Power Frequency Transformer Research:CAGR of 6.5% during the forecast period

Power Frequency Transformer Market Summary

A power frequency transformer is a transformer that works at the standard grid frequency (usually 50 Hz or 60 Hz). It is mainly used to convert the high voltage electricity of the grid into low voltage electricity to meet the power demand of equipment and loads. Power frequency transformers are widely used in industrial, construction, household appliances and other scenarios.

The power frequency transformer transmits energy by electromagnetic induction. It usually consists of a primary winding and one or more secondary windings. When the AC current passes through the primary winding, an alternating magnetic field is generated in the iron core. This magnetic field induces an electromotive force in the secondary winding, thereby realizing voltage conversion.

The main features of the power frequency transformer are:

Iron core: The iron core of the power frequency transformer is usually made of silicon steel sheets stacked to reduce iron loss (i.e. hysteresis loss and eddy current loss).

High efficiency: Due to the operation at a lower frequency (50/60 Hz), the power frequency transformer can be designed into an efficient and low-noise structure.

Voltage stability: The power frequency transformer has good voltage stability performance and can output stably when the voltage fluctuation is not large.

Stable structure: It is suitable for long-term continuous operation and has high durability, especially in industrial and construction applications.

Large size and weight: Due to the low frequency, larger core and winding are required, so power frequency transformers are usually bulky.

 

With the rapid development of downstream applications such as wind power photovoltaic, UPS and robotics in recent years, power frequency transformers have become one of the important components of voltage stabilizers, power drives and isolation in these industries. The global demand for power frequency transformers has grown rapidly; however, with the slowdown in the growth of downstream industries in the future and the increase in uncertainty in the global economy in the future, the growth of power frequency transformers will also slow down in the future.

From a regional perspective, the Chinese market has changed rapidly in the past few years. The market size in 2023 is US$360 million, accounting for 38.72% of the world. It is expected to reach US$453 million in 2030, and the global share will reach 39.19%.

China has an advantageous position in the production and sales of power frequency transformers. In terms of production, based on the downstream demand of the power industry and the home appliance industry, China's power frequency transformer industry has developed rapidly, and a large number of excellent companies have emerged, and gradually exported products to other countries. In terms of sales, thanks to China's full range of industrial products and the world's largest industry, China's power frequency transformers are in high demand.

From the perspective of product type and technology, the toroidal transformer market size reached US$381 million in 2023 and is expected to reach US$455 million in 2030, with a compound annual growth rate (CAGR) of 3.87%.

EI transformers have good voltage isolation and impact resistance, stable structure, high durability, and are easy to manufacture on a large scale. And compared with other power frequency transformers, the cost is lower and more favored by the downstream market.

From the perspective of product market application, the market size of electronics and household appliances reached US$127 million in 2023 and is expected to reach US$137 million in 2030, with a compound annual growth rate (CAGR) of 2.00%.

At present, the world's major manufacturers include Noratel, Hefei Bowei Tiancun Electric Co., Ltd., Dezhou Sanhe Electric Co., Ltd., Hammond Manufacturing and Guangdong Xinsheng Electric Technology Co., Ltd., etc. In 2023, the top three manufacturers accounted for more than 28.07%, and it is expected that the industry competition will be more intense in the next few years, especially in the Chinese market.

According to the new market research report “Global Power Frequency Transformer Market Report 2024-2030”, published by QYResearch, the global Power Frequency Transformer market size is projected to reach USD 1.16 billion by 2030, at a CAGR of 6.5% during the forecast period.

• Global Power Frequency Transformer MarketSize(US$ Million), 2019-2030

 

Above data is based on report from QYResearch: Global Power Frequency Transformer Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

• Global Power Frequency Transformer Top21Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

 

Above data is based on report from QYResearch: Global Power Frequency Transformer Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Power Frequency Transformer include Noratel, HEFEI ECRIEE-TAMURA ELECTRIC, Dezhou Sanhe Electric, Hammond Manufacturing, UANGDONG NRE Technology, Hubbell, ZCET, Shenzhen Click Technology, Eaglerise Electric & Electronic, Hangzhou Nanhua Automobile Fittings, etc. In 2023, the global top 10 players had a share approximately 52.0% in terms of revenue.

• Power Frequency Transformer,Global Market Size, Split by Product Segment

 

Based on or includes research from QYResearch: Global Power Frequency Transformer Market Report 2024-2030.

In terms of product type, currently EI Transformer is the largest segment, hold a share of 40.9%.

In terms of product application, currently Electronics and Home Appliances is the largest segment, hold a share of 13.7%.

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