Toroidal Transformers Market

Global Toroidal Transformers Market Forecast  

• The approximately US$673.6 Mn market for toroidal transformers (2022) to reach a valuation of US$1,065.5 Mn by the end of 2030 
• Toroidal transformers market size to witness a CAGR of 5.9% during 2023 - 2030 

Quick Report Digest 

1. The key trend anticipated to drive the toroidal transformers market growth is an increasing demand for digitalisation and smart grids. Furthermore, transformers that can deliver clean and reliable power to delicate electronic components are increasingly necessary as a result of the integration of digital technologies and the creation of smart grids. Due to its low electromagnetic interference, toroidal transformers are appropriate for various applications. 
2. Another major market trend expected to drive the toroidal transformers market growth is the rapidly expanding customisation and versatility. Toroidal transformers offer better versatility for a variety of applications because they are being developed and produced to satisfy precise voltage, current, and impedance requirements. To meet specific customer needs, more and more customised toroidal transformers are being made. 
3. Toroidal transformers have challenges with other transformer configurations, such as ferrite core and EI core transformers. These options might be less expensive in some circumstances, notably those requiring standardisation and mass production. 
4. In 2022, the power transformers category dominated the industry. Toroidal transformers are adaptable for usage in both low-frequency and high-frequency applications because they can function well over a broad frequency range. 
5. In 2022, the above 3000VA category dominated the industry. Toroidal transformers above 3000VA are used in Industrial machinery and equipment. 
6. The electric appliances category is expected to experience the fastest growth within the forecast time frame. Some high-end television sets use toroidal transformers to power multiple parts, such as display panels, audio systems, and communication modules. 
7. Asia Pacific is expected to dominate the toroidal transformers market during the forecast period. Due to the region's expanding middle class, toroidal transformers are utilised in a variety of consumer electronics, including high-end audio equipment and home automation systems. 
8. North America is expected to be the fastest-growing toroidal transformers market region. Toroidal transformers are suitable for smart grid applications, enhancing the efficiency and dependability of the system. 

A Look Back and a Look Forward - Comparative Analysis 

Power electronics parts like inverters and converters are used in the electrification of automobiles. These parts must have toroidal transformers to ensure effective power conversion and control for electric propulsion systems.  

Many auxiliary systems in electric and hybrid vehicles, like power steering and HVAC (heating, ventilation, and air conditioning), demand dependable power sources. Toroidal transformers assist in ensuring a steady power supply to these systems. 

The market witnessed staggered growth during the historical period 2018 - 2022. Telecommunications businesses have increased their focus on energy conservation in an effort to reduce operational costs and their detrimental effects on the environment.  

Toroidal transformers have proven to be more energy-efficient than traditional lamination transformers, helping telecommunications companies meet their sustainability goals. Power equipment, which frequently featured toroidal transformers for power supply and signal processing, was required for the implementation of fiber optic networks for high-speed data transmission. 

Data centers and cloud services are increasingly in demand. To provide dependable and clean power distribution, toroidal transformers will be utilised in data center power supply and uninterruptible power supplies (UPS) in the coming years.  

Additionally, IoT devices are increasing across a number of businesses. IoT devices that require power-efficient solutions with little electromagnetic interference can make use of toroidal transformers.  

Furthermore, Advanced telecommunications hardware that can handle increased data rates and low latency is needed for the implementation of 5G networks. In 5G base stations and networking hardware, toroidal transformers are used during the next five years. 

Key Growth Determinants  

• Growing Globa Emphasis on Energy Efficiency  

Toroidal Transformers are known for their excellent energy effectiveness. Compared to other transformer types, they have smaller core losses and less EM interference. They are thus the perfect option for applications where energy efficiency is a top concern.  

Strict energy efficiency guidelines and requirements for electronic and electrical equipment have been adopted in many locations. Manufacturers are more likely to use toroidal transformers because they assist in meeting these requirements.  

Reduced electricity consumption from energy-efficient transformers will eventually save end customers money. Toroidal transformers are preferred in a variety of applications due to their affordability. 

• Pacing Growth of Renewables Sector 

Electricity is produced under varying voltage and current circumstances by renewable energy sources like solar panels and wind turbines. Toroidal transformers effectively transform this fluctuating AC power into a steady output that can be used for grid integration or storage.  

