Global Transformer Core Market Will See A Capital Expenditure (Capex) Of $7,853 Mn In 2017
08 August 2017
Visiongain’ has launched a new energy report The Global Transformer Core Market 2017-2027 - Including Forecasts, Segmentation and Analysis By Transformer Core Type (Power Transformer, Distribution Transformer and Others Such As Isolation Transformers, Auto Transformers, and Core Transformers), Transformer Capacity & By Region Plus Analysis of Leading Companies in the Transformer Core Market, Projects and Programmes PLUS Profiles of Leading Companies in the Transformer Core Market
Transformer Core comprises of highly permeable materials with a minimal gap, generally, grain oriented electrical steel (GOES), wherein the transfer of energy is constant from an AC source by coupling the lines of flux between secondary and primary windings.
Transformer Core is one of the basic materials involved in the manufacturing of transformers and power transmission system for insulation, reduction of electricity losses, and heat dispersion. Transformer cores comprise of primary, secondary, or tertiary windings used in different grades, and are installed in transformers in accordance with the transformer type and capacity.
The major players operating in the world Transformer Core market have focused on the strategic expansion of production capacities due to rising demand for Transformer Cores in the power industry, followed by new product developments.
Rapid industrialization, urbanization, and rising need for integration of renewable sources of energy for electricity generation along with infrastructural development especially in the emerging economies such as India, China, and Indonesia, Chile, Brazil, Argentina etc. are some key factors posing bright opportunities for the world Transformer Core market.
The visiongain report analyst commented “The transformer core market is relatively large today, but all the factors analysed in this report illustrate that the industry will exhibit significant growth in the next ten years, providing excellent commercial opportunities. The key players in the world transformer core market have adopted different key business strategies such as acquisition, investments, product launch, and technological advancement to sustain the stiff competition in the global competitive market.”
Leading companies featured in the report who are developing Anaerobic Digestion (AD) facilities include ABB Ltd, Siemens AG, Toshiba, Mitsubishi Electric Corporation, Hitachi Ltd, Fuji Electric Co. Ltd, Crompton Greaves & Ferroxcube International Holding B.V.
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