Transformer Core Market Size, Trends and Insights By Product (Distribution Transformer, Power Transformer, Instrument Transformer), By Winding (Two Winding, Auto-transformer), By Cooling (Dry Type, Self-Cooled), By Insulation (Gas, Oil, Solid, Air), By Application (Residential & Commercial, Utility, Industrial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034
Report Snapshot
| Study Period: | 2025-2034 |
| Fastest Growing Market: | North America |
| Largest Market: | Asia Pacific |
Major Players
- Arteche
- Corefficient S de RL de CV
- Eilor Magnetic Cores
- Ferroxcube International Holding B.V. (Yageo Group)
- Others
Reports Description
As per the current market research conducted by the CMI Team, the Global Transformer Core Market is expected to record a CAGR of 3.1% from 2025 to 2034. In 2024, the market size is projected to reach a valuation of USD 9.8 billion. By 2034, the valuation is anticipated to reach USD 12.7 billion.
Transformer Core Market Overview
A transformer core is an electromagnetic induction stationary device used to move electricity from one source to another. It is made of thin laminations of cold-rolled grain-oriented silicon steel and consists of main, secondary, or tertiary metallic windings used in different degrees.
It helps magnetic flux to move from the main winding to the secondary winding to pass quickly. Apart from mechanical support for the windings and a low-resistance closed ferromagnetic route to the magnetic flux, it reduces flux leakage losses. Growing use of energy storage technologies like batteries and pumped hydro has resulted in great demand for transformer cores able to efficiently distribute power around the globe.
The transformer core market is influenced by several factors, such as increasing electricity demand, expansion of power transmission & distribution (T&D) networks, growth in renewable energy integration, technological advancements in transformer core materials, and others.
- According to the International Energy Agency, the world’s electricity consumption is forecast to rise at its fastest pace in recent years, growing at close to 4% annually through 2027 as power use climbs.
- According to the IEA, global renewable electricity generation is forecast to climb to over 17,000 terawatt-hours (TWh) by the end of this decade, an increase of almost 90% from 2023.
Transformer Core Market Growth Factors
Rising electricity demand drives market growth
Rising global need for power, which affects industry as well as innovation, is one main driver of the transformer core market. Fast urbanization and industrialization in developing nations are increasing power consumption, which is increasing demand for transformers and cores.
The demand of industries for high-voltage transformers for power distribution drives even more transformer core manufacture. Furthermore, the need for power and distribution transformers is developing from major expenditures made by public and commercial entities in grid upgrading and expansion.
Projects in Asia, Africa, and Latin America’s rural electrification drive smaller transformer core demand as well. For instance, as per the US EIA, the U.S. electricity sales in 2025 will be 3% higher than in 2024. The growth this year is especially strong in the residential and commercial sectors.
Surge in renewable energy integration
One of the main forces behind the transformer core business is increasing use of hydroelectric, wind, and solar power. Since the worldwide energy change accelerates, transformer cores determine effective power conversion and grid integration.
Large-scale renewable energy project Governments and companies are creating transformers, and their fundamental purpose is to step up and down voltage levels more and more important. To decrease energy losses, big solar parks and wind farms need efficient core power transformers.
Furthermore, high-performance transformer cores are necessary for offshore wind farms in particular to control high-voltage transmission across wide distances. Modern silicon steel and amorphous metal cores are recommended for these purposes because of their energy economy.
Transformer Core Market Challenge
High initial cost
The great upfront costs of transformer cores are a main obstacle to the growth of markets. Manufacturing’s complexity, energy efficiency’s necessity, and raw materials all contribute to these costs. Transformer cores require for premium, costly materials including ferrite, amorphous alloys, and silicon steel.
Changes in raw material prices, particularly with regard to electrical steel, affect production costs. Moreover, low-loss transformer core requirements indicate for constant research and development (R&D) expenses. Digital grid systems and smart transformers require advanced core materials, which drives initial costs.
