Transformer Ferrite Core Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC659

Introduction

Ferrites, also known as soft ferrites are non-conductive ceramic compounds that offer ferromagnetic properties and are commonly used in transformers. Transformer ferrite cores are made from iron oxides with a combination of compounds that offer low coercivity such as zinc, nickel and manganese compounds. The ability to provide high current resistivity and high permeability with effective mechanical and electrical properties makes ferrite cores a preferred alternative to magnetic core transformers in applications such as high frequency transformers, adjustable inductors, and wide band transformers among others. The major factors driving the growth of market include increase in government initiatives to integrate renewable resources of energy to produce electricity across sectors, globally.

Market Dynamics

The increase in use of high performance manganese zinc ferrite cores in transformers across domestic and industrial applications as well as increasing technological investments by leading players have led to the growth of transformer ferrite cores market, globally. Increase in demand for electricity from emerging economies such as Asia-Pacific and Middle East & Africa, growth of power sector, growth in adoption of ferrite cores over magnetic cores in transformers, and technological advancements by key players are the major opportunity areas for the market. The major challenges can be attributed to fluctuation in raw material prices and change in regulatory environment.

Market Classification and Overview

The transformer ferrite core market is bifurcated on the basis of material, shape, core type, application, end use industry, and geography. Manganese Zinc Ferrite and Nickel Zinc Ferrite are the two prominent material types used in transformer ferrite cores. Manganese Zinc Ferrite segment is projected to grow at a high rate owing to its high saturation level and high permeability compared to Nickel Zinc Ferrite. The different shapes of transformer ferrite cores include E, I cores, ETD cores, EFD cores and EER cores. E, I cores is the most preferred segment while EFD cores are projected to witness a high growth. The high growth of EFD cores is due to its ability to feature cross-sectional areas making it ideal for compact transformers and inductor applications. Based on core type, the market is segmented into laminated cores and solid cores. Laminated ferrite cores dominate the core type market for transformer ferrite cores due to their reliability and ability to tolerate high inductance and reduce eddy current losses in low frequency power transformers and inductors. Based on application, the market is further segmented into power generation and consumer electronics among others. Power generation accounts for the largest and fastest growing application segment for ferrite cores owing to the increase in expansion of power grids and power generation projects. Based on end-use industry, the market is segmented into energy & power, electronics & semiconductor and others. Energy & power dominates the transformer ferrite cores market owing to the increase in demand for power generation from residential, commercial and industrial sectors globally.

Regional Overview

The market for transformer ferrite cores is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). North America was the major contributors to the growth of transformer ferrite cores market in 2016. Europe was the second biggest market followed by Asia-Pacific. The market for Asia-Pacific is further projected to witness highest growth in coming years owing to the increase in demand for electricity and power projects along with the infrastructure development in the region.

Report Coverage

Market

Transformer Ferrite Core Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Material, Shape, Core Type, Application, End-Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

 

Market Participants

Siemens, ABB, Hitachi, Alstom, Toshiba, Mitsubishi Electric, Fuji Electric, AT&M, Hyosung, and Starkstrom-Geratebau GmbH are the key players in the transformer ferrite cores market. These players involved have adopted the strategies including mergers and acquisitions with local as well as established players.

Market Segmentation

Market By Material

  • Manganese Zinc Ferrite (MnZn)
  • Nickel Zinc Ferrite (NiZn)

Market By Shape

  • E,I Core
  • ETD Core
  • EFD Core
  • EER Core

Market By Type

  • Laminated Core
  • Solid Core

Market By Application

  • Power Generation
  • Consumer Electronics
  • Others

Market By End-use industry

  • Energy & Power
  • Electronics and semiconductor
  • Others

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


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