Transformers: industry growth, demand drivers, and market outlook
A transformer works on the principle of electromagnetic induction. It transfers power from one circuit to another at the same frequency but with a change in voltage. The device has a steel core, usually laminated to reduce losses, which provides a path for magnetic flux. It has two windings: the primary, connected to the power source, and the secondary, connected to the load. Depending on how the windings are arranged, the voltage can step up…
