DUBLIN--(BUSINESS WIRE)--The "Global 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 - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

        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 the 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.

        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