Press Resease

Transformer Cores Market by Type (Distribution Transformer and Power Transformer) Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026.

Published Date: 15-Nov-2016 Category: Technology & Media Report Format : PDF Pages: 122 Report Code: ZMR-361 Status : Published

Global transformer cores market accounted for USD 8,172.2 Million in 2019 and is expected to reach USD 10,617.3 Million by 2026, growing at a CAGR of around 3.81% between 2019 and 2026.

Description

The report covers forecast and analysis for the transformer cores market on a global and regional level. The study gives historic data of 2016, 2017, 2018, considering 2019 as the base period, and forecast for period 2020 to 2026 based on revenue (USD Million) and volume (Thousand Units). This study includes restraints and drivers for the transformer cores market and the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the transformer cores market on a global level.

In order to offer the users of this report an inclusive view on the transformer cores market, we have added a thorough Porter’s five forces model for the transformer cores market. The study encompasses a market attractiveness analysis, where type segments are benchmarked based on their growth rate, general attractiveness, and market size.

The study gives a crucial view on the transformer cores market by classifying the market based on product and region. The types covered in the study include power transformer and distribution transformer. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

The global transformer cores market is segmented as follows:

Global Transformer Cores Market: Product Segment Analysis

  • Power Transformer
  • Distribution Transformer 

Global Transformer Cores Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1 Preface
    • 1.1 Report description
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market research process
      • 1.3.2 Market research methodology
  • Chapter 2 Executive Summary
    • 2.1 Global transformer cores market , 2015 - 2021 (Thousand Units) (USD Million)
    • 2.2 Global Transformer Cores market : Snapshot
  • Chapter 3 Transformer Cores – Market Dynamics
    • 3.1 Introduction
      • 3.1.1 Classification of transformer cores
    • 3.2 Market Drivers
      • 3.2.1 Transmission and distribution network expansion
      • 3.2.2 Increasing demand for electricity generation
      • 3.2.3 Rapid industrialization and urbanization
    • 3.3 Restraints
      • 3.3.1 Price fluctuations in electrical steel and ferrite
    • 3.4 Opportunities
      • 3.4.1 New power generation and distribution projects
      • 3.4.2 Green Initiatives
    • 3.5 Porter’s five forces analysis
    • 3.6 Transformer Cores: Market Attractiveness Analysis
      • 3.6.1 Market attractiveness analysis by type segment
      • 3.6.2 Market attractiveness analysis by regional segment
  • Chapter 4 Competitive Landscape
    • 4.1 Company Market Share Analysis
      • 4.1.1 Global transformer cores market : company market share, 2015
    • 4.2 Strategic Development
      • 4.2.1 New Product Launch
      • 4.2.2 Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.3 Research and Development, Product and Regional Expansion
    • 4.3 Patent Analysis (2011-2016)
      • 4.3.1 Patent Trend
      • 4.3.2 Patent Share by company
      • 4.3.3 By Region
  • Chapter 5 Transformer Cores Market – Type Segment Analysis
    • 5.1 Global transformer cores market overview: by type
      • 5.1.1 Global transformer cores market volume share, by type, 2015 & 2021
    • 5.2 Power Transformer
      • 5.2.1 Global power transformer market, 2015 – 2021 (Thousand Units) (USD Million)
    • 5.3 Distribution Transformer
      • 5.3.1 Global distribution transformer market, 2015 – 2021 (Thousand Units) (USD Million)
  • Chapter 6 Transformer Cores Market – Regional Analysis
    • 6.1 Global Transformer Cores Market : Regional Overview
      • 6.1.1 Global transformer cores market volume share, by region, 2015 & 2021
    • 6.2 North America
      • 6.2.1 North America transformer cores market, 2015 - 2021 (Thousand Units) (USD Million)
      • 6.2.2 North America transformer cores market revenue, by type, 2015 – 2021 (USD Million)
      • 6.2.3 North America transformer cores market volume, by type, 2015 – 2021(Thousand Units)
    • 6.3 Europe
      • 6.3.1 Europe transformer cores market, 2015 - 2021 (Thousand Units) (USD Million)
      • 6.3.2 Europe transformer cores market revenue, by type, 2015 – 2021 (USD Million)
      • 6.3.3 Europe transformer cores market volume, by type, 2015 – 2021 (Thousand Units)
    • 6.4 Asia Pacific
      • 6.4.1 Asia Pacific transformer cores market, 2015 - 2021 (Thousand Units) (USD Million)
      • 6.4.2 Asia Pacific transformer cores market revenue, by type, 2015 – 2021 (USD Million)
      • 6.4.3 Asia Pacific transformer cores market volume, by type, 2015 – 2021 (Thousand Units)
    • 6.5 Latin America
      • 6.5.1 Latin America transformer cores market, 2015 - 2021 (Thousand Units) (USD Million)
      • 6.5.2 Latin America transformer cores market revenue, by type, 2015 – 2021 (USD Million)
      • 6.5.3 Latin America transformer cores market volume, by type, 2015 – 2021 (Thousand Units)
    • 6.6 Middle East & Africa
      • 6.6.1 Middle East & Africa transformer cores market, 2015 - 2021 (Thousand Units) (USD Million)
      • 6.6.2 Middle East & Africa transformer cores market revenue, by type, 2015 – 2021 (USD Million)
      • 6.6.3 Middle East & Africa transformer cores market volume, by type, 2015 – 2021 (Thousand Units)
  • Chapter 7 Company Profiles
    • 7.1 ABB Ltd.
      • 7.1.1 Overview
      • 7.1.2 Financials
      • 7.1.3 Product Portfolio
      • 7.1.4 Business Strategy
      • 7.1.5 Recent Developments
    • 7.2 Siemens AG
      • 7.2.1 Overview
      • 7.2.2 Financials
      • 7.2.3 Product Portfolio
      • 7.2.4 Business Strategy
      • 7.2.5 Recent Developments
    • 7.3 Mitsubishi Electric Corporation
      • 7.3.1 Overview
      • 7.3.2 Financials
      • 7.3.3 Product portfolio
      • 7.3.4 Business Strategy
    • 7.4 Hyosung
      • 7.4.1 Overview
      • 7.4.2 Financials
      • 7.4.3 Product portfolio
      • 7.4.4 Business Strategy
    • 7.5 Crompton Greaves Ltd.
      • 7.5.1 Overview
      • 7.5.2 Financials
      • 7.5.3 Product portfolio
      • 7.5.4 Business Strategy
      • 7.5.5 Recent Development
    • 7.6 Toshiba Corporation
      • 7.6.1 Overview
      • 7.6.2 Financials
      • 7.6.3 Product portfolio
      • 7.6.4 Business Strategy
      • 7.6.5 Recent Development
    • 7.7 Leicong Industrial Co., Ltd
      • 7.7.1 Company Overview
      • 7.7.2 Product Portfolio
      • 7.7.3 Business Strategy
    • 7.8 Fuji Electric Co. Ltd.
      • 7.8.1 Company Overview
      • 7.8.2 Financials
      • 7.8.3 Business Strategy
      • 7.8.4 Recent Developments
    • 7.9 Ferroxcube
      • 7.9.1 Company Overview
      • 7.9.2 Product Portfolio
      • 7.9.3 Business Strategy
    • 7.10 Hitachi
      • 7.10.1 Company Overview
      • 7.10.2 Financials
      • 7.10.3 Product Portfolio
      • 7.10.4 Business Strategy
      • 7.10.5 Recent Developments
    • 7.11 Poscore Co., Ltd.
      • 7.11.1 Overview
      • 7.11.2 Product Portfolio
    • 7.12 JSHP Transformer
      • 7.12.1 Overview
      • 7.12.2 Financial overview
      • 7.12.3 Product Portfolio
      • 7.12.4 Business Strategy
      • 7.12.5 Recent Developments
  • Chapter 8 Patents
    • 8.1 U.S. (US Patents)
    • 8.2 Europe (EP documents)
    • 8.3 Japan (Abstracts of Japan)
    • 8.4 Global (WIPO (PCT))

