Global Amorphous Core Transformer Market to Surge at ~7.9% CAGR Through 2031, Reed Intelligence Report Finds According to a new in-depth analysis by Reed Intelligence, the global amorphous core transformer market is set to grow at a robust compound annual growth rate (CAGR) of approximately 7.9% over the forecast period from 2023 to 2031. With the base year pegged at 2023, the total market size is projected to expand from USD XX million to USD XX million by 2031, underscoring strong demand for energy-efficient transformer technologies. Key Highlights Base Year / Forecast Year & CAGR: The market is based on 2023, projected through to 2031 with a CAGR of ~7.9%. Largest Region: Asia-Pacific dominates the market, driven by rapid industrialization, grid expansion, and renewable energy adoption. Fastest-Growing Region: North America is expected to be the fastest-growing region over the forecast, supported by grid modernization and strong regulatory support. Largest Segment by Type: Among types, oil-immersed remains a major segment. Fastest-Growing Segment by Application: The “others” application segment (beyond factory, building, electric pole) is expected to show strong expansion, leveraging niche use-cases and growing demand. Get A sample Report- https://reedintelligence.com/market-analysis/global-amorphous-core-transformer-market/request-sample Market Dynamics Drivers, Restraints & Opportunities The global amorphous core transformer market is being strongly driven by increasing integration of renewable energy, growing concerns about energy efficiency, and the rollout of smart grid infrastructure. These trends are encouraging utilities and industrial players to adopt amorphous core technology because of its lower core losses, superior efficiency, and long-term cost savings. On the other hand, the market faces restraints such as regulatory uncertainties, supply chain disruptions, and competitive pressure from more established transformer core materials. However, these challenges are also giving rise to compelling opportunities — manufacturers can leverage high-efficiency designs, compact sizes, and low-noise operation to tap into undeserved markets and expand into renewable-heavy geographies. Top Market Players The report identifies the following as leading companies in the global amorphous core transformer market: Hitachi ABB Siemens Zhixin Electric Vijai CG Global Howard Industries STS CREAT BRG Sunten Eaglerise Tianwei Group ProlecGE Kotsons Yangdong Electric Powerstar Market Segmentation The report segments the global amorphous core transformer market as follows: By Type Oil-immersed Dry-type By Application Factory Building Electric Pole Others By Region North America Europe Asia Pacific (APAC) LAMEA (Latin America, Middle East & Africa) About Reed Intelligence Reed Intelligence is a market research firm specialized in providing deep insights and data-driven reports across advanced materials, energy, infrastructure, and technology sectors.