Transformer Core Market Segmentation Analysis
By Core:
The distribution transformer segment is expected to dominate the market. Favorable government policies, rising energy consumption, and programs to increase rural communities’ access to electricity are all responsible for this expansion. Rapid infrastructural expansion, urbanization, and significant investments in the renewable energy industry are the main causes of this upsurge.
Besides, the power transformer segment is growing at a rapid rate. The need for transformer cores is being driven by a number of factors, including the growth of power grids, the upgrading of current infrastructure, and the increasing use of renewable energy sources.
By Application:
The residential & commercial segment is expected to dominate the market. The need for efficient transformer cores has increased due to the rapid urbanization and growth of business facilities, which have raised the demand for a dependable power supply. Advanced transformer cores that minimize energy losses are being used as a result of governments and organizations enacting laws targeted at lowering energy usage.
Besides, the utility segment is growing at a rapid rate. Transformer core demand is rising as a result of the need to upgrade and expand utility infrastructures due to the increase in worldwide power consumption. The market for transformer cores is also being driven by the need for sophisticated transformers that can manage varying power inputs as a result of the shift to renewable energy sources.
Report Scope
| Feature of the Report | Details |
| Market Size in 2025 | USD 9.8 Billion |
| Projected Market Size in 2034 | USD 12.7 Billion |
| Market Size in 2024 | USD 9.4 Billion |
| CAGR Growth Rate | 3.1% CAGR |
| Base Year | 2024 |
| Forecast Period | 2025-2034 |
| Key Segment | By Product, Winding, Cooling, Insulation, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Transformer Core Market Regional Analysis
North America is projected to dominate the transformer core market. The regional growth is owing to the renewable energy integration. Moreover, the growing electricity demand in the area is also a major propelling factor for the industry expansion. Since many of the transformers in North America are getting close to the end of their useful lives, improvements and replacements are required to guarantee reliable power distribution.
However, the Asia Pacific is growing at a rapid rate over the projected period. This is due to the rising urbanization and industrialization.
Transformer Core Market Recent Development
The transformer core industry adopted several strategies, which include product launches, acquisitions, collaboration, expansion, and others. Some of the company strategies include
- In February 2024, Hitachi Energy announced an investment of more than 30 million euros (approx. $32 million) in the expansion and modernization of its power transformer manufacturing facility in Bad Honnef, Germany. Expected to be completed in 2026, the project will generate up to 100 new jobs in the region and address the rising demand for transformers to support Europe’s clean energy transition.
- In February 2024, Schneider Electric, the leader in the digital transformation of energy management and automation, announced that its EcoStruxure™ Transformer Expert service is now available to businesses in the UK & Ireland. Designed to help extend the life of oil transformers and meet regulatory requirements, the subscription-based service monitors the health of transformers using a combination of IoT sensors and advanced software analytics. The all-in-one and easy to deploy solution provides cloud-based analysis based on real-time data to deliver aging insights and risk assessment, in addition to expert advice and consultation.
The increasing investment and product launch are the strategies that have expanded the market presence of the company in the transformer core industry and gained its competitive edge.
List of the prominent players in the Transformer Core Market:
- Arteche
- 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
- Powercore Industries India Private Limited
- Vilas Transcore Ltd.
- Banmore Electricals Pvt. Ltd.
- NEEL CORE
- CORE Transformers
- Corefficient
- Topline Lamination Pvt. Ltd.
