacific transformer core market included surging electricity consumption, stringent regulations by government, extensive research and development (R&D) activities, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global transformer core market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered Arteche, Corefficient S de RL de CV, Eilor Magnetic Cores, Ferroxcube International Holding B.V. (Yageo Group), Fuji Electric Co. Ltd., KRYFS Power Components Ltd., Metglas Inc. (Hitachi Metals Ltd.), Nicore Magnetic Cores, Powercore Industries India Private Limited, Vilas Transcore Ltd. etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global transformer core market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global transformer core market?
  • What is the impact of each driver, restraint, and opportunity on the global transformer core market?
  • What are the key regional markets?
  • Which countries represent the most attractive transformer core markets?
  • What is the breakup of the market based on the core?
  • Which is the most attractive core in the transformer core market?
  • What is the breakup of the market based on the product?
  • Which is the most attractive product in the transformer core market?
  • What is the breakup of the market based on the winding?
  • Which is the most attractive winding in the transformer core market?
  • What is the breakup of the market based on the cooling?
  • Which is the most attractive cooling in the transformer core market?
  • What is the breakup of the market based on the insulation?
  • Which is the most attractive insulation in the transformer core market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the transformer core market?
  • What is the competitive structure of the global transformer core market?
  • Who are the key players/companies in the global transformer core market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Transformer Core Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Core
6.1 Shell
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Closed
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Berry
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Product
7.1 Power Transformer
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Distribution Transformer
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Instrument Transformer
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Winding
8.1 Two Winding
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Auto Transformer
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Cooling
9.1 Dry Type
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Self Cooled
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Insulation
10.1 Gas
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Oil
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Solid
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Air
10.4.1 Market Trends
10.4.2 Market Forecast

11 Market Breakup by Application
11.1 Industrial
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Residential and Commercial
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Utility
11.3.1 Market Trends
11.3.2 Market Forecast

12 Market Breakup by Region
12.1 North America
12.1.1 United States
12.1.1.1 Market Trends
12.1.1.2 Market Forecast
12.1.2 Canada
12.1.2.1 Market Trends
12.1.2.2 Market Forecast
12.2 Asia-Pacific
12.2.1 China
12.2.1.1 Market Trends
12.2.1.2 Market Forecast
12.2.2 Japan
12.2.2.1 Market Trends
12.2.2.2 Market Forecast
12.2.3 India
12.2.3.1 Market Trends
12.2.3.2 Market Forecast
12.2.4 South Korea
12.2.4.1 Market Trends
12.2.4.2 Market Forecast
12.2.5 Australia
12.2.5.1 Market Trends
12.2.5.2 Market Forecast
12.2.6 Indonesia
12.2.6.1 Market Trends
12.2.6.2 Market Forecast
12.2.7 Others
12.2.7.1 Market Trends
12.2.7.2 Market Forecast
12.3 Europe
12.3.1 Germany
12.3.1.1 Market Trends
12.3.1.2 Market Forecast
12.3.2 France
12.3.2.1 Market Trends
12.3.2.2 Market Forecast
12.3.3 United Kingdom
12.3.3.1 Market Trends
12.3.3.2 Market Forecast
12.3.4 Italy
12.3.4.1 Market Trends
12.3.4.2 Market Forecast
12.3.5 Spain
12.3.5.1 Market Trends
12.3.5.2 Market Forecast
12.3.6 Russia
12.3.6.1 Market Trends
12.3.6.2 Market Forecast
12.3.7 Others
12.3.7.1 Market Trends
12.3.7.2 Market Forecast
12.4 Latin America
12.4.1 Brazil
12.4.1.1 Market Trends
12.4.1.2 Market Forecast
12.4.2 Mexico
12.4.2.1 Market Trends
12.4.2.2 Market Forecast
12.4.3 Others
12.4.3.1 Market Trends
12.4.3.2 Market Forecast
12.5 Middle East and Africa
12.5.1 Market Trends
12.5.2 Market Breakup by Country
12.5.3 Market Forecast

