Global transformer core market stood at $ 5.3 billion in 2018 and is projected to reach $ 7.5 billion by 2024. Growth in the global transformer core market can be attributed to the rapid pace of industrialization and urbanization across the globe. In addition to this, the increasing government expenditure towards the development of renewable energy projects to meet the growing energy demand is further going to upsurge the global transformer core market through 2024.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

·         To study and forecast the global market size of the transformer core market.

·         To outline, classify and estimate the global transformer core market on the basis of type and regional distribution.

·         To understand the regional market structure of transformer core market - Asia-Pacific, North America, Europe, Middle East & Africa and South America and forecast the market size.

·         To identify the detailed information about the prime factors affecting the global transformer core market.

·         To evaluate competitor pricing, average market selling prices and margins in the global transformer core market.

·         To examine competitive developments such as expansions, new entrants in the global transformer core market.

·         To strategically profile the leading players operating in the market.


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Global transformer core market is controlled by these major players, namely– ABB Group (Switzerland), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading transformer core players across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key offerings, prices of services and competitors. Through this technique, TechSci Research was able to include the companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the end users, distribution network and regional presence of all major transformer core companies across the globe.

TechSci Research calculated the market size for global transformer core market using a bottom-up approach, where equipment manufacturer’s sales data for transformer core types (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective companies to arrive at the overall market size. Various secondary sources, directories, databases, company annual reports, white papers, investor presentations and financial reports were also studied by the TechSci Research.


Key Target Audience:

  • Transformer core manufacturers, suppliers and other stakeholders
  • Associations, organizations, forums and alliances related to transformer core market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as transformer core service providers, customers and policy makers and which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market.

Report Scope:

In this report, the transformer core has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, by Type:
    • Power Transformer
    • Distribution Transformer
    • Isolation Transformers
    • Auto Transformers
  • Market, by Geography:
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Singapore
      • Rest of APAC
    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of MEA
    • South America
      • Brazil
      • Colombia
      • Argentina
      • Rest of South America

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in transformer core market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across all major countries.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer

5.       Global Transformer Core Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Value

5.2.    Market Share & Forecast

5.2.1.By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

5.2.2.By Region (APAC, North America, Europe, MEA and South America)

5.2.3.By Company

6.       Global Transformer Core Market Regional Analysis

6.1.    Asia Pacific Transformer Core Market Outlook

6.1.1.Market Size & Forecast

6.1.1.1.              By Value

6.1.2.Market Share & Forecast

6.1.2.1.             By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.1.2.2.             By Country

6.1.2.2.1.     China Transformer Core Market Outlook

6.1.2.2.1.1.   Market Size & Forecast

6.1.2.2.1.1.1.         By Value

6.1.2.2.1.2.   Market Share & Forecast

6.1.2.2.1.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.1.2.2.2.     India Transformer Core Market Outlook

6.1.2.2.2.1.   Market Size & Forecast

6.1.2.2.2.1.1.         By Value

6.1.2.2.2.2.   Market Share & Forecast

6.1.2.2.2.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.1.2.2.3.     Japan Transformer Core Market Outlook

6.1.2.2.3.1.   Market Size & Forecast

6.1.2.2.3.1.1.         By Value

6.1.2.2.3.2.   Market Share & Forecast

6.1.2.2.3.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.1.2.2.4.     South Korea Transformer Core Market Outlook

6.1.2.2.4.1.   Market Size & Forecast

6.1.2.2.4.1.1.         By Value

6.1.2.2.4.2.   Market Share & Forecast

6.1.2.2.4.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.1.2.2.5.     Singapore Transformer Core Market Outlook

6.1.2.2.5.1.   Market Size & Forecast

6.1.2.2.5.1.1.         By Value

6.1.2.2.5.2.   Market Share & Forecast

6.1.2.2.5.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.2.    North America Transformer Core Market Outlook

6.2.1.Market Size & Forecast

6.2.1.1.              By Value

6.2.2.Market Share & Forecast

6.2.2.1.             By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.2.2.2.             By Country

6.2.2.2.1.     United States Transformer Core Market Outlook

6.2.2.2.1.1.   Market Size & Forecast

6.2.2.2.1.1.1.         By Value

6.2.2.2.1.2.   Market Share & Forecast

6.2.2.2.1.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.2.2.2.2.     Canada Transformer Core Market Outlook

