San Francisco, California, January 03, 2017: The global inductor market owes its rising relevance to the multiple industries where it comes in as a handy technique. An inductor possesses the ability to generate a magnetic field and successively store electric energy. This spills the utility of the inductors across a range of industries, giving a boost to the global market for inductors. The energy sector has come under the spotlight of attention across various regions and there are concerted efforts to conserve various forms of energy. This acts as a media of growth for the inductors market and offers immense scope to the various vendors operating in the market. Moreover, inductors also find their applicability across several realms such as telecommunications, power, aerospace, automotive, defense and military, and electronics. This establishes the omnipresence of inductors and offers a prolific boost to the market. TMR’s report titled “Inductor Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”, estimates that the global market for inductors would grow at a respectable pace over the coming years. The advent of rapid urbanizations is expected to be an inherent factor contributing to the wellness of the market.
Inductors have an array of categories spanning across RF inductors, coils, chokes, multi-layered inductors, and coupled inductors which can employed for preserving energy in various domains. The global awakening towards sustaining energy and deploying pragmatic solutions to effectuate energy saving has led to the demand for all the types of inductors. The wide range of inductors available within the market assist in the functioning of multiple machines such as transformers, motors, sensors, and filters. Thereby, the growth of machinery and the rise in automation across a multitude of areas shoots up the demand for inductors. The fixed inductors are an essential object for meeting the needs of consumer electronic products. Furthermore, traffic control systems also use inductors to devise sensors while Switch Mode Power Supply (SMPS) units deploy them for energy storage.
The telecommunications industry is an important end-user of the inductors that are extensively used for channeling 4G technologies and LTE networks. Besides this, miniature products have cropped up on the global landscape that aids the market for inductors. Strict policies to enforce TPMS systems along with the electromagnetic compatibility (EMC) norms have skyrocketed the prospects of growth in the global market. The technological advancements such as the provision of navigations systems and infotainment systems in vehicles requires the use of inductors, thus, offering commendable growth opportunities within the market.
The regional outlay of the market spans across the geographical pockets of Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. Due to the rising demand for inductors from the manufacturing units in China, India, Japan, and South Korea, the market in Asia Pacific engulfs immense potential for growth. Moreover, the availability of skilled labor at ridiculously low prices in this region prompts several companies to outsource their operations to Asia Pacific furthering the regional supremacy here. It is anticipated that the market in Asia Pacfic would prove to be the most lucrative in the coming years.
The leading market players for inductors include TDK Corporation, Caddell-Burns Manufacturing Co. Inc., TT Electronics Plc., Chilisin Electronics Corp., Houston Transformer Company, Ltd., AVX Corp., Vishay Intertechnology Inc., Panasonic Corporation, Datatronic Distribution Inc., TOKO Inc., BI Technologies CorporationPulse Electronics Corporation, Coilcraft, Inc., Sumida Corporation, Delta Electronics Inc., API Delevan Inc., Taiyo Yuden Co. Ltd., and Murata Manufacturing Company Ltd.
Get Sample Copy of this Report