PCB Transformers market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 8.7% from 2020 to 2026.
Transformers function as current regulators to reduce or increase the voltage of alternating currents in a variety of machinery. PCB (printed circuit board) transformers are designed to work with printed circuit boards, which offer a compact and convenient way to connect electric components. The PCB transformer sits above the surface of the board, where it controls the voltage or current transitioning through the board. PCB transformers are used mainly in manufacturing processes where current regulation is needed. They're also used in computer hardware applications and consumer devices to protect them from power surges.
PCB transformers can be recognized by their mounting capabilities. There are two types of PCB transformer surface mounted or through-hole mounted. Through-hole mounted transformers have connectors or pins that can pierce through the board. They are generally used in multilayered printed circuit boards. Surface-mounted transformers do not penetrate into the board itself and are therefore very compact, which makes them a popular choice for many applications.
Global PCB Transformers Market Dynamics:
Favorable government policies for large scale integration and attention towards renewable energy sources to drive PCB Transformers
Attention towards renewable energy sources, rising modernization has led to increasing electrification especially in developing countries as a result many governments are taking initiatives to replace traditional electrification system by modern grid system which is supported by favorable government regulations for large scale integration is propelling the market growth during the forecast period. Rising implementation of smart grid technology, are expected to propel the transformer industry forward significantly. New infrastructure, as well as the need for grid infrastructure repair seems to have a strong impact on the market, and it is projected that the industry will continue to grow, fueled by sustainable energy networks and increasing customer demand for smart monitoring devices.
Demand for pad-mounted transformers is fueled by the following growth in renewable energy as well as global awareness and interest in clean and green energy. Another potential opportunity for this industry is to maintain the stability of current grid infrastructure and improve grid reliability. In the coming years, the transformer market outlook is further improved by the deployment of self-sustaining power networks on a broad scale to assure a stable power supply. Increased investment in electrical infrastructure development will also have a significant and accelerated impact on overall transformers market conditions growth. However, the market may slow down by technical complexity to impede the adoption rate of PCB Transformers.
The report has profiled twenty five key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on PCB Transformers demand are covered in the report.
Global PCB Transformers Market Segment Analysis
Global PCB Transformers Market
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The Consumer electronics segment is expected grow at a CAGR of xx% during the forecast period.
Based on the End User, in 2019, the Consumer electronics segment has a market share of xx percent, and it is expected to hit USD$ XX Mn by 2026. Indian appliance and consumer electronics (ACE) market reached Rs. 76,400 crore (US$ 10.93 billion) in 2019. Appliances and consumer electronics industry is expected to double to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025. According to the Retailers Association of India (RAI), sales of consumer electronics increased by 2% in September 2020 and 8% in October 2020, as compared with the same months in the last year. During the forecast period, the global transformer industry trends are fueled by the increasing usages and production of renewable resources, new power production projects, and ageing electrical equipment infrastructure.
Global PCB Transformers Market Regional Insights:
Global PCB Transformers Market Regional InsightsNorth American to witness high market growth rate and is expected to grow at a CAGR of xx% by 2026
The North American market for PCB Transformers is expected to rise at a faster pace than the rest of the world by 2026. Dynamic growth patterns in the global real estate sector, as well as the urge for global industrialization and commercialization, are all key growth potential for the PCB transformer market value. During the forecast period, the market will be boosted by an upward trend in infrastructure development, fueled by an ever-increasing intake of large investments from both the private and public sectors.
The market growth in the Asia-Pacific region is projected to rise at the fastest rates in terms of revenue. Countries like China and India. On November 11, 2020, Union Cabinet approved the Production-Linked Incentive (PLI) scheme in 10 key sectors (including electronics and white goods) to boost India’s manufacturing capabilities, exports and promote the ‘Atmanirbhar Bharat’ initiative. Growing awareness, easier access, and changing lifestyles have been the key growth drivers for the consumer market. The government of India's policies and regulatory frameworks, such as relaxation of license rules and approval of 51% Foreign Direct Investment (FDI) in multi-brand and 100% in single-brand retail, are some of the major growth drivers for the consumer market. According to the Department for Promotion of Industry and Internal Trade (DPIIT), between April 2000 to September 2020, FDI inflow in the electronics sector stood at US$ 2.94 billion.
The objective of the report is to present a comprehensive analysis of the global PCB Transformers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global PCB Transformers market dynamics, structure by analyzing the market segments and project the global PCB Transformers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global PCB Transformers market make the report investor’s guide.
Covid-19 Impact:
COVID-19 Impact on the global PCB Transformers market
COVID-19 was an unanticipated huge disaster for the general population and global economies. In the year 2020, the entire globe came to a halt, and every industry suffered. The worldwide PCB transformer business was also harmed by supply chain disruptions and manpower shortages. As enterprises in these commercial facilities fight to maintain operational stability in the face of project delays, this sector is known to overcome its obstacles and expand significantly during the forecast period. The increased electricity consumption from the hospitality and healthcare sectors would be a major element in these conditions.
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Global PCB Transformers Market Scope: Inquire before buying
Global PCB Transformers Market
Global PCB Transformers Market, by Region
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Global PCB Transformers Market Key Players
• Myrra
• Block
• RS Pro
• Hammond
• TE Connectivity
• Triad Magnetics
• RS Components
• CoilCraft
• Murata Manufacturing Co.
• TDK Corporation
• MACOM
• Wurth Electronic Group
• Standex Meder Electronics
• Hammond
• Triad Magnetics
• Vishay
• TT Electronics PLC
• Other key players
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