Global Inductor and Transformer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Inductor and Transformer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An inductor is a passive two-terminal electrical component. It is made of an electrical conductor for example, a wire, normally wound into a coil. A current flowing through it will store energy temporarily in a magnetic field in the coil. If the current flowing through changes, this creates a voltage.

A transformer consists of two coils of insulated wire. In most transformers, the wires are wound around an iron-containing structure called the core. One coil (the primary), is connected to an input source of alternating current that produces a constantly varying magnetic field around the coil. This in turn, produces an alternating current in the other coil. This coil (the secondary), is connected to a separate electric circuit, to give an output.

Market Overview:

The latest research study on the global Inductor and Transformer market finds that the global Inductor and Transformer market reached a value of USD 5296.17 million in 2022. It’s expected that the market will achieve USD 8368.84 million by 2028, exhibiting a CAGR of 7.92% during the forecast period.

Drivers

The rise of smart grids and automotive, demand for compact and light weight devices and power-efficiency is driving the inductor market. Especially power Inductors are playing a key role in the Inductor market. Revolutionary developments in telecommunications as well as in the integration of chips raised the demand for inductors. Increasing sophistication in mobile devices is also one of the factors driving the inductor market. The demand of electricity is rising with the growing population and industrialization. This has increased the number of power plants globally and the electricity generation capacity. At the same time, world requires a sustainable, reliable and affordable energy which has driven the growth in renewable energy integration and smart grids. These factors will escalate the demand of power transformers during the forecast period. Replacement of aging infrastructure, expansion of Transmission and Distribution network, new technologies in power sector will also drive the market in future.

In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Inductor and Transformer.

Region Overview:

Japan had the highest growth rate of all regions.

Company Overview:

TDK Corporation is one of the major players operating in the Inductor and Transformer market, holding a share of 12.34% in 2018.

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Magnetic Application Products, Film Application Products, and Other segments. The Passive Components segment provides ceramic capacitors, aluminum electrolytic capacitors, film capacitors, high-frequency components, piezoelectric materials, circuit protection components, and sensors, as well as inductive devices, such as coils, ferrite cores, and transformers. The Magnetic Application Products segment offers hard disk drives (HDD) heads, HDD suspension assemblies, magnetic sensors and so on.

Murata Manufacturing designs, manufactures, and sells electronic components in Japan and internationally. It offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power devices, small energy devices, batteries, micro mechatronics, RFID/NFC devices, matching devices, baluns, couplers, filters, phase shifters, RF switches, frontend modules, SAW components, connectors, antennas, isolators, RF modules, ultra-low-power short-range RFIC products, substrates, low power wide area network products, wireless connectivity platforms and so on.

Segmentation Overview:

By type, Inductor segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Consumer Electronics segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Inductor and Transformer market covered in Chapter 3:

Guangdong Fenghua
Coilcraft
Shenzhen Microgate
TDK Corporation
Tamura
Samsung Electro-Mechanics
Panasonic Corporation
Yageo Corporation
Murata Manufacturing
Delta Electronics
Payton Group
Taiyo Yuden
Sunlord Electronics
Vishay Intertechnology
Sumida

In Chapter 4 and Chapter 14.2, on the basis of types, the Inductor and Transformer market from 2018 to 2029 is primarily split into:

Inductor
Fixed Inductor
Variable Inductor
Transformer
Planar Electronic Transformer
Wire Wound Electronic Transformer

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Inductor and Transformer market from 2018 to 2029 covers:

Automotive
Industrial
RF and Telecommunication
Military and Defense
Consumer Electronics
Transmission and Distribution
Healthcare

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)