Inductor Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON , UK, June 27, 2024 /EINPresswire.com/ -- The inductor market is set for substantial growth driven by technological advancements and increasing applications across various industries. Starting from a valuation of $4.33 billion in 2023, the market is expected to reach $4.6 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.2%. This growth trajectory is projected to continue, reaching $5.89 billion by 2028, with a CAGR of 6.4%.

Technological Advancements Fuel Market Expansion
The burgeoning demand for consumer electronics, automotive electronics, and renewable energy sources underscores the critical role of inductors in modern electronic circuits. These passive components, crucial for energy storage in magnetic fields, are witnessing increased adoption due to their reliability and durability across diverse applications. The market's growth is further propelled by advancements such as miniaturization, integration, and the development of high-frequency and high-power inductors.

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Inductor Market Key Players and Market Trends
Leading companies like TDK Corporation, Murata Manufacturing Co Ltd, and Vishay Intertechnology Inc. are pivotal in driving market growth through innovative product developments. For instance, recent innovations include automotive-grade semi-shielded power inductors designed to meet stringent performance requirements in electric vehicles and industrial automation.

In a strategic move, iNRCORE LLC's acquisition of Vanguard Electronics enhances product offerings and market presence, highlighting industry consolidation and expansion strategies.

Inductor Market Segments Driving Market Expansion
The inductor market analyzed in this report is segmented by type, inductance, core type, application, and end-user verticals, catering to diverse industry needs such as automotive, industrial, telecommunications, and healthcare.

Geographical Insights: Asia-Pacific Leads Growth
North America dominated the inductor market in 2023, driven by robust industrial and consumer electronics sectors. However, Asia-Pacific is poised as the fastest-growing region during the forecast period, fueled by increasing adoption of IoT devices, electric vehicles, and advancements in telecommunications infrastructure.

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Inductor Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Inductor Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on inductor market size, inductor market drivers and trends, inductor market major players, competitors' revenues, market positioning, and market growth across geographies. The inductor market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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