Power Inductor Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

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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;

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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:

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