Press release
High-Frequency Transformer Market Analysis 2024: Global Insights, Industry Demand, Growth Trends, and Outlook Through 2033
High-Frequency Transformer Market
The Business Research Company presents an extensive market research report on the High-Frequency Transformer Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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..
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Key Market Players:
Major companies operating in the high-frequency transformer market report are 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.
Market Drivers:
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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https://www.thebusinessresearchcompany.com/report/high-frequency-transformer-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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