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(CityRegions.Com, September 06, 2017 ) Description:
Global Transformer Core Market is accounted for $7139 million in 2016 and expected to grow at a CAGR of 4.2% to reach $9533 billion by 2023. The market is driven by increase in government investment in renewable power projects, rapid urbanization and industrialization in emerging countries and rising demand for electricity from various industries. On the other hand, price fluctuations in electrical steel & ferrite and changing regulatory environment for manufacturers are inhibiting the market growth.
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Power transformer type dominated the market share due to increasing development of power grids and power generation projects worldwide. Asia Pacific is expected to dominate the market throughout the forecast period due to the rise in infrastructural and industrial development, in China, India, and other developing economies. China captured more than half of the total share in the Asia-Pacific transformer core market. Latin America is anticipated to gain an investment to furnish the rising demand for electricity. Europe will show substantial growth on account of ongoing aging infrastructure replacement activities in the region.
The key players in Global Transformer Core Market are ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Crompton Greaves, Toshiba Corporation, Hitachi, Ltd., Fuji Electric Co. Ltd. and Ferroxcube International Holding B.V.
Types Covered:
Distribution Transformers
Power Transformers
Other Types
Isolation Transformers
Auto Transformers
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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Source: EmailWire.Com 
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