Transformer Cores Market is set for a Rapid Growth and is Expected to Reach USD 10,617.3 Million by 2026

Zion Market Research has published a new report titled “Transformer Cores by Type (Distribution Transformer and Power Transformer), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2026.”According to the report, the 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.

Browse the full “Transformer Cores by Type (Distribution Transformer and Power Transformer), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2026.” Report at https://www.zionmarketresearch.com/report/transformer-cores-market

As estimated in this report, the global transformer cores market stood at US$ 8,172.2 Million in 2019. Witnessing a tremendous rise during the period from 2020 to 2026, the revenue in this transformer cores market is expected to reach US$ 10,617.3 Million by the end of the forecast period. The key types available in this transformer core market are distribution transformer and power transformer. Among them, the demand for power transformer is relatively higher and the trend is anticipated to remain so over the next few years, notes the transformer cores market research report.

Rise in demand for electricity as a result of growing its consumption is anticipated to steer the transformer cores market growth in the years to come. Apart from this, the rapid increase in the number of transmission & distribution network ventures across the globe will further elevate the growth trajectory of the transformer cores industry over the coming years. Large-scale expansion of grid networks witnessed in developing nations along with huge funding of grid innovation ventures is anticipated to drive the business space over the coming years.

Regionally, Asia Pacific has been leading the worldwide transformer cores market and is anticipated to continue on the dominant position in the years to come, states the transformer cores market study. The swift growth witnessed across industrial, economic, and social domains in countries such as India and China are the key factors behind the dominance of the Asia Pacific transformer cores market. The high number of market players being headquartered in the Asia Pacific is another significant factor that is likely to influence regional growth.

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

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