Transformer Cores Market To Witness Lucrative Growth, Revenue To Surge To US$ 8,806.79 Mn By 2021

05-Sep-2018 | Zion Market Research

With the presence of a large pool of participants, the global transformer cores market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Schneider Electric, Toshiba, ABB, ALSTOM, and General Electric are some of the key vendors of transformer cores across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the transformer cores market study.

In a strategic move that can promote transformer cores market trends, on August 15th 2018, Xuyi Ouge Electronic Company Limited, a leading global transformer producer, added a new EE10 small inductor to its product portfolio. The company sources stated that the new product launch is aimed at providing high quality transformers to the overseas firms manufacturing electronic equipment.

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This review is based on a report by Zion Market Research, titled Transformer Cores Market (Distribution Transformer and Power Transformer) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021"- Report at http://www.zionmarketresearch.com/report/transformer-cores-market

As estimated in this report, the global transformer cores market stood at US$ 7,036.92 million in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this transformer cores market is expected to reach US$ 8,806.79 million by the end of the forecast period. The key types available in this transformer cores market are distribution transformer and power transformer. Among them, the demand for power transformer is relatively higher and the trend is anticipated to remain so over the next few years, notes the transformer cores market research report.

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Humungous Demand For Power Supply Across The Globe To Augment Market Growth

“Rise in demand for electricity as a result of growing its consumption is anticipated to steer the transformer cores market growth in the years to come,” says the author of this transformer cores market study. Apart from this, rapid increase in the number of transmission & distribution network ventures across the globe will further elevate the growth trajectory of transformer cores industry over the coming years. Large-scale expansion of grid networks witnessed in developing nations along with huge funding of grid innovation ventures is anticipated to drive the business space over the coming years.

Rapid Industrial And Economic Development To Leverage Regional Growth

Regionally, Asia Pacific has been leading the worldwide transformer cores market and is anticipated to continue on the dominant position in the years to come, states the transformer cores market study. The swift growth witnessed across industrial, economic, and social domains in countries such as India and China are the key factors behind the dominance of the Asia Pacific transformer cores market. The high number of market players being headquartered in Asia Pacific is another significant factor that is likely to influence the regional growth. For the record, Asia Pacific contributed nearly 37% towards global transformer cores market size during 2015 in terms of volume.

The global transformer cores market is segmented as follows:

By Product

  • Power Transformer
  • Distribution Transformer 

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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