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Inductor Market 2023 - Market Size, Industry Analysis, Leading Players, Share And Forecast To 2032
Inductor Market Analysis
The Business Research Company's Inductor Global Market Report 2023 identifies rising adoption of electric vehicles as the major driver for the inductor market's growth in the forecast period. An electric vehicle is a vehicle that is propelled by one or more electric motors (EV). The use of electric vehicles has increased due to their capacity to preserve energy security, reduce emissions, and improve fuel efficiency. Inductors are mounted in an electric vehicle control unit (EV-ECU), which is the control unit to manage various operations in electric vehicles.
The global inductor market size is expected to grow from $4.08 billion in 2022 to $4.33 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The inductor market is expected to grow to $5.32 billion in 2027 at a CAGR of 5.30%.
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Major competitors in the inductor market are TDK Corporation, Murata Manufacturing Co Ltd., Vishay Intertechnonogy Inc., Taiyo Yuden Co Ltd., Chilisin Electronics Corp, Delta Electronics Inc.
A key trend in the inductor market includes technological advancement. Major companies operating in the inductor market are focused on developing new technological solutions to strengthen their position in the market. For instance, in January 2020, at the University of Illinois Urbana-Champaign, a public land-grant research university in Illinois in the twin cities of Champaign and Urbana, researchers developed a microchip inductor capable of tens of millions of Tesla-level magnetic induction. The method assures a condensed magnetic field distribution and energy storage in 3D space while maintaining the minuscule footprint required to fit on a chip by using completely integrated, self-rolling magnetic nanoparticle-filled tubes. Traditional microchip inductors are 2D wire spirals that are large and produce increased inductance with each turn. By moving to a rolled membrane paradigm, which permits wire spiralling out of the plane and is separated by an insulating thin film from turn to turn, researchers were able to create 3D inductors utilising 2D processing.
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The inductor market is segmented -
1) By Type: Film Type, Multilayered, Wire Wound, Molded
2) By Inductance: Fixed Inductors, Variable Inductors
3) By Core Type: Air Core, Ferromagnetic/Ferrite Core, Iron Core
4) By Application: Power Applications, High-Frequency Applications, General Circuits
5) By End User Vertical: Automotive, Industrial, RF And Telecommunication, Military And Defense, Consumer Electronics, Transmission And Distribution, Healthcare
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the inductor market.
The Business Research Company's "Global Inductor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Inductor Market Include:
1. Executive Summary
2. Inductor Market Characteristics
3. Inductor Market Trends And Strategies
4. Inductor Market - Macro Economic Scenario
5. Inductor Market Size And Growth
…..
26. Africa Inductor Market
27. Inductor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Inductor Market
29. Inductor Market Future Outlook and Potential Analysis
30. Appendix
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