Owing to advancements in technology, the use of consumer electronic devices has greatly increased over a previous couple of years. The power inductor market is go through steady growth, owing to the increasing number of latest product introductions within the consumer electronics sector, growing use of inductors in automotive electronics applications, rising demand for passive electronic components, and rising adoption of smart grids.
The automotive industry is expanding continuously, due to technological advancements during this sector. These advancements have increased the assembly of automated cars and specialize in the assembly of electrical vehicles.
“The Power Inductor market was valued at US$ XX Bn in 2018 and it is expected to reach more than US$ 2.64 Bn by 2027, Likely to Grow with a CAGR of XX% during the forecast period”
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The SMD power inductor segment is anticipated to dominate the worldwide power inductor market throughout the forecast period, as SMD power inductors are smaller in size also as magnetically shielded. Also, they need high current capacity, and hence, are suitable for handling high currents. SMD power inductors are less costly than through-hole power inductors, and hence, are largely utilized in consumer electronic devices. SMD power inductors are ideal to be used in DC–DC converters. Thus, the demand for SMD power inductors is probably going to extend within the near future.
Asia Pacific dominated the worldwide market, holding 56.02% of the market share in 2018. The market within the region is predicted to expand at a big CAGR during the forecast period. The dominance of Asia Pacific is anticipated to further increase in the near future, due to the presence of an outsized number of market players and extensive research & development activities happening within the field of power inductors within the region. In Asia Pacific, China is anticipated to be a serious marketplace for power inductors within the near future. The rising use of power inductors within the consumer industry in China is probably going to drive the market within the country during the forecast period.
With the target of business expansion, several players operating within the global power inductor market are expanding their offerings through investments in new development. An increasing number of players are spending expressively on R&D activities to improve technologically-advanced power inductors. Some of the prominent players operating in the global power inductor market are TDK Corporation, Murata Manufacturing Co., Pulse Electronics Corporation, AVX Corporation, Samsung Electro-Mechanics Co.,Ltd., SUMIDA CORPORATION, Bourns, Inc., ETAL Group, Vishay Intertechnology, Inc., West Coast Magnetics Corporation, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
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e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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