— David Correa
WILMINGTON, DELAWARE , UNITED STATES, September 29, 2023 /EINPresswire.com/ — Allied Market Research published a report on the High Frequency Transformer Market by Power Output, Application, and Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2031.
The global high frequency transformer market was valued at $1.9 billion in 2021 and is projected to reach $3.5 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031
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High frequency current transformers are enhanced magnetic transformers used in circuits with frequency conversion. Further, high-frequency transformer operates over a frequency of 50Hz or 60Hz, which is known as power frequency or lower frequency; 60Hz to 20kHz, which is known as intermediate frequency and 400Hz is the intermediate frequency, not the power frequency; and above 20kHz is known as the high frequency.
Growth in the global high frequency transformer market is majorly driven by the expanding renewable energy industry, coupled with the positive growth outlook of the automotive industry and growth in the adoption of electric vehicles. Further, growth in demand for consumer electronics and household appliances is anticipated to drive the growth of the high frequency transformer market. However, the increase in prices of raw materials used in the manufacturing of high-frequency transformers acts as a prime restraint on the global market.
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The competitive environment of the high frequency transformer industry is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, high frequency transformer market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Some of the major key players of the high frequency transformer industry include:
⦁ Bourns, Inc.
⦁ Sumida Corporation
⦁ Bel Fuse Inc.
⦁ Delta Electronics Inc.
⦁ Coilcraft Inc.
⦁ GCI technologies
⦁ Würth Elektronik GmbH & Co. KG
⦁ TDK Corporation
⦁ Falco Electronics
⦁ Panasonic Corp.
⦁ Tabuchi Electric Co. Ltd
High-frequency transformer technology is witnessing a significant rise in consumer electronics and automotive applications such as LED lights, power supplies, and EV solutions. Transformers are used to convert alternating current voltage to direct current voltage. In addition, the rise in demand for industrial 4.0 and intelligent infrastructure solutions in industrial, commercial, and manufacturing sectors has led to growth of the high-frequency transformer market.
The global high frequency transformer market is highly competitive, owing to the strong presence of existing vendors. High frequency transformer vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.
The rise in demand for consumer and industrial electronics application globally drives the need to enhance high frequency transformer solutions. Moreover, prime economics, such as the U.S., China, South Korea, and Japan plans to develop and deploy next-generation high frequency transformer-based applications across various sectors such as manufacturing sectors, which is anticipated to provide lucrative opportunities for market growth.
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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.
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