Increase in adoption of electric vehicles and positive growth of the automotive industry have boosted the growth of the global high-frequency transformer market.
PORTLAND, Ore., Aug. 22, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “High Frequency Transformer Market by Power Output (Up to 50W, 51 to100W, 101 to 400W, 401W and Above), by Application (Power Supplies, Alternative Energy Inverters, Electronic Switching Devices, LED Lighting, Plasma Generation, Personal Electronics, Others), by Vertical (Military and Defense, RF and Telecommunications, Manufacturing, Healthcare): Global Opportunity Analysis and Industry Forecast, 2021-2031″. As per the report, the global high-frequency transformer industry was accounted for $1.9 billion in 2021, and is expected to reach $3.5 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.
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Drivers, restraints, and opportunities
Increase in adoption of electric vehicles and positive growth of the automotive industry have boosted the growth of the global high-frequency transformer market. However, surge in prices of raw materials used in manufacturing of high-frequency transformers hinder the market growth. On the contrary, increase in demand for consumer electronics and household appliances would open new opportunities in the future.
Covid-19 scenario:
The Covid-19 pandemic significantly affected prime market players operating in the supply chain.
Lack of skilled workforce and delayed projected due to prolonged lockdown hampered the market growth.
On the other hand, increase in demand for power electronics solutions in industrial and consumer electronics sector has fueled the growth of the market.
Scope of the Report: –
|
Report Attribute |
Details |
|
Revenue forecast in 2030 |
$61.30 billion |
|
Growth rate |
CAGR of 3.8% from 2022 to 2031 |
|
Forecast period |
2022 – 2031 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, MEA |
|
Country scope |
U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia |
|
Key companies profiled |
Murata Manufacturing Co. Ltd., TDK Corporation., Delta Electronics Inc, Vishay Intertechnology, Inc, Würth Elektronik Gmbh & Co. KG, TT Electronics, Bel Fuse Inc, Samsung Electro-mechanics, Panasonic Corporation, Taiyo Yuden co., ltd., Tabuchi Electric co., Ltd, Bourns, Inc, Falco electronics, Coilcraft Inc, ABC Taiwan electronics Corp, GCI technologies, and Sumida Corporation Access Table PDF |
The 101 to 400W segment held the largest share
By power output, the 101 to 400W segment held the largest share in 2021, accounting for nearly two-fifths of the global high-frequency transformer market, due to rise in demand for alternative energy solutions across prime economies. However, the 401W and above segment is expected to register the highest CAGR of 8.09% during the forecast period, owing to rise in investments by prime players in the industry 4.0 solution.
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The power supplies segment dominated the market
By application, the power supplies segment held the lion’s share in 2021, contributing to more than one-fifths of the global high-frequency transformer market. In addition, the segment is estimated to manifest the highest CAGR of 8.1% from 2022 to 2031, due to growing trend of component miniaturization. The report includes analysis of other segments such as the alternative energy inverters, LED lighting, electronic switching devices, plasma generation, personal electronics, and others.
The healthcare segment to showcase the highest CAGR through 2031
By vertical, the healthcare segment is projected to manifest the highest CAGR of 8.95% during the forecast period, due to development and use of high-frequency transformers. However, the manufacturing segment dominated the market in 2021, accounting for more than two-thirds of the global high-frequency transformer market, owing to surge in demand for consumer electronics products and the rise in technological awareness.
Asia-Pacific held the largest share
By region, the global high-frequency transformer market across Asia-Pacific dominated in 2021, holding more than two-fifths of the market, due to surge in investment by prime players in consumer electronics and industrial electronics applications. However, the market across LAMEA is projected to portray the highest CAGR of 8.23% during the forecast period, owing to rising awareness about power supplies and LED lighting solutions.
Major market players
Murata Manufacturing Co. Ltd.
TDK Corporation
Delta Electronics Inc.
Vishay Intertechnology, Inc
Würth Elektronik Gmbh & Co. KG
TT Electronics
Bel Fuse Inc
Samsung Electro-mechanics
Panasonic Corporation
Taiyo Yuden co., ltd.
Tabuchi Electric co., Ltd.
Bourns, Inc.
Falco electronics
Coilcraft Inc
ABC Taiwan electronics Corp
GCI technologies
Sumida Corporation
The report analyzes these key players of the global high-frequency transformer market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the high frequency transformer market analysis from 2021 to 2031 to identify the prevailing high frequency transformer market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the high frequency transformer market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global high frequency transformer market forecast, key players, market segments, application areas, and market growth strategies.
Key Market Segments & Key Market Players
Power Output
101 to 400W
401W and Above
Up to 50W
51 to100W
Application
Power Supplies
Alternative Energy Inverters
Electronic Switching Devices
LED Lighting
Plasma Generation
Personal Electronics
Others
Vertical
Military and Defense
RF and Telecommunications
Manufacturing
Manufacturing
Electronics
Transmission and Distribution
Automotive
Healthcare
By Region
North America (U.S., Canada, Mexico)
Europe (United Kingdom, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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