- Others
The Transformer Core Market is segmented as follows:
By Product
- Distribution Transformer
- Power Transformer
- Instrument Transformer
By Winding
- Two Winding
- Auto-transformer
By Cooling
- Dry Type
- Self-Cooled
By Insulation
- Gas
- Oil
- Solid
- Air
By Application
- Residential & Commercial
- Utility
- Industrial
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Transformer Core Market, (2025-2034) (USD Billion)
- 2.2 Global Transformer Core Market : snapshot
- Chapter 3. Global Transformer Core Market – Industry Analysis
- 3.1 Transformer Core Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising pharmaceutical industry
- 3.2.2 Growing food & beverage industry
- 3.2.3 Growth in animal food industry
- 3.2.4 Increasing application in the cosmetics and personal care industry and plastics industry.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porters Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By Winding
- 3.7.3 Market attractiveness analysis By Cooling
- 3.7.4 Market attractiveness analysis By Insulation
- 3.7.5 Market attractiveness analysis By Application
- Chapter 4. Global Transformer Core Market – Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Transformer Core Market: company market share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Transformer Core Market – Product Analysis
- 5.1 Global Transformer Core Market Overview: By Product
- 5.1.1 Global Transformer Core Market share, By Product, 2024 and 2034
- 5.2 Distribution Transformer
- 5.2.1 Global Transformer Core Market by Distribution Transformer, 2025-2034 (USD Billion)
- 5.3 Power Transformer
- 5.3.1 Global Transformer Core Market by Power Transformer, 2025-2034 (USD Billion)
- 5.4 Instrument Transformer
- 5.4.1 Global Transformer Core Market by Instrument Transformer, 2025-2034 (USD Billion)
- 5.1 Global Transformer Core Market Overview: By Product
- Chapter 6. Global Transformer Core Market – Winding Analysis
- 6.1 Global Transformer Core Market Overview: By Winding
- 6.1.1 Global Transformer Core Market share, By Winding, 2024 and 2034
- 6.2 Two Winding
- 6.2.1 Global Transformer Core Market by Two Winding, 2025-2034 (USD Billion)
- 6.3 Auto-transformer
- 6.3.1 Global Transformer Core Market by Auto-transformer, 2025-2034 (USD Billion)
- 6.1 Global Transformer Core Market Overview: By Winding
- Chapter 7. Global Transformer Core Market – Cooling Analysis
- 7.1 Global Transformer Core Market Overview: By Cooling
- 7.1.1 Global Transformer Core Market share, By Cooling, 2024 and 2034
- 7.2 Dry Type
- 7.2.1 Global Transformer Core Market by Dry Type, 2025-2034 (USD Billion)
- 7.3 Self-Cooled
- 7.3.1 Global Transformer Core Market by Self-Cooled, 2025-2034 (USD Billion)
- 7.1 Global Transformer Core Market Overview: By Cooling
- Chapter 8. Global Transformer Core Market – Insulation Analysis
- 8.1 Global Transformer Core Market overview: By Insulation
- 8.1.1 Global Transformer Core Market share, By Insulation, 2024 and 2034
- 8.2 Gas
- 8.2.1 Global Transformer Core Market by Gas, 2025-2034 (USD Billion)
- 8.3 Oil
- 8.3.1 Global Transformer Core Market by Oil, 2025-2034 (USD Billion)
- 8.4 Solid
- 8.4.1 Global Transformer Core Market by Solid, 2025-2034 (USD Billion)
- 8.5 Air
- 8.5.1 Global Transformer Core Market by Air, 2025-2034 (USD Billion)
- 8.1 Global Transformer Core Market overview: By Insulation
- Chapter 9. Global Transformer Core Market – Application Analysis
- 9.1 Global Transformer Core Market overview: By Application
- 9.1.1 Global Transformer Core Market share, By Application, 2024 and 2034
- 9.2 Residential & Commercial
- 9.2.1 Global Transformer Core Market by Residential & Commercial, 2025-2034 (USD Billion)
- 9.3 Utility
- 9.3.1 Global Transformer Core Market by Utility, 2025-2034 (USD Billion)
- 9.4 Industrial
- 9.4.1 Global Transformer Core Market by Industry, 2025-2034 (USD Billion)
- 9.1 Global Transformer Core Market overview: By Application
- Chapter 10. Transformer Core’s Market – Regional Analysis
- 10.1 Global Transformer Core’s Market Regional Overview