Transformers are necessary for solar photovoltaic (PV) systems' DC-to-AC conversion and grid connection. Due to its great efficiency and capacity to manage the erratic nature of solar power output, toroidal transformers are frequently used. 

Blade rotation, which produces electricity through wind turbines, causes a variable power output. Toroidal transformers are essential for assuring the grid compatibility and stability of the electrical work. 

• Increasing Demand from Electronics Industry  

Transformers are necessary for power supply and voltage conversion in the plethora of consumer electronic products, such as televisions, audio systems, gaming consoles, and home automation systems. Because of its small size, great efficiency, and capacity to handle a range of loads, toroidal transformers are favoured.  

Electronics are used extensively in the industrial sector, from manufacturing tools to control systems. Toroidal transformers are utilised to supply these vital parts with dependable, clean power, enhancing the effectiveness and dependability of industrial processes.  

Toroidal transformers are frequently used in high-end audio systems, amplifiers, and recording equipment to supply clean, noise-free power to audio components, enhancing sound quality. 

Major Growth Barriers 

• High Manufacturing Costs  

Toroidal transformers are more expensive than some other types of transformers, including EI core transformers, because of the precision engineering and labour-intensive manufacturing process needed. This may reduce their cost-effectiveness, especially in applications where spending limits are a top priority.  

Customers frequently place a higher importance on cost savings than the unique benefits that toroidal transformers provide, especially in price-sensitive industries. As a result, even though toroidal transformers would offer higher performance and efficiency, they can choose less expensive options. 

• Limited Power Handling Capacity  

Toroidal transformers are primarily made for low- to medium-power applications. They are less suitable for high-power industrial or utility-scale applications because of their low power handling capacity, which necessitates the use of larger transformers with higher power ratings.  

Multiple toroidal transformers may need to be set up in parallel in particular circumstances where a higher power handling capacity is required. Because of the complexity this adds to the system design and installation, users looking for a simpler solution may find it less appealing. 

Key Trends and Opportunities to Look at  

1. Increased Demand for Miniaturisation 

Toroidal transformers are renowned for their small size and effective use of space. Toroidal transformers are a great option for applications where the area is limited because of the size advantage they have over other types of transformers as electronic gadgets get smaller and more portable.  

Smaller and more effective power transformers are required by goods like smartphones, tablets, and wearable electronics, which is where miniaturisation is most noticeable in the consumer electronics industry. Due to its capacity to give excellent performance in a small shape, toroidal transformers are preferred for various applications. 

    2. Expanding EV Infrastructure 

The demand for EV charging infrastructure that is efficient and dependable grows along with the electric vehicle market. In order to ensure safe and effective charging, toroidal transformers are essential for AC-to-DC conversion and voltage transformation in EV chargers.  

The condition of the battery packs in electric vehicles is monitored and managed by highly technical battery management systems. In BMS applications, toroidal transformers are utilised to supply isolated power supplies and signal conditioning, assisting in the safe and effective running of EVs. 

   3. Growing Industrial Automation and Robotics 

Robots are essential in the automation of production processes across industries. Toroidal transformers are highly adapted to offer clean and steady power, ensuring the effective functioning of industrial robots. These robots need precise and dependable power supply systems.  

Industrial automation depends on complex control systems, which need responsible power sources. Control systems can get accurate and reliable power from toroidal transformers, ensuring proper and quick operation. 

How Does the Regulatory Scenario Shape this Industry?  

Over the last three years, the market for Toroidal Transformers has been subject to a number of regulatory frameworks and standards that guarantee the transformers' performance, effectiveness, and safety. Power transformers are included in the list of electrical and electronic technologies for which the International Electrotechnical Commission (IEC) develops and publishes worldwide standards.  

Widely used International Electrotechnical Commission (IEC) standards, including IEC 61558 for power transformer safety, have an impact on the development, production, and certification of Toroidal Transformers. The Conformité Européene (CE) marking is a requirement in Europe for goods covered by EU directives.  

Before being sold in Europe, Toroidal Transformers must abide by all applicable EU regulations and standards, including the Low Voltage Directive (LVD) and the Electromagnetic Compatibility (EMC) Directive.  

Transformer installation and use safety requirements are outlined in the National Electrical Code (NEC), a publication of the National Fire Protection Association (NFPA) in the United States. Transformers used in a variety of applications must adhere to National Electrical Code (NEC) regulations. 