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Transformer Cores market. Zion Research has collected and analyzed key data belong to the global Transformer Cores market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Transformer Cores across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Transformer Cores industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Transformer Cores market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The magnetic core is an essential component in transformers. These cores are typically some form of steel or iron and serve as a pathway for magnetic flux. There are many types of magnetic cores that are well suited for various purposes. Different types of transformer cores include solid iron/steel core, laminated silicon steel core and amorphous steel cores. The electrical power transformer has primary, secondary and may be tertiary windings. The performance of a transformer mostly depends on the flux linkages among these windings. For efficient flux linking among these windings, one low reluctance magnetic path common to all windings is provided in the transformer. This low reluctance magnetic path is referred as the core of the transformer.

Increasing expansion activities in transmission and distribution network projects is expected to drive the global transformers market. This will, in turn, propel the demand for transformers core in the years to come. Transformer core market has witnessed substantial growth in the recent past on account of escalating government investment in renewable power projects and rapid urbanization and industrialization. However, pricing pressures on transformer manufacturers coupled with an increase in raw material costs may curtail the growth of the market in the foreseeable future.

Transformer cores are used in power transformers and distribution transformers. In 2015, power transformer cores dominated the global market over 50% share of the total market. Increasing expansion of power grids and power generation projects worldwide are fueling the total number of power transformers.

Asia Pacific is predicted to prevail over other regions owing to industrial, economic and social development in emerging countries such as India and China. Replacement of aging power infrastructure in Europe and North America is further anticipated to surge the demand for transformer cores in these regions. Furthermore, several initiatives undertaken by European nations to install green transformers are also expected to stimulate the transformer core market in near future.

ABB is one of the prominent players in transformer core industry and energy efficiency is a keystone of ABB strategy and has been a key driver of research and development in ABB’s transformer business for many years. Other key players in the transformer and transformer core industry include Siemens AG, ALSTOM, Jiangsu Huapeng Transformer, Schneider Electric, General Electric and Toshiba among others.

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