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Inductor Market worth $9.02 billion by 2030, growing at a CAGR of 6.84% - Exclusive Report by 360iResearch
Inductor Market | 360iResearch
The Global Inductor Market to grow from USD 5.68 billion in 2023 to USD 9.02 billion by 2030, at a CAGR of 6.84%.
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Inductors are passive electronic components that store energy in their magnetic field and consist of a conductor, such as a wire that is usually wound into a coil, through which electricity flows. The primary characteristic of an inductor is its ability to oppose changes in current flow, a property known as inductance measured in Henries (H). Inductors are widely used in various applications, ranging from filtering noise and stabilizing circuits to energy storage in switching power supplies and transformers. The behavior of an inductor in an electrical circuit is defined by Faraday's law of electromagnetic induction, which states that an electromotive force is generated in a coil when the magnetic flux changes. The inductor market's growth is propelled by the need for miniaturization and higher power handling capabilities for electric vehicles and renewable energy systems and the rising demand for compact, lightweight, and efficient inductors for wearable devices and medical electronics globally. However, fluctuations in the raw material prices required for inductor manufacturing and the operational issues associated with the inductors are restraining the adoption of the inductors. The ongoing adoption of IoT-based and wireless devices in industrial and home-scale sectors and the emergence of advanced electrical technologies with the incorporation of inductors offer remunerative growth opportunities for expanding the inductor market.
In the Americas, particularly in the U.S., there is a high demand for inductors within the automotive and defense sectors, supporting advanced technologies such as radar systems and electric vehicles (EVs). The Americas have specialized in the production of high-grade, performance-driven inductors for military and automotive applications, with companies heavily investing in R&D for durable and efficient designs. Further, Asia, led by countries such as China, Japan, and South Korea, witnesses a massive demand for inductors from the consumer electronics sector, owing to its dominance in smartphone and portable electronics manufacturing. Asia is the most significant manufacturer of inductors globally, focusing on mass production optimized for consumer electronics, focusing on miniaturization and cost reduction. Moreover, European Union countries exhibit a high demand for automotive and industrial application inductors, driven by the automotive industry's shift towards electric vehicles. The Middle East is witnessing growth in the renewable energy sector, translating to increased demand for inductors in solar and wind energy projects. Africa also shows the potential for growth in the telecommunications and power transmission sectors. Recent initiatives in Europe include investments in renewable energy and automotive sectors, with companies focusing on reducing carbon emissions, leading to research in innovative inductor technologies that can withstand high temperatures and efficiency.
Market Segmentation & Coverage:
This research report categorizes the Inductor Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Bobbin, Film Type, Molded, Multilayered, Toroidal, and Wire Wound. The Multilayered is projected to witness significant market share during forecast period.
Based on Inductance, market is studied across Fixed Inductors and Variable Inductors. The Fixed Inductors is projected to witness significant market share during forecast period.
Based on Core Type, market is studied across Air Core, Iron Core, and Phenolic Core. The Air Core is further studied across Ceramic Core and Ferromagnetic & Ferrite Core. The Phenolic Core is further studied across Hard Ferrites and Soft Ferrites. The Phenolic Core is projected to witness significant market share during forecast period.
Based on Shield Type, market is studied across Shielded and Unshielded. The Shielded is projected to witness significant market share during forecast period.
Based on Mounting Technique, market is studied across Surface Mount and Through Hole. The Through Hole is projected to witness significant market share during forecast period.
Based on Application, market is studied across Energy Storage, Inductive Sensing, Power Supply Circuits, Signal Filtering, and Wireless Charging. The Inductive Sensing is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Automotive, Consumer Electronics, Healthcare, Industrial, Military & Defense, Telecommunication, and Transmission & Distribution. The Automotive is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.15% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Inductor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Inductor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Inductor Market, highlighting leading vendors and their innovative profiles. These include ABC Taiwan Electronics Corp., Abracon LLC, Bourns, Inc., Coilcraft Inc., Delevan by Regal Rexnord Corporation, Delta Electronics, Inc., Falco Electronics, GCI Technologies, Inductor Supply, Inc, KYOCERA AVX Components Corporation, Murata Manufacturing Co., Ltd., NIC Components Corp. by Arrow Electronics, Panasonic Holdings Corporation, Pico Electronics Inc., Pulse Electronics Corporation by Yageo Corporation, Sagami Elec Co., Ltd., Samsung Electro-Mechanics Co., Ltd., Sumida Corporation, Taiyo Yuden Co., Ltd., TDK Corporation, TE Connectivity Limited, Transko Electronics Inc., Triad Magnetics, Vishay Intertechnology, Inc., and Würth Elektronik Group.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Inductor Market, by Type
7. Inductor Market, by Inductance
8. Inductor Market, by Core Type
9. Inductor Market, by Shield Type
10. Inductor Market, by Mounting Technique
11. Inductor Market, by Application
12. Inductor Market, by Vertical
13. Americas Inductor Market
14. Asia-Pacific Inductor Market
15. Europe, Middle East & Africa Inductor Market
16. Competitive Landscape
17. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Inductor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Inductor Market?
3. What is the competitive strategic window for opportunities in the Inductor Market?
4. What are the technology trends and regulatory frameworks in the Inductor Market?
5. What is the market share of the leading vendors in the Inductor Market?
6. What modes and strategic moves are considered suitable for entering the Inductor Market?
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