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What will the toroidal transformer market look like in 2022? Will the future be better?

In the past 2022, the whole world experienced a roller coaster year of "ups and downs". In the third year of the epidemic, we finally persevered. The three-year epidemic has had a significant impact on the economy and the market. Fortunately, we persisted. Whether good or bad, 2022 is a thing of the past. So has our toroidal transformer industry maintained its pre-epidemic state or improved or deteriorated in the past year? Today, the editor will have a good chat with you.

According to the "Global and China Toroidal Transformer Industry Research and 14th Five-Year Plan Analysis Report" released by Chenyu Information, a domestic professional data analysis company, we can know that the global toroidal transformer market sales in 2022, which is still under the epidemic, reached US$310 million. It is expected that the total value of the industry will reach US$440 million by 2029, with a compound annual growth rate (CAGR) of 4.9% (2023-2029). Among them, Eaton and Hengda are the top two manufacturers in the global toroidal transformer (Toroidal Power Transformers) market, and these two companies account for more than 25% of the global total market share. Other excellent domestic toroidal transformer manufacturers include EEIO Technology Co Ltd.

The entire 2022 report includes the following categories according to different product types: below 1KVA, 1 to 10KVA, and above 10KVA, the third largest power parameter subdivision style. According to different application scenarios, we can know that in 2022, toroidal transformers are mainly widely used in the following six industries: power management, medical equipment, telecommunications, industrial applications, and audio.

Judging from the data of the entire report, the entire toroidal transformer industry has basically maintained its pre-epidemic status in 2022 and has achieved a little growth. Now with the arrival of 2023 and the full release after the end of the epidemic, the prospects of the entire toroidal transformer industry are bright. I hope that each of our manufacturer friends can carry on the past and cheer up to make good products and services, so that our toroidal transformer market will get better and better.