High-frequency transformer market to hit $3.54 B by 2032
The high-frequency transformer market is set to reach $3.54 B by 2032, driven by the growing demand for energy-efficient power solutions.
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According to the SNS Insider, the high-frequency transformer market size was $2.02 B in 2023 and is expected to reach &3.54 B by 2032, growing at a CAGR of 6.43 % over the forecast period of 2024-2032.
The high-frequency transformer market is expanding rapidly, driven by renewable energy adoption, electric vehicles growth, and advancements in energy-efficient power conversion. These transformers optimise power transmission in solar, wind, and grid applications. In India, where renewables will exceed 50 % of energy production by 2040, demand is surging. Similarly, North America and Europe’s rising EV adoption requires efficient transformers for charging infrastructure and powertrains. Governments are also investing in smart grids for better energy management. Innovations in transformer design, materials, and technology will further accelerate market growth globally.
Key players in this market are: TDK Corporation, Tabuchi Electric Co., Ltd., Taiyo Yuden Co. Ltd., Bel Fuse Inc., Murata Manufacturing Co., Ltd., Vishay Intertechnology, Inc., Coilcraft Inc. , GCI Technologies, Falco Electronics, Delta Electronics Inc., ABC Taiwan Electronics Corp., Sumida Corporation, Panasonic Corp., Samsung Electro-Mechanics, T Electronics plc, Würth Elektronik GmbH & Co. KG, Bourns, Inc., Infineon Technologies AG, Eaton Corporatio, Schaffner Holding AG.
Source: finance.yahoo.com
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