High Frequency Transformers Market Worth $ 2.3 Billion By 2026
CHICAGO, November 1, 2021 / PRNewswire / – According to new research report COVID-19 Impact Analysis High Frequency Transformers Market by Application (Power Supplies, AC Power Inverters, Electronic Switching Devices, LED Lighting, Personal Electronics), Power Output, Vertical & Region – Global Forecast to 2026 “, published by MarketsandMarkets â¢, the global market size for high frequency transformers is expected to increase from $ 1.7 billion in 2021 to $ 2.3 billion by 2026, at a CAGR of 6.1%. The growth of this market is mainly due to the increasing trend towards miniaturization of electronics and small form factor components in the consumer electronics and automotive verticals.
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Power Supply Application To Hold Largest High Frequency Transformer Market Share In 2021
Power supplies play a key role in all electronic devices, and the growing trend for component miniaturization is driving the demand for high frequency transformers in industrial and consumer markets. In this market, the High Frequency Switching Power Supply Transformer (SMPS) has facilitated the development of a large number of topologies to meet design requirements. Some of them are push-pull, buck, boost, and buck-boost flyback. The demand for switching power supply transformers is increasing dramatically due to their high performance and small size. They help to reduce the size and weight of electronic systems / devices used in various vertical industries.
Automotive sector to grow with highest CAGR in high frequency transformer market during forecast period
The automotive segment is expected to grow at the highest CAGR from 2021 to 2026 due to the increasing application of high frequency transformers in on-board and off-board chargers. Investments in electric vehicle charging infrastructure are steadily increasing in countries such as the United States, Germany, France, and China. The on-board and off-board chargers of electric vehicles are equipped with high-frequency transformers. In addition, these transformers are widely used in various systems of non-electric vehicles. APAC is expected to be the largest market for high frequency transformers for the automotive industry as demand for EV / HEV and on-board chargers and outboard charging stations increases dramatically in the region.
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High Frequency APAC Transformers Market Expected To Grow At Highest CAGR From 2021-2026
APAC is expected to hold the highest growth rate of the global high frequency transformer market during the forecast period. In the APAC region, the industrial sector is the biggest contributor to the growth of the high frequency transformer market. The region is one of the most important 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 center in the world, due to which the demand for high frequency transformers is high in the country. Growing investments in the industrial sector and increasing adoption of technologies such as IIoT, robotics and artificial intelligence to increase production and improve operational efficiency are driving the growth of APAC High Frequency Transformers market. The region is one of the most important markets for high frequency transformers due to the presence of some of the fastest growing economies and high investments in the industrial sector.
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. (United States) and WÃ¼rth Elektronik GmbH & Co. KG (Germany).
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