6.2.2.2.2.1.   Market Size & Forecast

6.2.2.2.2.1.1.         By Value

6.2.2.2.2.2.   Market Share & Forecast

6.2.2.2.2.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.2.2.2.3.     Mexico Transformer Core Market Outlook

6.2.2.2.3.1.   Market Size & Forecast

6.2.2.2.3.1.1.         By Value

6.2.2.2.3.2.   Market Share & Forecast

6.2.2.2.3.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.3.    Middle East & Africa Transformer Core Market Outlook

6.3.1.Market Size & Forecast

6.3.1.1.              By Value

6.3.2.Market Share & Forecast

6.3.2.1.             By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.3.2.2.             By Country

6.3.2.2.1.     Saudi Arabia Transformer Core Market Outlook

6.3.2.2.1.1.   Market Size & Forecast

6.3.2.2.1.1.1.         By Value

6.3.2.2.1.2.   Market Share & Forecast

6.3.2.2.1.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.3.2.2.2.     UAE Transformer Core Market Outlook

6.3.2.2.2.1.   Market Size & Forecast

6.3.2.2.2.1.1.         By Value

6.3.2.2.2.2.   Market Share & Forecast

6.3.2.2.2.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.3.2.2.3.     South Africa Transformer Core Market Outlook

6.3.2.2.3.1.   Market Size & Forecast

6.3.2.2.3.1.1.         By Value

6.3.2.2.3.2.   Market Share & Forecast

6.3.2.2.3.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.4.   Europe Transformer Core Market Outlook

6.4.1.Market Size & Forecast

6.4.1.1.              By Value

6.4.2.Market Share & Forecast

6.4.2.1.             By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.4.2.2.             By Country

6.4.2.2.1.     UK Transformer Core Market Outlook

6.4.2.2.1.1.   Market Size & Forecast

6.4.2.2.1.1.1.         By Value

6.4.2.2.1.2.   Market Share & Forecast

6.4.2.2.1.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.4.2.2.2.     Germany Transformer Core Market Outlook

6.4.2.2.2.1.   Market Size & Forecast

6.4.2.2.2.1.1.         By Value

6.4.2.2.2.2.   Market Share & Forecast

6.4.2.2.2.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.4.2.2.3.     France Transformer Core Market Outlook

6.4.2.2.3.1.   Market Size & Forecast

6.4.2.2.3.1.1.         By Value

6.4.2.2.3.2.   Market Share & Forecast

6.4.2.2.3.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.4.2.2.4.     Italy Transformer Core Market Outlook

6.4.2.2.4.1.   Market Size & Forecast

6.4.2.2.4.1.1.         By Value

6.4.2.2.4.2.   Market Share & Forecast

6.4.2.2.4.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.4.2.2.5.     Spain Transformer Core Market Outlook

6.4.2.2.5.1.   Market Size & Forecast

6.4.2.2.5.1.1.         By Value

6.4.2.2.5.2.   Market Share & Forecast

6.4.2.2.5.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.5.    South America Transformer Core Market Outlook

6.5.1.Market Size & Forecast

6.5.1.1.              By Value

6.5.2.Market Share & Forecast

6.5.2.1.             By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.5.2.2.             By Country

6.5.2.2.1.     Brazil Transformer Core Market Outlook

6.5.2.2.1.1.   Market Size & Forecast

6.5.2.2.1.1.1.         By Value

6.5.2.2.1.2.   Market Share & Forecast

6.5.2.2.1.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.5.2.2.2.     Argentina Transformer Core Market Outlook

