Transformers for Switching Power Supplies Market, Global Outlook and Forecast 2023-2029

Transformers for Switching Power Supplies Market, Global Outlook and Forecast 2023-2029

Report Code: KNJ1480451 | No. of Pages: 120 | Category: Technology
Publisher: Market Monitor Global | Date of Publish: Jan-2023
Transformers for switching power supplies (also known as switch mode power supply transformers and SMPS transformers) are using in a regulated power supply and function to step up or step down voltage or current, and/or provide isolation between the input and output side of a switch mode power supply. On the primary side of a switch mode transformer, the duty cycle (on time) of the input voltage waveform is varied (switched) to deliver a constant output voltage over varying load conditions. Transformers for Switching Power Supplies (SMPS transformers) are designed to operate at frequencies of 10 kHz to 1 MHz Switch mode transformer (switch mode power supply transformer) power levels now extend into the 50 kilowatt range
This report aims to provide a comprehensive presentation of the global market for Transformers for Switching Power Supplies, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Transformers for Switching Power Supplies. This report contains market size and forecasts of Transformers for Switching Power Supplies in global, including the following market information:
Global Transformers for Switching Power Supplies Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Transformers for Switching Power Supplies Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Transformers for Switching Power Supplies companies in 2022 (%)
The global Transformers for Switching Power Supplies market was valued at US$ 1622.7 million in 2022 and is projected to reach US$ 1601 million by 2029, at a CAGR of -0.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Transformers for Switching Power Supplies market include TDK, Tamura, Triad Magnetics, etc. The top 3 players occupy about 30% shares of the global market. China is the main market, and occupies about 60% of the global market. Single-excited is the main type, with a share over 60%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Transformers for Switching Power Supplies manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Transformers for Switching Power Supplies Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Transformers for Switching Power Supplies Market Segment Percentages, by Type, 2022 (%)
    Single-excited
    Double-excited
Global Transformers for Switching Power Supplies Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Transformers for Switching Power Supplies Market Segment Percentages, by Application, 2022 (%)
    Communication Industry
    Industrial Fields
    Consumer Electronics
Global Transformers for Switching Power Supplies Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Transformers for Switching Power Supplies Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Transformers for Switching Power Supplies revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Transformers for Switching Power Supplies revenues share in global market, 2022 (%)
Key companies Transformers for Switching Power Supplies sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Transformers for Switching Power Supplies sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    TDK
    Tamura
    Triad Magnetics
    Precision
    Prisource
    MYRRA
    Stontronics
    GS Transformers
    WCM
    CWS
    APX
    TISCI Srl
    Premier Magnetics
    Prem Magnetics
    Butler Winding
    Click
    Zhongce E.T
    Salom
    Jiangsu Jewel
    Dongxin
    Hangtung Electronic
    Kunshan Hengyi
    Ri Hui Da
    Tabuchi
    Chenfei
    Sed Electronics
    MNOVA
Outline of Major Chapters:
Chapter 1: Introduces the definition of Transformers for Switching Power Supplies, market overview.
Chapter 2: Global Transformers for Switching Power Supplies market size in revenue and volume.
