Power Inductor Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: LS231120 | Research Suite: Report (PDF) & Market Data (Excel)
The market value of the power inductor market was USD 5.1 billion in 2022, and a CAGR of 6.6% is expected during the forecast period. Inductors are passive electric components that store energy in a magnetic field and are used in a variety of circuits to store, regulate, and filter electrical energy. Increasing demand for inductors in various industries like automotive, telecommunications, and consumer electronics is driving the growth of the market significantly. Increasing demand for electrical vehicles and connected devices is one of the key drivers of the market. The need for compact, cost-effective, and efficient inductors is expected to drive the growth of the market.
Impact
of Covid-19
The COVID-19 pandemic impacted the power inductor market in
several ways, initially due to the disruption in power supply; it caused delays
in production and manufacturing. Fluctuating demand due to economic
uncertainties affected sales. Increasing reliance on technology, particularly
in areas like remote work, e-learning, and healthcare devices, The demand for
the electronics, including the power inductor, also surged. This led to an
overall recovery and growth in the market post-pandemic as industries adopted
the new normal.
Growth
Drivers
Rising
demand for consumer electronics
Automotive
Industry Advancements
Emergence
of 5G technology
Renewable
Energy Sector
Iot
Expansion
Industrial Automation
With the increasing use of smart phones, wearables, smart
home devices, and other consumer electronics, there is a demand for power
inductors used in various vehicle systems like powertrains, infotainment, and
safety systems. The rollout and expansion of the 5G network globally require
high-frequency and high-performance electronic components, including power
inductors, to support the increased data speed and connectivity. Power
inductors are essential in renewable energy applications such as solar and wind
power systems. Contributing to the growth driven by the expansion of these
sectors. The proliferation of Internet of Things devices across various
industries necessitates small, efficient power management solutions, further
driving the demand for power inductors. The adoption of automation and robotics
in various industries demands reliable power management components, boosting
the demand for power inductors. Continuous demand in various sectors, like
automotive, consumer electronics, and industrial applications, is driving the
growth of the market in Europe. Increasing demand for ferrite core inductors is
driving the growth of the market significantly. Electric vehicles are equipped
with new technology and powered by AI, and the IoT is driving the growth of
this market.
The integration of 5G technology has significantly impacted the power inductor market. 5G networks demand smaller, more efficient, and high-performance components, which has driven the need for advanced power inductors capable of handling higher frequencies and power densities. As 5G deployment continues, the demand for specialized power inductors tailored for these networks is expected to grow. As renewable energy sources like wind and solar become more prevalent, there is a growing need for efficient power conversions and distributed systems. By managing the flow of electricity, power inductors play a crucial role in inverters and converters. Renewable energy sectors like solar and wind have a significant impact on power inductors. Power inductors help manage and optimize energy flow in various renewable energy systems, making them integral to the growth and efficiency of the sector.
Segmentation
Type
·
Wire Wound
·
Multilayer
·
Thin Film Power Supply
·
Through Hole
·
Surface Mount
End-Users
·
Automotive
·
Aerospace and Defense
·
Consumer Electronics
·
Computing
·
Communications
Applications
·
Telecommunications
·
Healthcare
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Europe
·
Middle East and Africa
Power
Inductor Market End-User Segmentation
On the basis of end-user, the power inductor market is
segmented into Automotive, Aerospace and Defense, Consumer Electronics, and
Communications. There is a sharp growth in the production of electric vehicles,
and it is driving the market significantly. The increasing efficiency of power
inductors is driving the growth of products in the automotive, aerospace, defense,
and consumer electronics sectors. Power inductors are very useful in healthcare
sectors, like MRI machines, ultrasound equipment, patient monitoring systems,
and more. Proper functioning of these devices involves controlling voltage,
reducing noise, and maintaining power supply.
Power
Inductor Market Type Segmentation
On the basis of type, the power inductor market is segmented
into wire wound, multilayer, thin film power supply, through hole, and surface
mount. The inductor market for surface-mount inductors is expected to grow at a
fast rate during the forecast period. These types of inductors are available in
various sizes and a variety of shapes, such as pot cores, RM, and a few others,
including custom shapes. Their applications include fluctuating power circuits
to filter EMI currents at low inductance loss, DC-DC and AC-DC converters,
storing energy, and switching regulated power supplies.
Regional
Outlook
On the basis of regions, the power inductor market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific, due to the presence of key major players and growing electronics and automotive industries, is the leading segment in the region. The presence of companies like LG, Samsung, Lenovo, and Panasonic is boosting the growth of the market significantly. China, Japan, and South Korea are the leaders in this region. The power inductor market in North America has been experiencing steady growth due to technological advancements. The increasing demand for advanced electronics in the region is growing the market significantly in the region. The region's focus on electric and hybrid vehicles has significantly increased the need for power inductors in automotive electronics. Telecommunications and 5G developments in the region have grown the market significantly. Renewable energy initiatives, IoT, and industrial automation are driving the growth of the market significantly. The presence of some major key players in big markets like Germany, France, Italy, Spain, and England is driving growth in the European market. The Middle East and Asia Pacific are expected to witness significant growth during the forecast period.
