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Large Inductors to be Used in Several Industry: Current Growth & Future Analysis by 2022

Friday, March 17, 2017 0:21
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(Before It's News)

The inductor market is expected to grow from USD 3.01 Billion in 2015 to USD 3.94 Billion by 2022, at a CAGR of 3.93% between 2016 and 2022.

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The growth of this market is propelled by the increasing number of product launches and developments in the consumer electronics sector, rising demand for passive electronic components, growing use of inductors in automotive electronics, and increasing adoption of smart grids.

This report covers the inductor market segmented on the basis of type, core type, application, and geography. Fixed inductors are expected to hold a major size of the market during the forecast period.

The various types of fixed inductors include power inductors, RF inductors, multi-layered inductors, coupled inductors, and others (chokes, coils, surface mount inductors, and molded inductors); these inductors are used in filters, sensors, transformers, motors, energy storages, among others.

Fixed inductors help in achieving smaller form factors for consumer electronic products, owing to their compact size and light weight. The automotive industry requires robust inductors that can operate at extreme temperatures. Fixed inductors can sustain high temperatures and can operate in extreme environments; hence, the demand for these inductors is likely to increase in the near future.

The market for automotive applications is expected to grow at a high rate between 2016 and 2022. Inductors, in the automotive industry, are used in applications such as EMI filtering of high-power lines and energy storage for high-frequency DC-to-DC converters.

APAC is one of the largest manufacturing hubs for automobiles in the world. The investment in the automotive sector in countries such as India, China, South Korea, and Japan is rising. Inductors are an essential component in automobiles; hence, APAC is likely to lead the overall market for automobile applications during the forecast period.

North America (comprising the U.S., Canada, and Mexico) produced 9,236,869 units of cars and commercial vehicles in 2016 (Q-2), which was more than the units of cars and commercial vehicles produced in the region in 2015. Thus, North America is likely to witness a substantial growth in the demand for inductors for automotive applications.

The investments in the consumer electronics and automotive sectors in countries such as India, China, South Korea, and Japan are increasing, and inductors are an essential component in consumer electronics and automobiles. Hence, the market in APAC would grow at a high rate, and the region is likely to hold a major share of the overall inductor market, during the forecast period.

The major players in the inductor market include TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Vishay Intertechnology Inc. (U.S.), Taiyo Yuden Co., Ltd. (Japan), Chilisin Electronics Corp (Taiwan), Delta Electronics, Inc. (Taiwan), Panasonic Corporation (Japan), ABC Taiwan Electronics Corporation (Taiwan), Pulse Electronics Corporation (U.S.), Coilcraft, Inc. (U.S.), Shenzhen Sunlord Electronics Co., Ltd. (China), Bourns, Inc. (U.S.), Sumida Corporation (Japan), ICE Components, Inc. (U.S.), and AVX Corporation (U.S.).

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