The growing IoT adoption, automation of factory processes, introduction of 5G technology, and cloud computing in various verticals are driving the global high frequency transformer market.
Covid-19 Impact & Market Status
Covid-19 led disruption has changed the approaches to software, hardware, and services. The key trends that have influenced the growth of global high-frequency transformer market in 2021 and beyond are rising in advanced high-frequency technologies, growing importance high frequency transformers in hybrid autos and other heavy duty applications, and other such factors. The key factors such as growing IIoT Adoption, introduction of automated systems in factories, 5G technology are influencing the growth of global high-frequency transformer market. Furthermore, technological advancements in blockchain technology, cloud computing are positively impacting the global high-frequency transformer market.
This report offers a comprehensive overview of the key elements of the market such as drivers, restraints, opportunities. Furthermore, current market size, growth rate estimates through the forecast span 2021-2028, individual sectors and sub-sectors, countries, and regions contributing majorly to the growth of global high-frequency transformer market are studied in the report. The report gives some recommendations and solutions that help market players take informed decisions in the global high-frequency transformer market.
The highest revenue segment will be high-frequency transformers for power supplies, followed by electronic switching devices
The global high-frequency transformer market is classified into power supplies, electronic switching devices, wind turbines, hybrid autos, braking systems, personal electronics, alternative energy inverters, plasma generation, electrostatic precipitators, and others on the basis of application. Among these, the power supplies segment gathered a remarkable market share of global high-frequency transformer market and is anticipated to witness fastest CAGR in the forecast years 2021-2028.
Automotive Industry Poised for Rapid Growth
The global high-frequency transformer market is classified into defense, manufacturing, IT, telecom, automotive, others on the basis of industry vertical. Among these, the automotive industry experienced rapid market growth owing to key factors such as growing integration of high frequency transformers in hybrid autos due to efficient power management.
North America will be followed by APAC in capturing the largest revenue streams
The major contributor to this market is APAC, which is followed by Europe and then North America. The existence of countries like China and India in Asia has increased demand for High-Frequency Transformer systems, thanks to their large subscriber bases and continuously altering regulatory and competitive landscapes.
The rising need of integrating circuits that allow renewable energy sources to produce usable power is improving the reliance on high frequency transformer furthering the development of global high frequency transformer market.
Owing to benefits such as cost saving, pure sine wave output, damage protection, more efficiency, tailor geometrics for various applications, high frequency transformers are experiencing rapid adoption as opposed to conventional transformers thus fostering remarkable progress in global high-frequency transformer market.
The factors such as steady stream of design innovation, manufacturers launching new product lines for providing enhanced performance, and advanced functionality, increasing demand for systems that provide optimal performance and value are driving the global high-frequency transformer market.
The market value of global high-frequency transformer market is expected reach nearby USD 2.3 billion by 2028 with an annualized growth rate of 6.1% through the forecast span 2021-2028.
These transformers are built to safely and accurately handle up to 15,000 volts, transforming high voltage and current levels between coils using magnetic induction. Power supply, lasers, and particle accelerators are just a few of the applications for high voltage, high frequency transformers. Electric compressors, DC-DC converters, LED lighting and many automotive systems require high frequency transformer.
Machine tending, welding, cutting, grinding, soldering, and assembling are all applications where robots are used, and the industrial robotics industry has seen remarkable growth in recent years.
Also, there are various advantages of high frequency transformers. These are light-weight, compact in size, inclusive of high density. Furthermore, steady stream of design innovation, manufacturers launching new product lines for providing enhanced performance, and advanced functionality, increasing demand for systems that provide optimal performance and value is anticipated to be growth opportunity to the global high-frequency transformer market.
The major players in Global High-frequency transformer market are Payton Planar Magnetics, Agile Magnetics, Würth Elektronik, Vishay Intertechnology, Delta Electronics, TDK Corporation, and Murata Manufacturing among others.
Latest Innovations in the High-Frequency Transformer Market: a Snapshot
- Delta plans to buy March Networks, a global video surveillance provider, in January 2021 to boost its building automation products.
High-Frequency Transformer Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 2.3 billion|
|Growth Rate||CAGR of 6.1 % during 2021-2028|
|Segment Covered||Industry Vertical, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Payton Planar Magnetics, Agile Magnetics, Würth Elektronik, Vishay Intertechnology, Delta Electronics, TDK Corporation, and Murata Manufacturing among others.|
Key Segments of the Global High-Frequency Transformer Market
Application Overview, 2018-2028 (USD Billion)
- Wind turbines
- Hybrid autos
- Braking systems
- Electrostatic precipitators
- Personal electronics
- Alternative energy inverters
- Plasma generation
Industry Vertical Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa