Global High-Frequency Transformer market report 2024, Forecast To 2033
4 Mar, 2024
The high-frequency transformer market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to$2.11 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to electric vehicle industry growth, miniaturization trend, efficiency in power conversion, 5G technology adoption. The high-frequency transformer market size is expected to see strong growth in the next few years. It will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the need for high-efficiency power supplies, a role in IoT devices, demand for enhanced power conversion, miniaturization, and compact device requirements, telecommunications, and data center expansion. Major trends in the forecast period include AI-based solutions, renewable energy integration, telecommunications and data centers, miniaturization, and compact devices.
Global High-Frequency Transformer Market Key Driver
The growing demand for electric vehicles (EVs) is expected to propel the growth of the high-frequency transformer market. Electric vehicles are vehicles that consist of a motor which is powered by electricity stored in batteries. It operates on electric motors and charges its batteries with electricity instead which requires high-frequency transformers. The growing economy and rising standard of living have changed purchasing power. Additionally, with defense against COVID-19 and aspirations to achieve net-zero emissions, EV and hybrid vehicles are suddenly adopted. These adoptions also lead to an increase in production and demand for high-frequency transformers. High-frequency transformers are used to transfer electricity at a high frequency in EV chargers. For instance, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million, according to the Global EV Outlook 2022 report published in May 2022. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6,600,000 units from 2,980,000 units. Therefore, an increased demand for electric vehicles will drive the need for high-frequency transformers. According to the 2028 market size projections, the high-frequency transformer market is anticipated to witness significant expansion.
Get A Free Sample Of The Global High-Frequency Transformer Market ReportGlobal High-Frequency Transformer Market Segments
The global high-frequency transformer market covered in this report is segmented –
1) By Power Output: Up to 50W, 51- 100W, 101- 400W, 401W and Above
2) By Application: Power Supplies, Alternative Energy Inverters, Electronic Switching Devices, LED Lighting, Plasma Generation, Personal Electronics, Others Applications
3) By Vertical: Industrial, Automotive, Military and Defense, Radio Frequency and Telecommunications, Consumer Electronics, Transmission and Distribution, Healthcare
By Geography: The regions covered in the high-frequency transformer market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the high-frequency transformer market in 2023. The regions covered in the high-frequency transformer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major High-Frequency Transformer Industry Players
TDK Corporation, Murata Manufacturing Co. Ltd., Delta Electronics Inc., Vishay Intertechnology Inc., Würth Elektronik eiSos GmbH & Co. KG, Agile Magnetics, Tabuchi Electric Co. Ltd., TT Electronics PLC, ABC Taiwan Electronics, GCI Technologies, CTM Magnetics, Bel Fuse Inc., Furukawa Electric Co. Ltd., Dongguan Chipsen Electronics Technology Co. Ltd., Taiyo Yuden Co. Ltd., Coilcraft Inc., Sumida Corporation, Falco Electronics, Panasonic Corp., Samsung Electro-Mechanics, Bourns Inc., Hang Tung Ltd., Premier Magnetics Inc., Pulse Electronics Corporation, Precision Incorporated, Triad Magnetics, Johnson Electric Coil Company, Lenco Electronics Inc., General Transformer Corp., Altran Corp., Coiltronics, Datatronic Distribution Inc.
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High-Frequency Transformer Market Overview
High-frequency transformers are devices that are a component of switching power supply. These magnetic transformers are used in frequency conversion circuits to offer galvanic isolation and electrical power transfer.
High-Frequency Transformer Global Market Report 2023 provides data on the global high-frequency transformer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The high-frequency transformer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.