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

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 demand for coupled inductors will increase over the projected period as they are increasingly used in consumer electronics and the automotive industry due to their cost-effectiveness and reduced space requirements. Two inductors connected to separate circuits can transfer energy to one another through their magnetic fields when their magnetic fields are brought together. Electric motors, generators, wireless power transfers, radio frequency identification, transformers, induction cookers, and induction heating systems are just a few of the applications that heavily rely on coupled inductors. Moreover, these inductors are used in metal detectors, inductive charging devices, and induction loop communication systems. Coupled inductors will be used more frequently in consumer electronics and the automotive industry as they are more cost-effective and take up less space, which will increase demand over the projection period.

The requirement for conventional cars is decreasing as electric and autonomous vehicle adoption rates rise. The coupled inductors have been impacted by this. The market for coupled inductors has a large window of opportunity for growth due to the growing emphasis on alternative energy. The requirement for coupled inductors is anticipated to rise as more solar and wind power systems are installed. The market for coupled inductors has a huge opportunity as more people shift to electric and hybrid vehicles. The need for coupled inductors is expected to rise as the quantity of electric and hybrid vehicles produced increases.

US Coupled Inductor Market is poised to grow at a sustainable CAGR for the next forecast year.