- 10.2 Global Transformer Core’s Market Share, by Region, 2024 & 2034 (USD Billion)
- 10.3. North America
- 10.3.1 North America Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.3.1.1 North America Transformer Core’s Market, by Country, 2025-2034 (USD Billion)
- 10.3.1 North America Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.4 North America Transformer Core’s Market, by Product, 2025-2034
- 10.4.1 North America Transformer Core’s Market, by Product, 2025-2034 (USD Billion)
- 10.5 North America Transformer Core’s Market, by Winding, 2025-2034
- 10.5.1 North America Transformer Core’s Market, by Winding, 2025-2034 (USD Billion)
- 10.6 North America Transformer Core’s Market, by Cooling, 2025-2034
- 10.6.1 North America Transformer Core’s Market, by Cooling, 2025-2034 (USD Billion)
- 10.7 North America Transformer Core’s Market, by Insulation, 2025-2034
- 10.7.1 North America Transformer Core’s Market, by Insulation, 2025-2034 (USD Billion)
- 10.8 North America Transformer Core’s Market, by Application, 2025-2034
- 10.8.1 North America Transformer Core’s Market, by Application, 2025-2034 (USD Billion)
- 10.9. Europe
- 10.9.1 Europe Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.9.1.1 Europe Transformer Core’s Market, by Country, 2025-2034 (USD Billion)
- 10.9.1 Europe Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.10 Europe Transformer Core’s Market, by Product, 2025-2034
- 10.10.1 Europe Transformer Core’s Market, by Product, 2025-2034 (USD Billion)
- 10.11 Europe Transformer Core’s Market, by Winding, 2025-2034
- 10.11.1 Europe Transformer Core’s Market, by Winding, 2025-2034 (USD Billion)
- 10.12 Europe Transformer Core’s Market, by Cooling, 2025-2034
- 10.12.1 Europe Transformer Core’s Market, by Cooling, 2025-2034 (USD Billion)
- 10.13 Europe Transformer Core’s Market, by Insulation, 2025-2034
- 10.13.1 Europe Transformer Core’s Market, by Insulation, 2025-2034 (USD Billion)
- 10.14 Europe Transformer Core’s Market, by Application, 2025-2034
- 10.14.1 Europe Transformer Core’s Market, by Application, 2025-2034 (USD Billion)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.15.1.1 Asia Pacific Transformer Core’s Market, by Country, 2025-2034 (USD Billion)
- 10.15.1 Asia Pacific Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.16 Asia Pacific Transformer Core’s Market, by Product, 2025-2034
- 10.16.1 Asia Pacific Transformer Core’s Market, by Product, 2025-2034 (USD Billion)
- 10.17 Asia Pacific Transformer Core’s Market, by Winding, 2025-2034
- 10.17.1 Asia Pacific Transformer Core’s Market, by Winding, 2025-2034 (USD Billion)
- 10.18 Asia Pacific Transformer Core’s Market, by Cooling, 2025-2034
- 10.18.1 Asia Pacific Transformer Core’s Market, by Cooling, 2025-2034 (USD Billion)
- 10.19 Asia Pacific Transformer Core’s Market, by Insulation, 2025-2034
- 10.19.1 Asia Pacific Transformer Core’s Market, by Insulation, 2025-2034 (USD Billion)
- 10.20 Asia Pacific Transformer Core’s Market, by Application, 2025-2034
- 10.20.1 Asia Pacific Transformer Core’s Market, by Application, 2025-2034 (USD Billion)
- 10.21. Latin America
- 10.21.1 Latin America Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.21.1.1 Latin America Transformer Core’s Market, by Country, 2025-2034 (USD Billion)
- 10.21.1 Latin America Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.22 Latin America Transformer Core’s Market, by Product, 2025-2034
- 10.22.1 Latin America Transformer Core’s Market, by Product, 2025-2034 (USD Billion)
- 10.23 Latin America Transformer Core’s Market, by Winding, 2025-2034
- 10.23.1 Latin America Transformer Core’s Market, by Winding, 2025-2034 (USD Billion)
- 10.24 Latin America Transformer Core’s Market, by Cooling, 2025-2034
- 10.24.1 Latin America Transformer Core’s Market, by Cooling, 2025-2034 (USD Billion)
- 10.25 Latin America Transformer Core’s Market, by Insulation, 2025-2034
- 10.25.1 Latin America Transformer Core’s Market, by Insulation, 2025-2034 (USD Billion)
- 10.26 Latin America Transformer Core’s Market, by Application, 2025-2034
