An inductor refers to an electric device which comprises of one or more turns of wire and typically having two terminals. The inductance is reliant on various factors such as number of turns in the coil, coil length, coil area, and material type. It store electrical energy in the form of a magnetic field around the current carrying conductor and they are widely used in alternating current (AC) applications that includes radio, TV communications equipment, and others.
The market has been segmented by type, technology, applications, and end user industry. Based on the type the market is segmented into fixed and variable inductors. On the basis of technology, the market is classified into wire wound, multilayer ferrite, multilayer ceramic, film, laser cut, and others. By applications, the Inductors Market is segmented into filters, sensors, transformers, motors, energy storage components, and others. For end use applications, the market is classified as consumer electronics, telecommunications, industrial, automotive, healthcare and among others.
Increasing demand for smart grids and automotive owing to power efficiency and compactness of devices is the major factor driving the inductor market. Revolutionary developments in telecommunications as well as in the integration of chips pegged the demand for inductors across the globe. Rising sophistication technologies across various end user industries is also one of the factors driving the inductor market.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. APAC is the dominating market which held a major revenue share in 2017 and is estimated as fastest growing market during the forecast period, mainly driven by rising demand for urbanization and employment opportunities across the region.
Sample Companies Profiled in this Report are:
- Inductor Supply, Inc.
- TDK Corporation
- Murata Manufacturing Co., Ltd.
- AVX Corporation
- Sumida Corporation
The methodology for estimating the Inductors Market involved demand in the various industries. The segmentations have been cross-mapped extensively to understand various market dynamics. Simultaneously, the companies involved at integration and distribution level were also studied from the perspective of their services, geographical presence, annual turnover and few other parameters to substantiate the estimations. All these estimations were further validated through primary research and industry experts.