Press release
Power Inductor Market to Cross US$ 3.75 Bn by 2031; Development of Next-gen Products for Automotive Power Circuits Stirs Market Growth, says TMR Study
The transformation of electronic circuitry for new-age consumer electronics is fuelling the growth of the power inductor market. Power inductors are being used as energy storage devices in switched-mode power devices to generate DC current.The increasing applications of power inductor in power electronics is creating new growth frontiers for the power inductor market. Power inductor works alongside a capacitor and prevents sudden fluctuations in the current and output voltage of the power supply.
The power inductor market is projected to expand at a CAGR of 5.8% during the forecast period (2021 - 2031).
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Power Inductor Market - Key Findings of Report
Downsize of ECU Power Circuits Expands Automotive Applications
The rising need to downsize power circuits of electronic circuit units (ECU) of automotive components with higher current handling capability is creating incremental opportunities in the power inductor market. The initiatives undertaken by Panasonic Industry Europe GmbH to build a product portfolio in power inductors and capitalizing on the same is a case in point.
In addition, low loss characteristics of power inductors are preferred to help attain the high efficiency of ECU power circuits and contribute toward simplifying the thermal design process of automotive components. This is driving manufacturers of power inductors to use metal composite monolithic structures for high reliability of ECU design subject to severe environmental conditions.
Besides, electrification of automobiles is leading to advantages such as lightweight and option to install flexible electronic control that allows increased performance for new automotive applications. The development of next-gen power inductors helps to deliver superior characteristics in ECU power circuits of automobiles. The development of MPXV power inductors from KEMET Corporation that combines low DC resistance with slow saturation characteristics and more temperature stability than conventional ferrite-core inductors is an example.
Nonetheless, manufacturers in the power inductor market are creating devices with superior saturation profile thus enables DC switching power supplies to remain functional in situations of high inrush current. This is anticipated to favor the growth of the power inductor market.
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Need for Improved Reliable Performance of Medical Devices Stimulates Product Demand
The role of some electronics manufacturing companies for the development of power inductors for medical applications is gaining momentum. This involves strengthening the production of metal alloy power inductors leading to high reliability and high performance outcome of miniature devices. This is complemented with initiatives for the development of a wide range of power inductors in terms of sizes, materials, and construction to serve the ceaseless demand for smartphones and automotive devices that require high levels of reliability in the power supply circuits.
Industrial Power Inductors Witness Demand for Power Actuators
Industrial power inductors are required to be characteristic of low saturation, increased temperature stability, and low loss at high frequency for industrial environments. In order to serve this, manufacturers in the power inductor market are developing products that can withstand such harsh environments and remain functional for longer duration. This involves fabricating the core with the help of metal composites and a monolithic mold structure. The resultant compact designs of power inductor are half in size to their ferrite composed counterparts.
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Power Inductor Market - Growth Drivers
Shift in demand for compact consumer electronics creates demand for advanced power inductors that feature wire winding, multi layering, thin-film due to their reduced size, and increased efficiency propels growth of the power inductor market
Development of cutting-edge industrial power inductors that deliver high power efficiency and display long working life for harsh environments to bolster growth of the power inductor market
Power Inductor Market - Key Players
Some of the key players operating in the power inductor market are TDK Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Vishay Intertechnology Inc., Panasonic Corporation, and AVX Corporation.
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The power inductor market is segmented as follows;
Power Inductor Market, by Core
Shielded
Non-shielded
Power Inductor Market, by Mounting
Surface Mount Technology
Through Hole Technology
Power Inductor Market, by Type
Wire-wound
Multilayer
Thin-film Power Supply
Power Inductor Market, by Material
Air Core
Ferromagnetic/Ferrite Core
Iron Core
Metal Alloy
Others
Power Inductor Market, by Application
Consumer Electronics
Mobiles & Smartphones
Laptops
Tablets
Notebooks
Computers
Televisions
Others
Automotive
Body Electronics
Central Body Control Module
Headlamps, Tail Lamps and Interior Lighting
Heating Ventilation and Air Conditioning Controllers (HVAC)
Doors, Window Lift and Seat Control
Advanced Driver Assistance Systems
Adaptive Cruise Control (ACC)
Automatic Parking Control
Collision Avoidance System/ Car Black Box System
Infotainment and Cluster Electronics
Audio Subsystem: Head Unit and Trunk Amp
Digital Instrument Cluster
In-Vehicle Infotainment (IVI) And Navigation
Chassis and Safety Electronics
Airbag Control Unit
Electronic Stability Control System (ESC)
Electric Parking Brake
Electronic Power Steering (EPS)
Engine and Powertrain Systems
Electric pumps, motor control and auxiliaries
Powertrain control module (PCU)/Engine Control unit (ECU)
Transmission Control Unit (TCU)
Industrial
Healthcare
Others
Power Inductor Market, by Region
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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