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Global inductor market logs 6.2% CAGR from 2014-2019

Posted: 05 Mar 2015 ?? ?Print Version ?Bookmark and Share

Keywords:MicroMarket Monitor? inductor? consumer electronics? military? telecommunication?

The global inductor market was valued at $2.78 billion in 2014, and is predicted to hit $3.75 billion by 2019, according to the latest report from MicroMarket Monitor. In addition, a CAGR of 6.2 per cent from 2014 to 2019 underlines robust performance in the coming years, noted the market research firm.

Inductor is an integral part of every electronic device. It is a passive electronic component that has applications in various areas such as automotive, transmission and distribution, RF and telecommunication, military and defence, consumer electronics and several other industries. An inductor connected in a series or parallel with a capacitor provides discrimination against unwanted signals.

Therefore, inductors are widely used in power management, especially in switch mode power supply (SMPS) circuits that are used to store and release energy. There are various types of inductors having different sizes, features and applications. With the rapid advancement in technology, the manufacturers are emphasising on reducing the size of inductors while increasing its capabilities.

Geographically, the report segments the global inductor market into North America, South America, Europe, Asia-Pacific and Rest of the World (RoW), wherein the Asia-pacific caters more than half of the global demand for inductors. The market is also segmented and forecast based on different types of inductors such as fixed inductor, variable inductor, coupled inductor, multilayer inductor, power inductor and surface mount inductor. Moreover the market is divided based on different types of core used in inductors such as air core, ferromagnetic/ferrite core, laminated core, ceramic core and toroidal core. The global inductor market is also categorised on the basis of the different application areas of inductors.

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