Press Release

Transformer Core Market to Reach $ 7.5 Billion by 2024

Rapid industrialization, rising urbanization and increasing investment towards renewable energy development projects to fuel global transformer core market through 2024

According to TechSci Research report, “Global Transformer Core Market By Type, By Region, Competition, Forecast and Opportunities, 2024”, the global transformer core market is projected to surpass $ 7.5 billion by 2024 on account of rising electricity demand across developed as well as developing economies. Transformer core market is also significantly benefitting from the expansion of grid networks in developing economies, rising investments in grid renovation projects in developed economies and continuing integration of renewable power with conventional grids.

Browse 84 market data Figures spread through 110 Pages and an in-depth TOC on "Global Transformer Core Market"

https://www.techsciresearch.com/report/global-transformer-core-market/1500.html

In terms of Type, the global transformer core market has been categorized into Power Transformer, Distribution Transformer, Isolation Transformer and Auto Transformer. Power transformer segment accounted for the largest portion of the global market for transformer core in 2018 and the segment is expected to account for a considerable portion during forecast period as well. Rapid industrialization and urbanization in major developing economies such as China and India is leading to a continuous rise in demand for grid elements and, in turn, fueling demand for transformer core.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1500

Customers can also request for 10% free customization on this report.

Asia Pacific is expected to grab the largest share of global transformer core market during the forecast period. Surge in industrial and infrastructure development activities in the region over the past few years is the major factor attributable to the leading position of the region in the global transformer core market. “The ever-rising demand for electricity is the foremost factor augmenting the global transformer core market. Moreover, rapid industrialization and urbanization in major developing economies is creating staggering demand for electricity, which in turn, is boosting the global transformer core market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Global Transformer Core Market By Type, By Region, Competition, Forecast and Opportunities, 2024” has evaluated the future growth potential of global transformer core market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global transformer core market.

 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Relevant Reports

Transformer Core Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Distribution Transformer, Power Transformer and Instrument Transformer), By Winding (Two Winding and Auto-transformer), By Cooling (Dry Type and Oil Immersed), By Application (Residential & Commercial, Utility and Industrial), By Region, Competition

Power | Nov, 2023

Increasing regulatory focus toward integration of energy efficient electricity supply systems in line with rapid adoption of smart grid technology are some of the factors driving the Global Transformer Core Market during the forecast period 2024-2028.

Relevant News