Latest industry research report on Transformer Core Market. 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.
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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. 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.
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However, a raw material price fluctuation 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.
Market by Transformer Type
Market by Transformer Capacity
Market by Geography
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