Transformer Cores Market Revenue To Hit Scaling Heights Through USD 15.3 Bn Earnings By 2028

According to report of Zion Market Research, Transformer Cores industry gathered revenue worth about US$ 9.1 billion in 2021 and is slated to accumulate returns of approx. US$ 15.3 billion by 2028. In addition to this, Transformer Cores market is set to register CAGR of nearly 4.2% in 2022-2028. Apparently, expansion of transformer cores industry over forecasting years is subject to escalating need of power supply in each sector. Massive acceptance of sustainable power sources is predicted to produce new growth avenues for transformer cores market over upcoming years. Nonetheless, huge costs of copper wires that are used as raw materials in transformer cores will put brakes on growth of transformer cores market.

Power Transformer Segment To Make Notable Contributions Towards Market Share By 2028

The growth of power transformer segment over forecasting timeline is due to surge in product penetration across wind power units. In addition to this, a prominent increase in funding of sustainable power ventures will open new growth opportunities for power transformer segment in ensuing years.

North America To Dominate Transformer Cores Market Size Over 2022-2028

Expansion of transformer cores market in North America over forecasting period is subject to technological breakthroughs in energy generation sector. In addition to this, surging government investment in renewable power projects will proliferate size of regional market over ensuing years. Moreover, rise in population leading to electricity demand will add to bulge in market earnings over forecasting years. Presence of major players will further contribute towards regional market size.

Some of key participants included in study and impacting growth of transformer cores industry are Mitsubishi Electric Corporation, Hitach Limited, Siemens AG, Toshiba Corporation, ABB Ltd, JiangSu HuaPeng Transformer Co., Ltd., Crompton Greaves Consumer Electricals Limited, Fuji Electric Co. Ltd., and Ferroxcube International Holdings B.V.  

Browse the full “Transformer Cores Market- By Transformer Type (Power Transformer, Distribution Transformer, Isolation Transformer, And Auto Transformer) And By Application (Power Transmission And Electronics): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/transformer-cores-market

The global Transformer Cores Market is segmented as follows:

By Transformer Type

• Power Transformer
• Distribution Transformer
• Isolation Transformer
• Auto Transformer

By Application

• Power Transmission
• Electronics

By Region

• 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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