Transformer Core Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Global Transformer 
Core Market Research 
and Forecast Report 
2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
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chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Acco r d ing  t o  t h e  l a t es t  r epo r t  b y  I M AR C G r oup ,  t i t l ed  " Tr ans f orme r  Co re  M ark e t :  
G l o ba l  I ndu st ry  T re nds ,  Sh are ,  S i ze ,  G row t h ,  O pp or t u n i t y  an d  Fo recas t  20 24 -
2032 , "  t he  g loba l  t r a ns f o r m er  co r e  m a r ke t  s i ze  r eac hed  US$  9 . 3  B i l l i on  i n  2023 .
A  t r ans f o r m er  co r e  i s  a  dev i c e  t ha t  u t i l i zes  e l ec t r om agn e t i c  i nd uc t i on  t o  t r ansm i t  
powe r  f r om  o ne  so u r ce  t o  a no t h e r .  I t  i s  m anu f ac t u r ed  u s ing  t h in  l am i na t i on s  o f  co ld -
Report r o l l ed  g r a in - o r i en t e d  s i l i c on  s t ee l  and  co n t a ins  p r im ar y ,  seco nda r y ,  o r  t e r t i a r y  
m e t a l l i c  w ind ings ,  ea ch  w i t h  d i f f e r e n t  r a t i ngs .  
Highlight and I t s  f un c t i on  i s  t o  p r ov id e  s uppo r t  t o  t he  w ind ing s  a nd  c r ea t e  a  c lose d  f e r r om agne t i c  
pa t h  w i t h  l ow  r e luc t a nce  t o  t h e  m agne t i c  f l u x ,  wh ich  he lps  t o  m in im ize  l oss es  
cau sed  b y  f l ux  l ea kage .  I t s  e f f i c i enc y  a nd  r e l i ab i l i t y  a r e  essen t i a l  f o r  t he  sm o o t h  
Description f unc t i on in g  o f  t hese  s ys t em s .  I t  i s  a va i l ab le  i n  d i f f e r en t  sh apes  an d  s i z es ,  
depe nd ing  o n  t he  ap p l i ca t i o n  and  po wer  r a t i ng  o f  t h e  t r ans f o r m er .  I t  i s  used  i n  a  
w ide  r ange  o f  app l i ca t i on s ,  f r o m  po wer  ge ne r a t i on  an d  t r an sm is s ion  t o  s m a l l  
e lec t r on i c  dev i c es .
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Report Description
G l o b a l  T r a n s f o r m e r  C o r e  M a r k e t  T r e n d s :
T h e  i n c r e a s i n g  n e e d  f o r  e l e c t r i c i t y  i s  d r i v i n g  t h e  g l o b a l  m a r k e t .  C o u p l e d  w i t h  t h i s ,  t h e  i n c r e a s i n g  a d o p t i o n  o f  r e n e w a b l e  e n e r g y  s o u r c e s ,  s u c h  
a s  w i n d  a n d  s o l a r  p o w e r  i s  a l s o  c o n t r i b u t i n g  t o  t h e  m a r k e t .  I n  l i n e  w i t h  t h i s ,  t h e  r i s i n g  g o v e r n m e n t  p o l i c i e s  m a n d a t i n g  t h e  u s e  o f  e n e r g y -
e f f i c i e n t  p r o d u c t s  a n d  t h e  a d o p t i o n  o f  r e n e w a b l e  e n e r g y  s o u r c e s  a r e  c r e a t i n g  a  p o s i t i v e  m a r k e t  o u t l o o k .  A l o n g  w i t h  t h i s ,  t h e  a d v e n t  o f  
d i s t r i b u t i o n  a u t o m a t i o n  t e c h n o l o g i e s  t h a t  e n a b l e  r e a l - t i m e  m o n i t o r i n g  a n d  c o n t r o l  o f  p o w e r  d i s t r i b u t i o n  s y s t e m s  i s  c a t a l y z i n g  t h e  m a r k e t .  
