Global Coupled Inductor Market

Global Coupled Inductor Market Size, Share, Growth Analysis, By Phase(Single Phase and Multi-Phase), By Application(Converters, Transformers), By End User(Electronics and Electrical, Telecommunication) - Industry Forecast 2024-2031

Report ID: SQMIG20D2078 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 90 | Figures: 77

Global Coupled Inductor Market Regional Insights

The market for coupled inductors is predicted to be the largest in the Asia-Pacific region as a result of the growing demand for consumer electronics, cars, and renewable energy systems. The demand for smartphones, laptops, and other electronic devices is expected to rise along with the swift penetration of renewable energy sources in countries like China and India. As a result, coupled inductor demand in the Asia-Pacific area is likely to rise.

North America and Europe are anticipated to be significant markets for coupled inductors due to the large number of major technology companies in these different continents. The main factors driving coupled inductor demand in North America are expected to be the increased usage of renewable energy sources and the rising interest in electric and hybrid vehicles. Similar to this, linked inductors are expected to be in great demand in Europe due to the expanding usage of high-power, energy-efficient electronics.

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Global Coupled Inductor Market size was valued at USD 428.54 million in 2022 and is poised to grow from USD 434.15 million in 2023 to USD 481.79 million by 2031, at a CAGR of 1.31% during the forecast period (2024-2031).

The coupled inductor market is highly fragmented and competitive, and it has a number of significant players that trade globally. To enhance their competitive position and increase the size of their customer base, these companies are putting their attention on tactics like new product launches, alliances, collaborations, and mergers. For instance, Würth Elektronik launched its new coupled inductor series in 2021 for high-current uses in industrial, renewable energy, and electric car applications. 'Würth Elektronik GmbH & Co. KG', 'Pulse Electronics Corporation', 'Vishay Intertechnology, Inc.', 'Coilcraft, Inc.', 'TDK Corporation', 'Sumida Corporation', 'Taiyo Yuden Co., Ltd.', 'Murata Manufacturing Co., Ltd.', 'Bourns, Inc.', 'Eaton Corporation', 'Buerklin GmbH & Co. KG', 'Standex Electronics, Inc.', 'Laird Technologies, Inc.', 'Ice Components, Inc.', 'MAG Layers USA, Inc.', 'Delta Electronics, Inc.', 'Frontier Electronics Corp.', 'Mouser Electronics, Inc.', 'Littelfuse, Inc.', 'Infineon Technologies AG', 'Others.'

The growing electronics industry is anticipated to propel the coupled inductor market ahead. The worldwide electronics market has experienced significant shifts over the last twenty years, particularly in countries such as China, India, and Japan. The need for semiconductor and inductors has significantly increased with the widespread use of consumer electronics, medical technology, and home appliances. Moreover, the need is expected to rise due to significant investments in R&D, technological development, and automation. The sector is also influenced by the increasing use of the Internet of Things (IoT) and artificial intelligence (AI). As a result, the global coupled inductor's demand is expected to grow greatly in the coming years along with the development of the electronics industry, driving the growth of its market.

Coupled inductors are increasingly used in consumer electronics and the automotive sector due to their low cost and small physical footprint. Throughout the forecast period, demand for coupled inductors is anticipated to increase. The inductors transfer energy from one to the other when the magnetic fields of two inductors connected to two separate circuits are brought together. Inductors used in this manner are called coupled inductors. Electric motors, generators, wireless power transfers, transformers, induction heating systems, induction cookers, and radiofrequency identification all require coupled inductors. These inductors are also used in metal detectors, inductive charging devices, and induction loop communication systems. Due to their cost effectiveness and reduced space requirements, coupled inductors will be used more frequently in consumer electronics and the automotive industry, which will increase demand throughout the predicted period.

The market for coupled inductors is predicted to be the largest in the Asia-Pacific region as a result of the growing demand for consumer electronics, cars, and renewable energy systems. The demand for smartphones, laptops, and other electronic devices is expected to rise along with the swift penetration of renewable energy sources in countries like China and India. As a result, coupled inductor demand in the Asia-Pacific area is likely to rise.

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