| Product Code: ETC272005 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for the transformer core market experienced a notable decline from 2023 to 2024, with a growth rate of -43.21%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 4.77%. This decline in import momentum could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
Thailand's Transformer Core market is anticipated to experience a stable growth rate of 0.15% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

Transformer cores are crucial components in electrical transformers. In Thailand, the transformer core market is closely linked to the power distribution and transmission sector. As the country modernizes its power infrastructure and adopts renewable energy sources, the demand for efficient transformer cores may increase.
The Thailand Transformer Core market has witnessed growth driven by the expansion of the energy and power distribution sector. Transformer cores are fundamental components in electrical transformers, which are essential for voltage conversion and distribution. As Thailand continues to invest in its energy infrastructure, including renewable energy projects, the demand for transformers and transformer cores has risen. Moreover, efforts to improve energy efficiency and reduce power losses in electrical distribution systems have contributed to market growth. Advances in transformer core materials and designs to enhance performance and reduce environmental impact have also played a significant role in the market`s expansion.
Challenges in the transformer core market include the need for efficient and cost-effective core materials. Additionally, market players may need to address environmental concerns related to core manufacturing processes and materials. Ensuring the reliability and longevity of transformer cores is vital for the power distribution sector.
The Thailand Transformer Core market saw mixed effects from the pandemic. The initial disruptions in the supply chain and reduced industrial activity led to a decrease in demand for transformers, impacting the core market. However, as businesses adapted to remote work and digital transformation, there was a growing need for efficient power distribution, which stimulated the demand for transformers and, consequently, transformer cores.
In the Thailand Transformer Core market, established players include Hitachi ABB Power Grids, Siemens AG, Crompton Greaves Ltd., and Mitsubishi Electric Corporation. These companies specialize in manufacturing transformer cores, which are essential components in power distribution and transmission systems, ensuring the efficient flow of electricity across the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Transformer Core Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Transformer Core Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Transformer Core Market - Industry Life Cycle |
3.4 Thailand Transformer Core Market - Porter's Five Forces |
3.5 Thailand Transformer Core Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Thailand Transformer Core Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Thailand Transformer Core Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Thailand Transformer Core Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.9 Thailand Transformer Core Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Transformer Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Thailand |
4.2.2 Growing investments in renewable energy projects |
4.2.3 Technological advancements in transformer core materials and designs |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Intense competition from global and local transformer core manufacturers |
5 Thailand Transformer Core Market Trends |
6 Thailand Transformer Core Market, By Types |
6.1 Thailand Transformer Core Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Thailand Transformer Core Market Revenues & Volume, By Core, 2021-2031F |
6.1.3 Thailand Transformer Core Market Revenues & Volume, By Closed, 2021-2031F |
6.1.4 Thailand Transformer Core Market Revenues & Volume, By Shell, 2021-2031F |
6.1.5 Thailand Transformer Core Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Thailand Transformer Core Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Thailand Transformer Core Market Revenues & Volume, By Distribution Transformer, 2021-2031F |
6.2.3 Thailand Transformer Core Market Revenues & Volume, By Power Transformer, 2021-2031F |
6.2.4 Thailand Transformer Core Market Revenues & Volume, By Instrument Transformer, 2021-2031F |
6.3 Thailand Transformer Core Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Thailand Transformer Core Market Revenues & Volume, By Two Winding, 2021-2031F |
6.3.3 Thailand Transformer Core Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.3.4 Thailand Transformer Core Market Revenues & Volume, By Cooling, 2021-2031F |
6.3.5 Thailand Transformer Core Market Revenues & Volume, By Dry Type, 2021-2031F |
6.3.6 Thailand Transformer Core Market Revenues & Volume, By Self-Cooled, 2021-2031F |
6.4 Thailand Transformer Core Market, By Insulation |
6.4.1 Overview and Analysis |
6.4.2 Thailand Transformer Core Market Revenues & Volume, By Gas, 2021-2031F |
6.4.3 Thailand Transformer Core Market Revenues & Volume, By Oil, 2021-2031F |
6.4.4 Thailand Transformer Core Market Revenues & Volume, By Solid, 2021-2031F |
6.4.5 Thailand Transformer Core Market Revenues & Volume, By Air, 2021-2031F |
6.5 Thailand Transformer Core Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Thailand Transformer Core Market Revenues & Volume, By Residential & Commercial, 2021-2031F |
6.5.3 Thailand Transformer Core Market Revenues & Volume, By Utility, 2021-2031F |
6.5.4 Thailand Transformer Core Market Revenues & Volume, By Industrial, 2021-2031F |
7 Thailand Transformer Core Market Import-Export Trade Statistics |
7.1 Thailand Transformer Core Market Export to Major Countries |
7.2 Thailand Transformer Core Market Imports from Major Countries |
8 Thailand Transformer Core Market Key Performance Indicators |
8.1 Capacity utilization rate of transformer core manufacturing facilities in Thailand |
8.2 Adoption rate of advanced transformer core designs and materials |
8.3 Energy efficiency improvements in transformers in Thailand |
9 Thailand Transformer Core Market - Opportunity Assessment |
9.1 Thailand Transformer Core Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Thailand Transformer Core Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Thailand Transformer Core Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Thailand Transformer Core Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.5 Thailand Transformer Core Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Transformer Core Market - Competitive Landscape |
10.1 Thailand Transformer Core Market Revenue Share, By Companies, 2024 |
10.2 Thailand Transformer Core Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |