The latest report by IMARC Group, titled “Transformer Core Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global transformer core market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.30% during 2023-2028.

A transformer core is a device that transmits power from one source to another via electromagnetic induction and comprises steel laminated, solid, and toroidal cores. It relies on primary, secondary, or tertiary windings utilized in different grades and is installed in transformers as per the type and capacity of transformers. It is manufactured from amorphous steel, solid iron cores, ferrite ceramics, laminated magnetic cores, carbonyl iron cores, and silicon steel. It offers high magnetic permeability, which is used to guide magnetic fields in transformers. As it enhances the overall efficiency of transformers, the demand for transformer core is rising across the globe.

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Transformer Core Market Trends and Drivers:

At present, the increasing utilization of renewable sources of energy to produce electricity represents one of the key factors supporting the growth of the market. In addition, the growing demand for transformation cores due to the rising expansion of power grids and power generation projects is positively influencing the market. Moreover, the increasing application of transformer cores to reduce the no-load losses of the transformer is offering lucrative growth opportunities to industry investors. Besides this, the growing employment of highly permeable material and enhanced core construction techniques to provide a desirable, low reluctance flux path, and confine lines of flux to the core is catalyzing the demand for transformer cores.

Report Segmentation:

The report has segmented the market into the following categories:

Core Insights:

• Shell
• Closed
• Berry

Product Insights:

• Power Transformer
• Distribution Transformer
• Instrument Transformer

Winding Insights:

• Two Winding
• Auto Transformer

Cooling Insights:

• Dry Type
• Self Cooled

Insulation Insights:

• Gas
• Oil
• Solid
• Air

Application Insights:

• Industrial
• Residential and Commercial
• Utility

Market Breakup by Region:

• 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

Competitive Landscape with Key Player:

• 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.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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