High-Frequency Transformer Global Market Report 2024

The global high-frequency transformer market has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.11 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to electric vehicle industry growth, miniaturization trend, efficiency in power conversion, and 5G technology adoption.

The global high-frequency transformer market is expected to see strong growth in the next few years. It will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The projected growth in the forecast period can be attributed to the increasing demand for high-efficiency power supplies, the integral role in Internet of Things (IoT) devices, the need for enhanced power conversion, requirements for miniaturization and compact devices, and the expanding telecommunications and data center sectors. Major trends expected in this period include the adoption of artificial intelligence (AI)-based solutions, the integration of renewable energy sources, the growth of telecommunications and data centers, and ongoing efforts toward miniaturization and compact device designs.

The high-frequency transformer market is experiencing significant growth driven by the increasing demand for electric vehicles (EVs). Electric vehicles, powered by electricity stored in batteries, rely on electric motors charged with high-frequency transformers. With a surge in EV adoption due to factors such as the defense against COVID-19 and the global push for net-zero emissions, the production and demand for high-frequency transformers have witnessed a notable uptick. The Global EV Outlook 2022 report revealed a doubling of EV sales to 6.6 million units in 2021, emphasizing the pivotal role of high-frequency transformers in supporting the growing EV ecosystem.

The high-frequency transformer market is poised for growth owing to the increasing deployment of renewable energy systems. These systems, designed to convert renewable resources into electricity, utilize high-frequency transformers to convert electricity at varying frequencies. The International Renewable Energy Agency (IRENA) reported a substantial increase in global renewable generation capacity, reaching 3372 GW in 2022. SolarPower Europe's data indicated a 19% rise in global new solar PV installations, reaching 200 GW in 2022. The growing adoption of renewable energy systems underscores the crucial role high-frequency transformers play in facilitating the efficient conversion of energy.

Product innovation is a key trend shaping the high-frequency transformer market as major companies focus on developing advanced solutions. TDK Corporation's introduction of a new line of insulated SMT transformers illustrates this trend. Specifically designed for use in various DC/DC converter topologies and gate driver circuits in e-mobility and industrial electronics, these transformers showcase the industry's commitment to innovation and addressing evolving electronic device requirements. This emphasis on product innovation is pivotal for companies aiming to strengthen their market position.

Major companies in the high-frequency transformer market are strategically developing high-efficiency planar transformers to gain a competitive edge. Unlike traditional wound transformers, high-efficiency planar transformers use a flat planar core, offering higher efficiency and power density, especially in high-frequency applications. Bourns Inc.'s launch of the PLN0xx-ED21 Series planar transformers exemplifies this trend. With low leakage inductance and enhanced efficiency, these transformers cater to applications requiring high volumetric power density in a low-height profile design. The focus on developing innovative products like high-efficiency planar transformers reflects the industry's commitment to meeting the evolving needs of high-frequency applications.

In March 2022, Spang Engineered Solutions (SES), a US-based company specializing in the design and manufacturing of inductors and transformers, successfully acquired Wirebenders, Inc for an undisclosed amount. This strategic acquisition is aimed at expanding SES's market presence, particularly in the aerospace and defense industries. Wirebenders, Inc., also based in the US, is recognized for manufacturing small transformers, high-frequency transformers, and inductors, including coaxial cable assemblies, catering to aerospace, defense, and medical sectors.

Major companies operating in the high-frequency transformer market report are TDK Corporation, Murata Manufacturing Co. Ltd., Delta Electronics Inc., Vishay Intertechnology Inc., Würth Elektronik eiSos GmbH & Co. KG, Agile Magnetics, Tabuchi Electric Co. Ltd., TT Electronics PLC, ABC Taiwan Electronics, GCI Technologies, CTM Magnetics, Bel Fuse Inc., Furukawa Electric Co. Ltd., Dongguan Chipsen Electronics Technology Co. Ltd., Taiyo Yuden Co. Ltd., Coilcraft Inc., Sumida Corporation, Falco Electronics, Panasonic Corp., Samsung Electro-Mechanics, Bourns Inc., Hang Tung Ltd., Premier Magnetics Inc., Pulse Electronics Corporation, Precision Incorporated, Triad Magnetics, Johnson Electric Coil Company, Lenco Electronics Inc., General Transformer Corp., Altran Corp., Coiltronics, and Datatronic Distribution Inc.

Asia-Pacific was the largest region in the high-frequency transformer market in 2023. The regions covered in the high-frequency transformer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high-frequency transformer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main power output in high-frequency transformer is up to 50w, 51- 100w, 101- 400w, and 401w and above. Up to 50W' for high-frequency transformers signify their power capacity and the unit of power is measured in watts. In this context, it indicates that these transformers are designed to handle power levels up to 50 watts. The watt is a unit of power, and when specifying the power range of a transformer, it helps convey its capability to manage electrical power within that defined limit. These are applied in power supplies, alternative energy inverters, electronic switching devices, LED lighting, plasma generation, personal electronics, and others, which are used in verticals such as industrial, automotive, military and defense, radio frequency and telecommunications, consumer electronics, transmission and distribution, and healthcare.

This report provides high-frequency transformer market statistics, including high-frequency transformer industry global market size, regional shares, competitors with a high-frequency transformer market share, detailed high-frequency transformer market segments, market trends and opportunities, and any further data you may need to thrive in the high-frequency transformer industry. This high-frequency transformer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The high-frequency transformers market consists of sales of diode, ferrite cores, coils, power switches, high-frequency inverters, and welding machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.