Global Power Inductor Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Core (Shielded, Non-Shielded), By Material (Air Core, Iron Core, Metal Alloy, Ferromagnetic/Ferrite Core), By Mounting (Surface Mounting Technology, Through Hole Technology), By Type (Wire wound, Thin Film Power Supply), By Application (Consumer Electronics, Automotive, Industrial, Healthcare, Others), By Region (North America, Asia-Pacific, Middle East & Africa, CSA, Europe), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Power Inductors Market Insights
The power inductors market is expected to grow in an upward direction during the forecast period. The power inductor is useful in enhancing the characteristics of the DC-DC converters. Power inductors help reduce the system cost and also offer a multiphase design. The demand for power inductors can be justified with the rise in hybrid and battery-powered technologies in the automotive industry as a greater need for ECU’s would be required to sustain these advances. The ideal packaging and saturation characteristics of the power inductors are excellent to meet the demand for the rising powertrain technology. The launch of new power inductors under the Lmax series is suitable for use in mobile phones, computers, and telecommunication equipment. Multiple uses in various industry verticals will lead to high market growth for power inductors.
Power Inductors Market: By Core
Based on the core, the market considers shielded and non-shielded into being. The shielded inductor will follow the rising trend in this market. They are efficient in reducing the power supplies noise in commercial, automotive, and industrial units and designs leading to their effective implementation and high growth in the market. The non-shielded segment too would grow in an upward direction in this market. The trending non-shielded inductors by Bourns provides are exploited for power filtering and conditioning and also have the added advantage of low emissions.
Power Inductors Market: By Material
Based on the material, the market considers air core, iron core, metal alloy, and ferromagnetic/ferrite core into account. The air conductors segment would have a huge market dominance owing to its useful applications in varied electronic items such as computers and radio. The metal alloy segment will also trend upwards in this market. This technology has effective use in the automotive industry addressing renewable energy demands.
Power Inductors Market: By Mounting
Based on the mounting, the market takes surface mounting technology and through-hole technology into account. The mounting technology is expected to rise upwards during the forecast period. The through-hole technology is expected to rise upwards in this market. They are a popular choice among the manufacturers and engineers as they are coupled with the breadboard sockets which leads to their high industrial use in the market
Power Inductors Market: By Type
Based on the application, the market takes wire wound and thin-film power supply into account. The thin-film power supply segment will occupy a major share during the forecast period. With the growing voltage needs in smartphones and tablets, the thin-film power supply is constantly evolving and is being launched at a high rate.
Power Inductors Market: By Applications
As per the applications, the market considers automotive, consumer electronics, and healthcare among others. The automotive segment is expected to have a huge market dominance during the forecast period. The industry is advancing and rapidly adopting new hybrid technologies, which in turn leads to a high demand for power inductors to address energy needs. The consumer electronics segment too would follow an upward growth path. The introduction of new technologies like smart homes, 5g enables smartphones and wearables will have high voltage needs leading to further growth for the power inductors products in the market.
Power Inductors Market: By Region
Given the region, the market forecasts that Asia-Pacific to be the leading region for this market. The region has a growing automotive and consumer electronics industry which leads to high market demand for power inductors. The presence of leading electronics companies such as LG, Samsung, Lenovo, and Panasonic among others are boosting the market growth.
Power Inductors Market Share and Competitive Analysis
Key players operating in the market include Bourns, API Delevan, Standex Electronics, BI Technologies, Cambion, Bel Fuse Inc, Allied Components, Abracon Corp, EPCOS, Filtran Ltd, Inpaq Technology, Vishay, Coilmaster Electronics, Teknel, Cleem Enterprise, Gola Electronics, SNG Control, Synchro Electricals, RR Component, and Sun Light among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2020, Samsung launched the smallest power inductor with unique designs
Check the Press Release on Global Power Inductor Market Report
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The Global Power Inductor Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Power Inductor Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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