Fairfield’s Ranking Board 

Top Segments 

1. Power Transformers Category Spearheads  

The power transformers segment dominated the market in 2022. Toroidal Transformers are most easily recognised by their core shape, which is shaped like a donut or ring. Reduced electromagnetic interference (EMI), fewer stray magnetic fields, and increased magnetic coupling efficiency are just a few benefits of this toroidal design.  

Toroidal transformers are renowned for having great levels of efficiency. Reduced resistive losses and increased energy efficiency are the results of the circular core design, which reduces the length of wire utilised in winding. 

Furthermore, the audio transformers category is projected to experience the fastest market growth. Transformers for audio signals are, as their name implies, created expressly for that purpose. They are used to couple audio signals between various audio circuit components, such as between microphones and preamplifiers or between amplifiers and speakers.  

Impedance matching, balancing/unbalancing signals, isolating ground loops, and other tasks can be accomplished by audio transformers to enhance audio quality and lessen interference. 

   2. Above 3000VA Rating Dominant 

The above 3000VA segment dominated the market in 2022. These transformers are excellent for heavy-duty applications that demand significant power, such as industrial machinery, huge amplifiers, high-wattage power supplies, and some medical devices because they can handle power levels greater than 3000VA.  

Transformers in this power range are frequently made to order in order to satisfy the application's unique requirements, including voltage levels, current rates, and physical specifications. Customisation guarantees top-notch effectiveness. 

The 1000VA - 3000VA category is anticipated to grow substantially throughout the projected period. Toroidal transformers with ratings between 1000VA and 3000VA are made to handle power levels between 1000VA and 3000VA, making them appropriate for a variety of applications requiring moderate to significant power conversion. 

   3. Medical Equipment Lead 

The medical equipment segment dominated the market in 2022. Power transformers are frequently needed for medical equipment like patient monitors, which measure vital indicators, including heart rate, blood pressure, and oxygen saturation. Because of their small size and capacity to deliver clean power, which is essential for precise readings, toroidal transformers are favoured. 

Toroidal transformers are used in high-end diagnostic imaging devices like magnetic resonance imaging (MRI), and Computed Tomography (CT) scanners to provide power to various parts, such as RF amplifiers, and imaging coils. Power delivery is reliable and effective due to these transformers. 

The segment of electric appliances is anticipated to grow at the fastest rate during the projected period. Toroidal transformers are also used to power AV receivers and surround sound processors in home theatre systems, in addition to individual audio components. They improve the home theatre experience by reducing interference and preserving audio clarity. 

Regional Frontrunners  

Mounting Sales of Electronics, and Appliances Build Opportunity for Asia Pacific  

Throughout the projected period, Asia Pacific is anticipated to dominate the toroidal transformers market. Some of the major manufacturing economies in the world, such as China, India, Japan, and South Korea, are located in Asia Pacific.  

Toroidal transformers are required for power supply and control systems because of the rising demand for automation, robotics, and industrial machinery in these nations. Electronics and appliances are heavily consumed in the Asia Pacific region.  

Toroidal transformers are used in a variety of consumer electronics, especially high-end audio devices and automated homes, as a result of the region's growing middle class. Solar and wind energy projects are receiving significant investment from many Asia Pacific nations.  

In these systems, toroidal transformers are crucial parts for effective power conversion and distribution, assisting the region's shift to clean energy. 

North America’s Gains Lie in EV Industry’s Expansion 

The region with the fastest-growing Toroidal Transformers market is predicted to be North America. Electric vehicles (EVs) are being adopted more widely throughout North America.  

In keeping with the region's quest for eco-friendly and sustainable transportation, toroidal transformers are utilised in EV charging infrastructure and battery management systems. The site is a center for innovation and technology, especially in the fields of electronics and automobiles.  

Because of the region's technological breakthroughs, toroidal transformers are preferred in high-end audio, precision instrumentation, and advanced electronics.  

Toroidal transformers are used to ensure dependable and effective power distribution inside data centers, which is crucial in the digital era. The expanding data center sector in North America drives the demand for high-quality transformers. 

Fairfield’s Competitive Landscape Analysis 

A smaller group of well-known businesses dominates the consolidated global market for toroidal transformers. In a drive to expand globally, the big companies are releasing new items and modernising their distribution networks. Moreover, Fairfield Market Research is expecting the market to witness more consolidation over the coming years.  