6.5.2.2.2.1.   Market Size & Forecast

6.5.2.2.2.1.1.         By Value

6.5.2.2.2.2.   Market Share & Forecast

6.5.2.2.2.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

6.5.2.2.3.          Colombia Transformer Core Market Outlook

6.5.2.2.3.1.   Market Size & Forecast

6.5.2.2.3.1.1.         By Value

6.5.2.2.3.2.   Market Share & Forecast

6.5.2.2.3.2.1.        By Type (Power Transformer, Distribution Transformer, Isolation Transformers, Auto Transformers)

7.       Market Dynamics

7.1.    Drivers

7.2.    Challenges

8.       Market Trends & Developments

9.       Regional Price Analysis

10.   Competitive Landscape

10.1.  General Electric

10.2.   ABB

10.3.  Siemens AG

10.4.  Mitsubishi Electric Corporation

10.5.  Hitachi, Ltd.

10.6.  Toshiba Corporation

10.7.  Hyosung Heavy Industries

10.8.  Fuji Electric Co., Ltd.

10.9.  TDK Corporation

10.10.    Ferroxcube International Holding B.V.

11.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • List of Figures

    Figure 1: Global Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 2: Global Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 3: World Gross Domestic Price, at current prices (USD), 2014-2019
    Figure 4: Global Transformer Core Market Share, By Region, By Value, 2018 & 2024F
    Figure 5: Global Transformer Core Market Share, By Company, By Value, 2018
    Figure 6: Type Map on the basis of Market Size (USD Million) & Growth Rate (%)
    Figure 7: Region Map on the basis of Market Size (USD Million) & Growth Rate (%)
    Figure 8: Asia Pacific Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 9: Asia Pacific Transformer Core Market Share, By Product Type, By Value, 2018 & 2024F
    Figure 10: Asia Pacific Real GDP Growth Rate, 2013-2018
    Figure 11: Asia Pacific Transformer Core Market Share, By Country, By Value, 2018 & 2024F
    Figure 12: China Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 13: China Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 14: China GDP, 2014-2023F (USD Billion)
    Figure 15: India Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 16: India Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 17: India GDP Per Capita Income (Thousand USD), 2010-2016
    Figure 18: Japan Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 19: Japan Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 20: Japan New Commercial/Industry Building Share, By Region, 2018
    Figure 21: South Korea Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 22: South Korea Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 23: South Korea New Commercial/Industry Building Share, By Region, 2018
    Figure 24: Singapore Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 25: Singapore New Commercial/Industry Building Share, By Region, 2018
    Figure 26: Singapore Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 27: North America Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 28: North America Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 29: North America Real GDP Growth Rate, 2013-2018
    Figure 30: North America Transformer Core Market Share, By Country, By Value, 2018 & 2024F
    Figure 31: United States Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 32: United States Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 33: Canada Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 34: Canada Inflation Rate, 2014-2023F (Change in %)
    Figure 35: Canada Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 36: Mexico Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 37: Mexico Real GDP Growth Rate, 2013-2018
    Figure 38: Mexico Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 39: Middle East & Africa Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 40: Middle East & Africa Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 41: Middle East & Africa Real GDP Growth Rate, 2013-2018
    Figure 42: Middle East & Africa Transformer Core Market Share, By Country, By Value, 2018 & 2024F
    Figure 43: Saudi Arabia Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 44: Saudi Arabia Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 45: Saudi Arabia GDP, 2018
    Figure 46: UAE Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 47: UAE Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 48: UAE installed Capacity, 2018, MW
    Figure 49: South Africa Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 50: South Africa Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 51: South Africa Number of Employment, 2014-2018 (Million)
    Figure 52: Europe Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 53: Europe Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 54: Europe Real GDP Growth Rate, 2013-2018
    Figure 55: Europe total number of commercial buildings, 2018
    Figure 56: Europe Transformer Core Market Share, By Country, By Value, 2018 & 2024F
    Figure 57: UK Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 58: UK Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 59: UK City Wise Number of Industries, By Type, 2018
    Figure 60: Germany Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 61: Germany Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 62: Germany Current Account Balance, 2005, 2010, 2015-2018 (USD Billion)
    Figure 63: France Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 64: France Gross National Savings (% of GDP), 2013-2020F 
    Figure 65: France Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 66: Italy Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 67: Italy Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 68: Italy Upcoming Commercial Projects, As of 2018
    Figure 69: Spain Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 70: Spain Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 71: Spain City Wise Number of Industries, By Type, 2018
    Figure 72: South America Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 73: South America Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 74: South America Real GDP Growth Rate, 2013-2018
    Figure 75: South America Transformer Core Market Share, By Country, By Value, 2018 & 2024F
    Figure 76: Brazil Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 77: Brazil Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 78: Brazil GDP per Capita at Current Prices, 2013-2023F (USD)
    Figure 79: Argentina Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 80: Argentina Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 81: Argentina GDP Composition by Sector, 2012-2018
    Figure 82: Colombia Transformer Core Market Size, By Value, 2014-2024F (USD Million)
    Figure 83: Colombia Transformer Core Market Share, By Type, By Value, 2018 & 2024F
    Figure 84: Colombia Installed Capacity, MW, By State, 2017 (Million)