Key players in the power inductor market include Kyocera AVX Components Co., Ltd., Samsung Electronics Machinery Co., Ltd., Vishay Intertechnology Co., Ltd., Alps Alpine Co., Ltd., Delta Electronics Co., Ltd., Bournc, Inc., Shenzhen Sunroad Electronics, and ABC. included. Taiwan Electronics, Pulse Electronics, TE Connectivity, etc.
NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) — The global power inductor market size is expected to grow at a CAGR of over 5.5% from 2024 to 2036. The market is expected to garner a revenue of USD 6.4 billion by the end of the year The main factor driving the market expansion is the growing demand for electric vehicles. Nearly 9 million electric vehicles will be sold in 2022, and sales are expected to increase by approximately 35% in 2023. As a result, the power inductor market is predicted to grow.
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Additionally, governments in several countries have introduced various strict regulations to increase the demand for electric vehicles. For example, with a focus on accelerating the adoption of EV tariffs in India, the Indian government in a recent official gazette notification has extended the FAME-II scheme for two years till March 31, 2024 and initiated several important amendments. . Therefore, this factor is also expected to increase the demand for power inductors.
Power inductor market: key points
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Generate the highest revenue in the Asia-Pacific market.
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The household appliances sector collects the maximum market revenue.
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The North American market is experiencing rapid growth.
Growth of IoT connected devices drives global power inductor market growth
There are currently approximately 13 billion connected IoT devices in the world. Therefore, the usage of power inductors is also expected to increase. Additionally, with the growing demand for IoT, the adoption of 5G networks is also rapidly increasing. The deployment and rise of 5G networks requires high-performance and high-frequency electrical components, including power inductors, to support faster data and more connections.
Power Inductor Industry: Regional Overview
global power inductor market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions.
Increased investment in AI to drive market expansion in Asia Pacific
The Asia-Pacific power inductor market is expected to capture the highest share of around 32% in the coming years. The main factor governing market growth in this region is the increasing investment in AI. In the Asia-Pacific region, companies are expected to nearly triple their investments in generative artificial intelligence (Gen AI) to around US$3 billion in 2024.
Increasing disposable income impacts North American market growth
The North American power inductor market is expected to experience significant growth in the coming years. This growth is projected to be driven by rising disposable income, which will further impact automotive growth. Disposable personal income of US citizens jumped from approximately US$20,588 billion in December 2023 to US$20,655 billion in January.
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Power inductor segmentation by application
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home appliances
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car
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industrial
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health care
The household appliances segment is expected to capture the highest market share of around 42% in the coming years. This growth will be dominated by the increasing penetration of smartphones. Currently, the number of smartphone consumers worldwide has reached nearly 4 billion people, which indicates that about 59% of the world's population uses smartphones.
Segmentation of power inductors by core
The shielded segment is expected to capture the highest share of over 65% in the coming years. The main factor driving growth in this sector is the growing demand for passenger vehicles. In 2022, approximately 56 million passenger cars were sold worldwide, an increase of more than 2% year-on-year.
Power inductor segmentation by material
Power inductor segmentation by implementation
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surface mount technology
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Through hole technology
Power inductor segmentation by type
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winding wire
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multilayer
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thin film power supply
The prominent market leaders of the global power inductor market profiled by Research Nester include Kyocera AVX Components Corporation, Samsung Electric Co., Ltd., Vishay Intertechnology, Inc., Alps Alpine Corporation, Delta Electronics, Inc., and Bournc, Inc. , Shenzhen Sunlord Electronics, ABC Taiwan Electronics, Pulse Electronics, TE Connectivity, etc.
Recent developments in the market
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The release of new models SRPO3-LAB, SRPO4-LAB, SRPO5-LAB, and SRPO6-LAB has been announced by Bourns Inc. The primary purpose of these kits is to provide engineers with a variety of inductances, current ratings, and sizes for quick-turn prototypes. Under test.
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The IHLE expansion was announced by Vishay Intertechnology Inc. This inductor is considered low profile, high current, and has integrated E-shielding to further reduce EMI.
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