Who are the Leaders in Global Toroidal Transformers Space? 

• Abracon 
• ABB Ltd. 
• Cortec Toroidal Power Products 
• AMPLIMO BV 
• Lintron Electronics Ltd. 
• Hammond Manufacturing Ltd. 
• MCI Transformer Corporation 
• PICO Electronics Inc. 
• NORATEL 
• Nuvotem Talema 
• Schuntermann GmbH 
• Plitron Manufacturing Inc 
• Block Transformatoren-Elektronik 
• Shilchar Technologies Ltd. 
• Triad Magnetics 

Significant Company Developments  

New Product Launches 

• July 2022: The VIRO5 two-way coaxial loudspeaker from AUDAC was just released, and it comes in 8-ohm and 16-ohm models with optional toroidal transformer modules. Versions in both black and white are offered. They combine a silk-domed tweeter and a 2-way coaxial speaker driver for a smooth tone and great excursion. 
• April 2021: A global transformer design and manufacturing facility will be launched by Hitachi ABB Power Grids in Chongqing, China, with an initial investment of US$230 Mn. 
• December 2020: Efacec launched a new modularity system concept for core power transformers that will improve performance, optimisation, and efficiency. This innovative idea integrates new features, including mechanical protection, noise, ultraviolet, and ballistics and is anticipated to be used with transformers from 10MVA to 170MVA and up to 400kV. 

Distribution Agreements 

• January 2022: A number of recent victories for its low-maintenance, high-performing digital power transformers were announced by GE Renewable Energy's Grid Solutions division. The company signed an agreement as a part of this initiative to provide its digital power distribution transformers for numerous projects around the world, including the United States. 
• June 2021: Siemens Energy, and Mitsubishi Electric have decided to work together to create high-voltage, clean power transmission. Both businesses have agreed to work together to develop cutting-edge high-voltage switching systems utilising Siemens Energy's Blue Portfolio products. 

An Expert’s Eye 

Demand and Future Growth 

As per Fairfield’s Analysis, medical devices like imaging systems, patient monitors, and diagnostic instruments require a consistent and dependable power source to guarantee accurate results and patient safety. By using toroidal transformers, it is less likely that power fluctuations may hamper critical medical treatments.  

Furthermore, strict safety requirements and regulations apply to medical equipment and gadgets. These safety specifications are met by the design and production of toroidal transformers, which guarantees adherence to medical sector standards. However, the Toroidal Transformers market is expected to face considerable challenges because of high manufacturing costs.  

Supply Side of the Market 

According to our analysis, Asia Pacific will be the largest market for Toroidal Transformers in the world in 2022, with a market share of over 40%. The region is home to some of the main manufacturers of Toroidal Transformers, including Coilcraft, Epcos, and Littelfuse. The most common country for Toroidal Transformers is China, which Japan, and South Korea follow.  

Europe is the second-largest market for toroidal transformers after the US in 2022, accounting for over 25% of the global market share. The region is home to some of the leading manufacturers of toroidal transformers, such as Cambion, Ferroxcube, and Pulse Electronics.  

Germany, France, and the UK are the three countries with the greatest markets for toroidal transformers in Europe. The US$500 Mn. In the US, toroidal transformers are most frequently used in the medical, telecommunications, and aerospace industries. 

Global Toroidal Transformers Market is Segmented as Below:

By Product Type:

• Audio Transformers
• Mains Transformers
• Power Transformers
• Matching Transformers
• Isolation Transformers

By Rating:

• Above 3000VA
• 1000VA - 3000VA
• 250VA - 1000VA
• Below 250 VA

By Application:

• Medical equipment
• Electric appliances
• Electric power transmission
• Industrial Electronics
• Microprocessor units
• Instrumentation
• Battery chargers
• Robot equipment
• Miscellaneous

By Geographic Coverage:

• North America 
  • U.S. 
  • Canada 
• Europe 
  • Germany
  • U.K.
  • France
  • Italy
  • Turkey
  • Russia
  • Rest of Europe 
• Asia Pacific 
  • China
  • Japan
  • South Korea
  • India
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America 
  • Brazil 
  • Mexico 
  • Argentina
  • Rest of Latin America 
• Middle East & Africa  
  • GCC 
  • South Africa
  • Egypt
  • Nigeria
  • Rest of Middle East & Africa