Key
Players
·
Murata Manufacturing
·
TDK
·
Vishay Intertechnology
·
Panasonic
·
Coilcraft
·
ABC Taiwan Electronics
·
Shenzhen Sunloard Electronics
·
Pulse Electronics
·
Chilisin Electronics
·
Delta Electronics
· Other Players
Global Power Inductor Market research report presents a
strategic analysis of the global Power Inductor Market and a forecast for its
development in the medium term, taking into account the impact of COVID-19 on
it.
This report delivers market size, regional and country
market data, segmentation growth, market share, competitive landscape,
company’s Power Inductor revenue analysis, strategies of domestic and global
market players, opportunities analysis, strategic market growth analysis, and
technological innovations. It analyses historical and current market data to
accurately gauge its future growth potential. This market report provides
in-depth analysis and insight of market drivers, challenges, trends & opportunities.
At the same time, comprehensive coverage of major vendors (recent product
development & industrial activities, company overview, insights on business
strategy & financial performance, company SWOT analysis) is provided to
give competitive overview. This study presents most detailed (COVID-19 updated)
and in-depth analysis about the global Power Inductor market, covering all
global regions and countries. The report provides intricate dynamics for each
of the countries covered, offering unmatched value, accuracy and expert
insights.
Report
Purpose
The purpose of the report is to portray the state of the
global Power Inductor Market and to present real and expert-verified data and
insights about the market values, volumes, dynamics, segmentation and prices.
It also offers forecast for the market development in the short and medium term
and the impact COVID-19 has and will have on it. Further, it covers in-depth
analysis of the key market players, industry trends and insights, growth
drivers and challenges and all other factors, influencing the growth of market.
Scope
of the Report
The
report on the global Power Inductor Market presents:
·
Historical Data: Market data including
volume, growth rate, value, and dynamics; Market segmentation (by product, by
region and by country; etc.) for the last five years;
·
Strategic Insights for companies
looking to launch new products to diversify their business, exploring leading
countries to establish supply chain, and top countries to increase company export
and go global
·
Comprehensive Regional Market Data:
volume, growth rate, value, market share and dynamics of for the last five
years (broken down by region);
·
Market Dynamics: Analysis of the
factors impacting the market including demand drivers, industry trends and
challenges and the short and the medium-term impact of COVID-19 presently and
in near future;
·
Analysis and forecast for the global
economy and demographics;
·
Supply chain and value chain analysis,
risk analysis of supply side and demand side;
·
Market Forecast for next ten years
(market share, year-on-year growth, volume, value and segmentation by region);
·
Company profiling of key market players
covering company’s Power Inductor revenue, sales and market share;
·
Comprehensive coverage of competitive
landscape offering market positioning and snapshot of key business strategies;
·
Porter’s Five Forces analysis;
How Can
You Benefit from This Report?
In this
report you can:
·
Track and identify key market trends
and insights and key drivers behind recent market changes and see the impact
COVID-19 has and will have on the market in both the short and the medium term;
·
Get access to reliable and verified
market data, with which aids you to make confident business decisions;
·
Analysis of market numbers, such as
volume, value, forecasts, dynamics, segmentation and market structure – past,
present and future;
·
Gain competitive intelligence about the
market at low cost as compared to other reports;
·
Understand growth potential countries
and regions, opportunities, growth drivers and barriers on the market;
·
Own data spreadsheet for comparison at
global, regional and for individual country, covered in the report;
·
Analyse countries with highest and
lowest demand for Power Inductor and countries in each region which will grow
at highest growth in next five years.
·
Strategically plan business strategy
based on verified market data and expert insights;
·
Identify revenue generation
opportunities in the countries and regions within the market;
·
Get market trend data of last 10 years
and how market growth will unfold in next ten years;
·
Market share analysis and positioning
of leading market players;
·
Get an assessment of competitive
intensity, fragmentation and environment and understand competitive threats;
·
Get hands on data your competitors
might already have and be acting upon;
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Assess your position on the market,
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Extensive analysis of all required
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strategy, product and business development, consumption and supply functions
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Assess market attractiveness and BPS
analysis for region and country and strategies business activities;
·
Develop your own market entry or market
expansion strategy or validate your current strategy;
·
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What
Kind of Decisions You Can Make Based on the Data in This Report?
This
report detailed and all-inclusive data on Power Inductor Market, providing
valuable support to make vital decisions regarding:
·
Strategic planning;
·
Industry analysis;
·
Target Market/Marketing and sales;
·
Regional and country assessment and
opportunity analysis;
·
Market entry into new product group or
country;
·
Pricing of existing and new products;
·
New product development and Innovation
in existing products;
·
Supply chain management;
·
Market evaluation;
·
Mergers, Expansions, Joint Ventures and
acquisitions.
Who Is
This Report for?
This
report is intended to give broad overview of market to people who already are
working on this market:
·
C-suite Level executives;
·
Directors;
·
Industry strategists;
·
Marketing professionals;
·
Business development professionals;
·
Product developers;
·
Product marketers and strategists;
·
Product managers;
·
Project managers;
·
Suppliers;
· Traders;
This
report also caters to people who are not involved in the market,
representatives of investors, consultants, advisors and financial institutions:
·
Management consultants;
·
Investment managers;
·
Financial professionals;
· M&A managers.
Regional
Coverage
The report on the global Power Inductor Market breaks down
the world into the following regions & countries and covers every single
one of them:
Report
Customization
If the report as is does not serve your market research needs, get it customized at free of cost, as per your own specific requirements. Feel free to contact us for more information!