- 10.26.1 Latin America Transformer Core’s Market, by Application, 2025-2034 (USD Billion)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.27.1.1 The Middle-East and Africa Transformer Core’s Market, by Country, 2025-2034 (USD Billion)
- 10.27.1 The Middle-East and Africa Transformer Core’s Market, 2025-2034 (USD Billion)
- 10.28 The Middle-East and Africa Transformer Core’s Market, by Product, 2025-2034
- 10.28.1 The Middle-East and Africa Transformer Core’s Market, by Product, 2025-2034 (USD Billion)
- 10.29 The Middle-East and Africa Transformer Core’s Market, by Winding, 2025-2034
- 10.29.1 The Middle-East and Africa Transformer Core’s Market, by Winding, 2025-2034 (USD Billion)
- 10.30 The Middle-East and Africa Transformer Core’s Market, by Cooling, 2025-2034
- 10.30.1 The Middle-East and Africa Transformer Core’s Market, by Cooling, 2025-2034 (USD Billion)
- 10.31 The Middle-East and Africa Transformer Core’s Market, by Insulation, 2025-2034
- 10.31.1 The Middle-East and Africa Transformer Core’s Market, by Insulation, 2025-2034 (USD Billion)
- 10.32 The Middle-East and Africa Transformer Core’s Market, by Application, 2025-2034
- 10.32.1 The Middle-East and Africa Transformer Core’s Market, by Application, 2025-2034 (USD Billion)
- Chapter 11. Company Profiles
- 11.1 Arteche
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Corefficient S de RL de CV
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Eilor Magnetic Cores
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Ferroxcube International Holding B.V. (Yageo Group)
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 Fuji Electric Co. Ltd.
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 KRYFS Power Components Ltd.
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Metglas Inc. (Hitachi Metals Ltd.)
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Nicore Magnetic Cores
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Powercore Industries India Private Limited
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 Vilas Transcore Ltd.
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Banmore Electricals Pvt. Ltd.
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 NEEL CORE
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 CORE Transformers
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.14 Corefficient
- 11.14.1 Overview
- 11.14.2 Financials
- 11.14.3 Product Portfolio
- 11.14.4 Business Strategy
- 11.14.5 Recent Developments
- 11.15 Topline Lamination Pvt. Ltd.
- 11.15.1 Overview
- 11.15.2 Financials
- 11.15.3 Product Portfolio
- 11.15.4 Business Strategy
- 11.15.5 Recent Developments
- 11.16 Others.
- 11.16.1 Overview
- 11.16.2 Financials
- 11.16.3 Product Portfolio
- 11.16.4 Business Strategy
- 11.16.5 Recent Developments
- 11.1 Arteche
List Of Figures
Figures No 1 to 34
List Of Tables
Tables No 1 to 127
Prominent Player
- 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
- Powercore Industries India Private Limited
- Vilas Transcore Ltd.
- Banmore Electricals Pvt. Ltd.
- NEEL CORE
- CORE Transformers
- Corefficient
- Topline Lamination Pvt. Ltd.
- Others
FAQs
The transformer core market is being driven by several factors such as rising pharmaceutical industry, growing food & beverages industry, growth in animal food industry, increasing application in cosmetics and personal care industry and plastics industry and others.
The “Residential & Commercial” had the largest share in the global market for Transformer Core.
The “Distribution Transformer” category dominated the market in 2024.
The key players in the market are 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, Powercore Industries India Private Limited, Vilas Transcore Ltd., Banmore Electricals Pvt. Ltd., NEEL CORE, CORE Transformers, Corefficient, Topline Lamination Pvt. Ltd., Others.
“North America” is expected to dominate the market over the forecast period.
The global market is projected to grow at a CAGR of 3.1% during the forecast period, 2025-2034.
The Transformer Core Market size was valued at USD 9.8 Billion in 2025.