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Technological research and development have brought a superior solution to consumer electronics. Over the years, the world has seen a massive surge in demand for electronic goods and continuously raised the concern for the efficient operation of equipment. Industrial leaders are incessantly researching on enhancing the operational performance of consumer electronics.
Power inductors are the most important inductors used for energy storage in DC/DC converters or high current noise filter applications, including motor speed control adjustable lighting, DC power conditioning, and handle power capability in system designs. This would result in high performance, a rugged constructed design which lowers the overall cost of the system.
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As the battery-powered devices are persistent to be designed and produced with slimmer profiles, implementation of compact component is necessary that able to perform a variety of functions. Therefore, the power inductor is gaining popularity due to its numerous advantages.
Power inductors market is segmented into type and end-user. Type is further divided into Through-Hole and Surface Mount power inductors. Surface mount power inductors (SMD) are used to store energy while filtering EMI currents with low loss inductance for voltage conversion applications.
They are used in numerous applications where there is a requirement of minimal circuit board space, and power inductors provide high performance, a multiphase design that significantly reduces the overall system cost. The power inductor gaining traction owing to massive consumption of consumer electronics and currently the upliftment of EV due to stringent emission norms is adding positive outlook for power inductors market.
Power inductors are crucial in voltage conversion applications and to store energy in the form of the magnetic field which is necessary for battery-powered miniature portable electronics such as mobile phones, notebook PC’s, gaming consoles, etc. Furthermore, the growing consumption of consumer electronics is accelerating the market growth of power inductors.
The volatile prices of raw material which required for the manufacturing of power inductors and stringent government regulations cap on manufacturers are obstructing the growth of the power inductors market.
The crucial players in the power inductors market are TDK, Murata, Pulse Electronics Corporation, Coilcraft, Inc., Vishay Intertechnology, Inc., Sumida Corporation, AVX Corporation, Bharat Electronics, Gowanda Electronics, Cyntec Co., Ltd., Wurth Electronics Midcom, and Taiyo Yuden.
· Surface Mount
· Consumer Electronics
· Aerospace and Defence
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The global power inductors market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is estimated to see a surge in demand for power inductors owing to digital transformation and high consumption of consumer electronics. With innovations in advance technology for efficient voltage regulation, the power inductors market is expected to see a positive outlook. The European countries are rolling out strict emission norms for IC engine propelled cars, and many industries are investing in EV which expected to boost the power inductors market. Similarly, the growing the market of renewable energy and energy storage system is adding extra benefits to power inductors market. The Asian countries are estimated to see ever grossing demand for power inductors owing to the enormous consumption of consumer electronics such as mobile phone, notebooks laptops, electronic gadgets, etc. Also, the ongoing development in electrification projects is expected to drive the power inductors market in the Asia Pacific market.
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