The transformer is one of the most discussed and important components of electrical power systems because of its reliability, durability and energy conversion capability. It is also useful in load sharing, which reduces system burden, but is also responsible for a sufficient number of losses, as it is used in different types of electric appliances that require voltage conversion. The no-load losses of transformers have gained much attention from research perspective because of its operating cost throughout its lifetime. Many studies were carried out to achieve the highest possible efficiency, decreasing certain losses by using different methods and materials. However, the local market in Pakistan is far behind in the field of efficient core material manufacturing of transformers, which is why consumers are unable to obtain efficient electric appliances. Due to these loss-making appliances, the overall residential load increases and the consumers are charged with heavy electricity bills. This proposed study discusses core losses, different core comparisons, T/F efficiency and advancement in the core material. To accomplish a core comparison, two locally available core materials are used to fabricate two different T/F, and some tests such as open-circuit and short-circuit tests are performed to discover their losses, thermal degradation, and output efficiencies.