Press release
Power Inductor Market to Reach US$ 3.75 Bn by 2031
Since the coronavirus pandemic has altered the way the global economy functions, companies in the power inductor market are increasing efforts to balance the supply of good and components between sales, manufacturing & faulty product replacements. Due to a slump in business activities in the automotive sector, manufacturers are shifting focus on positive or limited negative impact industries such as consumer electronics, healthcare, and industrial devices in order to keep the economies running.View Report @ https://www.transparencymarketresearch.com/power-inductor-market.html
Companies in the power inductor market are relying on data-driven insights to scale the production of components in various regions of the world depending on the severity of the pandemic in that region. Cash-rich companies are increasing efforts to rapidly automate data capture processes. They are innovating and investing in available sales channels including eCommerce to maximize their supply chains.
Manufacturers in the power inductor market are increasing their production capabilities in air core inductors. These inductors are cost-efficient, simple to construct, and do not cause core losses at high frequencies. However, the large size of air core inductors is not desirable by semiconductor manufacturers. Moreover, the number of turns in a coil necessary to achieve the same inductance is possible even in solid core inductors. Hence, companies are increasing their R&D efforts to design better air core inductors in order to improve their performance in various devices.
One of the key advantages of air core inductors is that it does not depend on the value of current it carries and eliminates the iron losses from magnetic core.
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The power inductor market is expected to cross the production of 11,915.6 million units by 2031. Manufacturers are establishing stable revenue streams in consumer electronics. Power inductors are transforming the way electronic circuits work. They are being used as energy storage devices in switched-mode power devices to produce DC current. Manufacturers are bolstering their output capacities in iron core inductors that are being used for low frequency line filtering due to their relatively large inductances. They are also gaining prominence in various audio equipment.
The ferrite core inductors are being widely used in power electronics, since it is possible to finely control their permeability by tuning the ratio of ferrite to epoxy. Companies in the power inductor market are tapping into revenue opportunities in power supply applications where the inductor's role is to prevent sudden changes in current use. Working alongside a capacitor, an inductor prevents sudden changes in the power supply's output voltage and current.
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The power inductor market is expected to register a CAGR of 5.8% during the forecast period. Manufacturers are unlocking revenue opportunities in the automotive sector, due to the growing need for downsizing ECU (electronic circuit units) power circuits by small case size with higher current capability. Panasonic Industry Europe GmbH - a provider of industrial devices & solutions, is capitalizing on this opportunity to build its product portfolio in power inductors for automotive applications.
Low loss characteristics are being preferred in power inductors, as it helps to realize the high efficiency of ECU power circuits and contribute to simplify the thermal design process. Companies in the power inductor market are making use of metal composite monolithic structures that help determine high reliability of ECU design used under severe environmental conditions.
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The electrification of automobiles is leading to advantages such as cost reduction, lightweight attribute, and opportunity of flexible electronic control that allows increased performance in new automotive applications. This trend of electrification is contributing to the growth of the power inductor market, which is projected to surpass the revenue of US$ 3.75 Bn by 2031.
The new generation of power inductors is delivering superior characteristics in ECU power circuits of automobiles. KEMET Corporation - an electronic component manufacturing company, is publicizing its MPXV power inductors that combine low DC resistance with a slow saturation characteristic that is also more stable over temperature than that of traditional ferrite-core inductors. Manufacturers in the power inductor market are developing devices with superior saturation characteristics that enable DC/DC switching power supplies to remain functional in situations where inrush current is high.
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