13 Drivers, Restraints, and Opportunities
13.1 Overview
13.2 Drivers
13.3 Restraints
13.4 Opportunities

14 Value Chain Analysis

15 Porters Five Forces Analysis
15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes

16 Price Analysis

17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 Arteche
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.2 Corefficient S de RL de CV
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.3 Eilor Magnetic Cores
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.4 Ferroxcube International Holding B.V. (Yageo Group)
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.5 Fuji Electric Co. Ltd.
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Financials
17.3.5.4 SWOT Analysis
17.3.6 KRYFS Power Components Ltd.
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.7 Metglas Inc. (Hitachi Metals Ltd.)
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.8 Nicore Magnetic Cores
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.9 Powercore Industries India Private Limited
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.10 Vilas Transcore Ltd.
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
  • Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

List of Figures
Figure 1: Global: Transformer Core Market: Major Drivers and Challenges
Figure 2: Global: Transformer Core Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Transformer Core Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Transformer Core Market: Breakup by Core (in %), 2022
Figure 5: Global: Transformer Core Market: Breakup by Product (in %), 2022
Figure 6: Global: Transformer Core Market: Breakup by Winding (in %), 2022
Figure 7: Global: Transformer Core Market: Breakup by Cooling (in %), 2022
Figure 8: Global: Transformer Core Market: Breakup by Insulation (in %), 2022
Figure 9: Global: Transformer Core Market: Breakup by Application (in %), 2022
Figure 10: Global: Transformer Core Market: Breakup by Region (in %), 2022
Figure 11: Global: Transformer Core (Shell) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Transformer Core (Shell) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Transformer Core (Closed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Transformer Core (Closed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Transformer Core (Berry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Transformer Core (Berry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Transformer Core (Power Transformer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Transformer Core (Power Transformer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Transformer Core (Distribution Transformer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Transformer Core (Distribution Transformer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Transformer Core (Instrument Transformer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Transformer Core (Instrument Transformer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Transformer Core (Two Winding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Transformer Core (Two Winding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Transformer Core (Auto Transformer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Transformer Core (Auto Transformer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Transformer Core (Dry Type) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Transformer Core (Dry Type) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Transformer Core (Self Cooled) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Transformer Core (Self Cooled) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Transformer Core (Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Transformer Core (Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Transformer Core (Oil) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Transformer Core (Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Transformer Core (Solid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Transformer Core (Solid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Transformer Core (Air) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Transformer Core (Air) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Transformer Core (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Transformer Core (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Transformer Core (Residential and Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Transformer Core (Residential and Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Transformer Core (Utility) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Transformer Core (Utility) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: North America: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: North America: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: United States: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: United States: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Canada: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Canada: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Asia-Pacific: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Asia-Pacific: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: China: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: China: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Japan: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Japan: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: India: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: India: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: South Korea: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: South Korea: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Australia: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Australia: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Indonesia: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Indonesia: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Europe: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Europe: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Germany: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Germany: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: France: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: France: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: United Kingdom: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: United Kingdom: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Italy: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Italy: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Spain: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Spain: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Russia: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Russia: Transforme Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Latin America: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Latin America: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Brazil: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Brazil: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Mexico: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Mexico: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Others: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Others: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Middle East and Africa: Transformer Core Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Middle East and Africa: Transformer Core Market: Breakup by Country (in %), 2022
Figure 93: Middle East and Africa: Transformer Core Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Global: Transformer Core Industry: Drivers, Restraints, and Opportunities
Figure 95: Global: Transformer Core Industry: Value Chain Analysis
Figure 96: Global: Transformer Core Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Transformer Core Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Transformer Core Market Forecast: Breakup by Core (in Million US$), 2023-2028
Table 3: Global: Transformer Core Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Transformer Core Market Forecast: Breakup by Winding (in Million US$), 2023-2028
Table 5: Global: Transformer Core Market Forecast: Breakup by Cooling (in Million US$), 2023-2028
Table 6: Global: Transformer Core Market Forecast: Breakup by Insulation (in Million US$), 2023-2028
Table 7: Global: Transformer Core Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 8: Global: Transformer Core Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Transformer Core Market: Competitive Structure
Table 10: Global: Transformer Core Market: Key Players

Companies Mentioned

  • Arteche
  • Corefficient S de RL de CV
  • Eilor Magnetic Cores
  • Ferroxcube International Holding B.V. (Yageo Group)
  • Fuji Electric Co. Ltd.
  • KRYFS Power Components Ltd.
  • Metglas Inc. (Hitachi Metals Ltd.)
  • Nicore Magnetic Cores
  • Powercore Industries India Private Limited
  • Vilas Transcore Ltd.

Methodology

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Table Information