Power Inductors Market Size and Growth Rate:
The market for Power Inductors was valued at $ 4231.7 million in 2017 and is expected to reach $ 5157.3 million in 2023, at a compound annual rate of 3.57% for the forecast period (2018-2023).
Power Inductors Market Growth Drivers, Challenges and Opportunities:
The growing use of power inductors in smartphones, tablets, laptops, servers, handheld gaming devices and GPS products is the main driver of market growth, as it offers a resilience to strong currents and low DC resistance. The rapid growth of consumer electronics penetration around the world is driving the development of the energy inductor market. The development of touch screens and other advanced features in consumer electronics has increased consumer interest in technology and allowed them to spend on the purchase of various products. Power inductors produce less core losses, so they are important in various applications where voltage conversion is required. The demand for surface mount power inductors (SMDs) is increasing in applications where the voltage conversion is performed quickly because they are capable of storing energy with a low loss inductance.
In addition, manufacturers have not been able to reduce the size of the power inductors, where the inability to create more compact products with increasing demand and the trend toward miniaturization can hamper the overall growth of the market.
In addition, the pursuit of R&D activities in the field of inductance related electronics has reduced weight and improved surface mount methods, which are among the factors providing opportunities for power inductors.
Geographical Overview of Power Inductors Market:
Geographically, the market for electrical inductors is segmented in North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The Asia-Pacific region is expected to experience significant growth due to increases in average disposable income and economic growth in most developing countries. The growing popularity of several state-of-the-art consumer electronics products is also contributing to the growth of the Asia-Pacific energy inductor market.
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Key Players of Power Inductors Market:
Some of the leading market players of Power Inductors Market are Sagami Elec, Vishay Intertechnology, Delta Electronics India Pvt. Ltd, Panasonic, Taiyo Yuden, Mitsumi Electric, Murata Manufacturing and others.
Power Inductors Market Segmentation:
- SMD Power Inductors
- Plug-in Power Inductors
By End User:
- Mobile Phone
- Consumer Electronics
- Computer & Office
- North America
- South America
- Middle East and Africa
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