Market

Transformer core market to reach $8.9 B by 2022

The transformer core market is projected to grow at a CAGR of 3.5 % from 2015 value of $7.1 B to $8.9 B by the end of 2022.

The market has increased considerably in the recent past, due to the rise in government investments in renewable power projects, coupled with the rapid industrialization and urbanization. The power transformers segment dominated the world transformer core market in 2014, and is expected to maintain its lead throughout the forecast period from 2016 to 2022.

Som of the key players of the 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.

The regions covered in this report are: North America, Europe, Asia-Pacific, Middle East and Africa, and South & Central America.

Source: Jewish Life News