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 major factor fueling the demand for high-frequency transformers is the growing adoption of advanced technologies such as IIoT, factory automation, 5G, and cloud computing in consumer electronics, automotive, manufacturing, IT & telecommunications, and military & defense verticals. The rising trend of miniaturization of electronics and small form factor components in the consumer electronics and automotive verticals are projected to drive the growth of the high-frequency transformer market from 2021 to 2026.
Companies Mentioned: ABC Taiwan Electronics Corp., Able Coil & Electronics Company, Inc., Agile Magnetics, Inc., AVX Corporation, Bel Fuse Inc., Bourns, Inc., Coilcraft Inc., Coilmaster Electronics Co. Ltd., CTM Magnetics, Delta Electronics Inc., Falco Electronics, GCI Technologies, GEI Inc., GT Electronic India Pvt. Ltd., Ice Components, Inc., Kuk Wijdeven, L/C Magnetics, Marque Magnetics, Murata Manufacturing Co. Ltd., Panasonic Corporation, Pulse Electronics, Samsung Electro-Mechanics, Sumida Corporation, Tabuchi Electric Co. Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, TT Electronics, Vishay Intertechnology, Inc., Wurth Elektronik GmbH & Co. KG, Yuan Dean Scientific Co. Ltd.,
Industrial vertical to dominate the high-frequency transformer market in 2021
With the growing adoption of various technologies in the industrial sector for advanced control and automation, the demand for high-frequency transformers is also expected to rise at a significant pace. High-frequency transformers find applications in motor drives, inverters, robotics, battery chargers, UPS, and other industrial equipment. The industrial robotics industry has been growing at an impressive rate in the past few years, with robots being used for applications such as machine tending, welding, cutting, grinding, soldering, and assembly. Automotive and electronics are the two major end-user industries of industrial robots, such as stand-alone robots, collaborative robots, and mobile robots.
Power supplies to hold the largest market share of the high-frequency transformer market during the forecast period
The power supplies segment is expected to hold the largest share of the high-frequency transformer market from 2021 to 2026. 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. The high-frequency transformers operate between 20 kHz and 1 MHz; the higher the frequency, the smaller the transformer size. In this segment the demand for switch-mode power supply (SMPS) high-frequency transformers due to their high efficiency in power management RF circuits and power sourcing applications is expected to drive the growth of this segment.
Market in APAC to grow at highest CAGR during the forecast period
APAC is expected to hold the largest growth rate of the global high-frequency transformer market during the forecast period. China is the largest manufacturing hub in the world owing to which the demand for high-frequency transformers is high in the country. China is one of the fastest-growing economies in the world, with its flourishing automotive and manufacturing verticals. The adoption of industrial automation in China is increasing at a rapid pace owing to its expanding industrial sector and rising per capita income. This is leading to an increase in the adoption of advanced manufacturing technologies and the subsequent requirement for high-frequency transformers.
Market Dynamics
Drivers
- Positive Growth Outlook of Automotive Industry and Growth in Adoption of Electric Vehicles
- Expanding Renewable Energy Industry
- Growing Demand for Consumer Electronics and Household Appliances
Restraints
- Increasing Prices of Raw Materials Used in Manufacturing of High-Frequency Transformers
Opportunities
- Rising Trend of Automation and Adoption of Advanced Technologies in Industrial Sector
- Growing Demand for Customized High-Frequency Transformers in Critical Industries
Challenges
- Trade-Off Between Small Form Factor and Skin and Proximity Effects
