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Shell Core Transformer Market - By Product (Distribution Transformer, Power Transformer), By Winding (Two Winding, Auto Transformer), By Cooling (Dry Type, Oil Immersed), By Insulation (Gas, Oil, Solid, Air), By Mounting, By Application & Forecast, 2023 -

Publisher Global Market Insights
Published Jul 11, 2023
Length 500 Pages
SKU # GMI18198693

Description

Shell Core Transformer Market - By Product (Distribution Transformer, Power Transformer), By Winding (Two Winding, Auto Transformer), By Cooling (Dry Type, Oil Immersed), By Insulation (Gas, Oil, Solid, Air), By Mounting, By Application & Forecast, 2023 - 2032


Global Shell Core Transformer Market will demonstrate 6.7% CAGR between 2023 and 2032. The escalating demand for electricity worldwide has become a pivotal driver in the market growth. According to the Global Electricity Review 2023 published by Ember, during the first half of 2022, global electricity consumption increased by 3% compared to the corresponding period in the previous year, aligning closely with the historical average trend.

As urbanization, industrialization, and technological advancements continue to surge, there is an ever-increasing need for efficient electrical distribution. Shell-core transformers, known for their high reliability and energy efficiency, are in high demand to ensure seamless power transmission across diverse sectors. This growing demand for reliable and sustainable power solutions has positioned the shell-core transformer market on a trajectory of significant growth, meeting the evolving energy needs of modern society.

The overall shell core transformer market is segregated based on product, winding, cooling, insulation, mounting, application, and region.

Regarding the product category, the power transformer segment could exhibit 3.6% CAGR over 2023-2032. Shell core power transformers are gaining popularity due to their superior efficiency and reliability in delivering electricity. As the demand for cleaner and more sustainable energy solutions grows, these transformers are well-suited to meet the needs of modern power grids, ensuring stable and efficient power transmission while minimizing environmental impact.

The residential segment could dominate the application landscape of the shell core transformer industry and depict 8% growth rate through 2032. The compact design and noise reduction properties of shell core transformers make them suitable for residential applications. They occupy less space and produce minimal noise, making them ideal for urban and residential settings. Additionally, their energy efficiency ensures cost savings and reliable power supply, further fueling their popularity in homes.

North America shell core transformer industry will record 6.9% CAGR from 2023 to 2032 due to its alignment with the region's increasing demand for energy efficiency and sustainability. According to the U.S. Energy Information Administration, in the United States, renewable energy consumption saw a modest uptick, rising from 12.1 quads in 2021 to a historic peak of 13.2 quads in 2022. Shell core transformers are highly efficient, environmentally friendly, and adaptable to modern power infrastructure, making them a preferred choice for utility companies and industries seeking reliable and eco-friendly power solutions in the North American market.

Table of Contents

500 Pages
Chapter 1 Methodology & Scope
1.1 Market scope and definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Shell core transformer industry 360 degree synopsis, 2019 - 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Winding trends
2.1.4 Cooling trends
2.1.5 Insulation trends
2.1.6 Mounting trends
2.1.7 Application trends
2.1.8 Regional trends
Chapter 3 Shell Core Transformer Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
3.7 COVID- 19 impact on the industry outlook
Chapter 4 Competitive Benchmarking
4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2022
4.2.1 Strategy dashboard
Chapter 5 Shell Core Transformer Market, By Product
5.1 Key product trends
5.2 Distribution transformer
5.3 Power transformer
5.4 Others
Chapter 6 Shell Core Transformer Market, By Winding
6.1 Key winding trends
6.2 Two winding
6.3 Auto-transformer
Chapter 7 Shell Core Transformer Market, By Cooling
7.1 Key cooling trends
7.2 Dry type
7.3 Oil immersed
Chapter 8 Shell Core Transformer Market, By Insulation
8.1 Key insulation trends
8.2 Gas
8.3 Oil
8.4 Solid
8.5 Air
8.6 Others
Chapter 9 Shell Core Transformer Market, By Mounting
9.1 Key mounting trends
9.2 Pad
9.3 Pole
9.4 Others
Chapter 10 Shell Core Transformer Market, By Application
10.1 Key application trends
10.2 Residential
10.3 Commercial & industrial
10.4 Utility
Chapter 11 Shell Core Transformer Market, By Region
11.1 Key regional trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 Russia
11.3.4 UK
11.3.5 Italy
11.3.6 Spain
11.3.7 Netherlands
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 South Korea
11.4.4 India
11.4.5 Australia
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 Qatar
11.5.4 Egypt
11.5.5 South Africa
11.5.6 Nigeria
11.6 Latin America
11.6.1 Brazil
11.6.2 Peru
11.6.3 Argentina
Chapter 12 Company Profiles
12.1 General Electric
12.2 Siemens Energy
12.3 Mitsubishi Electric Corporation
12.4 ABB
12.5 Schneider Electric
12.6 Toshiba International Corporation
12.7 Elsewedy Electric
12.8 Eaton
12.9 CG Power & Industrial Solutions Ltd.
12.10 Voltamp
12.11 Ormazabal
12.12 ARTECHE
12.13 Kirloskar Electric Company
12.14 Hyosung Heavy Industries
12.15 Celme S.r.l.

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