According to
the new research report "High-Frequency
Transformer Market with COVID-19 Impact Analysis By Application (Power
Supplies, Alternative Energy Inverters, Electronic Switching Devices, LED
Lighting, Personal Electronics), Power Output, Vertical, and Region - Global
Forecast to 2026" published by MarketsandMarkets, the global
high-frequency transformer market size is expected to grow from USD 1.7 billion
in 2021 to USD 2.3 billion by 2026, at a CAGR of 6.1%. The growth of this
market is driven mainly by the rising trend of miniaturization of electronics
and small form factor components in the consumer electronics and automotive
verticals.
Power supplies application to hold
the largest share of the high-frequency transformer market in 2021
The power
supplies play a key role in all electronic devices, and the growing trend of
component miniaturization is driving the demand for high-frequency transformers
in both industrial and consumer markets. In this market, the switched mode
power supply (SMPS) high-frequency transformer has facilitated the development
of a large number of topologies to meet the design requirements. Some of these
are push-pull, buck, boost, and buck-boost flyback. The demand for switched
mode power supply transformers is increasing significantly due to their high
performance and small size. They help to reduce the size and weight of
electronic systems/devices used in various verticals.
Automotive vertical to grow with the
highest CAGR in the high-frequency transformer market during the forecast
period
The automotive segment is projected
to grow at the highest CAGR from 2021 to 2026 due to the increasing application
of high-frequency transformers in onboard and off-board chargers. Investments
in electric vehicle charging infrastructure are consistently growing across
countries such as the US, Germany, France, and China. The on-board and
off-board chargers of electric vehicles are equipped with high-frequency
transformers. Besides, these transformers are widely used in different systems
of non-electric vehicles. APAC is expected to be the largest high-frequency
transformer market for the automotive vertical as the demand for EVs/HEVs and
on-board chargers and off-board charging stations is increasing significantly
in the region.
The high-frequency transformer market
in APAC is expected to grow at the highest CAGR from 2021 to 2026
APAC is expected to hold the largest
growth rate of the global high-frequency transformer market during the forecast
period. In the APAC region, the industrial sector is the largest contributor to
the growth of the high-frequency transformer market. The region is one of the
most prominent markets for high-frequency transformers due to the presence of
some of the fastest-growing economies and high investments in the industrial
sector. China is the largest manufacturing hub in the world owing to which the
demand for high-frequency transformers is high in the country. The increasing
investments in the industrial sector and growing adoption of technologies such
as IIoT, robotics, and artificial intelligence for increasing production and
enhancing operational efficiency are driving the growth of the APAC
high-frequency transformer market. The region is one of the most prominent
market for high-frequency transformers due to the presence of some of the
fastest-growing economies and high investments in the industrial sector.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156462972
Major companies operating in this
high-frequency transformer market include TDK Corporation (Japan), Murata
Manufacturing Co. Ltd. (Japan), Delta Electronics Inc. (Taiwan), Vishay
Intertechnology, Inc. (US), and Würth Elektronik GmbH & Co. KG (Germany).
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