Amorphous Core Transformers Market Size, Share and Global Trend By Type (Dry-Type Transformer, Oil Immersed Transformer), By Application (Utility, Factory, Commercial & Residential Buildings, Others) and Regional Forecast, 2024-2032

The rapid development in every corner of the world in various fields is only possible through the invention of electricity. Today, electricity is playing a vital role in the development of economies. While the generation of electricity consumes millions of tons of fossil fuel which causing environmental degradation. The significant portion of electricity is lost in transmission and distribution of electricity due to the inefficient transformer.

Amorphous core transformer has been employed to save a substantial portion of the electricity generated from fossil. The magnetic core of the amorphous core transformer is made of monocrystalline amorphous metal instead of traditional grain-oriented silicon steel. Absence of crystallization structure enables easy magnetization and combined with low thickness and high electricity resistivity which helps to reduce greatly no-load losses.

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By utilizing the amorphous core transformer, it is possible to achieve higher transformer efficiency due to improved magnetic properties and the physical dimension of the material. Amorphous core transformers are an energy-efficient transformer. If conventional transformers are replaced by amorphous core transformer, a considerable amount of energy will be saved.

The amorphous core transformer market is segmented on the basis of the type and application. There are two types of transformer, i.e. Dry and Oil-immersed transformer. Dry transformer never uses any insulating liquid where oil-immersed transformer uses insulating liquid with its core immersed in it.

Dry-type of transformer is majorly used due to its various advantages and long-lasting property. Amorphous core transformer is used in multiple industries and utility is expected to share a significant portion of the market.

Amorphous metal allows a significant reduction in no-load losses as compared to the traditional transformer and delivers high efficiency. Furthermore, reduced operating temperature, reduced energy consumption resulting in reduced CO2 production will contribute to sustainable developments in energy distribution, which expected to accelerate the growth of the amorphous core transformer market.

Amorphous core transformers are not able to withstand with load fluctuation which might happen in most of the electric grid utility and they are too bulky in size and weight that would obstruct the growth of the amorphous metal transformer. Besides this its high failure rate, impossible to repair the core, and ability to stand with short-circuit is low, which hamper its growth.

Key Players Covered

The key players in the amorphous core transformer market are ABB, Siemens, Hitachi, Vijai Electricals Limited, CG Power and Industrial Solutions Limited, Howard Industries, Kotsons, ABC Transformers, Rhino Electric Co., Ltd., Baoding Tianwei Group Tebian Electric Co., Ltd., Prolec GE, Jiangsu Yangdong Electric Co, and Power Star.

SEGMENTATION

Regional Analysis

The amorphous core transformer market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The United States has agreed to expand the production of amorphous core transformer for efficient transmission & distribution of electricity. The per capita consumption of electricity in the US is the highest in the world. Government and utility companies are taking the initiative to introduce energy-efficient transformer that would accelerate the growth of the amorphous core transformer market in North America. The European market for the amorphous transformer is in the beginning phase. Spanish utility company ENDESA has started to purchase amorphous transformer from outside Europe and is promoting this technology to local manufacturers. The Asia Pacific has the highest potential market for amorphous core transformer driven by major installation in China and India. Both the government are heavily investing in this technology to reduce transmission and distribution. The major electrification projects rolling out in India and China is immensely investing in energy-efficient technology is leading the growth of the amorphous core transformer market in the Asia Pacific.

Key Industry Developments

• In February 2016, Siemens Canada received an order from SaskPower for installation of amorphous transformer worth 2.4 million. The transformer with a rating from 25kVA to 100kVA will be installed throughout Canada.