Intense Research has added a new report titled “World Transformer Core Market - Opportunities and Forecasts, 2014 – 2022” to their offering.
According to the report, the global transformer core market is witnessing vivid opportunities due to rising urbanization especially in the developing economies across the globe. Moreover, rising demand for power generation and transmission due to increase in industrialization is another key factor fuelling the growth of the overall market.
Moreover, advancements in technology and demand for transformer cores due to new capacity additions in nuclear and thermal power plants is another major factor driving the growth of the world transformer core market.
However, raw material price fluctuations is a major factor hampering the growth of the market along with high initial costs required for the manufacture of transformers. Also, maintenance and aging costs and compliance with quality, specifications and testing are some major factors hindering the growth of the market.
The report segments the world transformer core market on the basis of transformer type, transformer capacity and geography.
Some of the major companies profiled in this report are ABB Ltd., Siemens, Mitsubishi Electric, Hyosung, Crompton Greaves, Toshiba, Alstom, Hitachi, Fuji Electric and Ferroxcube.
Source: News Maker