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Inductors Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
What is the Market Size & CAGR of Inductors market in 2021?
The global inductors market size in 2021 was valued at USD 4.5 billion. The market is expected to grow at a CAGR of 5.2% from 2021 to 2026, reaching a value of USD 6.8 billion by the end of the forecast period.
COVID-19 Impact on the Inductors Market
The COVID-19 pandemic had a noticeable impact on the inductors market. Due to supply chain disruptions and decreased consumer demand, the market witnessed a slight decline in growth in 2020. However, as the economy started to recover in 2021, the market began to show signs of improvement.
Inductors Dynamics
The global inductors market is driven by the growing demand for electronic devices such as smartphones, laptops, and smart appliances. The increasing adoption of electric vehicles and renewable energy solutions also contributes to the market growth. However, challenges such as price volatility of raw materials and intense competition among key players may hinder the market expansion.
Segments and Related Analysis
The inductors market can be segmented based on type, application, and region. By type, the market is categorized into fixed inductors, variable inductors, coupled inductors, and multilayered inductors. In terms of application, the market is divided into automotive, consumer electronics, industrial, healthcare, and others.
By Region Analysis
The inductors market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share due to the presence of key players and technological advancements. However, the Asia Pacific region is expected to witness significant growth attributed to the rising demand for electronic devices.
Key Market Players and Competitive Landscape
Some of the key players in the global inductors market include TDK Corporation, Murata Manufacturing Co., Ltd., Vishay Intertechnology Inc., Taiyo Yuden Co., Ltd., and Eaton Corporation. The market is highly competitive, with players focusing on product innovation and strategic partnerships to gain a competitive edge.
Recent happenings in the Inductors Market
In recent months, there has been a surge in demand for inductors due to the increasing adoption of IoT devices and 5G technology. Additionally, the market has witnessed strategic acquisitions and collaborations among key players to strengthen their market position and expand their product offerings.
