Transformer core is made up of high perm material with negligible gap generally GOES (Grain Oriented Electrical Steel) wherein the transfer of energy is kept constant from an AC source, by coupling the lines of flux between the secondary and primary windings. Transformer core materials are usually strip wounded products, ferrites or powder cores. Steel laminated transformer cores have high levels of permeability, since the permeable core materials reduces the magnitude of magnetizing current, making it feasible for transmitting voltages at audio frequency level. Moreover, incorporation of several steel laminations along with the presence of a non-conducting material between these laminated layers in turn reduces the eddy currents and magnetizing effects. Various types of steel laminated transformer cores are E shape core, C shape core, I shape core etc.
Currently, the world transformer core market is witnessing vivid opportunities due to rising urbanization especially in the developing economies across the globe. Moreover, rising demand for power generation and transmission due to increase in industrialization is another key factor fueling the growth of the overall market.
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Also, integration of renewable sources of energy requires abundant power generation which in turn is rising the overall demand for transformer cores in the global market. Moreover, advancements in technology and demand for transformer cores due to new capacity additions in nuclear and thermal power plants is another major factor driving the growth of the world transformer core market. However, raw material price fluctuations is a major factor hampering the growth of the market along with high initial costs required for the manufacture of transformers. Also, maintenance and aging costs and compliance with quality, specifications and testing are some major factors hindering the growth of the market.
The report segments the world transformer core market on the basis of transformer type, transformer capacity and geography. On the basis of transformer type, the market is segmented into power transformer and distribution transformer. Considering, transformer capacity, the market is segmented into 50kVA 500kVA, 500kVA 5MVA, 5MVA 40MVA and > 40MVA. Geographically, the world transformer core market is segmented into North America, Europe, Asia-Pacific and LAMEA.
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Major players in the world transformer core market are focusing on strategic expansion of production capacities due to rising demand for transformer cores from power industry followed by new product developments. Some of the major companies profiled in this report are ABB Ltd., Siemens, Mitsubishi Electric, Hyosung, Crompton Greaves, Toshiba, Alstom, Hitachi, Fuji Electric and Ferroxcube.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the world transformer core market.
- Geographically, the market is segmented into key regions including North America, Europe, Asia-Pacific and LAMEA.
- Comprehensive analysis of factors that drive and restrict the growth of the world transformer core market is provided.
- Market estimations and forecast 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
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
- The report furnishes key insights on strategic analysis of various companies as well as the value chain for transformer cores.
TRANSFORMER CORE MARKET KEY SEGMENTS:
Market by Transformer Type
- Power Transformer
- Distribution Transformer
Market by Transformer Capacity
- 50kVA 500kVA
- 500kVA 5MVA
- 5MVA 40MVA
- 40MVA and above
Market by Geography
- North America
- Asia Pacific
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