Transformer Core Market Developments by 2031
Transformer core comprises primary, secondary, or tertiary windings utilized in different grades, and are installed in transformers according to the transformer type and capacity. A low reluctance magnetic path known as the core of the transformer, common to all the windings, increases the overall efficiency of transformers. The efficiency of a transformer depends on the flux linkages between the core windings. The global transformer core market has witnessed considerable growth in the recent past, owing to rise in government investment in renewable power projects and rapid industrialization & urbanization.
MARKET SCOPE
The "Global Transformer core Market Analysis to 2031" is a specialized and in-depth study of the Transformer core market with a special focus on the global market trend analysis. The report aims to provide an overview of Transformer core market with detailed market segmentation by product, application, and geography. The global Transformer core market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Transformer core market players and offers key trends and opportunities in the Transformer core market.
MARKET SEGMENTATION
- The global Transformer core market is segmented on the basis of product, and application.
- On the basis of product, the market is segmented as distribution transformer, power transformer, instrument transformer.
- On the basis of application the market is segmented into residential, industrial, and utility.
MARKET DYNAMICS
Drivers:
- Increase in demand for electricity production across the globe.
- Rise in integration of renewable sources of energy.
- High consumption of copper wires.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Transformer core market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Transformer core market in these regions.
IMPACT OF COVID-19 ON TRANSFORMER CORE MARKET
COVID-19 has impacted various industries due to shut down of different industrial operations and disrupted supply chain. Maximum companies halted their operation due to less workforce. However, there is a gradual decline in the hardware industry which has high negative impact on transformer core due to COVID-19.
The electric industry accounted for significant share in terms of consumption of transformer core globally. The demand for electricity has increased due to the significant reductions in services and industry only partially offset by higher residential use, which, in turn, increases the demand for transformer core market.
According to the Organization for Economic Co-operation and Development (OECD), a surge in the price of crude oil began during the lockdown, due to extensive supply and less demand of crude oil, which increased the production of electricity. However, the demand for transformer is increased, which, in turn, increased the demand for transformer core market..
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Transformer core market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Transformer core market in these regions.
IMPACT OF COVID-19 ON TRANSFORMER CORE MARKET
COVID-19 has impacted various industries due to shut down of different industrial operations and disrupted supply chain. Maximum companies halted their operation due to less workforce. However, there is a gradual decline in the hardware industry which has high negative impact on transformer core due to COVID-19.
The electric industry accounted for significant share in terms of consumption of transformer core globally. The demand for electricity has increased due to the significant reductions in services and industry only partially offset by higher residential use, which, in turn, increases the demand for transformer core market.
According to the Organization for Economic Co-operation and Development (OECD), a surge in the price of crude oil began during the lockdown, due to extensive supply and less demand of crude oil, which increased the production of electricity. However, the demand for transformer is increased, which, in turn, increased the demand for transformer core market..
MARKET PLAYERS
The report covers key developments in the Transformer core market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Transformer core market market are anticipated to lucrative growth opportunities in the future with the rising demand for Transformer core market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Transformer core market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arteche
- Corefficient S.RL
- Eilor Magnetic Cores
- Foshan Juli Electromechanical Co, Ltd
- KRYFS,
- Megger
- Metglas, Inc
- Nicore Magnetic Cores
- Power Core Industries
- VilasTranscore Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Transformer Core Market - By Product
1.3.2 Transformer Core Market - By Application
1.3.3 Transformer Core Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TRANSFORMER CORE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TRANSFORMER CORE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TRANSFORMER CORE MARKET - GLOBAL MARKET ANALYSIS
6.1. TRANSFORMER CORE - GLOBAL MARKET OVERVIEW
6.2. TRANSFORMER CORE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. TRANSFORMER CORE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DISTRIBUTION TRANSFORMER
7.3.1. Overview
7.3.2. Distribution Transformer Market Forecast and Analysis
7.4. POWER TRANSFORME
7.4.1. Overview
7.4.2. Power Transforme Market Forecast and Analysis
7.5. INSTRUMENT
7.5.1. Overview
7.5.2. Instrument Market Forecast and Analysis
7.6. TRANSFORMER
7.6.1. Overview
7.6.2. Transformer Market Forecast and Analysis
8. TRANSFORMER CORE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. INDUSTRIAL
8.4.1. Overview
8.4.2. Industrial Market Forecast and Analysis
8.5. UTILITY
8.5.1. Overview
8.5.2. Utility Market Forecast and Analysis
9. TRANSFORMER CORE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Transformer Core Market Overview
9.1.2 North America Transformer Core Market Forecasts and Analysis
9.1.3 North America Transformer Core Market Forecasts and Analysis - By Product
9.1.4 North America Transformer Core Market Forecasts and Analysis - By Application