Chapter 3: Detailed analysis of Transformers for Switching Power Supplies manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Transformers for Switching Power Supplies in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Transformers for Switching Power Supplies capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
    1.1 Transformers for Switching Power Supplies Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Transformers for Switching Power Supplies Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Transformers for Switching Power Supplies Overall Market Size
    2.1 Global Transformers for Switching Power Supplies Market Size: 2022 VS 2029
    2.2 Global Transformers for Switching Power Supplies Revenue, Prospects & Forecasts: 2018-2029
    2.3 Global Transformers for Switching Power Supplies Sales: 2018-2029
3 Company Landscape
    3.1 Top Transformers for Switching Power Supplies Players in Global Market
    3.2 Top Global Transformers for Switching Power Supplies Companies Ranked by Revenue
    3.3 Global Transformers for Switching Power Supplies Revenue by Companies
    3.4 Global Transformers for Switching Power Supplies Sales by Companies
    3.5 Global Transformers for Switching Power Supplies Price by Manufacturer (2018-2023)
    3.6 Top 3 and Top 5 Transformers for Switching Power Supplies Companies in Global Market, by Revenue in 2022
    3.7 Global Manufacturers Transformers for Switching Power Supplies Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Transformers for Switching Power Supplies Players in Global Market
        3.8.1 List of Global Tier 1 Transformers for Switching Power Supplies Companies
        3.8.2 List of Global Tier 2 and Tier 3 Transformers for Switching Power Supplies Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Transformers for Switching Power Supplies Market Size Markets, 2022 & 2029
        4.1.2 Single-excited
        4.1.3 Double-excited
    4.2 By Type - Global Transformers for Switching Power Supplies Revenue & Forecasts
        4.2.1 By Type - Global Transformers for Switching Power Supplies Revenue, 2018-2023
        4.2.2 By Type - Global Transformers for Switching Power Supplies Revenue, 2024-2029
        4.2.3 By Type - Global Transformers for Switching Power Supplies Revenue Market Share, 2018-2029
    4.3 By Type - Global Transformers for Switching Power Supplies Sales & Forecasts
        4.3.1 By Type - Global Transformers for Switching Power Supplies Sales, 2018-2023
        4.3.2 By Type - Global Transformers for Switching Power Supplies Sales, 2024-2029
        4.3.3 By Type - Global Transformers for Switching Power Supplies Sales Market Share, 2018-2029
    4.4 By Type - Global Transformers for Switching Power Supplies Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Transformers for Switching Power Supplies Market Size, 2022 & 2029
        5.1.2 Communication Industry
        5.1.3 Industrial Fields
        5.1.4 Consumer Electronics
    5.2 By Application - Global Transformers for Switching Power Supplies Revenue & Forecasts
        5.2.1 By Application - Global Transformers for Switching Power Supplies Revenue, 2018-2023
        5.2.2 By Application - Global Transformers for Switching Power Supplies Revenue, 2024-2029
        5.2.3 By Application - Global Transformers for Switching Power Supplies Revenue Market Share, 2018-2029
    5.3 By Application - Global Transformers for Switching Power Supplies Sales & Forecasts
        5.3.1 By Application - Global Transformers for Switching Power Supplies Sales, 2018-2023
        5.3.2 By Application - Global Transformers for Switching Power Supplies Sales, 2024-2029
        5.3.3 By Application - Global Transformers for Switching Power Supplies Sales Market Share, 2018-2029
    5.4 By Application - Global Transformers for Switching Power Supplies Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
    6.1 By Region - Global Transformers for Switching Power Supplies Market Size, 2022 & 2029
    6.2 By Region - Global Transformers for Switching Power Supplies Revenue & Forecasts
        6.2.1 By Region - Global Transformers for Switching Power Supplies Revenue, 2018-2023
        6.2.2 By Region - Global Transformers for Switching Power Supplies Revenue, 2024-2029
