Inductors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2024
Inductors
are passive electrical components possessing two terminals which can
store electrical energy in the form of magnetic energy. They mostly use a
conductor which is looped into a coil. When electricity flows through
this coil from the left to the right, a magnetic field is generated in
the clockwise direction.
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All
conductors exhibit a certain amount of inductance because there exists a
current to be opposed. Inductors aim to generate this inductance, which
is nothing but a magnetic field created by altering the current flowing
across a medium. The amount of current required to create a magnetic
field of a certain power decreases when a wire is wrapped around the
inductor into a coil. Inductors are commonly wrapped around a core
material (usually iron) to increase their inductance.
Inductors
are frequently observed in signal processing and analog circuit
applications. They form tuned circuits when combined with capacitors,
which screen out particular signal frequencies. Power supply requires
large inductors, whereas broadcasting and radio reception applications
need smaller ones. A transformer, created using two or more inductors,
is employed in electric utility power grids. Inductors are also utilized
in several wireless communications applications (with capacitors) as
well as electrical transmission systems.
Inductor Market Trends
A
major application of inductors is in filters (produced using inductors
along with capacitors and resistors) which are employed in analog
circuits and signal processing. If the inductor is used alone, it acts
as a low-pass filter, because its impedance increases with the frequency
of a signal.
Inductors
can detect magnetic fields or the existence of magnetically permeable
material from a distance. One such example is the inductor sensor used
in traffic lights to identify the amount of traffic and regulate the
signal appropriately.
Transformers
are formed when inductors with a shared magnetic path are combined.
They are used in power supply and are an essential component of national
electrical grids. They also increase or decrease voltage to a preferred
level.
Usually,
inductors are fixed to a point so as to not allow them movement to
align themselves with any magnetic field in their vicinity. The magnetic
force (used to convert electrical energy into mechanical energy) is
influenced by inductive motors, the design of which allows the creation
of a rotating magnetic field in time with an AC input.
Inductors
can also be used for energy storage in switch-power supplies, such as,
for instance, in a PC. However, they exhibit certain time limitation in
terms of how long the energy can be stored for, because the magnetic
field collapses when power is removed.
Inductors Market Segmentation
Rising
demand for tablets, smartphones, laptops, servers, set-top boxes,
Blu-ray recorders, portable gaming devices, and GPS products is expected
to propel the market in the region. Demand for ICs is also increasing
because of innovative technical developments in consumer electronics.
This segment is likely to drive the inductors market due to inductors
being a fundamental part of consumer electronic devices.
Based
on type, the market can be segmented into the following varieties:
fixed inductor, variable inductor, coupled inductor, multilayered
inductor, choke, and others.
In
terms of material, the market can be divided into the following
categories: air core, ferromagnetic core, ceramic core, and others.
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By application, the divisions include filters, sensors, transformers, motors, energy storage, and others.
End-users
include the automotive, transmission & distribution, industrial, RF
& telecommunication, power/energy, military & defense, and
consumer electronics sectors.
Inductors Market: Region-wise Outlook
Asia
Pacific is anticipated to hold a major share in the global inductor
market (as well as higher growth rate), owing to the region being the
epicenter of electronics industry as well as the rising number of
manufacturing hubs in China, India, Japan, and Taiwan. It is followed by
North America.
Inductors Market: Key Players
Key
players operating in the inductors market include Future Lighting
Solutions, Bourns Inc., API Delevan, Eaton, Johanson Technology Inc.,
NIC Components Corp., SUMIDA CORPORATION, Panasonic Corporation, EPCOS
AG, and Murata Manufacturing Co. Ltd.
The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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