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Global transformer core market to be worth $8,9M by 2022


 Ireland, Dublin: Research and Markets has announced the addition of the "Transformer Core Market by Transformer Type (Power Transformer, Distribution Transformer and Others) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022" report to their offering.

According to the report, the world transformer core market is projected to reach $8.897 million by 2022, from 2015 value of $7.123 with a CAGR of 3.5% from 2016 to 2022, reports Business Wire.

The transformer core market is driven by the increase in urbanization, transmission, and expansion of power projects to integrate renewable sources of energy such as wind power and hydro power.

The report provides an extensive analysis of the current trends and future estimations and opportunities in the world transformer core market.

The key companies mentioned in the report are ABB Ltd, Siemens AG, Toshiba Corporation, Mitsubishi Electric Corporation, Hitachi Ltd, Fuji Electric Co. Ltd., Crompton Greaves and Ferroxcube International Holding B.V.

Source: Business Wire