        6.2.3 By Region - Global Transformers for Switching Power Supplies Revenue Market Share, 2018-2029
    6.3 By Region - Global Transformers for Switching Power Supplies Sales & Forecasts
        6.3.1 By Region - Global Transformers for Switching Power Supplies Sales, 2018-2023
        6.3.2 By Region - Global Transformers for Switching Power Supplies Sales, 2024-2029
        6.3.3 By Region - Global Transformers for Switching Power Supplies Sales Market Share, 2018-2029
    6.4 North America
        6.4.1 By Country - North America Transformers for Switching Power Supplies Revenue, 2018-2029
        6.4.2 By Country - North America Transformers for Switching Power Supplies Sales, 2018-2029
        6.4.3 US Transformers for Switching Power Supplies Market Size, 2018-2029
        6.4.4 Canada Transformers for Switching Power Supplies Market Size, 2018-2029
        6.4.5 Mexico Transformers for Switching Power Supplies Market Size, 2018-2029
    6.5 Europe
        6.5.1 By Country - Europe Transformers for Switching Power Supplies Revenue, 2018-2029
        6.5.2 By Country - Europe Transformers for Switching Power Supplies Sales, 2018-2029
        6.5.3 Germany Transformers for Switching Power Supplies Market Size, 2018-2029
        6.5.4 France Transformers for Switching Power Supplies Market Size, 2018-2029
        6.5.5 U.K. Transformers for Switching Power Supplies Market Size, 2018-2029
        6.5.6 Italy Transformers for Switching Power Supplies Market Size, 2018-2029
        6.5.7 Russia Transformers for Switching Power Supplies Market Size, 2018-2029
        6.5.8 Nordic Countries Transformers for Switching Power Supplies Market Size, 2018-2029
        6.5.9 Benelux Transformers for Switching Power Supplies Market Size, 2018-2029
    6.6 Asia
        6.6.1 By Region - Asia Transformers for Switching Power Supplies Revenue, 2018-2029
        6.6.2 By Region - Asia Transformers for Switching Power Supplies Sales, 2018-2029
        6.6.3 China Transformers for Switching Power Supplies Market Size, 2018-2029
        6.6.4 Japan Transformers for Switching Power Supplies Market Size, 2018-2029
        6.6.5 South Korea Transformers for Switching Power Supplies Market Size, 2018-2029
        6.6.6 Southeast Asia Transformers for Switching Power Supplies Market Size, 2018-2029
        6.6.7 India Transformers for Switching Power Supplies Market Size, 2018-2029
    6.7 South America
        6.7.1 By Country - South America Transformers for Switching Power Supplies Revenue, 2018-2029
        6.7.2 By Country - South America Transformers for Switching Power Supplies Sales, 2018-2029
        6.7.3 Brazil Transformers for Switching Power Supplies Market Size, 2018-2029
        6.7.4 Argentina Transformers for Switching Power Supplies Market Size, 2018-2029
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Transformers for Switching Power Supplies Revenue, 2018-2029
        6.8.2 By Country - Middle East & Africa Transformers for Switching Power Supplies Sales, 2018-2029
        6.8.3 Turkey Transformers for Switching Power Supplies Market Size, 2018-2029
        6.8.4 Israel Transformers for Switching Power Supplies Market Size, 2018-2029
        6.8.5 Saudi Arabia Transformers for Switching Power Supplies Market Size, 2018-2029
        6.8.6 UAE Transformers for Switching Power Supplies Market Size, 2018-2029
7 Manufacturers & Brands Profiles
    7.1 TDK
        7.1.1 TDK Company Summary
        7.1.2 TDK Business Overview
        7.1.3 TDK Transformers for Switching Power Supplies Major Product Offerings
        7.1.4 TDK Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.1.5 TDK Key News & Latest Developments
    7.2 Tamura
        7.2.1 Tamura Company Summary
        7.2.2 Tamura Business Overview
        7.2.3 Tamura Transformers for Switching Power Supplies Major Product Offerings
        7.2.4 Tamura Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.2.5 Tamura Key News & Latest Developments
    7.3 Triad Magnetics
        7.3.1 Triad Magnetics Company Summary
        7.3.2 Triad Magnetics Business Overview
        7.3.3 Triad Magnetics Transformers for Switching Power Supplies Major Product Offerings
        7.3.4 Triad Magnetics Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.3.5 Triad Magnetics Key News & Latest Developments
    7.4 Precision
        7.4.1 Precision Company Summary