9.1.5 North America Transformer Core Market Forecasts and Analysis - By Countries
9.1.5.1 United States Transformer Core Market
9.1.5.1.1 United States Transformer Core Market by Product
9.1.5.1.2 United States Transformer Core Market by Application
9.1.5.2 Canada Transformer Core Market
9.1.5.2.1 Canada Transformer Core Market by Product
9.1.5.2.2 Canada Transformer Core Market by Application
9.1.5.3 Mexico Transformer Core Market
9.1.5.3.1 Mexico Transformer Core Market by Product
9.1.5.3.2 Mexico Transformer Core Market by Application
9.2. EUROPE
9.2.1 Europe Transformer Core Market Overview
9.2.2 Europe Transformer Core Market Forecasts and Analysis
9.2.3 Europe Transformer Core Market Forecasts and Analysis - By Product
9.2.4 Europe Transformer Core Market Forecasts and Analysis - By Application
9.2.5 Europe Transformer Core Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Transformer Core Market
9.2.5.1.1 Germany Transformer Core Market by Product
9.2.5.1.2 Germany Transformer Core Market by Application
9.2.5.2 France Transformer Core Market
9.2.5.2.1 France Transformer Core Market by Product
9.2.5.2.2 France Transformer Core Market by Application
9.2.5.3 Italy Transformer Core Market
9.2.5.3.1 Italy Transformer Core Market by Product
9.2.5.3.2 Italy Transformer Core Market by Application
9.2.5.4 United Kingdom Transformer Core Market
9.2.5.4.1 United Kingdom Transformer Core Market by Product
9.2.5.4.2 United Kingdom Transformer Core Market by Application
9.2.5.5 Russia Transformer Core Market
9.2.5.5.1 Russia Transformer Core Market by Product
9.2.5.5.2 Russia Transformer Core Market by Application
9.2.5.6 Rest of Europe Transformer Core Market
9.2.5.6.1 Rest of Europe Transformer Core Market by Product
9.2.5.6.2 Rest of Europe Transformer Core Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Transformer Core Market Overview
9.3.2 Asia-Pacific Transformer Core Market Forecasts and Analysis
9.3.3 Asia-Pacific Transformer Core Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Transformer Core Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Transformer Core Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Transformer Core Market
9.3.5.1.1 Australia Transformer Core Market by Product
9.3.5.1.2 Australia Transformer Core Market by Application
9.3.5.2 China Transformer Core Market
9.3.5.2.1 China Transformer Core Market by Product
9.3.5.2.2 China Transformer Core Market by Application
9.3.5.3 India Transformer Core Market
9.3.5.3.1 India Transformer Core Market by Product
9.3.5.3.2 India Transformer Core Market by Application
9.3.5.4 Japan Transformer Core Market
9.3.5.4.1 Japan Transformer Core Market by Product
9.3.5.4.2 Japan Transformer Core Market by Application
9.3.5.5 South Korea Transformer Core Market
9.3.5.5.1 South Korea Transformer Core Market by Product
9.3.5.5.2 South Korea Transformer Core Market by Application
9.3.5.6 Rest of Asia-Pacific Transformer Core Market
9.3.5.6.1 Rest of Asia-Pacific Transformer Core Market by Product
9.3.5.6.2 Rest of Asia-Pacific Transformer Core Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Transformer Core Market Overview
9.4.2 Middle East and Africa Transformer Core Market Forecasts and Analysis
9.4.3 Middle East and Africa Transformer Core Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Transformer Core Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Transformer Core Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Transformer Core Market
9.4.5.1.1 South Africa Transformer Core Market by Product
9.4.5.1.2 South Africa Transformer Core Market by Application
9.4.5.2 Saudi Arabia Transformer Core Market
9.4.5.2.1 Saudi Arabia Transformer Core Market by Product
9.4.5.2.2 Saudi Arabia Transformer Core Market by Application
9.4.5.3 U.A.E Transformer Core Market
9.4.5.3.1 U.A.E Transformer Core Market by Product
9.4.5.3.2 U.A.E Transformer Core Market by Application
9.4.5.4 Rest of Middle East and Africa Transformer Core Market
9.4.5.4.1 Rest of Middle East and Africa Transformer Core Market by Product
9.4.5.4.2 Rest of Middle East and Africa Transformer Core Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Transformer Core Market Overview
9.5.2 South and Central America Transformer Core Market Forecasts and Analysis
9.5.3 South and Central America Transformer Core Market Forecasts and Analysis - By Product
9.5.4 South and Central America Transformer Core Market Forecasts and Analysis - By Application
9.5.5 South and Central America Transformer Core Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Transformer Core Market
9.5.5.1.1 Brazil Transformer Core Market by Product
9.5.5.1.2 Brazil Transformer Core Market by Application
9.5.5.2 Argentina Transformer Core Market
9.5.5.2.1 Argentina Transformer Core Market by Product
9.5.5.2.2 Argentina Transformer Core Market by Application
9.5.5.3 Rest of South and Central America Transformer Core Market
9.5.5.3.1 Rest of South and Central America Transformer Core Market by Product
9.5.5.3.2 Rest of South and Central America Transformer Core Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TRANSFORMER CORE MARKET, KEY COMPANY PROFILES
11.1. ARTECHE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. COREFFICIENT S.RL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EILOR MAGNETIC CORES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FOSHAN JULI ELECTROMECHANICAL CO, LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KRYFS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MEGGER
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. METGLAS, INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NICORE MAGNETIC CORES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. POWER CORE INDUSTRIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VILASTRANSCORE LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Arteche
2.Corefficient S.RL
3.Eilor Magnetic Cores
4.Foshan Juli Electromechanical Co, Ltd
5.KRYFS
6.Megger
7.Metglas, Inc
8.Nicore Magnetic Cores
9.Power Core Industries
10.VilasTranscore Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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