Global Toroidal Transformers Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Product Type Coverage, By Rating Coverage, By Application Coverage, By Geographic Coverage and By Company)
Published Date: Nov 2023 |
Format:
| No. of Pages: 214
Industry: Energy & Natural Resources | Author Name: Harshad
The global toroidal transformers market size is presently around US$673.6 Mn as of 2022, and will be experiencing approximately 5.9% CAGR through the end of 2030.
Asia Pacific is dominant in the toroidal transformers market, majorly on account of the region's growing adoption of toroidal transformers in a variety of consumer electronics, including high-end audio equipment, and home automation systems. Besides, North America will be the fastest-growing one because of the growing smart grid applications.
The primary factor projected to drive the revenue growth of the toroidal transformers market is increasing demand for energy efficiency, rising demand for renewable energy, and increasing demand for the electronics industry.
The power transformers category leads by the type of product, whereas the above 3000VA rating represents the dominant rating-wise segment of the toroidal transformers market.
ABB Ltd., Lintron Electronics Ltd., Abracon, Hammond Manufacturing Ltd., Schuntermann GmbH, Shilchar Technologies Ltd., and Triad Magneticsin include some of the biggest names in the global toroidal transformers market.
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