The High-Frequency Transformer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s High-Frequency Transformer Global Market Report 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 need for high-efficiency power supplies, 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.
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 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, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, an increased demand for electric vehicles will drive the need for high-frequency transformers.
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The 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
Product innovations have emerged as a key trend gaining popularity in the high-frequency transformer market. Electronic device development progresses the industry demand for transformers. Major companies operating in the market are focused on innovating new products to strengthen their market position. For Instance, in February 2021, TDK Corporation, a Japan-based manufacturer of electronic components and recording and data-storage media, launched a new line of insulated SMT transformers designed for use in various DC/DC converter topologies and gate driver circuits in e-mobility and industrial electronics. The series has four versions, each having a working voltage of 500 VRMS and reinforced insulation of 300 VRMS. Depending on the model, the turns ratio ranges between 1:0.76 and 4:1
The high-frequency transformer market report table of contents includes:
1. Executive Summary
2. High-Frequency Transformer Market Characteristics
3. High-Frequency Transformer Market Trends And Strategies
4. High-Frequency Transformer Market – Macro Economic Scenario
5. Global High-Frequency Transformer Market Size and Growth
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26. South America High-Frequency Transformer Market
27. Brazil High-Frequency Transformer Market
28. Middle East High-Frequency Transformer Market
29. Africa High-Frequency Transformer Market
30. High-Frequency Transformer Market Competitive Landscape And Company Profiles
Top Major Players:
- TDK Corporation
- Murata Manufacturing Co. Ltd
- Delta Electronics Inc.
- Vishay Intertechnology Inc
- Würth Elektronik eiSos GmbH & Co. KG
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