        7.4.2 Precision Business Overview
        7.4.3 Precision Transformers for Switching Power Supplies Major Product Offerings
        7.4.4 Precision Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.4.5 Precision Key News & Latest Developments
    7.5 Prisource
        7.5.1 Prisource Company Summary
        7.5.2 Prisource Business Overview
        7.5.3 Prisource Transformers for Switching Power Supplies Major Product Offerings
        7.5.4 Prisource Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.5.5 Prisource Key News & Latest Developments
    7.6 MYRRA
        7.6.1 MYRRA Company Summary
        7.6.2 MYRRA Business Overview
        7.6.3 MYRRA Transformers for Switching Power Supplies Major Product Offerings
        7.6.4 MYRRA Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.6.5 MYRRA Key News & Latest Developments
    7.7 Stontronics
        7.7.1 Stontronics Company Summary
        7.7.2 Stontronics Business Overview
        7.7.3 Stontronics Transformers for Switching Power Supplies Major Product Offerings
        7.7.4 Stontronics Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.7.5 Stontronics Key News & Latest Developments
    7.8 GS Transformers
        7.8.1 GS Transformers Company Summary
        7.8.2 GS Transformers Business Overview
        7.8.3 GS Transformers Transformers for Switching Power Supplies Major Product Offerings
        7.8.4 GS Transformers Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.8.5 GS Transformers Key News & Latest Developments
    7.9 WCM
        7.9.1 WCM Company Summary
        7.9.2 WCM Business Overview
        7.9.3 WCM Transformers for Switching Power Supplies Major Product Offerings
        7.9.4 WCM Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.9.5 WCM Key News & Latest Developments
    7.10 CWS
        7.10.1 CWS Company Summary
        7.10.2 CWS Business Overview
        7.10.3 CWS Transformers for Switching Power Supplies Major Product Offerings
        7.10.4 CWS Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.10.5 CWS Key News & Latest Developments
    7.11 APX
        7.11.1 APX Company Summary
        7.11.2 APX Transformers for Switching Power Supplies Business Overview
        7.11.3 APX Transformers for Switching Power Supplies Major Product Offerings
        7.11.4 APX Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.11.5 APX Key News & Latest Developments
    7.12 TISCI Srl
        7.12.1 TISCI Srl Company Summary
        7.12.2 TISCI Srl Transformers for Switching Power Supplies Business Overview
        7.12.3 TISCI Srl Transformers for Switching Power Supplies Major Product Offerings
        7.12.4 TISCI Srl Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.12.5 TISCI Srl Key News & Latest Developments
    7.13 Premier Magnetics
        7.13.1 Premier Magnetics Company Summary
        7.13.2 Premier Magnetics Transformers for Switching Power Supplies Business Overview
        7.13.3 Premier Magnetics Transformers for Switching Power Supplies Major Product Offerings
        7.13.4 Premier Magnetics Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.13.5 Premier Magnetics Key News & Latest Developments
    7.14 Prem Magnetics
        7.14.1 Prem Magnetics Company Summary
        7.14.2 Prem Magnetics Business Overview
        7.14.3 Prem Magnetics Transformers for Switching Power Supplies Major Product Offerings
        7.14.4 Prem Magnetics Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.14.5 Prem Magnetics Key News & Latest Developments
    7.15 Butler Winding
        7.15.1 Butler Winding Company Summary
        7.15.2 Butler Winding Business Overview
        7.15.3 Butler Winding Transformers for Switching Power Supplies Major Product Offerings
        7.15.4 Butler Winding Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.15.5 Butler Winding Key News & Latest Developments
    7.16 Click
        7.16.1 Click Company Summary
        7.16.2 Click Business Overview
        7.16.3 Click Transformers for Switching Power Supplies Major Product Offerings
        7.16.4 Click Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.16.5 Click Key News & Latest Developments
    7.17 Zhongce E.T
        7.17.1 Zhongce E.T Company Summary
        7.17.2 Zhongce E.T Business Overview