M o r e o v e r ,  t h e  r i s i n g  d e m a n d  f o r  s m a r t  g r i d s  a n d  t h e  n e e d  f o r  m o d e r n i z i n g  e x i s t i n g  p o w e r  i n f r a s t r u c t u r e  a r e  f u e l l i n g  t h e  d e m a n d  f o r  t r a n s f o r m e r  
c o r e s .  B e s i d e s ,  c o n t i n u a l  t e c h n o l o g i c a l  d e v e l o p m e n t s  i n  a d v a n c e d  t r a n s f o r m e r  c o r e  m a t e r i a l s ,  i n c l u d i n g  a m o r p h o u s  m e t a l  a n d  n a n o c r y s t a l l i n e  
a l l o y s ,  w h i c h  o f f e r  i m p r o v e d  e f f i c i e n c y  a n d  r e d u c e d  e n e r g y  l o s s e s ,  a r e  p r o v i d i n g  a  b o o s t  t o  t h e  m a r k e t .  A d d i t i o n a l l y ,  s e v e r a l  l e a d i n g  p l a y e r s  
a r e  h e a v i l y  i n v e s t i n g  i n  e x t e n s i v e  r e s e a r c h  a n d  d e v e l o p m e n t  a c t i v i t i e s  f o r  i n c o r p o r a t i n g  s e n s o r s  a n d  c o n t r o l  s y s t e m s  a n d  h i g h - t e m p e r a t u r e  
s u p e r c o n d u c t i n g  m a t e r i a l s  t o  o p t i m i z e  p e r f o r m a n c e ,  i n c r e a s e  e f f i c i e n c y ,  a n d  r e d u c e  l o s s e s ,  t h u s  p r o p e l l i n g  t h e  d e m a n d .  A p a r t  f r o m  t h i s ,  t h e  
g r o w i n g  n e e d  f o r  e l e c t r i c  v e h i c l e s  ( E V s )  a n d  t h e  i n c r e a s i n g  n u m b e r  o f  E V  c h a r g i n g  s t a t i o n s  a r e  c a t a l y z i n g  t h e  n e e d  f o r  t r a n s f o r m e r  c o r e s .  O t h e r  
f a c t o r s ,  s u c h  a s  t h e  r i s i n g  d e m a n d  f o r  s m a r t  g r i d s  a n d  t h e  n e e d  f o r  m o d e r n i z i n g  e x i s t i n g  p o w e r  i n f r a s t r u c t u r e ,  e x p a n d i n g  t r a d e  a c t i v i t i e s ,  
i n c r e a s i n g  d e m a n d  f o r  l u x u r y  c r u i s e  s h i p s ,  a n d  r a p i d  i n d u s t r i a l i z a t i o n  a n d  u r b a n i z a t i o n ,  a r e  a l s o  i n f l u e n c i n g  t h e  m a r k e t .
L o o k i n g  f o r w a r d ,  t h e  m a r k e t  i s  a n t i c i p a t e d  t o  r e a c h  a  v a l u e  o f  U S $  1 2 . 5  B i l l i o n  b y  2 0 3 2 ,  e x h i b i t i n g  a  g r o w t h  r a t e  ( C A G R )  o f  3 . 1 %  
d u r i n g  2 0 2 4 - 2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / t r a n s f o r m e r - c o r e - m a r k e t
Core Insights:
• Shel l
• Closed
• Berry
 
Product Insights:
• Power Transformer
Report 
• Distr ibut ion Transformer
Segmentation • Instrument Transformer
Winding Insights:
• Two Winding
• Auto Transformer
Cooling Insights:
• Dry Type
• Self  Cooled
Insulation Insights:
• Gas
• Oil
• Sol id
Report 
• Air
Segmentation
Application Insights:
• Industria l
• Residential  and Commercial
• Uti l i ty
Regional Insights:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
Report 
Segmentation
• Arteche
• Coreffi cient S de RL de CV
• Ei lor Magnetic Cores
Competitive • Ferroxcube International  Holding B.V. 
(Yageo Group)
Landscape 
• Fuj i  Electr ic Co. Ltd.
with Key • KRYFS Power Components Ltd.
Players • Metglas Inc.  (Hitachi  Metals Ltd.)
• Nicore Magnetic Cores
• Powercore Industr ies India Private Limited
• Vi las Transcore Ltd.
How has the global transformer core market performed so far 
and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the 
global transformer core market?
What is the impact of each driver, restraint, and opportunity 
on the global transformer core market?
Key What are the key regional markets?
Questions Which countries represent the most attractive transformer 
core markets?
Answered in 
What is the breakup of the market based on the core?
the Report
Which is the most attractive core in the transformer core 
market?
What is the breakup of the market based on the product?
Which is the most attractive product in the transformer core 
market?
What is the breakup of the market based on the winding?
Which is the most attractive winding in the transformer core 
market?
What is the breakup of the market based on the cooling?
Which is the most attractive cooling in the transformer core 
market?
Key 
What is the breakup of the market based on the insulation?
Questions 
Answered in Which is the most attractive insulation in the transformer core market?
the Report What is the breakup of the market based on the application?
Which is the most attractive application in the transformer 
core market?
What is the competitive structure of the global transformer 
core market?
Who are the key players/companies in the global transformer 
core market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  T r a n s f o r m e r  C o r e  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o r e
    6 . 1     S h e l l
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     C l o s e d
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     B e r r y
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7     M a r k e t  B r e a k u p  b y  P r o d u c t
       
    7 . 1     P o w e r  T r a n s f o r m e r
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     D i s t r i b u t i o n  T r a n s f o r m e r
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     I n s t r u m e n t  T r a n s f o r m e r
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8     M a r k e t  B r e a k u p  b y  W i n d i n g
Table of     8 . 1     T w o  W i n d i n g        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     A u t o  T r a n s f o r m e r
Contents         8 . 2 . 1  M a r k e t  T r e n d s        8 . 2 . 2  M a r k e t  F o r e c a s t
9     M a r k e t  B r e a k u p  b y  C o o l i n g
    9 . 1     D r y  T y p e
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     S e l f  C o o l e d
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t
1 0     M a r k e t  B r e a k u p  b y  I n s u l a t i o n
    1 0 . 1     G a s
        1 0 . 1 . 1  M a r k e t  T r e n d s
        1 0 . 1 . 2  M a r k e t  F o r e c a s t
    1 0 . 2     O i l
        1 0 . 2 . 1  M a r k e t  T r e n d s
        1 0 . 2 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / t r a n s f o rm e r- c o re - m a r ke t / t o c
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