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High-Frequency Transformer Market Analysis, Growth Rate, Industry Analysis 2033
High-Frequency Transformer Market Analysis
As per the report, 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 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%.
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Electric Vehicle Surge Propels Growth In High-Frequency Transformer Market
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.
Innovative Product Developments Drive Growth In The High-Frequency Transformer Market
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 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
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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.
Contents of the report:
1. Executive Summary
2. High-Frequency Transformer Market Report Structure
3. High-Frequency Transformer Market Trends And Strategies
4. High-Frequency Transformer Market - Macro Economic Scenario
5. High-Frequency Transformer Market Size And Growth
…..
27. High-Frequency Transformer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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