Global Transformer Core Market size to reach $12.7 B by 2034
The global transformer core market size is expected to reach 12.7 B, growing at a CAGR of 3.1 % between 2025 and 2034
Image for illustration purposes
The global transformer core market size is expected to reach 12.7 B, growing at a CAGR of 3.1 % between 2025 and 2034
According to a market research study published by Custom Market Insights, the global transformer core market size was valued at approximately $9.4 B in 2024 and is expected to reach around 12.7 B by 2034, at a CAGR of 3.1 % between 2025 and 2034.
Growing power consumption resulting from industrialisation and urbanisation is driving the demand for transformers and their cores. Public and private sector projects in modernising old power infrastructure and expanding grid networks also boost transformer core demand.
The key market players: Arteche, Corefficient S de RL de CV, Eilor Magnetic Cores, Ferroxcube International Holding B.V. (Yageo Group), Fuji Electric Co. Ltd., KRYFS Power Components Ltd., Metglas Inc. (Hitachi Metals Ltd.), Nicore Magnetic Cores, etc.
Source: Yahoo Finance
#CAGR#global transformer core market#grid expansion#Growth#market#modernisation#power consumption