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Home › Business ›High-Frequency Transformer Market to Reach $3.5 Bn, Globally, by 2031 at 6.7% CAGR: Report

High-Frequency Transformer Market to Reach $3.5 Bn, Globally, by 2031 at 6.7% CAGR: Report

As per the report, the global high-frequency transformer industry was accounted for $1.9 billion in 2021, and is expected to reach $3.5 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

August 22, 2022. By News Bureau

Allied Market Research recently published a report, titled, High Frequency Transformer Market by Power Output (Up to 50W, 51 to100W, 101 to 400W, 401W and Above), by Application (Power Supplies, Alternative Energy Inverters, Electronic Switching Devices, LED Lighting, Plasma Generation, Personal Electronics, Others), by Vertical (Military and Defense, RF and Telecommunications, Manufacturing, Healthcare): Global Opportunity Analysis and Industry Forecast, 2021-2031.

As per the report, the global high-frequency transformer industry was accounted for $1.9 billion in 2021, and is expected to reach $3.5 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

Increase in adoption of electric vehicles and positive growth of the automotive industry have boosted the growth of the global high-frequency transformer market.

However, surge in prices of raw materials used in manufacturing of high-frequency transformers hinder the market growth. On the contrary, increase in demand for consumer electronics and household appliances would open new opportunities in the future.

By region, the global high-frequency transformer market across Asia-Pacific dominated in 2021, holding more than two-fifths of the market, due to surge in investment by prime players in consumer electronics and industrial electronics applications.

However, the market across LAMEA is projected to portray the highest CAGR of 8.23% during the forecast period, owing to rising awareness about power supplies and LED lighting solutions.

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Allied Market Research