Industry Outlook and Trend Analysis
The Power Inductors Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. Power inductors are critical in applications where voltage change is important on the grounds that they yield less core losses. Power inductors are majorly used to store energy, facilitate lower signal loss in system design and filter EMI noise. A power inductor is an electronic part which receives and stores electrical vitality by using a magnetic field. This magnetic field is generally made with a firmly coiled conductive wire. A power inductor keeps up a consistent current in an electrical circuit with a changing current as well as voltage.
Drivers and Restraints
The growing usage of inductors in servers, smartphones, notebooks, tablets and portable gaming devices, GPS products, owing to their capacity to withstand large currents, small size and low DC resistance, is a major driver for the market’s development. The swift growth in consumer electronics consumption across the world is a significant breakthrough in the market. The worldwide smartphones shipments grew from 0.52 billion units in 2012 to 1.51 billion units in 2016. Nonetheless, smartphones have attained the maturity in penetration and are expected to witness a stable growth in the forecast period.
Market Segmentation
The Power Inductors Market is segmented on the basis of product and end user. Based on product the market is segmented into SMD Power Inductors and Plug-in Power Inductors. Based on application the market is segmented into Mobile Phone, Consumer Electronics, Computer and Office, Automotive, Industry, Telecom/datacomm and others. The opportunities for inductors in the automotive sector include – collision avoidance systems, radar systems, and electronic braking. The drive to improve drivetrain efficiency, especially in hybrid electric drivetrain, is anticipated to provide a significant opportunity for inductor manufacturers.
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Regional Outlook and Trend Analysis
In the course of the recent decade, inferable from the low transport and raw material cost, Asia-Pacific has been the prime goal for makers of numerous nations. Attributable to these components the manufacturing facilities of numerous nations are situated in Asia-Pacific. These organizations have been experiencing numerous progressions, for example, the advent of patterns, similar to Industry 4.0, which have been expanding the amount of automation of processes, in this way prompting an expanded usage of inductors, attributable to their essence in numerous electronic assemblies.
Competitive Insights
The leading players in the market are Sagami Elec, Vishay Intertechnology, Delta Electronics India Pvt. Ltd, Panasonic, Taiyo Yuden, Mitsumi Electric, Murata Manufacturing, API Delevan, TDK, Chilisin Electronics Corp and Sumida Corporation. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Power Inductors Market is segmented as follows
By Product:
SMD Power Inductors
Plug-in Power Inductors
By End User:
Mobile Phone
Consumer Electronics
Computer and Office
Automotive
Industry
Telecom/datacomm
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
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Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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