        7.17.3 Zhongce E.T Transformers for Switching Power Supplies Major Product Offerings
        7.17.4 Zhongce E.T Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.17.5 Zhongce E.T Key News & Latest Developments
    7.18 Salom
        7.18.1 Salom Company Summary
        7.18.2 Salom Business Overview
        7.18.3 Salom Transformers for Switching Power Supplies Major Product Offerings
        7.18.4 Salom Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.18.5 Salom Key News & Latest Developments
    7.19 Jiangsu Jewel
        7.19.1 Jiangsu Jewel Company Summary
        7.19.2 Jiangsu Jewel Business Overview
        7.19.3 Jiangsu Jewel Transformers for Switching Power Supplies Major Product Offerings
        7.19.4 Jiangsu Jewel Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.19.5 Jiangsu Jewel Key News & Latest Developments
    7.20 Dongxin
        7.20.1 Dongxin Company Summary
        7.20.2 Dongxin Business Overview
        7.20.3 Dongxin Transformers for Switching Power Supplies Major Product Offerings
        7.20.4 Dongxin Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.20.5 Dongxin Key News & Latest Developments
    7.21 Hangtung Electronic
        7.21.1 Hangtung Electronic Company Summary
        7.21.2 Hangtung Electronic Business Overview
        7.21.3 Hangtung Electronic Transformers for Switching Power Supplies Major Product Offerings
        7.21.4 Hangtung Electronic Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.21.5 Hangtung Electronic Key News & Latest Developments
    7.22 Kunshan Hengyi
        7.22.1 Kunshan Hengyi Company Summary
        7.22.2 Kunshan Hengyi Business Overview
        7.22.3 Kunshan Hengyi Transformers for Switching Power Supplies Major Product Offerings
        7.22.4 Kunshan Hengyi Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.22.5 Kunshan Hengyi Key News & Latest Developments
    7.23 Ri Hui Da
        7.23.1 Ri Hui Da Company Summary
        7.23.2 Ri Hui Da Business Overview
        7.23.3 Ri Hui Da Transformers for Switching Power Supplies Major Product Offerings
        7.23.4 Ri Hui Da Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.23.5 Ri Hui Da Key News & Latest Developments
    7.24 Tabuchi
        7.24.1 Tabuchi Company Summary
        7.24.2 Tabuchi Business Overview
        7.24.3 Tabuchi Transformers for Switching Power Supplies Major Product Offerings
        7.24.4 Tabuchi Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.24.5 Tabuchi Key News & Latest Developments
    7.25 Chenfei
        7.25.1 Chenfei Company Summary
        7.25.2 Chenfei Business Overview
        7.25.3 Chenfei Transformers for Switching Power Supplies Major Product Offerings
        7.25.4 Chenfei Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.25.5 Chenfei Key News & Latest Developments
    7.26 Sed Electronics
        7.26.1 Sed Electronics Company Summary
        7.26.2 Sed Electronics Business Overview
        7.26.3 Sed Electronics Transformers for Switching Power Supplies Major Product Offerings
        7.26.4 Sed Electronics Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.26.5 Sed Electronics Key News & Latest Developments
    7.27 MNOVA
        7.27.1 MNOVA Company Summary
        7.27.2 MNOVA Business Overview
        7.27.3 MNOVA Transformers for Switching Power Supplies Major Product Offerings
        7.27.4 MNOVA Transformers for Switching Power Supplies Sales and Revenue in Global (2018-2023)
        7.27.5 MNOVA Key News & Latest Developments
8 Global Transformers for Switching Power Supplies Production Capacity, Analysis
    8.1 Global Transformers for Switching Power Supplies Production Capacity, 2018-2029
    8.2 Transformers for Switching Power Supplies Production Capacity of Key Manufacturers in Global Market
    8.3 Global Transformers for Switching Power Supplies Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Transformers for Switching Power Supplies Supply Chain Analysis
    10.1 Transformers for Switching Power Supplies Industry Value Chain
    10.2 Transformers for Switching Power Supplies Upstream Market
    10.3 Transformers for Switching Power Supplies Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Transformers for Switching Power Supplies Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer

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