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Transformer Core - Global Market Outlook (2017-2023)
2017-09-07 10:17:18

NEW YORK, Sept. 6, 2017 /PRNewswire/ -- According to Stratistics MRC, The Global Transformer Core Market is accounted for $7139 million in 2016 and expected to grow at a CAGR of 4.2% to reach $9533 billion by 2023. The market is driven by increase in government investment in renewable power projects, rapid urbanization and industrialization in emerging countries and rising demand for electricity from various industries. On the other hand, price fluctuations in electrical steel & ferrite and changing regulatory environment for manufacturers are inhibiting the market growth. 

Power transformer type dominated the market share due to increasing development of power grids and power generation projects worldwide. Asia Pacific is expected to dominate the market throughout the forecast period due to the rise in infrastructural and industrial development, in China, India, and other developing economies. China captured more than half of the total share in the Asia-Pacific transformer core market. Latin America is anticipated to gain an investment to furnish the rising demand for electricity. Europe will show substantial growth on account of ongoing aging infrastructure replacement activities in the region. 
The key players in global Transformer Core market are ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Crompton Greaves, Toshiba Corporation, Hitachi, Ltd., Fuji Electric Co. Ltd. and Ferroxcube International Holding B.V. 

Types Covered:
• Distribution Transformers 
• Power Transformers 
• Other Types 
o Isolation Transformers 
o Auto Transformers 

Regions Covered:
• North America
o US 
o Canada
o Mexico
• Europe
o Germany
o UK 
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE 
o Qatar
o South Africa
o Rest of Middle East & Africa

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